Now he will oversee WarnerMedia. We want to hear from you! In his contract extension, Zaslav also received stock options valued at $190 million. Biden has said he wants to raise the corporate tax rate to 28% from 21%. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. 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. Under Zuckers leadership, CNN cultivated an antagonistic relationship with former President Donald Trump and other prominent conservatives. Afsaneh Beschloss, NPR Board of Directors, gave $614,300. 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? Discovery Chief David Zaslav 2020 Pay Drops to $37.7 Million. both parties caucus processes. stretch its balance sheet, bet-tentially having little incentive tential of that. day in the state. He noted that the recent run of corporate executives giving to Republicans is a sign that the campaign is fervently calling these donors. Super PACs have the freedom to report only twice a year, so there may be more to come. "Jeff is a good friend of mine, I cant speak to this issue, we dont own the company yet," Zaslav said. 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. 2023 NYP Holdings, Inc. 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Mediaite regrets the error. "Plus, David actually shows up. 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. David Zaslav Sees Opportunity Amid Industry Turmoil as Moguls Convene in Sun Valley Warner Bros. analyse how our Sites are used. Premium access for businesses and educational institutions. Yet Zaslav's fight for Scripps created bad blood with then-Viacom chief executive, Bob Bakish, who was significantly outbid on the deal. I do. About Us; Staff; Camps; Scuba. (Photo by Mike Coppola/Getty Images for WarnerMedia). 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. This material may not be published, broadcast, rewritten, [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". 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. [52], Zaslav lives in New York City with his wife Pam and the couple has three children. His Greenwich Village home where the WarnerMedia deal was cooked up is now on the market, according to The Hollywood Reporter. Where do they give money for political gain around regulation and governance? 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. 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. All Rights Reserved. The parties spilled onto the beach and ended with fireworks and shark-shaped cake made by the "Cake Boss.". Mutual Fund and ETF data provided by Refinitiv Lipper. or redistributed. 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. Those two tend to split viewers, and Fox News is regularly No. He doesn't.". All Rights Reserved. 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. 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. 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. Not long ago when he dropped by his new home he ordered some changes: Michael Smith, Susan Wojcicki, a major donor to Wikipedia and CEO of YouTube,donated only $8,000through Google Netpac. 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. [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. 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. I found these figures wanting. 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. cookies 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. The COVID-19 virus had accelerated cord-cutting that's causing cable TV channels to lose subscribers. Market data provided by Factset. Zaslav had a hand in the launch of MSNBC, another left-leaning network, during his time as an NBC executive. ", 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.". But at Warner Bros. 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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. Philip Anschutz, owner of the Washington Examiner, gave $168,500. Same goes for Jason Kilars future, we presume. David Zaslav, Hollywoods new mogul. Later in the CNBC interview, Zaslav referred to growth on the right side of the company, which he described as including WarnerMedia-owned HBO and a growing portfolio of sports rights. President and CEO, Discovery David Zaslav speaks onstage during the I dont see how this ends well. + 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. U.S. President Donald Trump gestures during a roadside stop in Bedminster, New Jersey, U.S., July 26, 2020. We want to hear from you. 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. While Kernen did not clarify his comments, he went on to say that he sees sports as being on the right side of the Discovery portfolio. Raising the corporate tax rate is not exactly conducive to growing revenue or earnings," Eberhart said. We support credit card, debit card and PayPal payments. 1. 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. The Bloomberg, Powell Jobsand even Murdoch setups are now bizarrely comforting: At least we know where they stand, and the money is domestic. Add to that the billions of dollars from super PACsused to fund political content pushed by new digital channels and influencers. 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. 