tv Bloomberg West Bloomberg April 11, 2016 11:00pm-12:01am EDT
mark: i'm mark crumpton and you are watching "bloomberg west." u.s. secretary of state john kerry visited the memorial to the atomic bombing seven decades after the u.s. use the weapon. 140,000 japanese were killed. the trip makes secretary kerry the most senior american official to travel to hiroshima. a u.s. naval officer charged with spying for china and taiwan. the suspect has been identified in multiple media reports as lieutenant commander edward lynn. he was born in taiwan and became a naturalized citizen. it is the second day of their weeklong tour of india.
the new poll says half the u.s. approves of president obama's job performance. it's the first time that has happened since 2013. the associated press reports seeing an up sick across a number of issues, including the economy. the white house says the supreme court nominee, merrick garland will meet with senators after 15 former american bar association's joined the push to ask republicans to consider the judge. global news 24 hours a day powered by our 2400 journalists in 150 news bureaus around the world. ♪
emily: coming up, facebook is getting ready. another suitor throwing his hat into the ring for yahoo! -- what would the daily mail do with yahoo! possibly assets? and tesla recalls 2700 vehicles over issues with third row seats. the bloomberg business week design conference is underway where top designers and business leaders are gathering to talk about design innovation. my colleague and editor at large cory johnson is standing by with some big interviews ahead. cory: a really interesting conference here in that bloomberg is this week focused not only on their design issue but the notion of how it can lead to new kinds of his nest. certainly things like art direction and architecture and
even city planning are being discussed, but some ideas about front end user experience, even architect companies in a totally different way. emily: we will check in with cory johnson of it later in the show. turning now to facebook. their development concert -- conference kicks off on tuesday. this is where mark zuckerberg has unveiled things like profile overhauls and music discovery features. he's expected to focus on messenger to monetize the 900 million users who use the platform and we will hear more about their live video ambitions. underneath all of it is a question sparking debate among pundits and investors. our facebook posts getting less personal? joining us to discuss that is sarah frier in the studio.
what are we expecting? guest: we are expecting to hear everything from messenger products and whatsapp included and virtual reality. this is the conference where facebook lays it all out. a lot of the current buzz is around bots and what they might do to help businesses use artificial intelligence. emily: this is what allows you to order uber, book a restaurant, i wonder how many people are doing that in messenger? guest: it is very small so far but what a lot of analyst are saying is once facebook opens the ability to build bots more widely, facebook is making the
move in the bots area. emily: isn't that the same thing that got microsoft in trouble? guest: microsoft had a thought that started -- had a bot that had racist tendencies. if they build something to have humanlike capabilities, who knows if it will go off the rails. emily: what should we be watching for? david: i think people tend to underestimate the scope of the way zuckerberg tends to think about the whole thing. things like internet.org are the front of his attention and it would not surprise me if he talked about that. it has been such a challenge for facebook with the push back in india, egypt, and elsewhere. i think that bots are and interesting question. it may not be that people actually want to buy things or
interact with companies. twitter has been a great place and i think facebook is looking to copy and improve. he has a mobile transaction business and has a lot of history. emily: i want to talk about this question of whether people are sharing less personal content on facebook. according to the information, sharing of personal stories has declined 21%. early facebook employees say that is a good thing, saying as intimate sharing declines as generic content sharing increases, facebook becomes a well curated twitter at mega-scale, very bad for
twitter. but what if total sharing is in decline, which it has been for over a year? they went on to say based on this information, why would you not just short twitter, but facebook. facebook has been in a panic about this. sarah: facebook has not come out and said they are worried about this, but they are. we have seen very openly how facebook is trying to combat this. yesterday, everyone was posting about national sibling day. they are using things like the post that brings up memories of the past, those are attempts by facebook to combat this personal sharing decline and get able to start talking about things that
are more intimate. emily: the news outlet is saying this problem is particularly acute with younger people and it is affecting instagram. we might infer that traffic is going to snapchat. how big a problem do you think this is? david: facebook claims total sharing is not in decline. i know from watching my 23-year-old daughter, which is only your focus group of one, instagram has taken over for all of the things she uses facebook for and she is sharing like crazy but she's only sharing images. it's not the same day. i think it could be a problem. i don't since it is a problem now but it is almost funny the way facebook executives are sharing about their mothers
death and sibling day -- i had never even heard of sibling day, nor do i care about it but i did them funny pictures of mark zuckerberg him when he was a kid which i'm sure emerged because they are trying to set an example that this is how you are supposed to use facebook. emily: some interesting questions about what facebook is becoming. thank you so much. we are going to be doing some big interviews from the developers conference including with the facebook vp of messaging tomorrow and the facebook cto on wednesday. tesla is recalling 2700 model x sport utility vehicles, strength test revealed issues with the third row seats. tesla is advising drivers not to have anyone sit in the third row while the car is in use. it covers vehicles made before march when he sixth.
