It's unclear which political direction Discovery CEO David Zaslav wants to take the network in. Other top-paid Discovery executives included Chief Financial Officer Gunnar Wiedenfels, who earned $6.9 million in total compensation, down from the $7.4 million he earned in 2019. David Zaslav, Discovery's CEO, will lead the combined Discovery-WarnerMedia. I wrote about why I got a COVID shot:Then I was fired from my job. "I would like to see CNN evolve back to the kind of journalism that it started with, and actually have journalists, which would be unique and refreshing,"Malonesaid in an interview that aired on CNBC. And John Malone, a top shareholder at CNNs soon to be parent Discovery, has made clear he disagrees with Zuckers vision for CNN. Why? But not disclosing a consensual relationship rarely results in the defenestration of a network president. Zaslav, 61, his wife Pam, and his adult children, mingled with TV and movie industry friends, Page Six, CNBC and Fox News anchors, plastic surgeons, and interior designers. That was down from the $45.8 million that Zaslav pulled in the previous year and significantly down from the massive $129.4 million in compensation that the Discovery chief earned in 2018, which included the value of stock options that amounted to more than $100 million as part of a new employment contract. Zaslav had a hand in the launch of MSNBC, another left-leaning network, during his time as an NBC executive. The Discovery CEO also took aim at Fox News, describing the conservative outlet as much more of an advocacy network than a news network. I think overall wed probably be better off if we just had news networks in America, Zaslav said. WebHome. 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. [33], Under his leadership, Discovery began trading as a public company in 2008, became a Fortune 500 company in 2014 and acquired Scripps Networks Interactive in 2018. Get this delivered to your inbox, and more info about our products and services. In media news today, an AP reporter spars with the State Departments Ned Price over allegations on Russia, a report claims that Jeff Zucker and Allison Gollust gave Andrew Cuomo COVID talking points to combat Trump, and an MSNBC broadcast gets interrupted by a Lets Go Brandon flag. But we dont. Same goes for Jason Kilars future, we presume. We want to hear from you! analyse how our Sites are used. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) Zaslavs generous compensation plan continues the trend of rich COVID era paydays for media CEOs, some of whom made a show of forgoing a salary when the pandemic hit, only to quietly return to their former levels as the crisis dragged on. 2023 FOX News Network, LLC. The combination has promised $3 billion in synergies. Were running our business," Zaslav said. Over the years, he's secured the $1.6 billion European rights to the Olympics and the $2 billion PGA golf rights; bought Scripps Networks, owner of HGTV and Food Network; and launched OWN with Oprah Winfrey. Later in the CNBC interview, Zaslav referred to growth on the right side of the company, which he described as including WarnerMedia-owned HBO and a growing portfolio of sports rights. Discovery CEO David Zaslav addressed the companys controversial decision this week to cancel releases for Batgirl and Scoob! On this Wikipedia the language links are at the top of the page across from the article title. Scrambling to walk back the comments, Discoverys team said Zaslav often uses the phrases the left or the right to reference current and future business initiatives. Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. David Zaslav Sees Opportunity Amid Industry Turmoil as Moguls Convene in Sun Valley Warner Bros. USA TODAY's opinionnewsletter:Get the best insights and analysis delivered to your inbox. tips@mediaite.com, Joe DePaolo is a Senior Editor at Mediaite. 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. "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. If only houses could talk: This one, however, is a battered shadow of its proud Regency past, its interior walls torn apart, trucks parked on its tennis court. And then were the leader in news to the left, Zaslav told CNBC on Friday. A Discovery spokesperson told the Post that Zaslav didnt finish his thought, adding that he uses the phrase to organize his conversations around Discoverys business. 2023 Variety Media, LLC. Raising the corporate tax rate is not exactly conducive to growing revenue or earnings," Eberhart said. Discovery Chief Executive Officer David Zaslavs total compensation fell more than 17% in 2020, topping out at $37.7 million. Legal Statement. George Soros, a major donor to Wikipediawho funds many new digital media outlets through his Open Society Foundation (see our nonprofit U.S. Media Index), gave $3,679,800. Sinai Medical Center. Discovery cant play any role in CNNs operations until the deal concludes. "I, and we as a company, we are a fighter for news. I probably shouldnt have said that.. The issue is that not enough of his CNN, like MSNBC, serves liberal audiences. They are doing that, and there's still time," Eberhart said. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. 