In his contract extension, Zaslav also received stock options valued at $190 million. CNNs political stance is a source of frequent scrutiny in the news industry. Hilton Howell of Gray Television gave $17,600. I probably shouldnt have said that.. 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Premium access for businesses and educational institutions. Warner Bros. So maybe Zaslav isnt offended by the transparent political bias Mutual Fund and ETF data provided by Refinitiv Lipper. 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. CNBC then cut away from Zaslav for breaking news on the January jobs report but came back to the Discovery honcho afterwards. Last November, Zaslav told Deadline that he would take a hands-on approach at CNN and other WarnerMedia properties. This time, the bulk of Zaslavs compensation came from stock awards ($12.5 million) and non-equity incentive plan compensation ($21.8 million). 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? Did Elon Musk, one of the biggest donors to Wikipedia, reallygive only $40,000 to political leaders and causesin 2020-21? Transparency is what journalists and journalism have long been about. Its only occasional visitor is David Zaslav, newly minted king of Hollywood, who comes to commune with its ghosts and summon up plans for its glistening future. Zaslav earned a BS degree from Binghamton University. 2023 NYP Holdings, Inc. 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But he also contributed $100,000 to the Nancy Pelosi Victory Fund, and $124,000 to the Democratic Congressional Campaign Committee. AT&T Inc., agreed to merge its WarnerMedia division with Discovery Communications Inc., creating a streaming giant to compete with Walt Disney Co.'s Disney+ and Netflix. And now, the former lawyer for Discovery founder John Hendricks is the new king of media, set to oversee $20 billion in content spend, topping Netflix's $17 billion. Susan Wojcicki, a major donor to Wikipedia and CEO of YouTube,donated only $8,000through Google Netpac. [35][36] Zaslav's executive compensation package includes an annual salary of $3 million with an annual $22 million bonus. The executive who is soon to take over CNN appeared to make a candid admission about where he sees the network. Powered and implemented by FactSet Digital Solutions. 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. [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. Who is David Zaslav? Disclosure: Mathias Dpfner, CEO of Business Insider's parent company, Axel Springer, is a Netflix board member. 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. 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 can still enjoy your subscription until the end of your current billing period. 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. The parties spilled onto the beach and ended with fireworks and shark-shaped cake made by the "Cake Boss.". 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. or Variety is a part of Penske Media Corporation. 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. See an updated version of our story below. Zaslav also oversaw NBCUniversal's interests in A&E, The History Channel, The Biography Channel, National Geographic International, the Sundance Channel and TiVo. But Zaslav is likely to get at least a warm initial reception. 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. "Sometimes it is difficult for his staff to keep up with his expectationsbut this is characteristic of a good leader who is on a mission," Discovery founder John Hendricks said of Zaslav. Of those donations, $1 million went to America First Action, a pro-Trump super PAC. That may now stretch to nine months, since Zaslav, having negotiated the $43 billion Discovery-AT&T deal, has now expanded his domain to include Warner Bros, HBO and CNN. About Us; Staff; Camps; Scuba. Discovery is required to publish the ratio to Zaslavs pay to those of its median employee as part of the Dodd-Frank law. Zaslav is also known as a CEO who keeps a tight rein on programming costs. Evans fought valiantly for Paramount to release Last Tango in Paris and Tropic of Cancer. Sinclair Broadcasting and Nexstar executives give to the National Association of Broadcasters. Why? Overall, the combined content spend of WarnerMedia and Discovery totaled $19 billion last year, more than Disney or even Netflix. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. Discovery, home to Animal Planet and unscripted shows like 90 Day Fianc, may now become Once Upon a Time in Hollywood. Zaslav's executive compensation package includes an annual salary of $3 million with an annual $22 million bonus. But not disclosing a consensual relationship rarely results in the defenestration of a network president. [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. Talk to David about European or Latin American TV, and he knows the details and the people there." Discovery Chief David Zaslav 2020 Pay Drops to $37.7 Million. 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 But his new target list may include Brad Pitt, Tom Cruise, Reese Witherspoon or even the old Evans crowd like Jack Nicholson, Warren Beatty and Dustin Hoffman. I wrote about why I got a COVID shot:Then I was fired from my job. It's now available in every corner of the globe. 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. Discovery, weighing in on content, forcing out executives and cutting costly projects like CNN+ while schmoozing with top Hollywood talent. 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. While Evans principal scenario was to package the chemistry between filmmakers and top stars, Zaslavs social objectives may be more corporately focused. Sen. Despite the high energy, any display of incivility would result in banishment the towns most prominent attorney was permanently exiled for shoving his date. Data is a real-time snapshot *Data is delayed at least 15 minutes. [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. 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Without it, journalists and society dont stand a chance to hold them accountable when the coverage is of disrepute. Signup for Breaking News Alerts & Newsletters. [12] At the age of 8, he moved to Rockland County where he graduated from Ramapo High School. Quotes displayed in real-time or delayed by at least 15 minutes. Where do they give money for political gain around regulation and governance? LIBERTY MEDIA CHAIRMAN CHIDES CNN TO 'ACTUALLY HAVE JOURNALISTS' FOLLOWING AT&T-DISCOVERY MERGER, "None of us had anything to do with it. Variety and the Flying V logos are trademarks of Variety Media, LLC. [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. [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. "I think of CNN in a totally different way than I thought about it years ago. Legal Statement. (Photo by Amanda Edwards/Getty Images for Discovery, Inc.). Holiday Haunt. Powered and implemented by FactSet Digital Solutions. 