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. Discovery in April 2022. Email us. For a full comparison of Standard and Premium Digital, click here. His Facebook page is full of old school friendships and trips with the former GE CEO, Jack Welch. 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. 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. 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Discovery Lost $20 Billion in Market Cap Trying to Cut $3 Billion in Costs", "HBO Max is treating animation fans and creators like hot, burning garbage", "Infinity Train Creator Says Animation Teams Were Given No Warning Before HBO Max Purge", "Seven New Members Elected to University's Board of Trustees", CableFax: "Never Forget: Zaslav, Spielberg Help Commemorate Auschwitzs Liberation", UJA-Federation of New York: "Oprah, Wiesel Honor Zaslav at Leadership Awards Dinner", "Oprah, Wiesel Honor Zaslav at Leadership Awards Dinner", "David Zaslav: The 100 Most Influential People of 2022", "He ran Animal Planet and HGTV. 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. Zaslav earned a BS degree from Binghamton University. This time, the bulk of Zaslavs compensation came from stock awards ($12.5 million) and non-equity incentive plan compensation ($21.8 million). "I think of CNN in a totally different way than I thought about it years ago. Get our latest storiesin the feed of your favorite networks. Of the top 10 political donors among S&P 500 CEOs, a majority gave big to GOP groups in the second quarter, according to data from the Center for Responsive Politics. 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. David I agree with TheWrap's Terms of Service and Privacy Policy and provide my consent to receive marketing communications from them. Zaslav is also known as a CEO who keeps a tight rein on programming costs. Discovery is required to publish the ratio to Zaslavs pay to those of its median employee as part of the Dodd-Frank law. Sign up for free newsletters and get more CNBC delivered to your inbox. Who is David Zaslav? He noted that the recent run of corporate executives giving to Republicans is a sign that the campaign is fervently calling these donors. Zaslav interrupted, "John is going to be a board member of this company, and I am the operating--," before Kernen spoke over him asking if he had anything to do with Zuckers exit. David Zaslav, Discovery's CEO, will lead the combined Discovery-WarnerMedia. Warner Bros. 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. The development comes as the presumptive Democratic nominee has expanded his lead in the polls over President Donald Trump. 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. 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.. Market data provided by Factset. 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. Quotes displayed in real-time or delayed by at least 15 minutes. "David Zaslav: "The future of cable is that it's declining" but says "It offers a unique proposition to advertisers. Longtime Discovery chief David Zaslav, who will soon oversee CNN as part of his companys merger with WarnerMedia, called his future competitor Fox News In awarding Zaslav his 2020 cash bonus, the board determined the Discovery chief SIGN UP FOR OUR FREE DAILY NEWSLETTER, FIRST TAKE, Less Than Half of U.S. Discovery+ Subscribers Are Also HBO Max Customers, David Zaslav Says, Discoverys David Zaslav Wants Industry to Leave Nielsen in the Dust. Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. 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. Deadline is a part of Penske Media Corporation. David M. Zaslav (born January 15, 1960) is the president and chief executive officer of Discovery Inc., a position he has held since January 2007. Most recently under Zaslav, Discovery acquired Scripps Networks Interactive, in a transaction which closed in March 2018. He was previously an executive at NBCUniversal. A web of other forces have been reported as influential in the demise of his CNN career: WarnerMedia CEO Jason Kilar, who currently oversees CNN, was said not to be a fan of Zuckers. Pre-pandemic, David Zaslav's end-of-summer parties in the Hamptons were a legendary networking event for anyone in media. All Rights Reserved. Our system is awash in billions of political dollars. On Friday morning, he shocked CNBC hosts by calling the network 'the leader of news to the left'. 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. Did you say to the left? Kernan said, before taking back the question, saying he probably shouldnt have said that.. In a digital age, there are many new ways to influence. Last year, Zaslav vowed to take a hands-on role in the operations of CNN. 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. David Zaslav has been enjoying a stock runup after Wall Street analysts expressed increased optimism about Warner Bros. Where the country was when we launched MSNBC was much more fact-based and less divided.. 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. Zaslav and other Discovery brass reportedly heard about the resignation just hours before it happened. Discovery in April 2022. Discovery cant play any role in CNNs operations until the deal concludes. 1. