David Zaslav is a talented and driven man who understands change. The government needs to catch up and revamp how we track media money in politics. [13][14] He was captain of the varsity tennis team.[15]. The Discovery-WarnerMedia merger is expected to close in mid-2022. 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. Hilton Howell of Gray Television gave $17,600. A continuously updated summary of the news stories that US political commentators are discussing online right now. Zaslavs battles will be more expensive. The index wasmore popular than anticipated. (Photo by Mike Coppola/Getty Images for WarnerMedia). 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. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. David Zaslav, Discovery's CEO, will lead the combined Discovery-WarnerMedia. Barr also said Zaslav did not give an answer when asked about current CNN boss Jeff Zuckers future at the soon-to-be combined company. We now live in a much less transparent time. I wrote about why I got a COVID shot:Then I was fired from my job. His Greenwich Village home where the WarnerMedia deal was cooked up is now on the market, according to The Hollywood Reporter. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. And then were the leader in news to the left, Zaslav told CNBC on Friday. Did you say to the left? Kernan said, before taking back the question, saying he probably shouldnt have said that.. Overall, the combined content spend of WarnerMedia and Discovery totaled $19 billion last year, more than Disney or even Netflix. Zaslav spearheaded the transaction between AT&T and Discovery to combine with WarnerMedia and create the combined Warner Bros. 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. 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. 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, Hollywoods new mogul. met 98.2% of his quantitative goals and 100% of his qualitative goals. 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We have this great entertainment menu, which should keep people in the home, from the kids to the grandparents. Zaslav and other Discovery brass reportedly heard about the resignation just hours before it happened. 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 CEO David Zaslav, whose media giant is set to close itsmerger with CNNs owner WarnerMediathis spring, made the surprise remark during a discussion about the networks future days after theabrupt resignation of the networks president, Jeff Zucker. "Who do they want managing the economy: Trump (Mnuchin, Powell, Kudlow) or Biden (Bernie, Warren and AOC)?," Bailey said. David Zaslav also oversaw NBCUniversal's interests in A&E, The History Channel, The Biography Channel, National Geographic International, the Sundance Channel and TiVo. [51], In 2022, he was named one of Time's 100 Most Influential People. Last week,Discovery reportedit had reached 20 million paying streaming subscribers worldwide by the end of September. But what sort of a time will it be? WBD President and CEO David Zaslav spent time with Abrams before the close of the merger earlier this year and is a fan. Newsmax owner Chris Ruddy gave $365,000 to Donald Trump and his super PACs. USA TODAY's opinionnewsletter:Get the best insights and analysis delivered to your inbox. But he also contributed $100,000 to the Nancy Pelosi Victory Fund, and $124,000 to the Democratic Congressional Campaign Committee. Discovery, weighing in on content, forcing out executives and cutting costly projects like CNN+ while schmoozing with top Hollywood talent. Warner Bros. 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. His Facebook page is full of old school friendships and trips with the former GE CEO, Jack Welch. The CEOs of some of the biggest companies in the United States have started ramping up their donations to Republican causes as concern grows about Joe Biden's plan to raise the corporate tax rate. On Friday morning, he shocked CNBC hosts by calling the network 'the leader of news to the left'. 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. 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. [6][7], Zaslav was born to a Polish and Ukrainian Jewish family[8][9][10][11] in Brooklyn, New York. 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. Zaslav is also known as a CEO who keeps a tight rein on programming costs. 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. 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. Powered and implemented by FactSet Digital Solutions. For a full comparison of Standard and Premium Digital, click here. What does media constitute? Those two tend to split viewers, and Fox News is regularly No. Brooklyn-born Zaslav attended high school in Rockland County, where he was captain of the tennis team. [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. You can still enjoy your subscription until the end of your current billing period. David Zaslav Sees Opportunity Amid Industry Turmoil as Moguls Convene in Sun Valley Warner Bros. Warner Bros Discovery (WBD) has reported financial results for the quarter and year ended December 31st 2022. Heidi Legg is the lead research fellow at the Future of Media Project at the Institute for Quantitative Social Science at Harvard University. 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. [42][43][44], Zaslav serves on the boards of Sirius XM, The Cable Center, Center for Communication, Grupo Televisa, Partnership for New York City, Syracuse University and USC Shoah Foundation. A missed golf game in February led to an email between Zaslav and AT&T CEO John Stankey, culminating in their boards signing a merger deal on Sunday night. His salary remained locked at $3 million. 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. His well-documented views were notsecret. The most significant donation record of any media owner was Michael Bloomberg, who donated $140 million during his run for president. Sure, Henry Luce, the iconic publisher of Time, Fortuneand Life magazines, put his thumb on the scale. RobertIger, executive chairman of the Walt Disney Co. and who once ran ABC, gave over $1 million. Who is David Zaslav? It is nearly impossible to know where the money is spent,even if you can run down the roster of donors. Deadline is a part of Penske Media Corporation. In comparison, WarnerMedias HBO and HBO Max topped 69 million worldwide customers combined at the conclusion of Q3, according toAT&Ts third-quarter earnings results, which were released late last month. The Discovery Channel started in 1985 with a documentary about the frigid waters of the North Atlantic. or "How many people survive after a merger? 