Liberty Media CEO Greg Maffei to Step Down, John Malone Named Interim Successor

Maffei's departure coincides with Liberty Media's strategic spin-off of entertainment assets and Charter's acquisition of Liberty Broadband.

Greg Maffei will leave his role as CEO of Liberty Media at the end of 2024, transitioning to a senior advisor position to support management changes.
Liberty Media plans to spin off its entertainment assets, excluding Formula One, into a new publicly traded entity called Liberty Live.
John Malone, Liberty Media's chairman, will serve as interim CEO following Maffei's departure, emphasizing a streamlined corporate structure.
Charter Communications will acquire Liberty Broadband in an all-stock transaction, simplifying Malone's media and broadband holdings.
Maffei's leadership saw significant growth and strategic acquisitions, including the purchase of Formula One and MotoGP, enhancing Liberty's sports portfolio.