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Broadband Briefs for 5/29/08

Thu, 05/29/2008 - 8:00am

• TWC names Rusak VP of biz affairs
By Traci Patterson

Time Warner Cable (TWC) has named Robert Rusak as its group VP of business affairs. Rusak will oversee the company’s business affairs department, which negotiates technology and infrastructure contracts.

Rusak joins TWC from Teliris Inc., a New York-based technology company where he was CFO. Before joining Teliris, he was CFO at Synacor.

Rusak is returning to the Time Warner organization, having worked for TWC and other Time Warner companies for nearly two decades before leaving in 2004. He was a member of the team that launched Road Runner, the nation’s first high-speed Internet service, in 1996. He later served as VP of finance and CFO of Time Warner’s Mystro TV venture and helped develop technologies that include TWC’s Start Over service.

• Cablevision promotes recruitment exec to SVP
By Brian Santo

Cablevision Systems has promoted Carolyn Dursi to SVP of executive recruiting. She will oversee the recruitment of senior talent across all Cablevision business units, including corporate, cable, News 12 Networks and Rainbow Media Holdings, among other units, the company said.

Dursi joined Cablevision as VP of executive recruiting in 2000. Prior to joining Cablevision, Dursi held leadership positions at Thorndike Deland Associates, Horton International and Handy HRM.

• Charter seeking time extension on some debt
By Brian Santo

Charter Communications is buying itself some financial breathing room by extending the debt maturity on a pair of notes.

Two indirect Charter subsidiaries, CCH II and CCH II Capital, are offering to exchange up to $500 million principal amount of their existing 10.25 percent senior notes, due 2010, for additional 10.25 percent senior notes, due 2013.

The offer is being conducted as a modified “dutch auction,” pursuant to which holders of the old notes will have the opportunity to specify an exchange ratio at which they would be willing to exchange old notes for new notes.

• Verizon’s high-speed Internet service expands in Del.
By Traci Patterson

More consumers and businesses in parts of central and lower Delaware now have access to Verizon’s high-speed Internet service, which is based on broadband DSL technology.

In the past several months, Verizon has upgraded 17,000 customer phone lines in parts of Kent and Sussex counties to provide its high-speed Internet service.

Qualified customers can sign up for the service, with a connection speed of up to 768 Kbps, for $21.99 per month. Verizon's 3 Mbps service is available for $31.99 per month.

More Broadband Direct:

• Comcast's e-mail hacked 

• TiVo on track for a (EBITDA) profit in '09 

• Akamai data shows Internet attack traffic is persistent 

• comScore acquires M:Metrics for $44M 

• AP: Blockbuster to allow movie downloads via STBs, IPTV 

• Access Media 3 acquires inVision Networks' operating assets 

• Broadband Briefs for 5/29/08 

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