Time Warner Plans Denver Pullout
By Karen Brown -- Multichannel News, 7/25/2002 8:04:00 AM
More bad news for Denver, the one-time 'capital of cable' -- Time Warner Cable is closing down its corporate-services division there and transferring employees to the East Coast.
The MSO called a meeting Wednesday to talk about the plan, which will affect about 200 engineering, support, legal, human-resources, financial, design and construction positions.
Time Warner is moving most of its Denver-based corporate services to Charlotte, N.C., where it has a major cluster and operations. Some of the engineering positions will be moving to Herndon, Va., home of Time Warner's Road Runner high-speed Internet-service provider.
The fact that Denver is not a market for Time Warner played into the decision to move.
'We are undertaking this move to establish a stronger connect between our corporate and divisional operations, to realize certain cost efficiencies and to gain advantages from placing certain corporate-service functions alongside our operating systems,' Time Warner spokesman Mark Harrad said.
But Time Warner won't completely exit the 'Mile High City.' Its national division -- which oversees the MSO's smaller, unclustered cable systems -- will stay put for the time being. The MSO plans to have the shift completed by the end of the year.
With this move and AT&T Broadband's proposed merger with Comcast Corp., there will be little corporate cable presence left in the Denver metro area, home of the new National Cable Center and Cable Television Laboratories Inc.
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