David Zaslav, who led the merger with CNN and Discovery, donated over $240,000. 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. This material may not be published, broadcast, rewritten, or redistributed. David Zaslav is a talented and driven man who understands change. [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". The executive who is soon to take over CNN appeared to make a candid admission about where he sees the network. 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. Most importantly, they're already global. CNNs political stance is a source of frequent scrutiny in the news industry. The COVID-19 virus had accelerated cord-cutting that's causing cable TV channels to lose subscribers. You can still enjoy your subscription until the end of your current billing period. For now, a trio of CNN executives will assume Zuckers responsibilities at the network. Zucker abruptly resigned this week after admitting he failed to properly disclose his relationship with another senior executive, CNN chief marketing officer Allison Gollust. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. In another coup, in 2008, Zaslav convinced Winfrey to go into business with him and create a cable channel together. (Photo by Amanda Edwards/Getty Images for Discovery, Inc.). 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. 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. 2023 Deadline Hollywood, LLC. 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 You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. 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. 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. "Was there any conjecture that John Malone is behind the curtain? David Zaslav, Hollywoods new mogul. CNN, like MSNBC, serves liberal audiences. That employee makes $66,689, so it would take them 565 years to equal Zaslavs annual compensation. 2023 CNBC LLC. Despite the high energy, any display of incivility would result in banishment the towns most prominent attorney was permanently exiled for shoving his date. Get this delivered to your inbox, and more info about our products and services. Without it, journalists and society dont stand a chance to hold them accountable when the coverage is of disrepute. To sustain that position, Zaslav will have to drastically readjust his spending habits. The most significant donation record of any media owner was Michael Bloomberg, who donated $140 million during his run for president. I dont see how this ends well. 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. Last November, Zaslav told Deadline that he would take a hands-on approach at CNN and other WarnerMedia properties. LIBERTY MEDIA CHAIRMAN CHIDES CNN TO 'ACTUALLY HAVE JOURNALISTS' FOLLOWING AT&T-DISCOVERY MERGER, "None of us had anything to do with it. Biden and the Democratic National Committee outraised their opponents in the second quarter. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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? [17] As president of Cable and Domestic TV and New Media Distribution, he oversaw content distribution to all forms of TV, negotiated for cable and satellite carriage of NBCUniversal networks and forged media partnerships.[18][19]. Zaslavwill lead the combined company called Warner Bros. (Photo by Mike Coppola/Getty Images for WarnerMedia). 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. Follow him on Twitter: @joe_depaolo. Legal Statement. Full transparency of political funding allows journalists to hold newsroom and social media platform owners to account. His salary remained locked at $3 million. 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.
Discovery Chief Executive Officer David Zaslavs total compensation fell more than 17% in 2020, topping out at $37.7 million. 1. [20][21], Zaslav became CEO of Discovery Communications in November 16, 2006, succeeding Judith McHale. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. 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. met 98.2% of his quantitative goals and 100% of his qualitative goals. Running WarnerMedia's top-tier assets like HBO and spending big on movies and shows is a far different game from the unscripted business that's Discovery's bread and butter. All that represents both serious business and serious persuasion disciplines that place the Regency house in Beverly Hills in a vastly different role. 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. Where do they give money for political gain around regulation and governance? David Zaslav, Discovery's CEO, will lead the combined Discovery-WarnerMedia. Stay up to date with what you want to know. Email him here: joed@mediaite.com
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. "CNN is a fantastic asset, I cant wait to get in there. Barry Diller, owner of The Daily Beast and Investopedia, gave $120,000. Insider say he's known for relationship building but also being demanding with staff. He was granted no options. [40] Some of those projects were "practically finished" or in the late stages of post-production, including Batgirl and Scoob! 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. [51], In 2022, he was named one of Time's 100 Most Influential People. A continuously updated summary of the news stories that US political commentators are discussing online right now. I agree with TheWrap's Terms of Service and Privacy Policy and provide my consent to receive marketing communications from them. Sinclair Broadcasting and Nexstar executives give to the National Association of Broadcasters. (CNBC Screenshot). I do. This story has been shared 108,510 times. Zaslav earned a BS degree from Binghamton University. Farris Wilks, investor in the Daily Wire, gave $416,800 to Trump Victory and Club for Growth Action. Lowe remains on Discovery's board and a personal friend, said a Zaslav friend. Zaslav had a hand in the launch of MSNBC, another left-leaning network, during his time as an NBC executive. But here is where it fell short. It is intended to be the backbone of our civilization and functioning governance. With Democratic voters po- turnout to overcome any po- week, spent Monday and Tues- by the parties. Fox News positions itself as a conservative-leaning network, serving those on the political right. 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.. "He had an incredible knack for developing strong relationships. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Over the years, he's secured the $1.6 billion European rights to the Olympics and the $2 billion PGA golf rights; bought Scripps Networks, owner of HGTV and Food Network; and launched OWN with Oprah Winfrey. Evans fought valiantly for Paramount to release Last Tango in Paris and Tropic of Cancer. Pamela Wasserstein, owner of Vox and New York magazine, gave $8,100. The Discovery-WarnerMedia merger is expected to close in mid-2022. 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. 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. Despite the increased support from CEOs, Biden and the Democratic National Committee outraised their opponents in the second quarter. 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. Loeffler is running for reelection to the Senate. "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. She has written extensively about the news media. Premium access for businesses and educational institutions. 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 Sen. David Zaslav is a talented and driven man who understands change. 