John Malone Says Next Iteration of Liberty “May Not Be In the Media Business” as He Forecasts Moves
John Malone has never been afraid to shake up his businesses. The media and telecom mogul owns a slew of companies and stakes in companies, spanning Warner Bros. Discovery and Charter Communications to Live Nation and Formula 1.
But the moves he has made this week, to dramatically simplify his holdings into separate stocks, merge Charter and Liberty Broadband, and see the exit of longtime CEO Greg Maffei with Malone taking the helm on an interim basis, is far more than a typical management change.
Malone raised eyebrows Thursday in a live interview on CNBC, where he said quite openly that his role as CEO of Liberty Media would be “transitional.”
“At 83 years old, going on 84, I am unlikely to be a highly active CEO,” he told CNBC’s David Faber. Rather, he is focused on finding an operational CEO that can run the holding company, and restructuring the board...
But the moves he has made this week, to dramatically simplify his holdings into separate stocks, merge Charter and Liberty Broadband, and see the exit of longtime CEO Greg Maffei with Malone taking the helm on an interim basis, is far more than a typical management change.
Malone raised eyebrows Thursday in a live interview on CNBC, where he said quite openly that his role as CEO of Liberty Media would be “transitional.”
“At 83 years old, going on 84, I am unlikely to be a highly active CEO,” he told CNBC’s David Faber. Rather, he is focused on finding an operational CEO that can run the holding company, and restructuring the board...
- 11/14/2024
- by Alex Weprin
- The Hollywood Reporter - Movie News
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