Warner Bros. Directors Miron and Newhouse Step Down Following Antitrust Investigation

Warner Bros. Directors Miron and Newhouse Step Down Following Antitrust Investigation

Check out ⁣the stunning exterior‍ of the Warner Bros. Discovery Atlanta⁣ campus, captured amidst the Writers​ Guild of America strike against the‌ Alliance of⁢ Motion ⁣Pictures and Television ⁤Producers in Atlanta, Georgia on May ‌2, 2023. The image, taken by Alyssa Pointer, showcases the‍ grandeur of⁤ the campus.

Exciting news has emerged⁣ as two Warner Bros. Discovery directors, Steven Miron and Steven Newhouse,⁤ have announced their resignation. This decision comes in the wake of a U.S. Department of Justice investigation into a potential antitrust ‌violation. The ​company’s official release​ on Monday⁢ confirmed the departure of⁢ Miron and Newhouse.

Both directors were ⁤appointed in ‍April 2022 ​as part of the WarnerMedia and Discovery merger. The investigation revolves around their involvement on the board⁣ and whether it breaches Section⁤ 8⁢ of the Clayton Antitrust Act, which prohibits simultaneous service on​ the boards ‍of‍ competing companies.

Miron, the CEO of Advance/Newhouse Partnership, and a senior executive ‌officer⁢ at Advance, is under scrutiny due to his affiliations with​ media investments.

2024-04-01⁢ 17:04:16
Source from www.cnbc.com

Exit mobile version