The Justice Department announced today that two directors of Warner Bros. Discovery Inc. (WBD) have resigned from the WBD board after the Antitrust Division expressed concerns that their positions on both the WBD and Charter Communications Inc. boards violated Section 8 of the Clayton Act (Section 8).

"In enacting Section 8 of the Clayton Act, Congress was concerned that competitors who shared directors would compete less vigorously to provide better services and lower prices. We will continue to vigorously enforce the antitrust laws when necessary to address overreach by corporations and their designated agents," said Deputy Assistant Attorney General Michael Kades of the Justice Department’s Antitrust Division.

Representatives of the privately-held media company Advance Publications Inc. (Advance) had designees on both Charter’s and WBD’s boards of directors. This led to the Justice Department expressing concerns about potential violations of antitrust laws.

WBD is a Delaware multimedia corporation headquartered in New York, while Charter is a Delaware telecommunications and media company headquartered in Stamford, Connecticut. Both companies provide video distribution services to customers through their respective services.

The resignations of the two directors from Warner Bros. Discovery Inc. come as a response to the concerns raised by the Justice Department, reflecting the importance of compliance with antitrust regulations.

Anyone with information about potential violations of antitrust laws is encouraged to contact the Antitrust Division’s Citizen Complaint Center at 1-888-647-3258 or antitrust.complaints@usdoj.gov.