Were running our business," Zaslav said. "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. Get this delivered to your inbox, and more info about our products and services. The combination has promised $3 billion in synergies. [2] Zaslav spearheaded the transaction between AT&T and Discovery to combine with WarnerMedia and create the combined Warner Bros. 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 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. Market data provided by Factset. David [45] His daughter Ali Zaslav is a congressional producer with CNN.[53]. We use Foxs Bret Baier GRILLS FBI Chief Wray on Show Of Force In Trump Raid Versus Handling of Biden: How Do You Explain That?, Ex-Fox Newser Jonah Goldberg Speaks Out: Fox Created a Monster with Their Own Audience That They Were Then Terrified Of, Jesse Watters Claims Voters Are Wondering If Hospitalized John Fetterman Is Still Alive, Were Here to Get Sh*t Done: Swalwell Blasts Gaetzs Pledge of Allegiance Stunt Featuring Accused Murderer, Trump Supporters Ordered to Leave DeSantis Book Signing: Free Speech!, has made clear he disagrees with Zuckers vision, Trump Rages At Murdoch Over New Fox News Revelations: Killing His Case And Infuriating His Viewers, Murdoch Said Hannity Was Privately Disgusted By Trump But Scared to Lose Viewers, According to New Court Filing, Fox Board Member Paul Ryan Throws Tucker Carlson Under the Bus When Grilled on Toxic Sludge, Racism On Air at Fox News, Foxs Brian Kilmeade Has To SEARCH Diner To Find a Single DeSantis Supporter And Even Shes On The Fence, Marjorie Taylor Greene, Thomas Massie Vote Against Mourning 50,000 Earthquake Victims in Turkey and Syria, Cable News Ratings Monday February 27: Maddow Tops 2 Million Viewers to Lead MSNBC, No Bleeps! 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. 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 David Zaslav, who led the merger with CNN and Discovery, donated over $240,000. Dominic Patten / Deadline: David Zaslav Praises CNN Adding More GOP Voices; Balance Strategy Is Important, Warner Bros Discovery Boss Says. 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? 2023 Variety Media, LLC. Zucker abruptly resigned this week after admitting he failed to properly disclose his relationship with another senior executive, CNN chief marketing officer Allison Gollust. While Evans principal scenario was to package the chemistry between filmmakers and top stars, Zaslavs social objectives may be more corporately focused. 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. Transparency matters. Sprecher's total was the most he's given in the past two presidential election cycles. David Zaslav is a talented and driven man who understands change. Its a mess. Bob Evans and his parties symbolized the 60s and 70s in Hollywood, a golden playground where even the most preposterous ideas could somehow become reality. Heidi Legg is the lead research fellow at the Future of Media Project at the Institute for Quantitative Social Science at Harvard University. 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. offers FT membership to read for free. 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. Barry Diller, owner of The Daily Beast and Investopedia, gave $120,000. 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. 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. 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. A Real Clear Politics polling average shows Biden ahead of Trump by close to 10 points. So I think it's going to be around a lot longer than people think.". [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. But Zaslav is likely to get at least a warm initial reception. Discovery. [16], Zaslav joined NBC in 1989. 2023 FOX News Network, LLC. Zaslav is also known as a CEO who keeps a tight rein on programming costs. "How many people survive after a merger? We now live in a much less transparent time. Add to that the billions of dollars from super PACsused to fund political content pushed by new digital channels and influencers. For now, a trio of CNN executives will assume Zuckers responsibilities at the network. 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. USA TODAY's opinionnewsletter:Get the best insights and analysis delivered to your inbox. Newsmax owner Chris Ruddy gave $365,000 to Donald Trump and his super PACs. Zaslav's executive compensation package includes an annual salary of $3 million with an annual $22 million bonus. Discovery Chief Executive Officer David Zaslav s total compensation fell more than 17% in 2020, Domestically, HBO Max and HBO have a combined 45.2 million subscribers. Pamela Wasserstein, owner of Vox and New York magazine, gave $8,100. 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. Signup for Breaking News Alerts & Newsletters. The Discovery CEO also was early in laying foundations overseas, where rival media companies are now trying to bulk up. Discovery, home to Animal Planet and unscripted shows like 90 Day Fianc, may now become Once Upon a Time in Hollywood. Zaslav is also one of the highest-paid CEOs in media history. This material may not be published, broadcast, rewritten, I wrote about why I got a COVID shot:Then I was fired from my job. 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. 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. Biden has said he wants to raise the corporate tax rate to 28% from 21%. He noted that the recent run of corporate executives giving to Republicans is a sign that the campaign is fervently calling these donors. But storm clouds were on the horizon. His reputation for speed gave Discovery an edge over Comcast as a merger partner. 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. The executive who is soon to take over CNN appeared to make a candid admission about where he sees the network. 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. ", 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.". Zaslav needs the house as badly as it needs Zaslav. 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. university David Zaslav, President and Chief Executive Officer of WBD, commented: With the major restructuring decisions behind us, this year we are focused on building and growing our businesses for the future, and were off to a great start. 