Zaslav needs the house as badly as it needs Zaslav. Email him here: joed@mediaite.com This material may not be published, broadcast, rewritten, or redistributed. 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. organisation Mutual Fund and ETF data provided by Refinitiv Lipper. All Rights Reserved. Mediaite regrets the error. 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. Yet Zaslav's fight for Scripps created bad blood with then-Viacom chief executive, Bob Bakish, who was significantly outbid on the deal. The Discovery-WarnerMedia merger is expected to close in mid-2022. 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This material may not be published, broadcast, rewritten, Deadline is a part of Penske Media Corporation. You may change or cancel your subscription or trial at any time online. 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? On Friday morning, he shocked CNBC hosts by calling the network 'the leader of news to the left'. 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. His Facebook page is full of old school friendships and trips with the former GE CEO, Jack Welch. Discovery in April 2022. 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. Eric Zinterhofer, board member of Univision, gave $102,000. That leaves $1 billion unaccounted for. Why? Variety is a part of Penske Media Corporation. 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. Usually you ditch people. 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. In an interview on CNBC Friday, Discovery CEO David Zaslav, as part of an assessment of his brands portfolio, took stock of CNNs place in the public consciousness and said this: CNBC host Joe Kernen immediately seized on the comment. The answer would soon come. 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. CNN, which has struggled to attract viewers during the Biden era,is part of the deal and many industry observers felt the decision to revert to more straight news began this week when Zucker was forced out. 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. The new entity will inherit the biggest share of cable viewers in the U.S., accounting for 29% of viewing time. Discovery Chief Executive Officer David Zaslav s total compensation fell more than 17% in 2020, 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. Definitely to the left, Kernen said. David Zaslav Sees Opportunity Amid Industry Turmoil as Moguls Convene in Sun Valley Warner Bros. Those two tend to split viewers, and Fox News is regularly No. [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 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. "Jeff is a good friend of mine, I cant speak to this issue, we dont own the company yet," Zaslav said. 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. Compare Standard and Premium Digital here. 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. Zaslavs battles will be more expensive. Pamela Wasserstein, owner of Vox and New York magazine, gave $8,100. In media news today, an AP reporter spars with the State Departments Ned Price over allegations on Russia, a report claims that Jeff Zucker and Allison Gollust gave Andrew Cuomo COVID talking points to combat Trump, and an MSNBC broadcast gets interrupted by a Lets Go Brandon flag. Discovery CEO David Zaslav addressed the companys controversial decision this week to cancel releases for Batgirl and Scoob! Bob Evans at dinner would persuade Nicholson to accept the lead in Chinatown, praising the talent of a then young director, Roman Polanski. Last year, Zaslav vowed to take a hands-on role in the operations of CNN. Its a mess. [37][38][39], Since August 2022, Zaslav received heavy criticism for his decision to heavily shrink down the content library on the streaming service HBO Max, to be used as tax write-offs. LIBERTY MEDIA CHAIRMAN CHIDES CNN TO 'ACTUALLY HAVE JOURNALISTS' FOLLOWING AT&T-DISCOVERY MERGER, "None of us had anything to do with it. [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. Not long ago when he dropped by his new home he ordered some changes: Michael Smith, 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. 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. Raising the corporate tax rate is not exactly conducive to growing revenue or earnings," Eberhart said. Powered and implemented by FactSet Digital Solutions. [46] He is chair of the Auschwitz: The Past Is Present Committee which promotes awareness of the Holocaust. The COVID-19 virus had accelerated cord-cutting that's causing cable TV channels to lose subscribers. Disclosure: Mathias Dpfner, CEO of Business Insider's parent company, Axel Springer, is a Netflix board member. We've received your submission. While Evans principal scenario was to package the chemistry between filmmakers and top stars, Zaslavs social objectives may be more corporately focused. Discovery CEO David Zaslav said Friday on CNBC that he had nothing to do with Jeff Zuckers CNN exit. Quotes displayed in real-time or delayed by at least 15 minutes. His Greenwich Village home where the WarnerMedia deal was cooked up is now on the market, according to The Hollywood Reporter. Philip Anschutz, owner of the Washington Examiner, gave $168,500. "Who do they want managing the economy: Trump (Mnuchin, Powell, Kudlow) or Biden (Bernie, Warren and AOC)?," Bailey said. Too many people in power are gaming the system. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Lowe remains on Discovery's board and a personal friend, said a Zaslav friend. 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. 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. 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. Without it, journalists and society dont stand a chance to hold them accountable when the coverage is of disrepute. 