John Malone, the board chairman of Liberty Media Corporation, will step down from his position and transition to chairman emeritus starting in 2026. Malone expressed gratitude for his time at Liberty Media, stating that it has been one of the most rewarding experiences of his career.

Robert R. Bennett, Liberty’s current vice chairman, will succeed Malone as chairman. Despite stepping back from certain responsibilities, Malone will continue to be actively involved in the company as a major shareholder and strategic advisor.

Malone, who has been a key figure in Liberty Media’s history, will maintain a significant ownership stake in the company. He will also hold the role of chairman emeritus at Warner Bros. Discovery and other entities within the Liberty Media group.

Robert R. Bennett, who has been vice chairman since 2025, will take over as chairman. Bennett has a long history with Liberty Media, having been a director since 1994 and serving in various executive roles over the years.

Following Malone’s transition, the Liberty Media board will consist of eight directors, with a majority being independent. The upcoming period includes the release of third-quarter earnings, an annual investor meeting, and a special stockholder meeting to vote on the proposed separation of Liberty Live Group into a new public company, Liberty Live Holdings, Inc.

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