John Malone Steps Down From Charter Communications Role Due to Concern Over Antitrust Law [Yahoo! Finance]
Liberty Media Corporation - Series A Liberty SiriusXM (LSXMA)
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Source: Yahoo! Finance
In a statement shared with Cablemax , he cited “the uncertainty around Clayton Act inquiries,” a 1914 antitrust law that also prompted the resignations earlier this month of Steven A. Miron and Steven O. Newhouse at Warner Bros. Discovery In his resignation statement, Malone added, “I remain heavily invested in Charter via Liberty Broadband — which maintains its three board seats — and am confident in Charter's leadership team and strategy for the business.” Malone had been a director emeritus at Charter since 2018 when he retired as Charter's full-time director. He retains his seat on the board of his holding company Liberty Media, where is he chairman, as well as on the WBD board. The former WBD execs' exit came after the Department of Justice notified them that it was investigating whether their service violated the 110-year-old provision that prohibits directors and officers from serving on the boards of competitors at the same time. When they both opted to step down, Dep
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Sec Filings
- 5/2/24 - Form 8-K
- 5/1/24 - Form 4
- 5/1/24 - Form SC
- LSXMA's page on the SEC website