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. Evans fought valiantly for Paramount to release Last Tango in Paris and Tropic of Cancer. The development comes as the presumptive Democratic nominee has expanded his lead in the polls over President Donald Trump. 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 Senator from Idaho Jim Risch, amounted to a total of $5,600. It's now available in every corner of the globe. YOU'VE REACHED YOUR MONTHLY ARTICLE LIMIT. Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. CNNs political stance is a source of frequent scrutiny in the news industry. 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. Discovery, home to Animal Planet and unscripted shows like 90 Day Fianc, may now become Once Upon a Time in Hollywood. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) ", Warner Bros. International Television Production, Warner Bros. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. David Zaslav, Discovery's CEO, will lead the combined Discovery-WarnerMedia. He's known for sporting the sleeveless fleece vests popular with financial industry executives and for bringing swag bags to meetings. President and CEO, Discovery David Zaslav speaks onstage during the David Zaslav is a talented and driven man who understands change. In May, I published anownership indexof the top 176 U.S. media organizations. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. 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. His salary remained locked at $3 million. Jean-Briac Perrette, president and CEO of Discovery International, earned $10.4 million total compensation, down from $14.4 million in 2019. 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. (Photo by Mike Coppola/Getty Images for WarnerMedia). For now, a trio of CNN executives will assume Zuckers responsibilities at the network. 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 now live in a much less transparent time. The boss ofCNNs new parent companysaid on Friday the network was the leader in news to the left but his communications team soon scrambled to walk back the frank admission, insisting he wasnt talking about politics. 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 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. Transparency matters. Jeff Zucker is considered to be the person responsible for the CNNs shift away from the nonpartisan outlet it was before his tenure. [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]. Got a confidential news tip? 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. Discovery cant play any role in CNNs operations until the deal concludes. 2023 Variety Media, LLC. 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. Zaslavwill lead the combined company called Warner Bros. [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. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Discovery Chief Executive Officer David Zaslavs total compensation fell more than 17% in 2020, topping out at $37.7 million. 2023 CNBC LLC. But we dont. Brian Flood is a media reporter for Fox News Digital. [2] Zaslav spearheaded the transaction between AT&T and Discovery to combine with WarnerMedia and create the combined Warner Bros. analyse how our Sites are used. "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. For context, OpenSecrets reported that political spending in the 2020 election reached $14 billion, the most expensive election ever. The most significant donation record of any media owner was Michael Bloomberg, who donated $140 million during his run for president. Mutual Fund and ETF data provided by Refinitiv Lipper. 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. Despite the increased support from CEOs, Biden and the Democratic National Committee outraised their opponents in the second quarter. Laurene Powell Jobs donated over $2 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. The company did not break out Discovery+ numbers specifically, so this tally includes its other, much smaller SVOD platforms, but the majority of that 20 million figure is made up of Discovery+ numbers, per Discovery. In his New York days, Zaslav liked friends like Ron Perelman, Lorne Michaels and Jeff Zucker to hang at his Hamptons parties. It's unclear which political direction Discovery CEO David Zaslav wants to take the network in. That employee makes $66,689, so it would take them 565 years to equal Zaslavs annual compensation. Legal Statement. Our system is awash in billions of political dollars. Where the country was when we launched MSNBC was much more fact-based and less divided.. Definitely to the left. Edward Atsinger, a leading evangelical and co-founder of conservative Townhall Media,gave about $30,000. didn't, they say, have many progressive ideas. 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. Is this newly minted class of wealth really absent from politics and political influence? 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. James Murdoch, who left the family Fox News business, donated over $2.25 Farris Wilks, investor in the Daily Wire, gave $416,800 to Trump Victory and Club for Growth Action. Zaslav spearheaded the transaction between AT&T and Discovery to combine with WarnerMedia and create the combined Warner Bros. U.S. President Donald Trump gestures during a roadside stop in Bedminster, New Jersey, U.S., July 26, 2020. 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. David Zaslav has been enjoying a stock runup after Wall Street analysts expressed increased optimism about Warner Bros. David Michael Zaslav (born January 15, 1960)[1] is an American media executive who currently serves as the Chief Executive Officer and President of Warner Bros. Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. 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