Marketplace®

Daily business news and economic stories

It’s Time Warner Inc., not Time Warner cable

Don't worry, the government is having trouble keeping it straight too.

It’s Time Warner Inc., not Time Warner cable
STAN HONDA/AFP/Getty Images

When you first heard about AT&T buying Time Warner, you probably said “so AT&T’s buying Time Warner Cable, what’s the big deal?”

Well, no.

The four top lawmakers on the SEC committee sent an announcement about their upcoming hearing that said “Both Randall Stephenson, the CEO of AT&T, and Robert Marcus, the CEO of Time Warner, will testify”, according to a report from the Wall Street Journal. Their mistake? Robert Marcus is the CEO of Time Warner Cable, which was bought by Charter Communications recently. AT&T is buying Time Warner Inc., which owns HBO, CNN, Turner Sports and Warner Bros. 

Jeff Bewkes is the guy you’re looking for, Senators.

The confusion prompted a SEC filing from AT&T, but it didn’t really work. A number of media outlets have wrongly used Time Warner Cable branding when reporting on the deal, according to Yahoo News.

 

Related Topics

Collections:

Latest Episodes

View All Shows
  • Marketplace Tech
    an hour ago
    11:03
  • Marketplace
    12 hours ago
    25:19
  • Make Me Smart
    18 hours ago
    19:00
  • Marketplace Morning Report
    21 hours ago
    6:55
  • This Is Uncomfortable
    3 days ago
    56:05
  • Million Bazillion
    24 days ago
    32:45