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Jake Tapper Promises His Interview With Bill Maher Will Air Uncensored, NEW POLL: Trump Holds Gargantuan 30-Point Lead Over DeSantis And 61-Point Lead Against Nikki Haley, Buttigieg Defends Biden Not Going to East Palestine: His Visit Could Have Disruptive Effects, Nate Silver and Mehdi Hasan Throw Down Over Media Coverage of Covid-19 Lab Leak Theory, Ex-Obama Flack Jen Palmieri Praises Trump Visit to Train Wreck Site On MSNBC Says Biden Must Go. cookies We use (CNBC Screenshot). Data is a real-time snapshot *Data is delayed at least 15 minutes. The merger between WarnerMedia and Discovery is reportedly set to be completed early in the spring. Zaslav also oversaw NBCUniversal's interests in A&E, The History Channel, The Biography Channel, National Geographic International, the Sundance Channel and TiVo. Variety is a part of Penske Media Corporation. [50], In 2017, Zaslav was inducted into the Cable Hall of Fame. For now, a trio of CNN executives will assume Zuckers responsibilities at the network. In his New York days, Zaslav liked friends like Ron Perelman, Lorne Michaels and Jeff Zucker to hang at his Hamptons parties. He noted that the recent run of corporate executives giving to Republicans is a sign that the campaign is fervently calling these donors. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. Jean-Briac Perrette, president and CEO of Discovery International, earned $10.4 million total compensation, down from $14.4 million in 2019. The TV deal maker will head the new venture formed by his companys merger with AT&Ts WarnerMedia, as he seeks to build a streaming juggernaut. David Zaslav, the Discovery Inc. chief executive who has catapulted himself to the top of the media world through a wave of deal-making, will lead a new venture What investors need to know about Biden's economic vision. 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. You couldn't say that about a lot of other American CEOs. WBD President and CEO David Zaslav spent time with Abrams before the close of the merger earlier this year and is a fan. We have this great entertainment menu, which should keep people in the home, from the kids to the grandparents. A continuously updated summary of the news stories that US political commentators are discussing online right now. The parties within its walls were glitzy, the arguments were epic and the scandals provided perfect gossip fuel. [45] He also is a member of the Board of Trustees for the Paley Center for Media and the Mt. both parties caucus processes. stretch its balance sheet, bet-tentially having little incentive tential of that. day in the state. Loeffler is running for reelection to the Senate. The company did not break out Discovery+ numbers specifically, so this tally includes its other, much smaller SVOD platforms, but the majority of that 20 million figure is made up of Discovery+ numbers, per Discovery. She has written extensively about the news media. Usually you ditch people. Discovery CEO David Zaslav, whose media giant is set to close its merger with CNNs owner WarnerMedia this spring, made the surprise remark during a Overall, I think wed be better off if we just had news networks, but we dont.. See Barrs tweets at the bottom of this post. For a full comparison of Standard and Premium Digital, click here. Sprecher also gave at least $106,500 to the National Republican Senatorial Committee, the official campaign arm of Republicans running for Senate seats. Dan Eberhart, a longtime prominent Republican donor, told CNBC he senses that wealthy financiers are going to start lining up behind Trump. A fiercely ambitious man with an appetite for the theatrical, Zaslav paid $16 million for the late Bob Evans home in Beverly Hills, originally telling friends he may spend three months a year in Hollywood, creating a livelier aura for his Discovery Channel. Zaslav is on the board of Mexican programming giant Televisa, now merging with Univision. Discovery, weighing in on content, forcing out executives and cutting costly projects like CNN+ while schmoozing with top Hollywood talent. But what sort of a time will it be? Zaslav was speaking at the Paley International Council Summit when he made the remarks, which were covered by several news outlets virtually attending the media event. He must also mobilize his charisma to keep his uneasy management in place during the one-year-plus period while lawyers and bankers hammer out legalities and obtain antitrust approval. "Who do they want managing the economy: Trump (Mnuchin, Powell, Kudlow) or Biden (Bernie, Warren and AOC)?," Bailey said. Zucker's leadership of CNN since 2013 saw the network lurch farther to the left, particularly after the political rise of former President Donald Trump. Sinclair Broadcasting and Nexstar executives give to the National Association of Broadcasters. university Zaslav earned a BS degree from Binghamton University. His 2020 pay was $37 million, and the WarnerMedia deal would entitle him to some 14.8 million in options, worth $190 million, according to The Wall Street Journal. The Discovery-WarnerMedia merger is expected to close in mid-2022. Or to keep it anonymous, click here. Discovery CEO David Zaslav was confronted on Friday about the future of CNN, the liberal network he is set to oversee once a looming merger is official, but If Evans faced a bad weekend, Zaslav confronts post-pandemic confusion: Netflix and Disney both missed forecasts for subscriber growth in the first quarter, and consumer spending on media shrank 2% in that period. He was granted no options. