Comcast Deal Has 'Huge' Potential, Says Time Warner Cable CEO

Time Warner Cable CEO Rob Marcus told an investor conference in more detail why his company's board agreed to sell to Comcast, calling the proposed combination a dream deal with big upside potential. He said his management team was focused on maximizing shareholder value and enhancing consumers' user experience in evaluating possible deals.

"The combination truly is a dream combination," he concluded. "The value creation opportunity is huge." Marcus added that while the TWC board saw value upside if the company remained independent, it felt there was more upside with Comcast as the new owner.

Charter Communications, in which John Malone's Liberty Media owns a 27 percent stake, had also bid for TWC. Discussing his future after the close of the proposed deal, Marcus said: "Whether or not I'll be here [at the conference] next year...is a question that remains to be answered." The two companies have said they expect to close the deal by the end of 2014. With Comcast Cable boss Neil Smit set to run the combined company, industry observers have been wondering where Marcus may land next.