John C. Malone to Transition to Chairman Emeritus of Liberty Media Corporation

Liberty Media Corporation announced that John C. Malone, the long-standing Chairman of the Board, will step down from the board of directors and transition to the role of Chairman Emeritus effective January 1, 2026. Robert R. Bennett, the current Vice Chairman, will assume the role of Chairman of the Board. Malone expressed his confidence in Bennett's ability to lead the company, citing their 35-year partnership. Bennett acknowledged Malone's significant contributions and leadership. The Board will be reduced to eight directors, with five being independent. The Executive Committee will consist of Bennett, Derek Chang, and Chase Carey. Malone will continue to be actively engaged as a large shareholder and strategic advisor. The company also announced upcoming events, including a conference call to discuss third-quarter results and the annual Investor Meeting.