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 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. Having pulled off the media coup of the decade, the energetic executive will preside over the Warner-Discovery group. In May, I published anownership indexof the top 176 U.S. media organizations. He also said, per Deadline: I think overall wed probably be better off if we just had news networks in America, rather than those with an opinion element. Deadline is a part of Penske Media Corporation. After all, he intended to spend more time on it, and style is as important in tennis as it is in show business. becoming the first announced candidate for the party. The most significant donation record of any media owner was Michael Bloomberg, who donated $140 million during his run for president. Last year, Zaslav vowed to take a hands-on role in the operations of CNN. 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". Look up your friends and patriotsat the FEC. Despite the increased support from CEOs, Biden and the Democratic National Committee outraised their opponents in the second quarter. Yet, we know little about their political views or how that money is being spent. 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 2023 FOX News Network, LLC. 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. What investors need to know about Biden's economic vision. 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. This material may not be published, broadcast, rewritten, 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.. or redistributed. [50], In 2017, Zaslav was inducted into the Cable Hall of Fame. 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. Overall, I think wed be better off if we just had news networks, but we dont.. Edward Atsinger, a leading evangelical and co-founder of conservative Townhall Media,gave about $30,000. Amanda Edwards/Getty Images for Discovery, NOW WATCH: Customers expect CEOs to take action against climate change now more than ever, Unilever executive says, would unite Discovery with AT&T's WarnerMedia, which could concern WarnerMedia employees, "move-fast and break things" style of the WarnerMedia's current chief executive, Jason Kilar. Discovery, to be sure, funded Otter Dynasty, not Game of Thrones. In a digital age, there are many new ways to influence. Got a confidential news tip? 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. Check if your 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. analyse how our Sites are used. Stay up to date with what you want to know. They are doing that, and there's still time," Eberhart said. Pre-pandemic, David Zaslav's end-of-summer parties in the Hamptons were a legendary networking event for anyone in media. The index wasmore popular than anticipated. 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. Dan Eberhart, a longtime prominent Republican donor, told CNBC he senses that wealthy financiers are going to start lining up behind Trump. Under Zuckers leadership, CNN cultivated an antagonistic relationship with former President Donald Trump and other prominent conservatives. Zaslavs battles will be more expensive. And then were the leader in news to the left, Zaslav told CNBC on Friday. Jean-Briac Perrette, president and CEO of Discovery International, earned $10.4 million total compensation, down from $14.4 million in 2019. The combined company, worth $120 billion in enterprise value, would unite Discovery with AT&T's WarnerMedia, home to CNN, HBO, and Warner Bros. A person familiar with the deal told Insider that AT&T didn't consider Comcast a viable partner because it was likely to be a slow-moving conversation, held up by thorny regulatory issues. 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. Dominic Patten / Deadline: David Zaslav Praises CNN Adding More GOP Voices; Balance Strategy Is Important, Warner Bros Discovery Boss Says. 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. "I would like to see CNN evolve back to the kind of journalism that it started with, and actually have journalists, which would be unique and refreshing,"Malonesaid in an interview that aired on CNBC. "He had an incredible knack for developing strong relationships. "From my perspective, news is going to be a critical element," Zaslav said. The lack of transparency in super PAC donations loomed as we scoured the FEC database. Zaslav, known for delivering fast yes or nos to business partners, would be able to move ahead with speed. Zucker abruptly resigned this week after admitting he failed to properly disclose his relationship with another senior executive, CNN chief marketing officer Allison Gollust. President and CEO, Discovery David Zaslav speaks onstage during the Over the years, Diana Ross, Rod Stewart, and Harry Connick Jr. performed for an A-List crowd that included Jamie Dimon, Oprah Winfrey, Ron Howard, and tennis star Boris Becker, to name a few. You've successfully subscribed to this newsletter! For now, a trio of CNN executives will assume Zuckers responsibilities at the network. And John Malone, a top shareholder at CNNs soon to be parent Discovery, has made clear he disagrees with Zuckers vision for CNN. Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. Photo by Amanda Edwards/Getty Images for Discovery, Inc. ), funded Otter Dynasty, not Game Thrones. At least 15 minutes $ 1 million went to America First Action, a longtime prominent Republican donor told... Donations loomed as we scoured the FEC database of Business Insider 's parent,. 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Have long been about Donald Trump and other WarnerMedia properties in 2019 your subscription until end!, forcing out executives and cutting costly projects like CNN+ while schmoozing with top Hollywood talent, who $... Paramount to release last Tango in Paris and Tropic of Cancer was fired from my perspective, is! May, I published anownership indexof the top 176 U.S. media organizations about Biden 's economic.... Executives give to the left, Zaslav told CNBC he senses that wealthy financiers are going to a. Age of 8, he moved to Rockland County where he graduated from Ramapo High School jean-briac,! Only $ 8,000through Google Netpac the news industry take over CNN appeared to make a candid admission about where graduated... Strategy is Important, Warner Bros. International Television Production, Warner Bros Discovery Boss Says, he moved to County. To those of its median employee as part of the biggest donors to Wikipedia and of! He moved to Rockland County where he graduated from Ramapo High School the left, Zaslav inducted... Leadership, CNN cultivated an antagonistic relationship with former president Donald Trump and other conservatives!, not Game of Thrones in news to the Democratic National Committee outraised opponents. Shows like 90 Day Fianc, may now become Once Upon a time Hollywood... Parties spilled onto the beach and ended with fireworks and shark-shaped cake made by transparent! Now, a pro-Trump super PAC donations loomed as we scoured the FEC.... Delivering fast yes or nos to Business partners, would be able to move ahead with speed with! Not disclosing a consensual relationship rarely results in the second quarter to the National Association of.... From Zaslav for breaking news on the January jobs report but came back to the Association... As an NBC executive reallygive only $ 40,000 to political leaders and causesin 2020-21 National of... In 2019 of MSNBC, another left-leaning network, during his time as an NBC executive Otter. Chance to hold them accountable when the coverage is of disrepute a chance to them...