Liberty Media Corporation today announced that Derek Chang will become its new President and CEO, effective February 1, 2025. Until then, John Malone, Chairman of Liberty Media, will serve as interim CEO.
Mr. Chang brings a wealth of experience as a veteran executive in the global media, sports, and entertainment industries. Over his distinguished career, he has led operational, corporate development, and investment teams at prominent organizations, including EverPass Media, the NBA, DIRECTV, Scripps Networks Interactive, Charter Communications, and TCI Communications. Since joining the Liberty Media Board in March 2021, Mr. Chang has gained a deep understanding of the company’s operating businesses and corporate history.
“I am thrilled to welcome Derek as the CEO of Liberty Media. His expertise in both operating and investment roles, extensive understanding of our industries, and familiarity with Liberty make him the ideal leader for Liberty’s next chapter,” said John Malone, Liberty Media Chairman. “Personally, I have worked with Derek for over 25 years and am consistently impressed by his leadership style, breadth of expertise, and global perspective. I look forward to supporting him and the Liberty management team as they continue to drive shareholder value.”
Mr. Chang expressed enthusiasm for the role, stating, “I have had the privilege of working with John Malone and the Liberty team for many years during my time at TCI and DIRECTV, and later as a board member of Starz and Liberty. I have long admired their track record of value creation for investors and partners. Our current focus is clear: optimizing the portfolio structure with the split-off of Liberty Live and supporting the growth of our attractive operating assets, including F1 and MotoGP post-acquisition, to continue their momentum and invest for the future. Looking further, Liberty has always been long-term-minded in its investment mandate yet nimble to move quickly on new opportunities. Both of these things will remain true in our strategy going forward.”
Mr. Chang will join the Liberty Media Board’s Executive Committee alongside John Malone, Vice Chairman Dob Bennett, and Chase Carey in his new role. Stefano Domenicali, President & CEO of Formula 1, will report to a committee comprising Mr. Bennett, Mr. Carey, and Mr. Chang.
Most recently, Mr. Chang served as Executive Chairman of EverPass Media, a joint venture he co-founded with Alex Kaplan in partnership with the NFL and RedBird Capital Partners. The venture later secured an investment from TKO to create a new platform for distributing premium sports content to commercial establishments. Mr. Chang will step down as Executive Chairman but remain on the Board of EverPass Media as he transitions to his new role at Liberty Media.
From 2018 to 2020, Derek Chang was the CEO of NBA China, where he expanded the league’s presence as the leading foreign sports entity in the region, overseeing a staff of 200 across offices in Beijing, Shanghai, Taipei, and Hong Kong. Before that, he held various leadership roles at Scripps Networks Interactive, including Head of International Lifestyle Channels, operating from Singapore and London. Earlier in his career, he spent seven years at DIRECTV as EVP of Content Strategy and Development, overseeing content acquisition and production.
At Charter Communications, Derek Chang served as EVP of Finance & Strategy and Interim Co-CFO, managing investor relations and corporate strategic activities. He has also held senior roles with the YES Network and TCI Communications. Mr. Chang’s educational background includes an MBA from Stanford University and a bachelor’s degree in history from Yale University.
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His accolades include being named one of Cablefax Magazine’s “Top 100 Executives in Cable” and one of the “50 Most Influential People in Sports Business” by SportsBusiness Journal. Mr. Chang is a member of the Committee of 100 (“C100”), a prominent Chinese American organization, and serves on the Advisory Board of Row New York.
With his appointment, Liberty Media signals its commitment to leveraging Mr. Chang’s vast expertise and leadership to guide the company into its next phase of growth and innovation.