they are now constructing third row seat back and expects to replace them all within five weeks. this followed the unveiling of the mass market model three sedan that received over 325,000 preorders. coming up, a new suitor emerging in the standoff over yahoo!. we will break it down and with the company has to gain. and why the whole media world should be afraid of snapchat. ♪
partners. the company has extended the bidding deadline from april 11 two the 18th. here with me to discuss the week ahead is our bloomberg tech reporter and david kirkpatrick. the daily mail, do they want to turn it yahoo! into the biggest tabloid in the world? guest: i guess you could say they have a wide appeal. at the end of the day, it looks like a newspaper trying to find a digital way and saying check us out. emily: it is interesting that the list of suitors gets longer and longer for this company that supposedly nobody wanted. what do you make about the daily mail?
david: i know the daily mail actually well. i think there's a match in terms of the market. there's a mass market, pop culture oriented type of audience they are looking for, ordinary people who want moderately entertaining news. it's not that far away from what they people at yahoo! had. the most compelling combination is with verizon and the whole thing with tim armstrong which looks very likely to be something they want to have happen is a very compelling combination. i think it could be a good potential buyer. emily: and the daily mail has been beefing up its presence, focusing on younger users and the celebrities.
but the list in general was like 40 different companies looking at yahoo! now. david: you hear a lot of numbers and there are a lot of new name coming every day. there's definitely a lot of names but you could say it is good for yahoo!. at least we are seeing a lot of interest. guest: i think it is interesting sony people have faith that yahoo! still matters. as one of those dinosaurs is still uses yahoo! mail, i hope they keep that up. it's a big technical challenge. if a company like the daily mail owns it, they will have to beef up their tech shop. emily: some people have valued the core business at less than
nothing. take a look at what marissa mayer's told me about what the core business is about. marissa: my goal is to make it as much as it can possibly be worth. managing our costs well is something we pride ourselves on and doing our best to return shareholder value. emily: not a concrete answer, but what are the numbers we are looking at? brian: i think is going to be interesting on some level. here are the results, here is the revenue, but at the end of the day, you're going to listen for any droplets on how is the sale process going?
she's probably not going to get a lot out of the sale and it's going to be interesting how that dynamic works. emily: we were speaking about a sharing issue on facebook and how a decade ago, maybe yahoo! was the place to go for news and now it is facebook. even facebook is potentially having difficulties. is it ever possible to be in reverse and make a comeback when it comes to a news media site like technology turnaround have not been very successful? can it happen in media? david: it can happen but there are not many people like steve jobs out there. it hasn't been cool for a really long time. the right buyer consolidating with the right properties could
make something a lot of people want to use. tim armstrong combining with aol could be interesting, and it is fascinating. having worked there for 25 years, i think there'd digital strategy has endlessly been wrong. i hope that doesn't happen for the sake of yahoo! but it's interesting how many companies think they can do something interesting. what if alibaba bought it? that is not out of the question. emily: the one prominent company not on that list is alibaba. jack ma seems to not want any part of it. he didn't have a nice things to say about yahoo! when ice folks to him a few months ago. david kirkpatrick, thank you so much for stopping by. i know we will be asking you every day what is going on and you will keep us posted.
emily: researchers have identified an unusual stage of ran somewhere. a report says the virus plates computers server vulnerabilities without requiring human interaction. hackers target acca files and records and encrypt them in order to make them unreadable characters. to regain access, users often have to aa ransom in bitcoin. the bloomberg businessweek
design conference is underway for top design and business leaders are convening. cory johnson joins us live from the conference with a very interesting guest. it's someone i wanted to hear from for a while. cory: george offs joins me right now. from iphone hacking to a self driving car, tell me about how it came to be. george: there's a lot already out there about the self driving car. a sickly, tesla wanted me to build a vision system for their car and the deal fell through, so i decided to my own. if you want to drive a car, you have to know where the road is and where you want to base yourself on the road. it identifies all of those. cory: controlling a car as a whole other aspect. maybe not as complicated?
