John Malone Stepping Down From DirecTV Board To Satisfy FCC

DirecTV dish

Photo: Scripting News via Flickr

Update: The news is that John Malone will step down from DirecTV’s board and will trade in Class B stock for Class A stock, reducing his voting interest in DirecTV to 3% from 24.3%. This is expected to satisfy a FCC condition. No big deal.Earlier: DirecTV stock trading has been halted (after-hours) pending news, CNBC passes along. We’ll update once we know what’s going on.

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