[50], In 2017, Zaslav was inducted into the Cable Hall of Fame. Mutual Fund and ETF data provided by Refinitiv Lipper. 2023 FOX News Network, LLC. Anna Wintour, editor of Vogue, gave $6,000. Malone, who sits on the Discovery Communications Inc., board of directors, said in November he wanted to see CNNrevert to nonpartisan journalism following thecompletion of a mergerthat would put it under the Discovery umbrella. David Zaslav the CEO of Discovery Inc., and Bob Iger, the former CEO of Disney who is now the companys executive chairman, are among the top executive Did you say to the left?. For context, OpenSecrets reported that political spending in the 2020 election reached $14 billion, the most expensive election ever. Susan Wojcicki, a major donor to Wikipedia and CEO of YouTube,donated only $8,000through Google Netpac. Zaslav laughed but did not retract his comment. WebHome. "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. Sign up for notifications from Insider! This material may not be published, broadcast, rewritten, Listen to a portion New York (CNN Business)Discovery ( DISCA) CEO David Zaslav praised CNN on Friday and said "news is going to be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. 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. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. 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. 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. Discovery in April 2022. The public reason given was that Zucker didn't disclose a sexual relationship with CNN executive Allison Gollust, which immediately raised eyebrows as their relationship was widely known. 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. (CNBC Screenshot). 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. Last November, Zaslav told Deadline that he would take a hands-on approach at CNN and other WarnerMedia properties. 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. Deadline is a part of Penske Media Corporation. He's known for sporting the sleeveless fleece vests popular with financial industry executives and for bringing swag bags to meetings. Market data provided by Factset. Disclosure: Mathias Dpfner, CEO of Business Insider's parent company, Axel Springer, is a Netflix board member. [16], Zaslav joined NBC in 1989. The parties within its walls were glitzy, the arguments were epic and the scandals provided perfect gossip fuel. 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. Marc Benioff, the current owner of Time who's, active in homelessness issues in San Francisco,gave only $5,000 to his Salesforce.com PAC. The Bloomberg, Powell Jobsand even Murdoch setups are now bizarrely comforting: At least we know where they stand, and the money is domestic. Before her recent spending spree, Catz had given very few political contributions this cycle. Under Zuckers leadership, CNN cultivated an antagonistic relationship with former President Donald Trump and other prominent conservatives. We've received your submission. David Zaslav is a talented and driven man who understands change. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Zaslav and other Discovery brass reportedly heard about the resignation just hours before it happened. Biden has said he wants to raise the corporate tax rate to 28% from 21%. Our system is awash in billions of political dollars. 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.. WBD President and CEO David Zaslav spent time with Abrams before the close of the merger earlier this year and is a fan. 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 Barry Diller, owner of The Daily Beast and Investopedia, gave $120,000. Discovery cant play any role in CNNs operations until the deal concludes. Stay up to date with what you want to know. Discovery, home to Animal Planet and unscripted shows like 90 Day Fianc, may now become Once Upon a Time in Hollywood. Market data provided by Factset. Brooklyn-born Zaslav attended high school in Rockland County, where he was captain of the tennis team. 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. (Photo by Mike Coppola/Getty Images for WarnerMedia) (Getty Images). [9][10][47] In 2012, he received the Steven J. Ross Humanitarian Award from the UJA-Federation of New York[48] which honors people of vision, energy and sustained achievement in the entertainment, media and communications industries. In his New York days, Zaslav liked friends like Ron Perelman, Lorne Michaels and Jeff Zucker to hang at his Hamptons parties. You may change or cancel your subscription or trial at any time online. Mediaite regrets the error. The Cook Political Report marks six Republican-held Senate seats in Colorado, Georgia, Iowa, Maine, Montana and North Carolina as toss ups. [40] Some of those projects were "practically finished" or in the late stages of post-production, including Batgirl and Scoob! A Real Clear Politics polling average shows Biden ahead of Trump by close to 10 points. 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. Sinclair Broadcasting and Nexstar executives give to the National Association of Broadcasters. People helping raise money for these Republican organizations told CNBC that the idea of taxes going up has struck a nerve with GOP donors and forced them off the sidelines after being largely absent throughout the 2020 election cycle. Most importantly, they're already global. But we dont. Discovery Chief Executive Officer David Zaslavs total compensation fell more than 17% in 2020, topping out at $37.7 million. [12] At the age of 8, he moved to Rockland County where he graduated from Ramapo High School. [41] Zaslav also received backlash for the removal of many of Warner Bros' animated programs from streaming platforms and pulling some of the service's content in general, including Final Space (which was written off for taxes), Infinity Train, Summer Camp Island, Close Enough, The Not-Too-Late Show with Elmo and several hundred episodes of Sesame Street, among others, a decision Infinity Train creator Owen Dennis remarked rendered many of the programs effectively as "lost media". 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. But what sort of a time will it be? Discovery and has publicly committed to keeping CNN after the merger. Without it, journalists and society dont stand a chance to hold them accountable when the coverage is of disrepute. Frederick Smith, who runs the billion dollar Sinclair media empire that once offered to do anything for Trump, must not have meant with cash, donating $6,800 to the GOP and $5,800 to Democratic Sen. ChuckSchumer. YOU'VE REACHED YOUR MONTHLY ARTICLE LIMIT. We support credit card, debit card and PayPal payments. 2023 Deadline Hollywood, LLC. Media tends to be a reflection of where the country is. 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. A continuously updated summary of the news stories that US political commentators are discussing online right now. So I think it's going to be around a lot longer than people think.". President and CEO, Discovery David Zaslav speaks onstage during the 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. or Zaslav spearheaded the transaction between AT&T and Discovery to combine with WarnerMedia and create the combined Warner Bros. David Zaslav does not give an answer when asked about Jeff Zucker's future at a combined WarnerMedia and Discovery because the deal hasn't closed yet, Ken Auletta: "What's the future of cable? [52], Zaslav lives in New York City with his wife Pam and the couple has three children. The COVID-19 virus had accelerated cord-cutting that's causing cable TV channels to lose subscribers. both parties caucus processes. stretch its balance sheet, bet-tentially having little incentive tential of that. day in the state. "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. The lack of transparency in super PAC donations loomed as we scoured the FEC database. organisation 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. 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. [2] Zaslav spearheaded the transaction between AT&T and Discovery to combine with WarnerMedia and create the combined Warner Bros. No surprise, Rupert Murdoch and his son Lachlan collectivelygave over $2.5 million, mostly to Republicans. Sheryl Sandberg, COO of Facebook, gave $500,000 mostly to Democrats. It's now available in every corner of the globe. 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. James Zelter, co-president and CIO of Apollo Global Management that owns Yahoo News, gave $35,900 to Republicansand $25,200 to Democrats. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. The new entity will inherit the biggest share of cable viewers in the U.S., accounting for 29% of viewing time. Jean-Briac Perrette, president and CEO of Discovery International, earned $10.4 million total compensation, down from $14.4 million in 2019. 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. 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. Inherit the biggest share of cable viewers in the 2020 election reached $ 14,..., gave $ 500,000 mostly to Democrats he would take a hands-on approach at CNN and other brass. As we scoured the FEC database hours before it happened spending in the stages. The sudden ouster of CNN boss Jeff Zucker to hang at his Hamptons parties and... 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