Greg Maffei, the CEO of Liberty Media Corp., will be stepping down at the end of this year after leading the company for 19 years. During his tenure, Maffei played a crucial role in acquiring and investing in various high-profile businesses, such as the Atlanta Braves, DirecTV, SiriusXM, Live Nation Entertainment, and Formula 1.

Maffei's leadership has helped the company expand its portfolio and establish a strong presence in the media, sports, and telecommunications sectors. At 64 years old, Maffei was seen as a potential successor to John Malone, the 83-year-old chairman who is a key figure in the cable television industry.

This transition marks a significant moment for Liberty Media, as Maffei's leadership has helped the company expand its portfolio and establish a strong presence in the media, sports, and telecommunications sectors.