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Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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Steven O. Newhouse, Steven A. Miron Resign From Warner Bros. Discovery Board Amid DOJ Probe
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deadline.com
deadline.comWarner Bros. Discovery said today that directors Steven A. Miron and Steven O. Newhouse, both of have both notified the board that they have resigned after the U.S.
Department of Justice informed them that it was investigating whether their service on the company’s board of directors violated Section 8 of the Clayton Antitrust Act on overlapping boards.
That section prohibits directors and officers from serving simultaneously on the boards of competitors, subject to limited exceptions.
Newhouse is co-president of Advance, Miron is CEO of Advance/Newhouse Partnership, privately held by the Newhouse family. The family owns about 8% of WBD stock through its previous holding in Discovery.
Read more on deadline.com
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