Newhouse Family Members Resign from Warner Bros. Discovery Board Amid DOJ Antitrust Investigation

Steven Newhouse and Steve Miron step down following DOJ probe into potential Clayton Act violations, impacting board dynamics.

Steven Newhouse and Steve Miron resigned from Warner Bros. Discovery's board after the DOJ launched an investigation into potential violations of the Clayton Antitrust Act.
Their resignations lead to the board's decision to reduce its size from 13 to 11 members.
Both Newhouse and Miron have been long-standing members of the board, contributing significantly to the company's growth and strategy.
The Newhouse family, which includes the resigning members, holds about 8.1% of Warner Bros. Discovery's outstanding shares.
The resignations come amid concerns over the changing dynamics of competition in the entertainment industry.