Two members of Warner Bros. Discovery's board of directors are stepping down after the U.S. Department of Justice expressed concerns over a possible antitrust violation. The media conglomerate said Monday that Steven A. Miron and Steven O. Newhouse resigned after the DOJ notified them of a probe into whether their service violated Section 8 of the Clayton Antitrust Act.
“In enacting Section 8 of the Clayton Act, Congress was concerned that competitors who shared directors would compete less vigorously to provide better services and lower prices,' Deputy Assistant Atty. Gen. Michael Kades of the Justice Department’s antitrust division said in a statement. Miron and Newhouse were each appointed to the Warner Bros. Discovery board following the the merger between Discovery Inc. and WarnerMedia on April 8, 2022. Their terms were scheduled to expire in 2025.
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