Steven Miron and Steven Newhouse resigned from the Warner Bros. Discovery board of directors, effective immediately.
Steven Miron and Steven Newhouse resigned from the Warner Bros. Discovery board, effective immediately, the company said Monday.
The resignation follows a U.S. Department of Justice investigation into whether the pair violated an antitrust clause that prohibits directors from serving simultaneously on the boards of competitors.directors, Steven Miron and Steven Newhouse, are resigning following a U.S.
Miron is the CEO of privately held media company Advance/Newhouse Partnership and a senior executive officer at Advance, which invests in media and technology companies, according to the release. Newhouse is co-president of Advance.Rather than contesting the DOJ matter, the company said both Miron and Newhouse voluntarily elected to resign from their positions, effective immediately. Neither director admitted any violation.
"We are proud to have played a role in the building of this great company and remain a large stockholder. We are disappointed to leave the Board, but wish to do the right thing for WBD," Newhouse said in a statement.
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