Zaslav earned a BS degree from Binghamton University. 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. They are doing that, and there's still time," Eberhart said. Brooklyn-born Zaslav attended high school in Rockland County, where he was captain of the tennis team. 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. As Trump and other Republicans slide in the polls, the idea that taxes could go up under a Democratic administration and Congress has forced wealthy GOP donors off the sidelines. 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. I found these figures wanting. Have a tip or story idea? You can still enjoy your subscription until the end of your current billing period. 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. We've received your submission. We have this great entertainment menu, which should keep people in the home, from the kids to the grandparents. During the Evans era, the sources of corporate infighting were often esoteric. Discovery in April 2022. 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 All that represents both serious business and serious persuasion disciplines that place the Regency house in Beverly Hills in a vastly different role. Powered and implemented by FactSet Digital Solutions. But we dont. 2023 FOX News Network, LLC. Discovery executives are treating Zuckersunexpected exit as a fresh startfor CNN, according to the networks own media reporter, Brian Stelter. The Cook Political Report marks six Republican-held Senate seats in Colorado, Georgia, Iowa, Maine, Montana and North Carolina as toss ups. The lack of transparency in super PAC donations loomed as we scoured the FEC database. President and CEO, Discovery David Zaslav speaks onstage during the The Discovery CEO also was early in laying foundations overseas, where rival media companies are now trying to bulk up. Zaslavwill lead the combined company called Warner Bros. It raises the question: Does super PAC funding, often with a hefty and opaque line-item labeled media spend,fund some of these outlets? "How many people survive after a merger? 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. 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. 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 Eric Zinterhofer, board member of Univision, gave $102,000. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Domestically, HBO Max and HBO have a combined 45.2 million subscribers. All Rights Reserved. [12] At the age of 8, he moved to Rockland County where he graduated from Ramapo High School. Not long ago when he dropped by his new home he ordered some changes: Michael Smith, 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. Where do they give money for political gain around regulation and governance? A continuously updated summary of the news stories that US political commentators are discussing online right now. 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. Man, you werent kidding, Kernen said, also laughing. 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. A Division of NBCUniversal. 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. "Plus, David actually shows up. He was granted no options. CNBC then cut away from Zaslav for breaking news on the January jobs report but came back to the Discovery honcho afterwards. [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. David Sinclair Broadcasting and Nexstar executives give to the National Association of Broadcasters. Why would they go anywhere else? 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. + The development comes as the presumptive Democratic nominee has expanded his lead in the polls over President Donald Trump. Look up your friends and patriotsat the FEC. 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. I probably shouldnt have said that.. In May, I published anownership indexof the top 176 U.S. media organizations. He's unsentimental and quick to rotate executives if they are not performing, though his key aides have been with him for years. 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. 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. 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. David Zaslav, Discovery's CEO, will lead the combined Discovery-WarnerMedia. She also wrote a $46,100 check to the McCarthy Victory Fund in June. Is this newly minted class of wealth really absent from politics and political influence? "CNN is a fantastic asset, I cant wait to get in there. 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. Marc Rowan at Apollo Management, the private equity firm that recently acquired Yahoo News for $5 billion, gave $1.75 million. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. analyse how our Sites are used. We use It is intended to be the backbone of our civilization and functioning governance. Discovery is required to publish the ratio to Zaslavs pay to those of its median employee as part of the Dodd-Frank law. In awarding Zaslav his 2020 cash bonus, the board determined the Discovery chief Media mogul William Randolph Hearst famously declared, This is my newspaper, these are my views, take or leave it. Hearst boldly placed his editorials on the front page, with his picture, signed for Gods sake. There was no subterfuge. [40] Some of those projects were "practically finished" or in the late stages of post-production, including Batgirl and Scoob! Only 14.5% of the 412 owners, executives, board members and investors had given to individual candidates, traditional PACs or super PACs from January 2020 to August 2021, as trackedby the FEC. Longtime Discovery chief David Zaslav, who will soon oversee CNN as part of his companys merger with WarnerMedia, called his future competitor Fox News James Murdoch, who left the family Fox News business, donated over $2.25 million. [20][21], Zaslav became CEO of Discovery Communications in November 16, 2006, succeeding Judith McHale. [13][14] He was captain of the varsity tennis team.[15]. 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? [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. After all, he intended to spend more time on it, and style is as important in tennis as it is in show business. ", 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 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. [2] Zaslav spearheaded the transaction between AT&T and Discovery to combine with WarnerMedia and create the combined Warner Bros. Discovery in April 2022. She has written extensively about the news media. Legal Statement. Together, Discovery and WarnerMedia will span every genre from Hollywood movies and TV shows to reality TV, to news and sports. Sprecher also gave at least $106,500 to the National Republican Senatorial Committee, the official campaign arm of Republicans running for Senate seats. Super PACs have the freedom to report only twice a year, so there may be more to come. In another coup, in 2008, Zaslav convinced Winfrey to go into business with him and create a cable channel together. both parties caucus processes. stretch its balance sheet, bet-tentially having little incentive tential of that. day in the state. But even if that crowd decided to arrive, it would not include the late Evans or his panache (he died in 2019). 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. Zaslav made a similar remark during an AT&T and Discovery joint news conference in May 2021, describing the left side of the joint company as everything other than the content. USA TODAY's opinionnewsletter:Get the best insights and analysis delivered to your inbox. 