The pioneering media mogul John Malone is stepping aside from the empire he created.

Malone announced Wednesday that he is stepping down as chairman of his holding companies Liberty Media and Liberty Global , effectively capping off a half-century plus career that helped create and define the modern media and telecommunications business.

Malone will shift to a new role as chairman emeritus of his companies beginning on Jan. 1. Liberty vice chairman Robert R. (“Dob”) Bennett will become chairman of Liberty Media.

The pioneering media mogul John Malone is stepping aside from the empire he created.

Malone announced Wednesday that he is stepping down as chairman of his holding companies Liberty Media and Liberty Global , effectively capping off a half-century plus career that h

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