Overview

• Steven Newhouse and Steve Miron resigned from Warner Bros. Discovery's board after the DOJ launched an investigation into potential violations of the Clayton Antitrust Act.
• Their resignations lead to the board's decision to reduce its size from 13 to 11 members.
• Both Newhouse and Miron have been long-standing members of the board, contributing significantly to the company's growth and strategy.
• The Newhouse family, which includes the resigning members, holds about 8.1% of Warner Bros. Discovery's outstanding shares.
• The resignations come amid concerns over the changing dynamics of competition in the entertainment industry.