Channel 6 News - Search Results
NY's Schumer recuses from review of cable deal
ALBANY, N.Y. (AP) -- U.S. Sen. Charles Schumer says he's recusing himself from any role Congress plays in Comcast's planned acquisition of Time Warner Cable after learning his brother was one of the lead lawyers behind the $45 billion deal.
Federal regulators and lawmakers will scrutinize how the acquisition would affect competition and consumers. The New York Democrat is a member of the Senate Judiciary Committee's antitrust subcommittee.
Schumer's office said Tuesday he didn't know his brother Robert represented Time Warner in the talks until The American Lawyer reported Friday he was the publication's "dealmaker of the week."
When the deal was announced Thursday, Schumer's office said he'd urged Comcast to maintain jobs in New York.
Robert Schumer's role in the deal was first reported by the blog littlesis.org, a project of the nonprofit Public Accountability Initiative.