Posted 4/1/2024, 11:29:05 PM
Warner Bros. Discovery Board Members Resign Amid DOJ Antitrust Probe Over Charter Communications Ties
- Two Warner Bros. Discovery board members, Steven A. Miron and Steven O. Newhouse, resigned amid a DOJ antitrust investigation
- The DOJ expressed concern about a possible violation of the Clayton Antitrust Act due to their concurrent board seats at Charter Communications
- Miron and Newhouse were appointed after the WarnerMedia/Discovery merger and set to serve until 2025
- Miron is CEO of Advance/Newhouse Partnership media company and a senior executive at Advance
- The Warner Bros. Discovery board will shrink from 13 to 11 members and does not plan to replace the two who resigned