Zaslav made a similar remark during an AT&T and Discovery joint news conference in May 2021, describingthe left side of the joint company as everything other than the content.. A continuously updated summary of the news stories that US political commentators are discussing online right now. Yet, we know little about their political views or how that money is being spent. Raising the corporate tax rate is not exactly conducive to growing revenue or earnings," Eberhart said. And even as Zaslav prepped the launch of streaming service Discovery+, which now has 15 million subscribers, he had thoughts about whether to suggest bundling Discovery with Disney, according to a person familiar with talks. The Discovery CEO also was early in laying foundations overseas, where rival media companies are now trying to bulk up. The Bloomberg, Powell Jobsand even Murdoch setups are now bizarrely comforting: At least we know where they stand, and the money is domestic. Were running our business," Zaslav said. I dont see how this ends well. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. [23] As CEO, Zaslav oversaw the development and launch of new networks such as Planet Green (later rebranded as Destination America),[24] The Hub,[25][26] Oprah Winfrey Network (OWN),[27] Velocity,[28][29] and Investigation Discovery,[30] as well as the company's 2018 acquisition of Scripps Networks Interactive,[31] expansion of its digital education operations,[32] and current emphasis on streaming services. We use Email him here: joed@mediaite.com That employee makes $66,689, so it would take them 565 years to equal Zaslavs annual compensation. U.S. President Donald Trump gestures during a roadside stop in Bedminster, New Jersey, U.S., July 26, 2020. (CNBC Screenshot). Yet Zaslav's fight for Scripps created bad blood with then-Viacom chief executive, Bob Bakish, who was significantly outbid on the deal. S. I. Newhouse School of Public Communications, "Discovery Communications 2011 Proxy Filing", "AT&T announces $43 billion deal to merge WarnerMedia with Discovery", "Discovery Chief Got Options Valued at $190 Million on Eve of AT&T Deal", "Discovery Hands CEO David Zaslav Stock Options Valued At $190M In Contract Extension; Sets Base Salary At $3M, Target Bonus At $20M Update", "Compensation Information for David M. Zaslav, President and Chief Executive Officer of DISCOVERY INC", Variety Magazine: "Industry Heavyweights Support Auschwitz 70th Anniversary Commemoration" by Cynthia Littleton, Jewish Business News: "Steven Spielberg And David Zaslav Commemorate Auschwitz Liberation 70th Anniversary", Algemeiner Journal: "Hollywood Heavyweights to Join Spielberg at Auschwitz Commemoration Ceremony in Poland", The Cable Center: "David Zaslav: Oral and Video Collection Interview", "David Zaslav 2004 Oral and Video History", "10 Things You Didn't Know About David Zaslav", "MIPCOM: Discovery CEO David Zaslav Celebrated as Personality of the Year", http://corporate.discovery.com/wp-content/uploads/2015/08/DZ-bio-8.7.15.pdf, "New Chief at Discovery Is 2nd Senior Executive to Leave NBC This Week", "Manhattan Jewish Historical Initiative, 4th Annual Jewish Hall of Fame Class of 2020 | World Liberty TV - Multicultural Online TV", "David Zaslav, President and CEO, Discovery Communications", "Zaslav Holds To Growth Plan At Discovery", "Planet Green Moves Away From Its Eco Theme", "Tuned In: The Hub Network Offers Programs for Younger Children", "Discovery, Winfrey to Team Up On Network", "TCA: Discovery Sets Launch Date For Velocity, Adds Big Names to 'Curiosity', Preps Science Channel's 'Trek Nation', Introduces 'Weed' Team", "Discovery Launches Velocity Channel, Aimed at Rich Men", "Discovery Hopes for Payoff on Crime Channel", "Discovery Closes Scripps Acquisition, Creating Non-scripted Content Giant", "Media Companies, Seeing Profit Slip, Push Into Education (Published 2012)", "Discovery Rebrands Velocity as Motor Trend Network (EXCLUSIVE)", "Discovery completes Scripps deal, targets OTT opportunities", "David Zaslav And John Stankey Outline Plans For Merging Discovery And WarnerMedia, Addressing Future Of Jason Kilar, CNN, Streaming", "Warner Bros. Now he will oversee WarnerMedia. Craig Newmark has donated close to $100 million to journalism schools, content moderation research, new digital media outletsand journalists, as have Reid Hoffman, co-founder of LinkedIn, and big foundations like the Knight Foundation, Heritage