WBD Board Resignations Follow Clayton Act Concerns, DOJ Says

The resignations of Warner Bros. Discovery board members Steven Miron and Steven Newhouse (see 2404010068) follow the DOJ's Antitrust Division's concern that the two also serving on the Charter Communications board violated Section 8 of the Clayton Act, Justice said Monday. DOJ said Charter's Spectrum cable service and WBD's Max's streaming service are both video distributors. The Clayton Act's Section 8 bars people from serving simultaneously on the boards of competitors. Miron and Newhouse were Advance Publications designees on both boards, it said. Justice "will continue to vigorously enforce the antitrust laws when necessary to address overreach by corporations and their designated agents," Deputy Assistant Attorney General Michael Kades said.