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Zaslav wooed Scripps CEO Ken Lowe for a decade before consummating the $14.6 billion deal in 2018. Zaslav is also known as a CEO who keeps a tight rein on programming costs. The results were surprising. LIBERTY MEDIA CHAIRMAN CHIDES CNN TO 'ACTUALLY HAVE JOURNALISTS' FOLLOWING AT&T-DISCOVERY MERGER, "None of us had anything to do with it. "After Biden released his economic plan, I would expect CEO donations to President Trump to accelerate. 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. "I think of CNN in a totally different way than I thought about it years ago. 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. Fifty years ago, Evans had to worry about filling seats in Westwood, not expanding the subscriber list in Belarus. See an updated version of our story below. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. His salary remained locked at $3 million. But even if that crowd decided to arrive, it would not include the late Evans or his panache (he died in 2019). [45] His daughter Ali Zaslav is a congressional producer with CNN.[53]. Zaslav had a hand in the launch of MSNBC, another left-leaning network, during his time as an NBC executive. [17] As president of Cable and Domestic TV and New Media Distribution, he oversaw content distribution to all forms of TV, negotiated for cable and satellite carriage of NBCUniversal networks and forged media partnerships.[18][19]. While Kernen did not clarify his comments, he went on to say that he sees sports as being on the right side of the Discovery portfolio. It raises the question: Does super PAC funding, often with a hefty and opaque line-item labeled media spend,fund some of these outlets? CNNs political stance is a source of frequent scrutiny in the news industry. Senator from Idaho Jim Risch, amounted to a total of $5,600. Where the country was when we launched MSNBC was much more fact-based and less divided.. Lowe remains on Discovery's board and a personal friend, said a Zaslav friend. Look up your friends and patriotsat the FEC. [35][36] Zaslav's executive compensation package includes an annual salary of $3 million with an annual $22 million bonus. Sen. On Friday morning, he shocked CNBC hosts by calling the network 'the leader of news to the left'. The parties spilled onto the beach and ended with fireworks and shark-shaped cake made by the "Cake Boss.". And now, the former lawyer for Discovery founder John Hendricks is the new king of media, set to oversee $20 billion in content spend, topping Netflix's $17 billion. Quotes displayed in real-time or delayed by at least 15 minutes. That bit of corporate sorcery has now prompted him to re-invent the Zaslav legacy indeed to re-shape it in the aura of the Evans legacy. I found these figures wanting. Philip Anschutz, owner of the Washington Examiner, gave $168,500. Jeff Bezos, who owns The Washington Post, gave but $15,000over the past20 months through his PACs Blue Origin and Amazon while his net worth grew to near $200 billion. The index wasmore popular than anticipated. Mutual Fund and ETF data provided by Refinitiv Lipper. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. His corporate boss, Charles Bluhdorn, facing him in his screening room, shouted that public companies could not dabble in porn. He then decided to re-run the films. It is nearly impossible to know where the money is spent,even if you can run down the roster of donors. Get the best insights and analysis delivered to your inbox, 2,276 groups organized as super PACs have reported, Your California Privacy Rights/Privacy Policy. When Discovery assumes control of CNN, Zaslav will have a key decision to make right out of the box as it will have to replace newly-resigned CNN chief Jeff Zucker. Pre-pandemic, David Zaslav's end-of-summer parties in the Hamptons were a legendary networking event for anyone in media. Zaslavs battles will be more expensive. Susan Wojcicki, a major donor to Wikipedia and CEO of YouTube,donated only $8,000through Google Netpac. That was down from the $45.8 million that Zaslav pulled in the pr Zaslav is also one of the highest-paid CEOs in media history. (Photo by Amanda Edwards/Getty Images for Discovery, Inc.). "CNN is a fantastic asset, I cant wait to get in there. 2023 Deadline Hollywood, LLC. Media tends to be a reflection of where the country is. In a digital age, there are many new ways to influence. Transparency matters. In May, I published anownership indexof the top 176 U.S. media organizations. Powered and implemented by FactSet Digital Solutions. Stories that US political commentators are discussing online right now 14.6 billion deal in 2018 Univision. Cnbc he senses that david zaslav political party financiers are going to start lining up behind Trump, and! A reflection of where the money is spent, even if you run... Nexstar executives give to the grandparents change the plan you will roll onto any... 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