george: vision is very high bandwidth, controls are much lower bandwidth. cory: what kind of car was it that you gave sites to? george: the car doesn't really matter. it was an acura, but it's really a question of putting a camera in the car and running some fancy algorithms that learn to associate images with actions. cory: the car has gotten better at doing this or did the software get better? george: how you drive a car is an incredibly, located problem. you can try to give it a lot of rules but it doesn't work. cory: why doesn't it work? george: because there are too many rules. you can do it. cory: adjusting different speed than changing lanes? george: try to write up a complete list. it's impossible. you have to look for other ways that are not just programming.
you have to learn it from experience. cory: is that a hack? george: facebook took that word and turned it into something else. i'm a networker with a different set of skills. cory: it's more than just a car now, it is a company? george: it's not the question of whether i can build a single self driving car. it's the question of how do we ship that to everybody? i'm not going to say how we are to do that but i promise that by the
end of the year for under $1000, you will be able to buy a self driving car. obviously you have to install it in the car you already have. cory: and there is a company built around this idea? george: yes. cory: how many people do you have working on this? george: four. we try to replace the jobs with machine. cory: there are massive regulatory hurdles. george: i'm going to build this and ship this. cory: what is the process going to be? george: i'm going to build it and i'm going to get it to people. you've got to figure out how to make it small. we want this to be user installable. how do you make it so the user
account at the camera on the windscreen without precise calibration? cory: 20 seconds, you can tell me. george: your machine has to be able to work regardless of that. it's a sharp contrast to all the existing systems. cory: interesting stuff. i can't wait to see what you come up with here. it's the kind of stuff that can to be mind blowing and make you think. emily: cory johnson from the bloomberg businessweek design conference. stay tuned. we will check back in later this hour to find out what's next for the company that has kept polaroid 600's instant films alive. and i will be speaking with
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i did not see that coming. don't deal with disruptions. get better internet installed on your schedule. comcast business. built for business. >> japanese socks are on the rise as the japanese snaps its longest rally since 2012. chinese shares are going the other way. the central premier saying today that china's real economy faces "multiple difficulties." up 6% on reports that it may shut down european equity operations after years of failing to become profitable. they will end research sales training and underwriting. axe 20%say nomura may
of its european workforce. s are up again in taiwan as they get set to launch their latest smartphone. it is being seen as make or break for the company, which lost 92% of its market value in five years. stocks surged yesterday on news of the deal with northrop grumman australia on communications. those are the headlines bloomberg news, powered by 2400 journalists than 150 euros around the world. the yen is hovering around 108, so where do we go from here? david: that's the question. a fairlyeally seen sharp surge but where do we go from here? where does the boe come up with it? people are saying maybe 100 -- does it hurt the japanese economy trading at 108.23? at the moment, we've been
hovering around these levels for the last 36 hours, but if you look at what has been happening over the past month, that is a clear move down. you scale this back further and have a look at it over five started,n abenomics you market here, we are headed back toward 38.2%. what's going to happen? it's hard to say. months, maybeing 100 this year. he has called 115 correctly. if you look at the forecast on bloomberg, and i will run the function, and have a look at the isanese yen, the highest one where most of the forecasts are, 115 second quarter. not a lot -- we are looking at
80, maybe 20 revised. a lot of people are many behind the curve are looking for dollar-you to spike. we will see what happens; it depends on where this goes. equity markets are the most important point. ♪ emily: let's take a look now at the world of social media. vaynerchuk media founder, and early investor companies recently released his fourth book. #askgaryv. he makes the bold claims that c.e.o.'s are to blame for everything that goes wrong at their companies. i sat down with him and asked him to test his theory and started by asking, is it jack dorsey's fault that twitter has seen its stock slide and user growth stagnate? take a listen. guest: no. because he's not been in place long enough. i don't think six months -- emily: whose fault is it? guest: dick is one of my favorite human beings i've ever met. if we're going to go on this thesis, he had a nice long run and the product didn't innovate enough. now, again, this is why i don't like blanket statements. i don't know if dick had a deal with all the dynamics on the board, all the original founders, maybe he was crippled
