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TWC’s Marcus Is MCN’s ‘Exec Of Year’

12/06/2010 12:01 AM Eastern

NEW YORK — Robert D. Marcus, the
senior executive vice president and
chief financial officer at Time Warner
Cable, has been named “Executive of
the Year” for 2010 by the editors of
Multichannel News.

In March 2009, when Time Warner
Cable fully separated from Time
Warner Inc. as a public company, it
borrowed more than $10 billion but
promised to get debt back down to a
level of 3.25 times cash flow from 3.5
times.

By fall 2010, the debt level was low
enough that TWC could announce a
potential $4 billion buyback of its own
shares —
and still
keep leverage
below
the target
(about 3
times). It’s
also paying
shareholders
a
$1.60-pershare
dividend
this
year.

Investors’
response? The stock is up about
50% this year, to the $62 range.

Marcus has been the CFO at Time
Warner Cable since 2008 and has
overseen this financial success story.

Under his watch, the company this
year also inked wide-ranging programming
agreements with The Walt
Disney Co. and News Corp. involving
broadcast and cable networks and
their online extensions — without
channels getting dropped.

A special report in the Dec. 20
issue of Multichannel News will profile
Marcus, who has been in senior management
at TWC and TWI since 1998;
before that, while at a law firm, he
served as outside counsel.

Previous Multichannel News executives
of the year were Comcast chairman
and CEO Brian Roberts in 2009
and Insight Communications chairman
and CEO Michael Willner in 2008.

 

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