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Greg Maffei, the CEO of Liberty Media, will step down from his position at the end of the time.
Photo by Bryn Lennon- Formula 1/Formula 1 via Getty Images

Next month, Liberty Media will be under new management.
After almost 20 times in the position, the company has announced that CEO Greg Maffei will step down as CEO when his contract expires at the end of the year. In order to find a permanent alternative, liberal president John Malone did serve as the time CEO. He will collaborate strongly with the board of directors.
Maffei, who will get a senior advisor position starting Jan. 1 to help management transition, may be chairman of Qurate Retail, Liberty TripAdvisor, Tripadvisor and SiriusXM and keep on as a director of Charter Communications, Live Nation Entertainment and Zillow.
Maffei, 64, was at the helm during major growth to Liberty Media’s entertainment and sports assets, which include acquiring the Atlanta Braves ( 2007 ) and Formula One ( 2016 ). The Braves have since been converted into their own publicly traded company, whereas Formula One was eventually converted into a recording property.

The media coincides with Liberty’s plans to merge its largest resources, aside from Formula One, into a separate, publicly traded company called Liberty Live.
Liberty Live did hang 69.6 million shares of Live Nation Entertainment, Quint and other personal property, the firm says. Once the deal is complete, Liberty likely keep its ownership of MotoGP and the Formula One.
Liberty’s Investor Day is set to take place Thursday in New York City.

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