Steven Miron and Steven Newhouse have resigned from the Warner Bros. Discovery board following an investigation by the Justice Department into potential violations of Section 8 of the Clayton Antitrust Act. Both individuals were independent directors of Warner Bros. Discovery, with Miron serving as CEO of Advance/Newhouse Partnership and Newhouse as co-president of Advance.
The resignations of Miron and Newhouse are effective immediately, prompting the board to reduce its size from 13 to 11 directors. The Justice Department targeted them due to their dual roles on the boards of Warner Bros. Discovery and Charter Communications, raising concerns about potential conflicts of interest.
