Key Points
Discovery Inc. said Steven Newhouse and Steven Miron left its board of directors after learning that the US Justice Department was investigating whether their service violated antitrust law..
Newhouse, whose family business is the second-largest holder of Warner Bros. stock, was a member of the boards nominating and governance committee, according to a filing Monday..
Miron, who is also affiliated with the Newhouse family business, was a member of the compensation committee. ..
The crackdown on simultaneous directorships had led to resignations at several companies before the Warner Bros. announcement, including Nextdoor Holdings Inc., Sun Country Airlines Holdings Inc. and elsewhere..
Both former Warner Bros. directors are officers at the closely held media company Advance/Newhouse Partnership, which holds an 8.1% stake in Warner Bros., parent of the Warner Bros. film studio and cable channels including HBO, according to company filings..