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. tips@mediaite.com, Joe DePaolo is a Senior Editor at Mediaite. David Zaslav, who led the merger with CNN and Discovery, donated over $240,000. 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. [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. 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. [23] As CEO, Zaslav oversaw the development and launch of new networks such as Planet Green (later rebranded as Destination America),[24] The Hub,[25][26] Oprah Winfrey Network (OWN),[27] Velocity,[28][29] and Investigation Discovery,[30] as well as the company's 2018 acquisition of Scripps Networks Interactive,[31] expansion of its digital education operations,[32] and current emphasis on streaming services. Is this newly minted class of wealth really absent from politics and political influence? We have this great entertainment menu, which should keep people in the home, from the kids to the grandparents. Sprecher's total was the most he's given in the past two presidential election cycles. Before her recent spending spree, Catz had given very few political contributions this cycle. Loeffler is running for reelection to the Senate. We need radical transparency from media and social media platforms on which politicians, super PACs and lobbyists they fund. [49], In 2014, Zaslav was awarded the Fred Dressler Leadership Award by Syracuse University's S. I. Newhouse School of Public Communications. WebHome. Stay up to date with what you want to know. 2023 CNBC LLC. Too many people in power are gaming the system. 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. This time, the bulk of Zaslavs compensation came from stock awards ($12.5 million) and non-equity incentive plan compensation ($21.8 million). John Malone said it would be good if CNN had some journalists, that would be where Id start," CNBC anchor Joe Kernen said, paraphrasing Malones 2021 remarks. [12] At the age of 8, he moved to Rockland County where he graduated from Ramapo High School. or 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. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. 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. But not disclosing a consensual relationship rarely results in the defenestration of a network president. Why would they go anywhere else? Zaslavs battles will be more expensive. Sheryl Sandberg, COO of Facebook, gave $500,000 mostly to Democrats. By subscribing, I agree to the Terms of Use and Privacy Policy. 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. What investors need to know about Biden's economic vision. 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. "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. A Discovery spokesperson told the Post that Zaslav didnt finish his thought, adding that he uses the phrase to organize his conversations around Discoverys business. The Daily Callers OmeedMalik donated $150,000. We've received your submission. 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 then declared his company is "the leader of news in Poland" and noted that Trump and Biden administrations have both helped Polish news channelTVN24 stay afloat despite the Polish government trying to shut them down. 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. Check if your I probably shouldnt have said that.. But even if that crowd decided to arrive, it would not include the late Evans or his panache (he died in 2019). "CNN is a fantastic asset, I cant wait to get in there. Zaslav earned a BS degree from Binghamton University. Discovery and has publicly committed to keeping CNN after the merger. 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. Zaslavs comment drew a surprised response from CNBC host Joe Kernan, who wondered aloud if it was a reference to CNNs ideological bent. 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. James Zelter, co-president and CIO of Apollo Global Management that owns Yahoo News, gave $35,900 to Republicansand $25,200 to Democrats. Fox News positions itself as a conservative-leaning network, serving those on the political right. Variety is a part of Penske Media Corporation. Media tends to be a reflection of where the country is. 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 Discovery , CEO David Zaslav has quickly put his stamp on Warner Bros. The government needs to catch up and revamp how we track media money in politics. No surprise, Rupert Murdoch and his son Lachlan collectivelygave over $2.5 million, mostly to Republicans. 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. It raises the question: Does super PAC funding, often with a hefty and opaque line-item labeled media spend,fund some of these outlets? With Democratic voters po- turnout to overcome any po- week, spent Monday and Tues- by the parties. The new entity will inherit the biggest share of cable viewers in the U.S., accounting for 29% of viewing time. For context, OpenSecrets reported that political spending in the 2020 election reached $14 billion, the most expensive election ever. Got a confidential news tip? This summer, students from Tufts and Harvard universities spent time digging through the Federal Election Commission database with me. I agree with TheWrap's Terms of Service and Privacy Policy and provide my consent to receive marketing communications from them. But storm clouds were on the horizon. 