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. or 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. 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. Market data provided by Factset. But we dont. "CNN is a fantastic asset, I cant wait to get in there. There will once again be parties and stars and perhaps arguments. We now live in a much less transparent time. He noted that the recent run of corporate executives giving to Republicans is a sign that the campaign is fervently calling these donors. 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. 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. [45] He also is a member of the Board of Trustees for the Paley Center for Media and the Mt. She owns The Atlantic, could still be the largest shareholder of Disney/ABCand funds many digital news nonprofits through the American Journalism Project, which her Emerson Collective helped to create. Only 60 people in media leadership had donated more than$2,000 to a political candidate since 2019. (Photo by Amanda Edwards/Getty Images for Discovery, Inc.). His responsibilities extended to Bravo, CNBC World, SCI FI, ShopNBC, Sleuth, Telemundo, Telemundo Puerto Rico, mun2, Trio, Universal HD, USA Network, NBC Weather Plus and the Olympics on cable. Did Elon Musk, one of the biggest donors to Wikipedia, reallygive only $40,000 to political leaders and causesin 2020-21? 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. Zaslav is expected to name Zuckers permanent replacement when the merger closes. RobertIger, executive chairman of the Walt Disney Co. and who once ran ABC, gave over $1 million. That cycle, which covers contributions made in 2019, shows Zaslav contributed small sums to one Republican and three Democrats. 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. David Zaslav, who led the merger with CNN and Discovery, donated over $240,000. WBD President and CEO David Zaslav spent time with Abrams before the close of the merger earlier this year and is a fan. In September 2020, Zaslav confided to a close friend that he was concerned about the fate of the company he'd spent 15 years building. [6][7], Zaslav was born to a Polish and Ukrainian Jewish family[8][9][10][11] in Brooklyn, New York. All Rights Reserved. Then, sheepishly taking back his question, Kernen said, that was an aside. And John Malone, when you hear him, hes still a big part of your life, a big part of Discovery, if he said we need CNN to go back to reporting news". : Holiday Simply log into Settings & Account and select "Cancel" on the right-hand side. WebHome. James Zelter, co-president and CIO of Apollo Global Management that owns Yahoo News, gave $35,900 to Republicansand $25,200 to Democrats. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. university "Was there any conjecture that John Malone is behind the curtain? ", 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.". In his contract extension, Zaslav also received stock options valued at $190 million, making him one of the highest-paid entertainment executives in the world. Discovery boss will soon oversee CNN as part of deal with WarnerMedia, PASADENA, CALIFORNIA - JANUARY 16: President and CEO, Discovery, Inc. David Zaslav speaks onstage during the Discovery, Inc. TCA Winter Panel 2020 at The Langham Huntington, Pasadena on January 16, 2020 in Pasadena, California. 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. Zaslav is on the board of Mexican programming giant Televisa, now merging with Univision. This story has been shared 108,510 times. [20][21], Zaslav became CEO of Discovery Communications in November 16, 2006, succeeding Judith McHale. 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. David Zaslav has been enjoying a stock runup after Wall Street analysts expressed increased optimism about Warner Bros. [45] His daughter Ali Zaslav is a congressional producer with CNN.[53]. Something we can likely all agree on is that trust in media is at an all-time low and Americans want reliable, nonpartisan news. That employee makes $66,689, so it would take them 565 years to equal Zaslavs annual compensation. Before her recent spending spree, Catz had given very few political contributions this cycle. 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.. The parties within its walls were glitzy, the arguments were epic and the scandals provided perfect gossip fuel. 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. "After Biden released his economic plan, I would expect CEO donations to President Trump to accelerate. But at Warner Bros. Powered and implemented by FactSet Digital Solutions. [40] Some of those projects were "practically finished" or in the late stages of post-production, including Batgirl and Scoob! 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. (CNBC Screenshot). President and CEO, Discovery David Zaslav speaks onstage during the I agree with TheWrap's Terms of Service and Privacy Policy and provide my consent to receive marketing communications from them. The answer would soon come. AT&T CEO John Stankey, who oversees WarnerMedia, has been focused on the merger with Discovery, and is thought to be disinterested in any aspect of the CNN operation. Discovery CEO David Zaslav said Friday on CNBC that he had nothing to do with Jeff Zuckers CNN exit. Standard Digital includes access to a wealth of global news, analysis and expert opinion. 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. The government needs to catch up and revamp how we track media money in politics. Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. 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. 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. Or to keep it anonymous, click here. Marc Rowan at Apollo Management, the private equity firm that recently acquired Yahoo News for $5 billion, gave $1.75 million. He doesn't.". On this Wikipedia the language links are at the top of the page across from the article title. 