It was the bar mitzvah that John Malone never thought he’d have. The renowned cable mogul was feted Wednesday night by the UJA-Federation of New York, which bestowed on Malone its Steven J. Ross Humanitarian Award as part of its annual Leadership Awards dinner. The event raised a record $2.5 million for the Jewish community service and philanthropy org as it brought out a who’s who of the cable and New York business community. Notables who came out to Cipriani...
The 81-year-old Malone was a big supporter of Discovery’s merger with AT&T’s entertainment assets to create Warner Bros. Discovery, even though he owns less than 1% of the combined company, down from his 4% stake in Discovery. However, he does have a seat on the board, and his wishes appear to be coming true. Prior to the merger, the multibillionaire cable pioneer, who once sat on the board of libertarian think tank the Cato Institute, had said its CNN division needed to return to the type of journalism it used to practice. Post-merger, the cable news net has undergone major changes that many believe constitute a shift to the center, including the departures of several anchors reputed to be left-leaning. But Malone has insisted he wasn’t directly involved, although he does want the network to be “more centrist.”