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Two Warner Bros. Discovery executives, Steven Miron and Steven Newhouse, have resigned from the Board of Directors after the Department of Justice told them they were under investigation for possible anti-trust violations.
The DOJ said the conflict with respect to Miron and Newhouse serving on both Warner Bros. Discovery’s and Charter’s boards was this: Charter, through its Spectrum cable service, and WBD, including through its Max streaming subscription services, both sell video services to customers. The Justice Department said the antitrust division’s enforcement efforts to date related to Section 8 conflicts have “unwound or prevented interlocks” involving at least two dozen companies.
“We will continue to vigorously enforce the antitrust laws when necessary to address overreach by corporations and their designated agents,” Kades added.
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