John Malone, a seasoned media executive, will be resigning as chairman of the board at Liberty Media and Liberty Global, both of which own assets like Formula One auto racing, effective January 1, 2026. Malone had previously given up board positions at Warner Bros. Discovery and Lionsgate. The 84-year-old will transition to the role of chairman emeritus at Liberty Media, while Vice Chairman Robert Bennett will take over as chairman of the board.

In a statement, Malone mentioned, “With the successful simplification of our portfolio in recent years and our operating businesses in positions of strength, I believe it is an appropriate time to step back from certain of my obligations.” Following Malone’s departure, the board will consist of eight directors, with five being independent. The executive committee will include Dob Bennett, Derek Chang, and Chase Carey, former CEO of 20th Century Fox.

Recently, Formula One announced a five-year partnership with Apple to exclusively stream all F1 races on the Apple TV subscription service in the United States starting next year. Additionally, the platform will stream the movie “F1: The Movie,” starring Brad Pitt, on December 12.

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