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14h ago

John Malone to Step Down as Liberty Media Chairman Effective Jan. 1, 2026, With Robert R. Bennett Succeeding

He will remain a large shareholder serving as a strategic advisor.

John Malone reached the highest echelons of the global media business when he sold his vast TCI cable group to AT&T in 1999 in a $48 billion deal
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Overview

  • Effective Jan. 1, 2026, Malone will transition to chairman emeritus at Liberty Media.
  • Vice Chairman Robert R. “Dob” Bennett will become board chair after a 35-year partnership with Malone.
  • Malone said recent portfolio simplification and strong operating positions informed his decision to step back.
  • As of Aug. 31, he held roughly 49–50% of the voting power in Formula One and Liberty Live tracking stocks and plans to stay actively involved.
  • The announcement caps a five-decade run that included founding Liberty Media in 1991 and stewarding assets such as Formula One and Liberty Global, following his earlier move to chair emeritus at Warner Bros. Discovery this year.