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. Look up your friends and patriotsat the FEC. I dont see how this ends well. What investors need to know about Biden's economic vision. Jean-Briac Perrette, president and CEO of Discovery International, earned $10.4 million total compensation, down from $14.4 million in 2019. 2023 CNBC LLC. The boss ofCNNs new parent companysaid on Friday the network was the leader in news to the left but his communications team soon scrambled to walk back the frank admission, insisting he wasnt talking about politics. (CNBC Screenshot). Pre-pandemic, David Zaslav's end-of-summer parties in the Hamptons were a legendary networking event for anyone in media. Indeed, after the Discovery and Scripps deal, Zaslav promised to wring $350 million in synergies from the business, but by the time the integration was done, the Discovery boss had cut his way to $1 billion. 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. 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. Brooklyn-born Zaslav attended high school in Rockland County, where he was captain of the tennis team. The Discovery-WarnerMedia merger is expected to close in mid-2022. 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. Loeffler is running for reelection to the Senate. The names of the super PACs (Win Red, Dirt Road, Fair Fight, Follow the North Star, Security is Strength) are almost comical, even if the totals are gobsmacking. Discovery in April 2022. 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. [13][14] He was captain of the varsity tennis team.[15]. 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. Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. 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.. And then were the leader in news to the left, Zaslav told CNBC on Friday. The parties within its walls were glitzy, the arguments were epic and the scandals provided perfect gossip fuel. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Did you say to the left? Kernan said, before taking back the question, saying he probably shouldnt have said that.. The government needs to catch up and revamp how we track media money in politics. 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. He's unsentimental and quick to rotate executives if they are not performing, though his key aides have been with him for years. 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 wooed Scripps CEO Ken Lowe for a decade before consummating the $14.6 billion deal in 2018. [35][36] Zaslav's executive compensation package includes an annual salary of $3 million with an annual $22 million bonus. He was granted no options. Powered and implemented by FactSet Digital Solutions. 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. Check if your But we dont. That employee makes $66,689, so it would take them 565 years to equal Zaslavs annual compensation. CNN, which has struggled to attract viewers during the Biden era,is part of the deal and many industry observers felt the decision to revert to more straight news began this week when Zucker was forced out. To figure this out, we are in desperate need of a real-time database for super PAC spending,along with transparency on which media and platform owners fund lobbyists. [6][7], Zaslav was born to a Polish and Ukrainian Jewish family[8][9][10][11] in Brooklyn, New York. Sprecher also gave at least $106,500 to the National Republican Senatorial Committee, the official campaign arm of Republicans running for Senate seats. 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. Discovery , [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. 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. Discovery. Sheryl Sandberg, COO of Facebook, gave $500,000 mostly to Democrats. [45] He also is a member of the Board of Trustees for the Paley Center for Media and the Mt. 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. 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. The tennis court, he decided, needed to be moved three feet, and changed to a clay surface. His Greenwich Village home where the WarnerMedia deal was cooked up is now on the market, according to The Hollywood Reporter. 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. 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. "Who do they want managing the economy: Trump (Mnuchin, Powell, Kudlow) or Biden (Bernie, Warren and AOC)?," Bailey said. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. + met 98.2% of his quantitative goals and 100% of his qualitative goals. He's used his salary to buy some of the most sought-after real estate around, buying the Hollywood home of "The Godfather" film director Robert Evans for $16 million and snapping up Conan O'Brien's apartment on Central Park West. But even if that crowd decided to arrive, it would not include the late Evans or his panache (he died in 2019). Powered and implemented by FactSet Digital Solutions. You may change or cancel your subscription or trial at any time online. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Last November, Zaslav told Deadline that he would take a hands-on approach at CNN and other WarnerMedia properties. Too many people in power are gaming the system. Yet, we know little about their political views or how that money is being spent. 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. 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. both parties caucus processes. stretch its balance sheet, bet-tentially having little incentive tential of that. day in the state. Evans principal scenario was to package the chemistry between filmmakers and top stars, Zaslavs social objectives be! Warnermedia deal was cooked up is now on the market, according to National... Think it 's going to be moved three feet, and more info about products!, needed to be moved three feet, and changed to a clay.. Legendary networking event for anyone in media history and Investopedia, gave $ 8,100 of $ 3 billion in.! He 's given in the past two presidential election cycles in mid-2022 though. 3 million with an annual salary of $ 3 billion in synergies for speed gave Discovery an edge Comcast... 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