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. For now, a trio of CNN executives will assume Zuckers responsibilities at the network. [40] Some of those projects were "practically finished" or in the late stages of post-production, including Batgirl and Scoob! WebHome. CEO David Zaslav has quickly put his stamp on Warner Bros. Is it a good one? Discovery Chief David Zaslav 2020 Pay Drops to $37.7 Million. 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. 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. Jeff Zucker is considered to be the person responsible for the CNNs shift away from the nonpartisan outlet it was before his tenure. Look up your friends and patriotsat the FEC. 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. ", Warner Bros. International Television Production, Warner Bros. Dan Eberhart, a longtime prominent Republican donor, told CNBC he senses that wealthy financiers are going to start lining up behind Trump. 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. He's unsentimental and quick to rotate executives if they are not performing, though his key aides have been with him for years. Why would they go anywhere else? [49], In 2014, Zaslav was awarded the Fred Dressler Leadership Award by Syracuse University's S. I. Newhouse School of Public Communications. 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. Were running our business," Zaslav said. "After Biden released his economic plan, I would expect CEO donations to President Trump to accelerate. 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 Data is a real-time snapshot *Data is delayed at least 15 minutes. [45][16], David Zaslav was awarded the Susan Newhouse & SI Newhouse Award of Hope for his support of the Association for Frontotemporal Degeneration (AFTD) in September 2016. Zaslav needs the house as badly as it needs Zaslav. 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. But times have changed. Zaslav is on the board of Mexican programming giant Televisa, now merging with Univision. 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. I probably shouldnt have said that.. James Zelter, co-president and CIO of Apollo Global Management that owns Yahoo News, gave $35,900 to Republicansand $25,200 to Democrats. Zucker abruptly resigned this week after admitting he failed to properly disclose his relationship with another senior executive, CNN chief marketing officer Allison Gollust. Having pulled off the media coup of the decade, the energetic executive will preside over the Warner-Discovery group. Discovery Chief Executive Officer David Zaslav s total compensation fell more than 17% in 2020, [45] His daughter Ali Zaslav is a congressional producer with CNN.[53]. See Barrs tweets at the bottom of this post. The combination has promised $3 billion in synergies. Email him here: joed@mediaite.com 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. The issue is that not enough of his The Daily Callers OmeedMalik donated $150,000. 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. So maybe Zaslav isnt offended by the transparent political bias [22] Zaslav instigated a shift in strategy by the company, aiming to see itself as a "content company" rather than a "cable company" by bolstering its main networks (such as its namesake Discovery Channel) as multi-platform brands. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Despite the increased support from CEOs, Biden and the Democratic National Committee outraised their opponents in the second quarter. The Discovery CEO also was early in laying foundations overseas, where rival media companies are now trying to bulk up. Zaslav had a hand in the launch of MSNBC, another left-leaning network, during his time as an NBC executive. 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. 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 Biden has said he wants to raise the corporate tax rate to 28% from 21%. Sprecher also gave at least $106,500 to the National Republican Senatorial Committee, the official campaign arm of Republicans running for Senate seats. Jean-Briac Perrette, president and CEO of Discovery International, earned $10.4 million total compensation, down from $14.4 million in 2019. Discovery CEO David Zaslav said Friday on CNBC that he had nothing to do with Jeff Zuckers CNN exit. After all, he intended to spend more time on it, and style is as important in tennis as it is in show business. Compare Standard and Premium Digital here. 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. Discovery in April 2022. cookies 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. + Loeffler is running for reelection to the Senate. 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 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. If the medium controls the message, then we are asking these questions to make out your character, media owners. personalising content and ads, providing social media features and to 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. Not long ago when he dropped by his new home he ordered some changes: Michael Smith, Though Zaslav himself did not dispute the context of the comment when Joe Kernen asked for clarification, his true intent was made clear when Zaslav followed up by saying he views sports as being on the right side of the portfolio. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. ", 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.". The Evans events promised a sort of promiscuous elegance: Behind one door you would find the esteemed Helmut Newton photographing two lissome nudes passionately entwined; or Teddy Kennedy swigging beer amidst a bevy of starlets; or Henry Kissinger explaining Vietnam policy to Jill St. John; or agent Sue Mengers disseminating film gigs along with quality weed. 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. "He's masterful at presenting himself as an aw-shucks guy from Rockland County, but underneath in the middle of a deal he's more aggressive than one of the great whites on 'Shark Week,'" said a friend. "I think of CNN in a totally different way than I thought about it years ago. She has written extensively about the news media. "I, and we as a company, we are a fighter for news. Man, you werent kidding, Kernen said, also laughing. Insider say he's known for relationship building but also being demanding with staff. 2023 Variety Media, LLC. While Evans principal scenario was to package the chemistry between filmmakers and top stars, Zaslavs social objectives may be more corporately focused. Did Elon Musk, one of the biggest donors to Wikipedia, reallygive only $40,000 to political leaders and causesin 2020-21? But at Warner Bros. Biden has said he wants to raise the corporate tax rate to 28% from 21%. , Jack Welch off the media coup of the biggest donors to Wikipedia, only. 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