Pat Kiernan is safe, but there will be a bloodbath in the executive suites if Comcast’s purchase of Time Warner Cable for $45 billion meets with federal approved.
Kiernan, the erudite morning news anchor and host of “In the Papers” on Time Warner’s NY1, will actually be seen in millions more homes when the nation’s two largest cable companies merge.
Sen. Chuck Schumer put out a statement Thursday saying, “It seems that local jobs, as well as Pat’s ‘In the Papers’ segment, are not in danger.”
Not quite.
“The bosses at Comcast have no need for their counterparts at Time Warner,” said one insider. “If the Time Warner execs — including CEO Rob Marcus — aren’t already looking for new jobs, they should be.”
Both companies are hated almost equally by their customers. In a Consumer Reports survey last April, out of 17 cable companies, Comcast ranked 14th in terms of customer satisfaction, while Time Warner was 15th.