but the product did not change for five years, it lost the attention of the young consumer. that's what all these people trade on. i don't think it's his -- definitely not jack's fault. he's only been back for a few minutes. but they have to make moves. i think the product has real flaws. i'm sitting with you right now because of twitter. twitter put me on the map. emily: you were an early investor. guest: early investor from the outgoing c.t.o. that's how i got in. emily: a huge platform for you. guest: it changed my life. it's like my high school crush. i sit here sad. i wish it was better. i have a lot of leverage on it. i don't want it to go away. but no question the attention of the young consumer, i can get a lot more accomplished through my snapchat or instagram which have much smaller followers than my twitter, because the attention isn't there. emily: what would you like to see happen with twitter? streaming nfl games. guest: that's going to have a huge impact on the television industry because it's going to make everybody understand that netflix is not the only over the top network. once people really understand what's happening here, which is facebook and snapchat are equally dangerous for abc, nbc, bloomberg television, and everybody else, because anybody can now play over the top on the internet it's -- i think the twitter nfl deal is something we'll look back on 15 to 20
years from now as one of the important moments of where the world was going. that's good. i think they have to kill the 140-character limit. it's a romantic thing. emily: he already said that. guest: i disagree with him. he might be right. i disagree. i think it's a romantic point of view from a restriction of mobile devices years ago. i think they need to have a stream. i think they need to have a news feed. i think they have to curate the content. emily: moments isn't enough. what do you mean by a stream? guest: i think it should default into not showing you everything. if you want to go the other way, cool, and then i think when something actually happens, which is what twitter's best for, they should go to the old school breaking news and go back to old twitter. so if i was running product, i would go to a curated feed, which is what has to happen, it's proven, that's what has to happen. what facebook and instagram is doing is right. it keeps people on it longer. it's data, not just my opinion. emily: they have moved toward a timeline. guest: not as default. they go their default. we're capable of switching it back on. and then when there's a world infinite or big game, i think they can go into breaking news and open it back up to be the water cooler that it actually is. that's my two cents. emily: what about facebook? they're making a big play for live. you normally think of twitter as live. now they're paying publishers to do live video on facebook. facebook has by all accounts been winning at almost everything.
whether it's video and advertising. guest: because it's the best. and because -- emily: can they win it live and, there's a new report out today that publishers have actually seen traffic decline on facebook. guest: i don't know if there's a company i'm more bullish on. i don't know if there's management team that i have more confidence in. i knew those guys and gals super early on. i'm not super close to it. just watching it from afar. emily: you also invested early on. guest: not that early. it's good. it would have been way better if it was a little bit earlier. i think mark zuckerberg offering $3 billion for snapchat 18 months ago has to, for anybody who's watching this right now, solidify him as one of the strongest c.e.o.'s of this generation. he understands attention better than anybody. i'm so blown away by the way he's navigated -- he's a kid. how old is he? 31? emily: far younger than both of us. guest: he's dramatically more emotionally intelligent than
people realize. his people skills are really strong which translated into social network. of course facebook can win on live. do you know what scale of attention facebook has? of course some people have seen declining traffic from facebook, because a lot of people put out crap. if you're putting out crap, people aren't going to share it and put it out. just like people have seen declining of open rates and email over the last 10 years because a lot of you send out spam. i think there's plenty of people that are seeing an increase of facebook traffic. i see this every day. i'm very bullish on facebook. facebook and instagram are two of the three platforms that are dominating people's attention. emily: what about snapchat? does it change the social media landscape? guest: absolutely. it is the absolute darling of the dance right now. i do believe that the proven that it will age up. i fully sit here comfortable
predicting that in 24 months a lot more of your grandmothers and older uncles are going to be on it. emily: could it kill twitter? what does snapchat threaten? guest: everybody. all they're playing for is attention. snapchat threatens this. this show. it threatens the magazine over there. it threatens the billboard that's highly overpriced right out there right now because everybody in the passenger seat is looking at their phone. all of these people are playing for the same thing. attention ash tragedy. snapchat is the first thing to come along in a long time, since instagram, that is a real beast of attention play. emily: my interview with gary who never minces words. more from that conversation straight ahead as an early investor in tumblr, what does he think went wrong with yahoo!? that's next. and if you like bloomberg news, check us out on the radio. more of "bloomberg west" next. ♪
emily: berkshire hathaway's business website went down just before the u.s. stock market closed. business wire distributes press releases issued by companies and the company says the issue is due to a power outage and third party co-location facility. the disruption impacted several statements including the distribution of first quarter earnings release. overstock.com says its founder and c.e.o. will take an indefinite leave of absence to battle hepatitis c. the retailer says it's unknown when or if he'll return to work. he says he's finished treatment and believes he can beat the disease. guided by him, overstock became the first major u.s. retailer to accept bitcoin.