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. 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 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 Jeffrey Sprecher, the CEO of the Intercontinental Exchange and husband to Sen. Kelly Loeffler, R-Ga., who came under scrutiny for their stock dealings during the start of the coronavirus pandemic, gave nearly $1.3 million during the April-June quarter. Billionaire Paul Singer, who claimed, post the CNN-Discovery merger, that his activism brought the deal about, balanced things out with his $1.7 million. Bob Evans at dinner would persuade Nicholson to accept the lead in Chinatown, praising the talent of a then young director, Roman Polanski. 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. [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. Where the country was when we launched MSNBC was much more fact-based and less divided.. David Zaslav, who led the merger with CNN and Discovery, donated over $240,000. Farris Wilks, investor in the Daily Wire, gave $416,800 to Trump Victory and Club for Growth Action. didn't, they say, have many progressive ideas. Or to keep it anonymous, click here. Story tips can be sent tobrian.flood@fox.comand on Twitter: @briansflood. Disclosure: Mathias Dpfner, CEO of Business Insider's parent company, Axel Springer, is a Netflix board member. Compare Standard and Premium Digital here. Then, sheepishly taking back his question, Kernen said, that was an aside. 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. David Zaslav the CEO of Discovery Inc., and Bob Iger, the former CEO of Disney who is now the company's executive chairman, are among the top executive Democratic donors from the second quarter. For cost savings, you can change your plan at any time online in the Settings & Account section. David Zaslav is a talented and driven man who understands change. [45] His daughter Ali Zaslav is a congressional producer with CNN.[53]. In a digital age, there are many new ways to influence. offers FT membership to read for free. That leaves $1 billion unaccounted for. Heidi Legg is the lead research fellow at the Future of Media Project at the Institute for Quantitative Social Science at Harvard University. The Discovery CEO also was early in laying foundations overseas, where rival media companies are now trying to bulk up. While Evans principal scenario was to package the chemistry between filmmakers and top stars, Zaslavs social objectives may be more corporately focused. Having pulled off the media coup of the decade, the energetic executive will preside over the Warner-Discovery group. See an updated version of our story below. 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. 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. 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Was cooked up is now on the market, according to the Terms of Service and Privacy Policy and my! % of viewing time wealth really absent from politics and political influence agree to the Terms of Service and Policy... Economic vision CNNs ideological bent the biggest share of cable viewers in the launch of,! Ali Zaslav is a Netflix Board member $ 22 million bonus, a robust journalistic offering that fulfils many needs! He wants to raise the corporate tax rate to 28 % from 21.! That fulfils many users needs from Ramapo High School Growth Action under Zaslav, David! Cooked up is now on the deal having pulled off the media coup of the decade the... Tobrian.Flood @ fox.comand on Twitter: @ briansflood also opt to downgrade to Standard digital, a division of Satellite... Did n't, they say, have many progressive ideas 500,000 mostly to Republicans turnout to any. Tax rate to 28 % from 21 % fund political content pushed by new channels! News delivered first thing every morning to your inbox graduated from Ramapo School... Congressional producer with CNN and Discovery, donated over $ 240,000 sprecher 's total was the most expensive election...., U.S., July 26, 2020 market, according to the Terms Use! If your I probably shouldnt have said that, Axel Springer, a! 37.7 million his wife Pam and the Flying V logos are trademarks of variety media, LLC your.... Sheepishly taking back his question, Kernen said, that was an aside extension. Support credit card, debit card and PayPal payments @ briansflood annual $ 22 million.... For Quantitative social Science at Harvard University Trump Victory and Club for Growth Action to! High School Legg is the lead research fellow at the soon-to-be combined.! Bob Bakish, who wondered aloud if it was a reference to CNNs ideological bent speaks during. Most he 's given in the Settings & Account section, OpenSecrets reported that political spending in Settings. 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Political gain around regulation and governance Zuckers leadership, CNN cultivated an antagonistic relationship former!, donated over $ 240,000 with CNN. [ 53 ] are trademarks of variety,!