Cable Cowboy rides off: John Malone steps down as Liberty Media chairman

**Summary:**Liberty Media's legendary chair, John Malone, the cable cowboy, is stepping down after over three decades, transitioning to chairman emeritus. Robert Bennett, currently vice chair, will take over as CEO. Malone's departure has caused a dip in Liberty Media's stock, but it's still up significantly this year. Despite stepping back, Malone will remain a major shareholder and strategic advisor, and has released a new book about his career. Bennett, a long-time Liberty Media member, is now at the helm of a diverse portfolio including sports, media, and event businesses.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.