he's recommended veteran tech exec as acting c.e.o. continuing my conversation now with gary. we talked about one of the hottest media stories out there. a possible deal between yahoo! and verizon. i started by asking about yahoo!'s current predicament and how much of that is marissa mayer's fault? guest: she's done a lot of smart things. but three years, that's a big ship. it depends how you look at it. i would say that's enough time. in year one, year two, you're unwinding a lot of things. i think wall street-based companies have it a little bit different. the truth is, you're playing in a game this channel, you're playing in a game of 90-day term. if i got to run yahoo! when marissa took over and i had it off of wall street and had my life to run it, i would be doing a lot different behavior. i think the pressure of what wall street wants her to do is short term behavior. it's hard for me to judge.
i don't look at the wall street c.e.o. the same way i look at a pre-i.p.o. c.e.o. but it uses a lot of time. emily: verizon is preceding with a bid. guest: in that three years, marissa could have tried to buy snapchat for $4 billion 24 months ago. that could have worked possibly. emily: highly doubt that evan would have said yes. guest: you're right. there's those things. i always think that when you're in full control, y can do things. and so i think the results are results are results. i'm a big believer in the market is the market. but i'm also not naive that stockholders and the game you're playing dictate some of those outcomes. emily: yahoo! is for sale. though she still believes she could turn it around if she had significantly more time. guest: i agree with her. these are big companies. the thought that -- i think a private equity seven-year terms
on wall street, three years, these are big companies, like, it would be nice if they could have 10 years to prove it but you don't. emily: right. verizon is proceeding a bid. is that the right thing for yahoo! and verizon and marissa? guest: i never really -- i'm not going to come on this show with the people that are watching and every cry for c.e.o.'s of fortune 500 companies. they always do ok. whether they win or lose. where there is not a lot is once you're able to achieve a c.e.o. status, whether you did a good job or bad job, you tend to get paid quite well. i don't know. to me, i view her from afar. i don't know her. as pretty strong actually. so, i think for her own operation, wants and needs and ego and feelings, it might not be good. because she probably wants to see it through. verizon, i think this is maybe doubling and tripling down on the things that a.o.l. has brought to their table. as far as yahoo!, i don't know. it's such a convoluted situation.
you have -- this is where i would say marissa may be left something on the table, again, without knowing if she could or couldn't do this. when you need to break out, you can't go safe. you have to be aggressive. tumblr was a big play. as an early investor in tumblr, i was happy about that. those are things you need. for verizon, it feels right. because i do think that some of the a.o.l. content things within the pipes that they're trying to create have brought them value. and i do think the individual pieces of yahoo! potentially could be quite valuable. emily: was tumblr really the right bet? guest: it was the wrong bet. it was the right kind of bet. tumblr ended up being the wrong bet because even at the time they did it, this is probably why even though i was a little disappointed, because i thought there was more room to go, tumblr missed their opportunity to go to mobile the way they needed to. a year or two earlier. and so i would say no. it wasn't the right bet. but it was the right kind of effort. emily: my interview with gary vaynerchuk. the digital media and ecommerce platform hype beast is enjoying
the best debut of any asian i.p.o. this year. surging more than 700% in monday trade, the 10-year-old company started off as an online sneaker forum but has grown to include a handful of lifestyle websites and a web store. the platform has attracted more than 46 million page views a month in the 2015 fiscal year. its biggest revenue generating markets are the u.s. and hong kong. and secure works launching its i.p.o. road show this week, testing appetite. secure works is a cybersecurity firm that services enterprise customers. it's seeking up to $158 million in a public listing. the company's expected to price after market on april 21. dell had previously delayed this i.p.o. after an initial filing in december amid market volatility. and tomorrow on bloomberg, do not miss u.s. commerce secretary on go 8:30 new york time.