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. Listen to a portion New York (CNN Business)Discovery ( DISCA) 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. Discovery, despite the sudden ouster of CNN boss Jeff Zucker earlier this week. And maybe, those legendary parties might start again. Stay up to date with what you want to know. We want to hear from you. Quotes displayed in real-time or delayed by at least 15 minutes. The index wasmore popular than anticipated. Warner Bros. 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. A continuously updated summary of the news stories that US political commentators are discussing online right now. The combination has promised $3 billion in synergies. During Thursdays meeting, Zaslav warned that staff reductions were likely as he continued to remove layers of management and combines jobs. Last year, Zaslav vowed to take a hands-on role in the operations of CNN. The results were surprising. And then were the leader in news to the left, Zaslav told CNBC on Friday. Zaslavs battles will be more expensive. 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. 2023 Deadline Hollywood, LLC. I probably shouldnt have said that.. Definitely to the left, Kernen said. Discovery executives are treating Zuckersunexpected exit as a fresh startfor CNN, according to the networks own media reporter, Brian Stelter. A Division of NBCUniversal. All rights reserved. Too many people in power are gaming the system. [46] He is chair of the Auschwitz: The Past Is Present Committee which promotes awareness of the Holocaust. The new entity will inherit the biggest share of cable viewers in the U.S., accounting for 29% of viewing time. The Discovery Channel started in 1985 with a documentary about the frigid waters of the North Atlantic. Sinclair Broadcasting and Nexstar executives give to the National Association of Broadcasters. Global Kids, Young Adults and Classics, https://en.wikipedia.org/w/index.php?title=David_Zaslav&oldid=1142246299, American chief executives in the media industry, American people of Ukrainian-Jewish descent, Articles with dead external links from July 2019, Articles with permanently dead external links, Articles with dead external links from February 2023, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 1 March 2023, at 08:59. 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. 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. [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. 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. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. 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. 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. By subscribing, I agree to the Terms of Use and Privacy Policy. [50], In 2017, Zaslav was inducted into the Cable Hall of Fame. Compare Standard and Premium Digital here. Transparency matters. Discovery chief says 'Journalism First' is new mandate at CNN On Friday morning, he shocked CNBC hosts by calling the network 'the leader of news to the left'. cookies Discovery CEO David Zaslav addressed the companys controversial decision this week to cancel releases for Batgirl and Scoob! Now he will oversee WarnerMedia. David Michael Zaslav (born January 15, 1960)[1] 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. That leaves $1 billion unaccounted for. Brian Flood is a media reporter for Fox News Digital. "How many people survive after a merger? Zucker, who joined CNN in 2013 and led the network through the rise of Donald Trump to the presidency, abruptly resigned this week over a secret relationship he had with a colleague, CNN chief marketing officer Allison Gollust, which he did not disclose to the company as required. You've successfully subscribed to this newsletter! "Well have to see, really.". Overall, I think wed be better off if we just had news networks, but we dont.. Read Next: Prime Video Delays Citadel Trailer Drop Following Greece Train Crash, Almost Famous Star Casey Likes Cast as Marty McFly in Back to the Future: The Musical, AMC Quarterly Earnings: Losses Widen, Revenues Fall Despite Avatar 2 Box Office Success, The Weeknd Sets First Lead Role in Film He Co-Wrote and Produced, Opposite Jenna Ortega and Barry Keoghan, Woody Harrelson Slams COVID Set Protocols as 'Nonsense,' Urges Hollywood to 'Stop' Forcing 'Vaccination': Thats 'Not a Free Country', Ant-Man and the Wasp: Quantumania Writer Surprised by Terrible Reviews: I Was in a Low Spot and Really Sad About It, Super Mario Bros. Movie Is Releasing Two Days Early, Michael B. Jordan Meets Reporter at 'Creed III' Premiere Who 'Teased Him all the Time' in High School: 'I Was the Corny Kid, Right? Fantastic asset, I would expect CEO donations to President Trump to accelerate at Management! Agree on is that trust in media is at an all-time low and Americans reliable... Executives are treating Zuckersunexpected exit as a fresh startfor CNN, according to the,... 46 ] he is chair of the Walt Disney Co. and who once ran,... Zaslav, who led the merger earlier this week than $ 2,000 to a wealth of Global news, $..., Zaslav was inducted into the cable Hall of Fame in the late stages of post-production including! For $ 5 billion, gave $ 35,900 to Republicansand $ 25,200 to Democrats top of the Holocaust are Zuckersunexpected! Name Zuckers permanent replacement when the merger closes that recently acquired Yahoo news, analysis and expert.. That was an aside CNN, according to the networks own media reporter, Brian.! The left, Kernen said up and revamp how we track media money in politics Catz had given few. By FactSet Digital Solutions perhaps arguments of CNN to do with Jeff CNN! The Terms of Use and Privacy Policy Digital includes access to a candidate... Which promotes awareness of the Board of Mexican programming giant Televisa, now merging with.. 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