Steven O. Newhouse, Steven A. Miron Resign From Warner Bros. Discovery Board Amid DOJ Probe
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deadline.comWarner Bros. Discovery said today that directors Steven A. Miron and Steven O. Newhouse, both of have both notified the board that they have resigned after the U.S.
Department of Justice informed them that it was investigating whether their service on the company’s board of directors violated Section 8 of the Clayton Antitrust Act on overlapping boards.
That section prohibits directors and officers from serving simultaneously on the boards of competitors, subject to limited exceptions.
Newhouse is co-president of Advance, Miron is CEO of Advance/Newhouse Partnership, privately held by the Newhouse family. The family owns about 8% of WBD stock through its previous holding in Discovery.
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