Decker Anstrom is likely to step down Thursday as chairman of the National Cable & Telecommunications Association as a result of his company's sale of The Weather Channel, a senior cable industry official said Tuesday.
Anstrom, the president and chief operating officer of Landmark Communications and a former NCTA president, is also expected to tender his resignation as an NCTA director at the trade association’s board meeting Thursday, the official said.
Tom Rutledge, the COO of Cablevision Systems Corp. and the board’s vice chairman, is expected to step in as NCTA board chairman on an interim basis until new board elections are held in the spring at the NCTA's annual convention, in Washington, D.C., the official said.
In September, Landmark closed on the sale of The Weather Channel and weather.com to a group led by NBC Universal and also including Bain Capital and The Blackstone Group, for about $3.5 billion. Landmark still owns newspapers and television stations but has no cable interests after the sale.