Liberty Media CEO Greg Maffei steps down, Charter acquires Liberty Broadband

November 13, 2024 at 6:24 am

Liberty Media CEO Greg Maffei will step down from his position at the end of the year. Liberty Media Chairman John Malone will then assume the role of interim CEO, while Maffei will serve as senior advisor to support the management transition starting January 1.

“On behalf of the Liberty Media Board of Directors, I would like to thank Greg for his leadership, creativity and commitment,” Malone said in a press release. “I wish Greg continued success as he begins his next chapter and appreciate his continued support as an advisor.”

In related corporate news, Charter Communications has reached an agreement to acquire Liberty Broadband in an all-stock transaction.

More to come…