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American Focus > Blog > Entertainment > John Malone’s Liberty Broadband Loses Board Seats
Entertainment

John Malone’s Liberty Broadband Loses Board Seats

Last updated: May 16, 2025 7:15 am
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John Malone’s Liberty Broadband Loses Board Seats
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John Malone, known as the “cable cowboy,” has been a significant figure in the cable business for many years. His holding company, Liberty Broadband, was set to benefit from the $34.5 billion deal for Charter Communications to acquire and merge with Cox Communications. However, after the deal closes, Liberty Broadband will not be a direct shareholder in the newly combined company and will not have seats on the board.

In November 2024, Charter announced its acquisition of Liberty Broadband, which currently holds a 26% stake in Charter. The fair value of Liberty Broadband’s investment in Charter was approximately $15.5 billion as of December 31, 2024, as reported in SEC filings.

Charter expects the merger with Cox to be completed simultaneously with the Liberty Broadband merger. This means that Liberty Broadband will no longer be a direct shareholder in Charter, and the three current Liberty Broadband nominees on Charter’s board will resign at closing. The Newhouse family will maintain their investment in the combined entity and have board representation.

The Liberty Global-designated directors on Charter’s board include Balan Nair, Martin Patterson, and J. David Wargo. However, Greg Maffei and James Meyer will not stand for reelection to the board.

John Malone retired from the Charter board in 2018 but continued to serve as a “director emeritus” until April 2024. At that time, he announced that he was relinquishing this role due to concerns about potential violations of the Clayton Act, an antitrust law. Malone has since stepped down from the board of Warner Bros. Discovery to assume the role of “chair emeritus.”

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Despite giving up the board seats at Charter, Malone remains heavily invested in the company through Liberty Broadband. He expressed confidence in Charter’s leadership team and business strategy, emphasizing his ongoing support for the company.

This reshuffling of roles and responsibilities within Charter Communications and Liberty Broadband marks a significant transition for John Malone and his involvement in the cable industry. His strategic moves and investments have shaped the landscape of cable business for decades, and his decisions continue to impact the industry today.

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