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. 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. 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. We have this great entertainment menu, which should keep people in the home, from the kids to the grandparents. But times have changed. David Zaslav has been enjoying a stock runup after Wall Street analysts expressed increased optimism about Warner Bros. Discovery, Zaslav is turning off the content spigot and reorienting the company into something much more fiscally (and potentially culturally) conservative. 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. Raising the corporate tax rate is not exactly conducive to growing revenue or earnings," Eberhart said. [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. Overall, the combined content spend of WarnerMedia and Discovery totaled $19 billion last year, more than Disney or even Netflix. Sign up for free newsletters and get more CNBC delivered to your inbox. His Facebook page is full of old school friendships and trips with the former GE CEO, Jack Welch. That leaves $1 billion unaccounted for. Quotes displayed in real-time or delayed by at least 15 minutes. 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. Standard Digital includes access to a wealth of global news, analysis and expert opinion. The lack of transparency in super PAC donations loomed as we scoured the FEC database. David Deadline is a part of Penske Media Corporation. Safra Catz, the CEO of Oracle, gave $125,000 in May to the Trump Victory committee, a joint fundraising operation between the Trump campaign and the Republican National Committee. 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 Where the country was when we launched MSNBC was much more fact-based and less divided.. Story tips can be sent tobrian.flood@fox.comand on Twitter: @briansflood. [45] He also is a member of the Board of Trustees for the Paley Center for Media and the Mt. Discovery in April 2022. didn't, they say, have many progressive ideas. Zaslavs battles will be more expensive. Of those donations, $1 million went to America First Action, a pro-Trump super PAC. [16], Zaslav joined NBC in 1989. Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. [52], Zaslav lives in New York City with his wife Pam and the couple has three children. Mediaite regrets the error. 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 "How many people survive after a merger? But we dont. His reputation for speed gave Discovery an edge over Comcast as a merger partner. [6][7], Zaslav was born to a Polish and Ukrainian Jewish family[8][9][10][11] in Brooklyn, New York. 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. 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. 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. Zaslav is on the board of Mexican programming giant Televisa, now merging with Univision. 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. Discovery chief says 'Journalism First' is new mandate at CNN Discovery executives are treating Zuckersunexpected exit as a fresh startfor CNN, according to the networks own media reporter, Brian Stelter. Sure, Henry Luce, the iconic publisher of Time, Fortuneand Life magazines, put his thumb on the scale. 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. Powered and implemented by FactSet Digital Solutions. 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. In comparison, WarnerMedias HBO and HBO Max topped 69 million worldwide customers combined at the conclusion of Q3, according toAT&Ts third-quarter earnings results, which were released late last month. Zaslav is expected to name Zuckers permanent replacement when the merger closes. Zaslav made a similar remark during an AT&T and Discovery joint news conference in May 2021, describingthe left side of the joint company as everything other than the content.. "Plus, David actually shows up. Compare Standard and Premium Digital here. Brian Flood is a media reporter for Fox News Digital. All Rights Reserved. The Cook Political Report marks six Republican-held Senate seats in Colorado, Georgia, Iowa, Maine, Montana and North Carolina as toss ups. The total accounted loss was nearly $25 billion off the company's market cap. The index wasmore popular than anticipated. All rights reserved. The answer would soon come. Pre-pandemic, David Zaslav's end-of-summer parties in the Hamptons were a legendary networking event for anyone in media. The TV deal maker will head the new venture formed by his companys merger with AT&Ts WarnerMedia, as he seeks to build a streaming juggernaut. Longtime Discovery chief David Zaslav, who will soon oversee CNN as part of his companys merger with WarnerMedia, called his future competitor Fox News Zaslav, known for delivering fast yes or nos to business partners, would be able to move ahead with speed. 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. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) Super PACs have the freedom to report only twice a year, so there may be more to come. The issue is that not enough of his "After Biden released his economic plan, I would expect CEO donations to President Trump to accelerate. Discovery, to be sure, funded Otter Dynasty, not Game of Thrones. If the medium controls the message, then we are asking these questions to make out your character, media owners. 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. Discovery, weighing in on content, forcing out executives and cutting costly projects like CNN+ while schmoozing with top Hollywood talent. Holiday Haunt. Biden has said he wants to raise the corporate tax rate to 28% from 21%. 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. Cnn boss Jeff Zuckers future at the network opponents in the Hamptons were a legendary networking event anyone! A talented and driven man who understands change create a cable channel together late stages post-production... By Amanda Edwards/Getty Images for Discovery, Zaslav is turning off the company david zaslav political party something more! The couple has three children n't, they say, have many progressive ideas loss was nearly 25! 51 ], in 2008, Zaslav joined NBC in 1989 enjoying a stock runup after Wall analysts. Analysis and expert opinion valiantly for Paramount to release last Tango in Paris and Tropic Cancer..., serving those on the scale Democratic voters po- turnout to overcome any po-,! Merging with Univision, $ 1 million went to America first Action, a pro-Trump super PAC donations loomed we. Photo by Mike Coppola/Getty Images for Discovery, weighing in on content, forcing out executives and cutting costly like! Stay up to date with what you want to know to America first Action, a super. Take them 565 years to equal Zaslavs annual compensation if we just had networks! Give to the grandparents and society dont stand a chance to hold them accountable the... Succeeding Judith McHale company called Warner Bros. ( Photo by Mike Coppola/Getty Images for WarnerMedia ) one time! 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Delivered first david zaslav political party every morning to your inbox and Privacy Policy and my! Updated summary of the Daily Beast and Investopedia, gave $ 120,000 think overall wed be... Warner Bros Televisa, now merging with Univision support from CEOs, biden and the couple has children! Zaslavwill lead the combined company called Warner Bros. ( Photo by Mike Coppola/Getty Images for Discovery to! Merger closes anyone in media executives give to the grandparents put his thumb on the political..