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. I think Fox News is much more of an advocacy network than a news network, Zaslav said, according to Washington Post media reporter Jeremy Barr. "How many people survive after a merger? According to OpenSecrets, an independent nonprofit that tracks money in U.S. politics, as of last week, 2,276 groups organized as super PACs have reported their numbers. Discovery CEO David Zaslav praised CNN on Friday and said news is going to be really critical to the future of the soon to be combined Warner Bros. Zaslav had a hand in the launch of MSNBC, another left-leaning network, during his time as an NBC executive. A Division of NBCUniversal. Warner Bros Discovery (WBD) has reported financial results for the quarter and year ended December 31st 2022. What does media constitute? This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. organisation We now live in a much less transparent time. Variety is a part of Penske Media Corporation. 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. In another coup, in 2008, Zaslav convinced Winfrey to go into business with him and create a cable channel together. Despite the increased support from CEOs, Biden and the Democratic National Committee outraised their opponents in the second quarter. Look up your friends and patriotsat the FEC. Longtime Discovery chief David Zaslav, who will soon oversee CNN as part of his companys merger with WarnerMedia, called his future competitor Fox News Channel much more of an advocacy network than a news network on Wednesday. ", Zaslavs comments contradict a Deadline report that Malone "made it known that corporate procedures had to be followed to the letter in regards to Zucker," therefore, "being that WarnerMedias standards of business conduct require disclosure of relationships that develop with a boss and subordinate, Zuckers goose was officially cooked.". RobertIger, executive chairman of the Walt Disney Co. and who once ran ABC, gave over $1 million. Did Elon Musk, one of the biggest donors to Wikipedia, reallygive only $40,000 to political leaders and causesin 2020-21? [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. A continuously updated summary of the news stories that US political commentators are discussing online right now. Transparency matters. Under Zuckers leadership, CNN cultivated an antagonistic relationship with former President Donald Trump and other prominent conservatives. Have a tip or story idea? Other notable S&P 500 CEO contributions to Republican led groups in the second quarter include Robert Bradway, the chief executive of biopharmaceutical company Amgen; Daniel Amos, the CEO of insurance giant Aflac; and Gregory Brown, the CEO of Motorola Solutions. Insider say he's known for relationship building but also being demanding with staff. CNN, like MSNBC, serves liberal audiences. 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. This material may not be published, broadcast, rewritten, Spurred by the rapid proliferation of social media platforms, with questionable content,and a formerpresident who pummeled our free press repeatedly, its no wonder Americans are left wary and our information ecosystem is in shambles. You may change or cancel your subscription or trial at any time online. [45] He also is a member of the Board of Trustees for the Paley Center for Media and the Mt. In an interview on CNBC Friday, Discovery CEO David Zaslav, as part of an assessment of his brands portfolio, took stock of CNNs place in the public consciousness and said this: CNBC host Joe Kernen immediately seized on the comment. Biden and the Democratic National Committee outraised their opponents in the second quarter. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) 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. For now, a trio of CNN executives will assume Zuckers responsibilities at the network. 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. Full transparency of political funding allows journalists to hold newsroom and social media platform owners to account. You will be redirected back to your article in, Discovery's David Zaslav (inset) paid $16 million for Robert Evans' onetime Beverly Hills home, AMC CEO Adam Aron Defends New Sightline Ticket Pricing, Acknowledges Substantial Change To The Status Quo For U.S. Moviegoers, Peter Bart: In Hollywood Award Season, Voters Have Learned To Distrust The Buzz, Peter Bart: Sumner Redstone Wanted To Champion Movies, But His Lust For Power Made Him A Corporate Monster, Peter Bart: Gustavo Dudamels Defection Indicative Of A Reignited East Coast-West Coast Rivalry, Creed III Eyeing Franchise-Record 3-Day Debut Of $38M-$40M: Weekend Preview, Dune: The Sisterhood Star Shirley Henderson & Director Exit Amid Creative Overhaul, WGAW Exec Director David Young On Medical Leave; Ellen Stutzman To Lead Contracts Talks, HBOs Bill Maher, On CNN As Part Of Its New 9 PM Strategy, Predicts Biden Beats Trump In 24. Powered and implemented by FactSet Digital Solutions. 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 ", JEFF ZUCKER OUT AT CNN AFTER FAILING TO DISCLOSE CONSENSUAL RELATIONSHIP WITH COLLEAGUE: I WAS WRONG. By subscribing, I agree to the Terms of Use and Privacy Policy. Jeff Bezos and Mark Zuckerberg fund swaths of lobbyists in Washington. Mediaite regrets the error. It is intended to be the backbone of our civilization and functioning governance. Barry Diller, owner of The Daily Beast and Investopedia, gave $120,000. But he also contributed $100,000 to the Nancy Pelosi Victory Fund, and $124,000 to the Democratic Congressional Campaign Committee. In fact, Zaslavclaimed Discovery didn't have anything to do with Zucker's stunning exit, when he was bluntly asked on CNBC about the future of CNN, as well as remarks by Liberty Media chairman John Malone last year that he wanted CNN to revert to more traditional journalism. Not long ago when he dropped by his new home he ordered some changes: Michael Smith, Zaslav spearheaded the transaction between AT&T and Discovery to combine with WarnerMedia and create the combined Warner Bros. Safra Catz, the CEO of Oracle, gave $125,000 in May to the Trump Victory committee, a joint fundraising operation between the Trump campaign and the Republican National Committee. Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. His reputation for speed gave Discovery an edge over Comcast as a merger partner. And when asked about the future of cable, the former protector of the cable bundle acknowledged that the medium is declining, but believes it will still stick around a lot longer than people think.. [2] Zaslav spearheaded the transaction between AT&T and Discovery to combine with WarnerMedia and create the combined Warner Bros. 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. Legal Statement. analyse how our Sites are used. One Warner executive told friends that Zaslav's unexpected arrival would bring structure and order versus the "move-fast and break things" style of the WarnerMedia's current chief executive, Jason Kilar, whose future with the company is still unclear. CNNs political stance is a source of frequent scrutiny in the news industry. David Zaslav, Hollywoods new mogul. Susan Wojcicki, a major donor to Wikipedia and CEO of YouTube,donated only $8,000through Google Netpac. 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. Last week,Discovery reportedit had reached 20 million paying streaming subscribers worldwide by the end of September. [51], In 2022, he was named one of Time's 100 Most Influential People. Brian Flood is a media reporter for Fox News Digital. Jean-Briac Perrette, president and CEO of Discovery International, earned $10.4 million total compensation, down from $14.4 million in 2019. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. 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. Philip Anschutz, owner of the Washington Examiner, gave $168,500. The total accounted loss was nearly $25 billion off the company's market cap. 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. But not disclosing a consensual relationship rarely results in the defenestration of a network president. 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. In his New York days, Zaslav liked friends like Ron Perelman, Lorne Michaels and Jeff Zucker to hang at his Hamptons parties. During the Evans era, the sources of corporate infighting were often esoteric. 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. That cycle, which covers contributions made in 2019, shows Zaslav contributed small sums to one Republican and three Democrats. David Zaslav, who led the merger with CNN and Discovery, donated over $240,000. Not long ago when he dropped by his new home he ordered some changes: Michael Smith, the celebrity designer who President Obama hired to design his private quarters at the White House, will now tackle the Evans house. Running WarnerMedia's top-tier assets like HBO and spending big on movies and shows is a far different game from the unscripted business that's Discovery's bread and butter. Media tends to be a reflection of where the country is. [6][7], Zaslav was born to a Polish and Ukrainian Jewish family[8][9][10][11] in Brooklyn, New York. 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. Sign up for notifications from Insider! But even if that crowd decided to arrive, it would not include the late Evans or his panache (he died in 2019). We want to hear from you! Discovery, Zaslav is turning off the content spigot and reorienting the company into something much more fiscally (and potentially culturally) conservative. James Zelter, co-president and CIO of Apollo Global Management that owns Yahoo News, gave $35,900 to Republicansand $25,200 to Democrats. The issue is that not enough of his Senator from Idaho Jim Risch, amounted to a total of $5,600. The most significant donation record of any media owner was Michael Bloomberg, who donated $140 million during his run for president. 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", Warner Bros. International Television Production, Warner Bros. This story has been shared 108,510 times. Dominic Patten / Deadline: David Zaslav Praises CNN Adding More GOP Voices; Balance Strategy Is Important, Warner Bros Discovery Boss Says. But here is where it fell short. Discovery Chief Executive Officer David Zaslavs total compensation fell more than 17% in 2020, topping out at $37.7 million. Zaslav wondered how he would stack up against the likes of Netflix and Disney without more content and if he would be forced to sell if he couldn't get bigger to compete with those companies, with their seemingly bottomless pockets. 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. Quotes displayed in real-time or delayed by at least 15 minutes. According to Deadline, he even made it known that corporate procedures had to be followed to the letter in regards to Zucker., Have a tip we should know? Billionaire Paul Singer, who claimed, post the CNN-Discovery merger, that his activism brought the deal about, balanced things out with his $1.7 million. 25 billion off the content spigot and reorienting the company into something much more fiscally ( and potentially ). The defenestration of a network President Discovery Chief executive Officer david Zaslavs total compensation fell more than %! Employee as part of the Walt Disney Co. and who once ran,. Service apply stories that US political commentators are discussing online right now causesin! Did Elon Musk, one of the Daily Beast and Investopedia, gave $ 120,000 the campaign is calling. Information network, LLC most significant donation record of any media owner was Michael,... 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