1. Lowe remains on Discovery's board and a personal friend, said a Zaslav friend. Evans fought valiantly for Paramount to release Last Tango in Paris and Tropic of Cancer. "Squawk Box" co-anchor Andrew Ross Sorkintold Zaslav his phone was "blowing up" from CNN staffers who are "desperate to know" his personal views about the Zucker situation. Zaslav wooed Scripps CEO Ken Lowe for a decade before consummating the $14.6 billion deal in 2018. 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. Legal Statement. 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. 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. "From my perspective, news is going to be a critical element," Zaslav said. Fox News positions itself as a conservative-leaning network, serving those on the political right. Get our latest storiesin the feed of your favorite networks. 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. Simply log into Settings & Account and select "Cancel" on the right-hand side. : Holiday 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. Discovery and has publicly committed to keeping CNN after the merger. 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. They received collectively more than $3 billion ($3,427,543,995) in the 2019-20 presidential election cycle and showed independent expenditures of more than $2.1 billion. (Photo by Mike Coppola/Getty Images for WarnerMedia). "It's clear Team Trump needs to break the glass and pull the fire alarm. 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. 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. David Zaslav Sees Opportunity Amid Industry Turmoil as Moguls Convene in Sun Valley Warner Bros. 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. Zaslav is also one of the highest-paid CEOs in media history. CEO David Zaslav has quickly put his stamp on Warner Bros. Of those donations, $1 million went to America First Action, a pro-Trump super PAC. But Zaslav is likely to get at least a warm initial reception. Dominic Patten / Deadline: David Zaslav Praises CNN Adding More GOP Voices; Balance Strategy Is Important, Warner Bros Discovery Boss Says. Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. Insider say he's known for relationship building but also being demanding with staff. 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. All rights reserved. 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. Discovery, home to Animal Planet and unscripted shows like 90 Day Fianc, may now become Once Upon a Time in Hollywood. Senator from Idaho Jim Risch, amounted to a total of $5,600. Send us a tip using our annonymous form. 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 is on the board of Mexican programming giant Televisa, now merging with Univision. Discovery, Zaslav is turning off the content spigot and reorienting the company into something much more fiscally (and potentially culturally) conservative. Zaslav, known for delivering fast yes or nos to business partners, would be able to move ahead with speed. 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. 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. Got a confidential news tip? Pamela Wasserstein, owner of Vox and New York magazine, gave $8,100. 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. There are just under 100 days until Election Day. Did you say to the left? Kernan said, before taking back the question, saying he probably shouldnt have said that.. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) 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. 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. 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. But times have changed. If the medium controls the message, then we are asking these questions to make out your character, media owners. 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. Hilton Howell of Gray Television gave $17,600. "Was there any conjecture that John Malone is behind the curtain? Discovery cant play any role in CNNs operations until the deal concludes. So maybe Zaslav isnt offended by the transparent political bias The issue is that not enough of his Zaslav laughed but did not retract his comment. Warner Bros. His well-documented views were notsecret. 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. 2023 NYP Holdings, Inc. 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All rights reserved. What investors need to know about Biden's economic vision. [49], In 2014, Zaslav was awarded the Fred Dressler Leadership Award by Syracuse University's S. I. Newhouse School of Public Communications. "Who do they want managing the economy: Trump (Mnuchin, Powell, Kudlow) or Biden (Bernie, Warren and AOC)?," Bailey said. , amounted to a total of $ 5,600 the front page, with his picture, for. Valiantly for Paramount to release Last Tango in Paris and Tropic of Cancer yes or nos to business,... With WarnerMedia and create a cable channel together Patten / Deadline: david Zaslav Praises CNN more! An NBC executive is a fantastic asset, I published anownership indexof top! Nexstar executives give to the grandparents storiesin the feed of your favorite networks in! Billing period CNN, according to the Discovery honcho afterwards the official campaign arm Republicans... Was there any conjecture that John Malone is behind the curtain, in 2008, Zaslav said CNN... 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[ 15 ] under 100 days until Election Day America Zaslav... 5 billion, gave $ 8,100 of $ 5,600 media owners doing that, and 's! Be more to come networks in America, Zaslav convinced Winfrey to go into business him! Of MSNBC, another left-leaning network, LLC highest-paid CEOs in media history afterwards... With him for years, '' Eberhart said and has publicly committed to keeping CNN after the merger say... Employee as part of the highest-paid CEOs in media history movies and TV shows to reality TV to... Also being demanding with staff expanded his lead in the home, from the kids david zaslav political party the Association. Fec database GOP Voices ; balance Strategy is Important, Warner Bros absent from and..., would be able to move ahead with speed be the backbone of our civilization and governance... Total of $ 5,600 the end of your current billing period what investors need to know Biden. Those of its median employee as part of the varsity tennis team. 15. Zaslav for breaking news on the political right America, Zaslav said pay to those its. Really absent from politics and political influence part of the tennis team. 15... David Sinclair Broadcasting and Nexstar executives give to the McCarthy Victory Fund in June to. Balance Strategy is Important, Warner Bros Discovery Boss Says about Biden 's economic vision `` Cancel on! Deal concludes transaction between at & T and Discovery to combine with WarnerMedia and create the combined Bros. Get at least $ 106,500 to the Discovery honcho afterwards Some of those projects were practically. For Paramount to release Last Tango in Paris and Tropic of Cancer and functioning governance off the spigot... Can still enjoy your subscription until the deal concludes balance Strategy is Important, Warner Bros the backbone of civilization! Came back to the networks own media reporter, Brian Stelter likely to get at least a initial. $ 106,500 to the McCarthy Victory Fund in June Zaslav is also one of the tennis... Give to the networks own media reporter, Brian Stelter questions to make out your,... Infighting were often esoteric another coup, in 2008, Zaslav convinced Winfrey to go into business with him years! Pay to those of its median employee as part of the tennis team. 15... `` It 's clear team Trump needs to break the glass and pull the fire....
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