Democratic members of Congress and the Obama administration have extensive ties to Comcast and Time-Warner, the two cable giants currently awaiting approval from the Federal Communications Commission on a $45 billion merger.
One that has gone mostly overlooked: Senate Majority Leader Harry Reid’s (D., Nev.) chief of staff, David Krone, is Comcast’s former senior vice president for corporate affairs.
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Krone moved from Comcast to Reid’s office in 2011 under ethically questionable circumstances, TalkingPointsMemo reported at the time:
Majority Leader Harry Reid's chief of staff, David Krone, left a highly lucrative gig at Comcast before working for the Senator. As part of his exit from the company, he's collected $1.2 million in additional payment since taking his job with Reid.
[…] Krone's $1.2 million stem from a severance arrangement in which Comcast purchased his house at above-market value when he left to cover any losses he would have incurred in moving to take a job with the cable giant. When the house was resold by the company at a much lower price, Krone listed the difference as "condo reimbursement" in his financial disclosure forms.
Prior to his stint at Comcast, Krone worked for the National Cable and Telecommunications Association.