Schumer Won’t Be Involved In Time Warner Review
Senator Charles Schumer has said the acquisition of Time Warner Cable by Comcast "seems like" it would be beneficial for New York. But a Schumer spokesman now indicates the senator won't be involved in a congressional review of the deal.
Schumer's office has issued a statement after a media report revealed the senator's brother, Robert, was a lead attorney in what's been billed as a $45 billion sale.
Capital New York reported a Schumer spokesman said the senator and his brother "had never discussed the matter before."
The American Lawyer magazine named Robert Schumer its "dealmaker of the week" for his role in the planned sale.
According to Capital New York, Schumer spokesman Max Young released a statement saying the senator "will recuse himself from Congressional consideration to avoid any appearance of bias."
The Comcast deal likely will face intense scrutiny by federal regulators. A Comcast official has indicated it could take up to a year before the sale receives needed approvals.