By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Global NewsphereGlobal Newsphere
  • International
  • Sports
  • Business
  • Entertainment
  • Politics
  • Travel
Reading: Media titan John Malone to leave WBD board, become chair emeritus
Notification Show More
Global NewsphereGlobal Newsphere
  • International
  • Sports
  • Business
  • Entertainment
  • Politics
  • Travel
© 2025 All Rights reserved | Powered by Globalnewsphere
Global Newsphere > Entertainment > Media titan John Malone to leave WBD board, become chair emeritus
Media titan John Malone to leave WBD board, become chair emeritus
Entertainment

Media titan John Malone to leave WBD board, become chair emeritus

April 12, 2025 3 Min Read
Share
SHARE

Billionaire media veteran John Malone will not be reelected on the Warner Bros Discovery (WBD) board and will be Chairperson’s honor after his term ends on June 2, the date of the annual shareholders’ meeting.

Malone, 84, will continue to attend committee meetings and provide strategic advice. As of 2024, financial data provider LSEG said it owns around 0.8% of its WBD shares.

The chairman of Liberty Media, considered one of the sharpest minds of the media strategy, supported David Zaslav in a $43 billion merger of Warnermedia and Discovery, which was closed in April 2022 and created WBD, with Zaslav as CEO.

However, the company’s stock price has plummeted since the merger, currently below $8, a 25% drop from the start of the year and a 67% decline since the end of the merger, with the stock price at about $24.

Zaslav has suffered from the heavy debt load that has led to layoffs over the past two years. Building streaming operations is a key mission, reflecting the priorities of other media giants, with some of the business making profits in recent quarters. Zaslav and his team are targeting the largest global subscriber at 150m by the end of 2026.

Last December, acknowledging that the decline in linear television is hampering growth, the company said it would split into two by mid-2025, separating linear, streaming and studio operations.

Malone is confident that WBD is “on the right path” and looks forward to his new role in “helping shape the growth trajectory as the company evaluates key strategic and structural opportunities first.”

See also  WestEnd boards ‘The Highway That Eats People’ directed by Mary Harron

The WBD intends to nominate Anton Levy for election to the board in the summer, with the number remaining on 13 directors, of which 12 will become independent.

In a proxy application Friday, WBD said Zaslav’s annual compensation increased by about 4% in 2024, an increase of $51.9 million.

(tagstotranslate) Finance

You Might Also Like

“AI should be a tool for liberation”: Cannes UK pavilion to dig into the thorny AI in filmmaking debate

Apple, ‘F1’, ‘Top Gun: Maverick’ filmmakers to reunite on UFO project

Netflix France challenges current French windowing system in open letter

FilmSharks’ The Remake Co. strikes deals on ‘Ten Days Without Mom’, ‘Morgue’

‘Mickey 17’ dethrones ‘Bridget Jones 4’ to top UK-Ireland box office

TAGGED:EntertainmentMust read USWarner Bros.
Share This Article
Facebook Twitter Email Copy Link
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

What to Know About Trump’s 2025 Travel Ban
What to Know About Trump’s 2025 Travel Ban
Travel
Buyers swing for Serbian epic ‘Sword Of Vengeance’
Buyers swing for Serbian epic ‘Sword Of Vengeance’
Entertainment
The Epoch Times
USCIS Rescinds Policy to Allow More Restrictions on ‘Stateless’ Persons
Politics
More than 1.5 million foreign pilgrims are in Saudi Arabia for Hajj
More than 1.5 million foreign pilgrims are in Saudi Arabia for Hajj
International
Live fallout as Musk accuses Trump of appearing in Epstein files
Live fallout as Musk accuses Trump of appearing in Epstein files
International
Russell Westbrook Receives ‘Historic’ Overseas Contract Offer Amid Uncertain Future with Nuggets
Russell Westbrook Receives ‘Historic’ Overseas Contract Offer Amid Uncertain Future with Nuggets
Sports

About Us

Welcome to Global Newsphere, your trusted source for breaking news and insightful analysis from around the world. Our mission is to keep you informed with accurate, timely, and well-researched news that matters.

Legal Pages

  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service

Trending News

Flight cancellations at Germany's Hamburg Airport affect more than 40,000 passengers after strike

Flight cancellations at Germany's Hamburg Airport affect more than 40,000 passengers after strike

The Epoch Times

Noem Taps New Leadership at ICE, Moves to Identify Leakers Within DHS

If You Don’t Have a Real ID by May 7, Can You Still Fly?

If You Don’t Have a Real ID by May 7, Can You Still Fly?

Flight cancellations at Germany's Hamburg Airport affect more than 40,000 passengers after strike
Flight cancellations at Germany's Hamburg Airport affect more than 40,000 passengers after strike
March 10, 2025
The Epoch Times
Noem Taps New Leadership at ICE, Moves to Identify Leakers Within DHS
March 10, 2025
If You Don’t Have a Real ID by May 7, Can You Still Fly?
If You Don’t Have a Real ID by May 7, Can You Still Fly?
March 10, 2025
The Epoch Times
Trump Rebukes Former Australian PM For Claiming CCP Leader More ‘Respectful’
March 10, 2025
© 2025 All Rights reserved | Powered by Globalnewsphere
Welcome Back!

Sign in to your account

Lost your password?