Dr. John C. Malone Takes on Chair Emeritus Role at Warner Bros. Discovery

On April 11, 2025, Warner Bros. Discovery, Inc. made an important announcement regarding the future of its board leadership. Dr. John C. Malone, a prominent figure in the media landscape, has chosen not to stand for re-election to the Board of Directors. Instead, he will move into the distinguished position of Chair Emeritus, effective after the completion of his term during the upcoming Annual Meeting of Stockholders.

In his new role as Chair Emeritus, Dr. Malone will maintain an active presence in the boardroom, continuing to provide valuable strategic counsel and support to both the board and the company's management. His contributions to the organization throughout his tenure have been transformative, and his insights are expected to shape the future direction of Warner Bros. Discovery.

David Zaslav, the President and Chief Executive Officer of Warner Bros. Discovery, expressed deep gratitude for Malone’s invaluable contributions during his time on the board. Zaslav stated, "John possesses one of the most brilliant strategic minds our industry has ever known. His exceptional insights and visionary perspective on the global media landscape and its future have been invaluable...The partnership and friendship we've built over more than 30 years has been one of the true joys of my career, and I'm looking forward to continuing this journey with John in this new role."

Dr. Malone has played a critical role in guiding Warner Bros. Discovery through complex challenges and opportunities, leveraging his extensive experience to steer the company during pivotal transitions, including the significant merger that defined the current media era. He acknowledges the progress made by the board and management team, emphasizing their efforts to enhance the company’s resilience, accelerate agility, and position it for profitable growth in a competitive market.

In his statement, Malone shared, "It has been a privilege to serve on the Warner Bros. Discovery Board and work alongside David and his exceptional team to help guide the company through an industry-defining merger and its ongoing transformation. I am confident Warner Bros. Discovery is on the right path and I look forward to remaining actively involved, not only as a significant stockholder, but in this important role helping to shape the growth trajectory as the company evaluates important strategic and structural opportunities ahead."

The announcement also noted that Warner Bros. Discovery is planning to nominate Anton Levy for election by stockholders during the Annual Meeting, which follows Malone’s decision not to seek re-election. After these changes, the board will consist of 13 directors, maintaining 12 of them as independent members.

This transition not only represents a significant change for Malone but also reflects the dynamic nature of leadership within Warner Bros. Discovery. The company continues to navigate the evolving media landscape with confidence, backed by the remarkable expertise and vision of figures like Malone.

For more information on the upcoming Annual Meeting and to learn about the company’s strategic initiatives, further details can be found in the proxy statement filed with the SEC. Warner Bros. Discovery stands as a leading global media and entertainment powerhouse, delivering a comprehensive portfolio of iconic brands and content to audiences around the world.

About Warner Bros. Discovery

Warner Bros. Discovery is a global leader in media and entertainment, producing and distributing a vast range of branded content across television, film, streaming, and gaming platforms. With operations extending to over 220 countries and territories and available in 50 languages, the company is committed to inspiring, informing, and entertaining a global audience through distinguished brands such as Discovery Channel, Max, CNN, HBO, and many more.

For more information, visit www.wbd.com.