Foundation, Open Markets Instituteand Pierre Omidyars Democracy Fund. Zaslav also received $16,800 for a car allowance, $501 for home office expenses, $16,930 for personal security services, and $355,355 for private plane use. "It's the only media company that I've worked with in the last two decades where building a unified global presence was a core part of the strategy," said Joe Ravitch, co-founder of Raine, the media-focused merchant bank. Zaslav didnt clarify in response, and it immediatelywent viral on social media, where users pointed to it as an acknowledgement that CNN leans left politically. "It's clear Team Trump needs to break the glass and pull the fire alarm. But we dont. By subscribing, I agree to the Terms of Use and Privacy Policy. This time, the bulk of Zaslavs compensation came from stock awards ($12.5 million) and non-equity incentive plan compensation ($21.8 million). Only 14.5% of the 412 owners, executives, board members and investors had given to individual candidates, traditional PACs or super PACs from January 2020 to August 2021, as trackedby the FEC. WBD President and CEO David Zaslav spent time with Abrams before the close of the merger earlier this year and is a fan. A Wall Street financial advisory firm recently told their clients they don't expect Biden to lean too far to the left as the policy recommendations put together by allies of Biden and Sen. Bernie Sanders didn't, they say, have many progressive ideas. According to campaignmoney.com, during the 2020 election cycle Zaslav donated $124,250 to the Democratic Congressional Campaign Committee out of his total $253,250 in political donations. It raises the question: Does super PAC funding, often with a hefty and opaque line-item labeled media spend,fund some of these outlets? His well-documented views were notsecret. Henry Kravis and George Roberts, owners of Business Insider and the German news empire Axel Springer and who recently purchased Politico and co-founded KKR Private Equity, collectively gave over $1.2 million. Discovery , or redistributed. Sinai Medical Center. Despite the increased support from CEOs, Biden and the Democratic National Committee outraised their opponents in the second quarter. Zaslav, known for delivering fast yes or nos to business partners, would be able to move ahead with speed. [3][4][5] He previously served as the Chief Executive Officer and president of Discovery, Inc. beginning on November 16, 2006 and ending on April 8, 2022, when it was merged with WarnerMedia. Get our latest storiesin the feed of your favorite networks. The total accounted loss was nearly $25 billion off the company's market cap. Lowe remains on Discovery's board and a personal friend, said a Zaslav friend. Only 60 people in media leadership had donated more than$2,000 to a political candidate since 2019. Last year, Zaslav vowed to take a hands-on role in the operations of CNN. Evans top films might share a weekend with two or three other wannabe hits; Zaslav confronts a mind-bending blur of some 300 services, subscription-based or video on demand, all competing for eyeballs. Get this delivered to your inbox, and more info about our products and services. Zucker and Trump were friends in the 2000s as they teamed up on the wildly popular NBC reality show "The Apprentice," but they became bitter political enemies as Trump took over the Republican Party beginning in 2015 and romped to the White House. James Zelter, co-president and CIO of Apollo Global Management that owns Yahoo News, gave $35,900 to Republicansand $25,200 to Democrats. In a digital age, there are many new ways to influence. Following this, he graduated from Boston University School of Law with a JD with honors in 1985 and started his career as an attorney with LeBoeuf, Lamb, Lieby and MacRae in New York. Those two tend to split viewers, and Fox News is regularly No. You may change or cancel your subscription or trial at any time online. Zaslav spearheaded the transaction between AT&T and Discovery to combine with WarnerMedia and create the combined Warner Bros. Oprah Winfrey is a great example of someone who the world wanted to do business with, but David had an incredible knack for making people want to work with him," said his former boss Tom Rogers, who was president of NBC Cable where Zaslav was head of distribution and new media. Under Zuckers leadership, CNN cultivated an antagonistic relationship with former President Donald Trump and other prominent conservatives. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Story tips can be sent tobrian.flood@fox.comand on Twitter: @briansflood. It is intended to be the backbone of our civilization and functioning governance. A Real Clear Politics polling average shows Biden ahead of Trump by close to 10 points. Powered and implemented by FactSet Digital Solutions. Even his wife, Clare Boothe Luce, herself a Republican member of Congress, chastised him publicly for his relentless coverage in Time of Barry Goldwaters GOP nomination for president. No surprise, Rupert Murdoch and his son Lachlan collectivelygave over $2.5 million, mostly to Republicans. Holiday Haunt. Oracle Chairman Larry Ellison has also been close to the president and was one of the donors advising Trump at the start of the pandemic. JEFF ZUCKERS CNN EXIT: FIERY MEETING, SOMBER CONFERENCE CALL PROVE MANY STAFFERS ALREADY MISS FORMER BOSS, "So youve got a guy whos run it for nine years," Kernen said, referring to Zucker. Discovery in April 2022. Zaslav also oversaw NBCUniversal's interests in A&E, The History Channel, The Biography Channel, National Geographic International, the Sundance Channel and TiVo. But times have changed. The deal is expected to close in the first half of 2022 and Malones comment left many CNN staffers with a sense of uneasiness about the networks future. His backers have praised him for keeping his average cost of content to about $400,000 an hour while his rivals now spend $5 million and more. Market data provided by Factset. [34], In May 2021, it was announced that Zaslav would serve as CEO of a proposed merger of Discovery with a spin-out of AT&T's WarnerMedia. RobertIger, executive chairman of the Walt Disney Co. and who once ran ABC, gave over $1 million. See an updated version of our story below. Where the country was when we launched MSNBC was much more fact-based and less divided.. On this Wikipedia the language links are at the top of the page across from the article title. Check if your David Zaslav the CEO of Discovery Inc., and Bob Iger, the former CEO of Disney who is now the company's executive chairman, are among the top executive Democratic donors from the second quarter. Fifty years ago, Evans had to worry about filling seats in Westwood, not expanding the subscriber list in Belarus. Signup for Breaking News Alerts & Newsletters. With Democratic voters po- turnout to overcome any po- week, spent Monday and Tues- by the parties. 2023 NYP Holdings, Inc. 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Zaslav, however, in his quest for major talent, may also have to answer queries about the movies release platform and the structure of its compensation formula. The Discovery Channel started in 1985 with a documentary about the frigid waters of the North Atlantic. Roy Bailey, a Texas businessman who is leading fundraising efforts for the Trump campaign and the Republican National Committee, explained that business leaders he speaks with says there is a concern that Biden will be influenced by more progressive leaders, such as as Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez if he became president. He doesn't.". Discovery CEO Zaslav Surprises CNBC Host By Saying CNN is The Leader in News to the Left of Discoverys Portfolio (Correction) By Joe DePaolo Feb 4th, 2022, 9:07 am Twitter share button Legal Statement. In his contract extension, Zaslav also received stock options valued at $190 million. Amanda Edwards/Getty Images for Discovery, NOW WATCH: Customers expect CEOs to take action against climate change now more than ever, Unilever executive says, would unite Discovery with AT&T's WarnerMedia, which could concern WarnerMedia employees, "move-fast and break things" style of the WarnerMedia's current chief executive, Jason Kilar. But storm clouds were on the horizon. David Michael Zaslav (born January 15, 1960) is an American media executive who currently serves as the Chief Executive Officer and President of Warner Bros. [9][10][47] In 2012, he received the Steven J. Ross Humanitarian Award from the UJA-Federation of New York[48] which honors people of vision, energy and sustained achievement in the entertainment, media and communications industries. Discovery Chief David Zaslav 2020 Pay Drops to $37.7 Million. [45] He also is a member of the Board of Trustees for the Paley Center for Media and the Mt. 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