The CEO of Cablevision Systems revealed today that he’s looking to do a deal with Time Warner Cable to consolidate the New York cable market.
James Dolan made the comment during a panel discussion at the Internet & Television Expo in Chicago — INTX 2015. Panel moderator Julia Boorstin, media and entertainment reporter for CNBC, first asked Dolan whether he would be interested in pursuing a deal with his competitor FiOS in New York, and Dolan said he would not.
When Boorstin followed up with a question about whether Dolan would like to do a deal with Time Warner Cable in the New York market, Dolan said yes.
The market is currently divided between Cablevision and Time Warner Cable.
Dolan, who appeared on the panel as part of the general session at INTX, said a combination of Cablevision and TWC would make the market more efficient, benefiting the New York consumer through improvements such as increased innovation.
Rob Marcus, chairman and CEO of Time Warner Cable, was also on the panel and did not respond to Dolan’s comment.
Other panelists were Tom Rutledge, president and CEO of Charter Communications, Pat Esser, president of Cox Communications, and Michael Fries, president and CEO of Liberty Global.
Noting that Charter and Time Warner Cable were working on a possible merger before the high-profile, recently failed merger attempt between Comcast and TWC, Boorstin asked Marcus and Rutledge whether they might have any deals to talk about, and both men declined to comment.