Goldman Sachs expects Nvidia ’beat and raise,’ lifts price target to $240
Investing.com -- John Malone, the 84-year-old media and telecoms mogul known as the "cable cowboy," is stepping down as chair of Liberty Media and Liberty Global, marking the end of a 50-year career that transformed both industries.
The announcement is expected as early as Wednesday, according to a report from the Financial Times, citing sources familiar with the matter. Liberty Media owns Formula 1 racing, while Liberty Global controls telecoms operator Virgin Media O2.
Despite stepping away from his leadership roles, Malone will continue managing his personal venture capital investments and maintain his ownership stake in the Atlanta Braves baseball team.
Malone’s departure concludes five decades of influential dealmaking that reshaped the media and telecommunications landscape.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.