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John Malone Named Chair Emeritus of Warner Bros. Discovery
John Malone has stepped down from the board of Warner Bros. Discovery and will take on an emeritus role.
John Malone, the shrewd and far-sighted media mogul and key ally of David Zaslav, has decided not to stand for re-election to Warner Bros. In a release announcing Malone’s move, the company said that he will continue to regularly attend board meetings, as well as offer “strategic counsel.” He will be less involved, however, in the day-to-day oversight of the business. Malone was a major stakeholder in the cable company, which maneuvered to join forces with the far-larger WarnerMedia after AT&T sought to disentangle itself from Hollywood following its short ownership of the film and television studio.
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