emily: in today's funding board, doubling down on his passion for tech by launching a private equity fund worth $100 million. already an investor in the maker of the star wars bb-8 drone. his early stage fund which will make individual investments of as much as $10 million per company will be targeted toward u.s. and european startups developing robot tech. artificial intelligence and internet of things apps. and octopus ventures raked in $142 million to invest in european startups. it brings the u.k. venture
capital firm's funds to more than 400 million pounds. octopus ventures is part of the octopus group. it invests about $107 million in early-stage startups across the e.u. they've already backed a well known number of european startups. back to our bloomberg business week design conference where our editor at large is standing by with the company who just debuted camera that merges the old with the new. cory: remember these? these polaroids, maybe? emily: i remember them well. cory: iconic things. oscar is one of the millions of people, hundreds of millions perhaps, who have been inspired by this. but you looked at the collapse
of polaroid. first of all, it's hard to overstate how important a company polaroid was and how important it was to some of the early foundation of the tech community out here. guest: absolutely. it was incredible. i think a lot of -- you just look back at it, but it was the leading consumer products company. there was lines forming to buy products. it was the apple of the 1970's and 1980's. cory: stock was also just about as hot. when you looked back at that, what did you see as most interesting? talk about how your company came to be the impossible project? guest: the thing that we saw in it was the magic of the medium. the fact that it's a physical artifact. cory: i'm not sure i look very magical in the picture that you took. guest: that's your fault. so this magic of the experience of taking the photo, having it develop, everybody instantly kind of gravitating toward it and sharing it around. and i think that magic is still
there today. you have a very similar reaction today when you take out a camera. everybody's interested in taking a photo, getting their photo taken. it's different getting your photo taken with an iphone. that's where we saw it. this tangible -- i mean, it's hard to describe it other than magic. cory: i sat with some of the curators and directors of the museum in new york and we talked about the role photography plays in people's lives now compared to the old days, glory days. you put up a slide in your presentation here that showed an incredible number of cameras out there right now. more photography happening right now than ever before by a long shot. i once saw a statistic that more pictures have been taken in the past three years than the previous 100. it's not outlandish. tell me what are the numbers? guest: the big number is the number of smartphones. all smartphones have cameras and that means that we're talking about more than one billion sold every year. and this compares to analogue cameras, the peak year they would sell 20 million.
cory: not even comparable. guest: no. and it's easier than ever. you always have your phone with you. you always take photos. cory: what's the role of this, your cam remarks which is way cool, but what is the role this camera, when everybody's already got a camera, i'm going to look at the instant pictures you took, snap a picture of that and put it on my instagram account, because that's sort of how i share pictures. what's the role of this? in that society? guest: you're going to share your pictures on instagram and they're going to move down on your feed and they're gone basically. they're in your phone, you're not going to look back at it ever again. that photo, if you choose to keep it, will -- cory: will you let me keep it? guest: it will live with you, whether you put it on your fridge or apartment, it will mean something. it will mean even more if you took that photo of somebody you cared about. basically it's just this idea of taking meaningful photos that you care about. you have limitations. the film isn't free. it encourages you to take photos that matter to you.
the phone kind of lets you make mistakes, lets you take photos of food and everything and put it on instagram and do it. as impossible project we really -- cory: you think no one's going take an instant picture of soup? guest: i don't think so. there's nothing wrong with that. but if somebody really loves soup, maybe they would. at the end of the day it has to mean something to you. cory: interestingly, while you went to try to revive this old technology, you had to do a completely new way, a new chemical process and kinds of film. guest: yeah. we had to start from scratch. we bought the building. some of them were scrap and some of them aren't allowed to be used now. we had to reinvent it. a startup with two factories. cory: that process gives you film that doesn't have batteries. guest: right.
we can move those. cory: you launch today, how much does it cost? guest: $299 and the launching on may 10 on improbableproject.com. cory: it's a really interesting concept to think about. oskar, thank you very much. emily, cool stuff, don't you think? emily: very cool. cory johnson, our editor at large, representing at the bloomberg business week design conference here in san francisco. thanks so much. it is time now to find out who is having the best day ever and today's big winner is charter communications c.e.o. tom rutledge. the appearing more and more likely that charter communications merger with time warner cable will make clearance. if approved, the merger would quadruple charter's cable subscribers and create the second largest cable provider in
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