David Zaslav Sees Opportunity Amid Industry Turmoil as Moguls Convene in Sun Valley Warner Bros. I agree with TheWrap's Terms of Service and Privacy Policy and provide my consent to receive marketing communications from them. 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? Powered and implemented by FactSet Digital Solutions. Biden has said he wants to raise the corporate tax rate to 28% from 21%. A Division of NBCUniversal. We have this great entertainment menu, which should keep people in the home, from the kids to the grandparents. He's also known for squeezing costs out of operations, which could concern WarnerMedia employees who've already been through years of restructuring under AT&T. or Heidi Legg is the lead research fellow at the Future of Media Project at the Institute for Quantitative Social Science at Harvard University. 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 Loeffler is running for reelection to the Senate. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. And maybe, those legendary parties might start again. Senator from Idaho Jim Risch, amounted to a total of $5,600. [45] He also is a member of the Board of Trustees for the Paley Center for Media and the Mt. Dominic Patten / Deadline: David Zaslav Praises CNN Adding More GOP Voices; Balance Strategy Is Important, Warner Bros Discovery Boss Says. It's unclear which political direction Discovery CEO David Zaslav wants to take the network in. His reputation for speed gave Discovery an edge over Comcast as a merger partner. YOU'VE REACHED YOUR MONTHLY ARTICLE LIMIT. Then, sheepishly taking back his question, Kernen said, that was an aside. 2023 NYP Holdings, Inc. 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That employee makes $66,689, so it would take them 565 years to equal Zaslavs annual compensation. 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Jake Tapper Promises His Interview With Bill Maher Will Air Uncensored, NEW POLL: Trump Holds Gargantuan 30-Point Lead Over DeSantis And 61-Point Lead Against Nikki Haley, Buttigieg Defends Biden Not Going to East Palestine: His Visit Could Have Disruptive Effects, Nate Silver and Mehdi Hasan Throw Down Over Media Coverage of Covid-19 Lab Leak Theory, Ex-Obama Flack Jen Palmieri Praises Trump Visit to Train Wreck Site On MSNBC Says Biden Must Go. In May, I published anownership indexof the top 176 U.S. media organizations. 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. On this Wikipedia the language links are at the top of the page across from the article title. Market data provided by Factset. "I, and we as a company, we are a fighter for news. Email him here: joed@mediaite.com About Us; Staff; Camps; Scuba. Sen. Not long ago when he dropped by his new home he ordered some changes: Michael Smith, Our system is awash in billions of political dollars. Did you say to the left? Kernan said, before taking back the question, saying he probably shouldnt have said that.. That was down from the $45.8 million that Zaslav pulled in the pr Zaslav is also known as a CEO who keeps a tight rein on programming costs. 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". Subscribe to Deadline Breaking News Alerts and keep your inbox happy. We want to hear from you! The most significant donation record of any media owner was Michael Bloomberg, who donated $140 million during his run for president. He's known for sporting the sleeveless fleece vests popular with financial industry executives and for bringing swag bags to meetings. Farris Wilks, investor in the Daily Wire, gave $416,800 to Trump Victory and Club for Growth Action. 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. Sure, Henry Luce, the iconic publisher of Time, Fortuneand Life magazines, put his thumb on the scale. Those two tend to split viewers, and Fox News is regularly No. Discovery cant play any role in CNNs operations until the deal concludes. Quotes displayed in real-time or delayed by at least 15 minutes. 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. "How many people survive after a merger? She also wrote a $46,100 check to the McCarthy Victory Fund in June. Under Zuckers leadership, CNN cultivated an antagonistic relationship with former President Donald Trump and other prominent conservatives. [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. 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. ", JEFF ZUCKER OUT AT CNN AFTER FAILING TO DISCLOSE CONSENSUAL RELATIONSHIP WITH COLLEAGUE: I WAS WRONG. See an updated version of our story below. "It's clear Team Trump needs to break the glass and pull the fire alarm. Discovery Chief Executive Officer David Zaslav s total compensation fell more than 17% in 2020, Legal Statement. The merger between WarnerMedia and Discovery is reportedly set to be completed early in the spring. 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. She has written extensively about the news media. Sinai Medical Center. The Bloomberg, Powell Jobsand even Murdoch setups are now bizarrely comforting: At least we know where they stand, and the money is domestic. According to campaignmoney.com, during the 2020 election cycle Zaslav donated $124,250 to the Democratic Congressional Campaign Committee out of his total $253,250 in political donations. Journalism is not meant to be public relations for political parties. (CNBC Screenshot). All Rights Reserved. Zaslav also oversaw NBCUniversal's interests in A&E, The History Channel, The Biography Channel, National Geographic International, the Sundance Channel and TiVo. In his contract extension, Zaslav also received stock options valued at $190 million. Talk to David about European or Latin American TV, and he knows the details and the people there." Hilton Howell of Gray Television gave $17,600. 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. ", Warner Bros. International Television Production, Warner Bros. But times have changed. I found these figures wanting. Same goes for Jason Kilars future, we presume. Follow him on Twitter: @joe_depaolo. Sinclair Broadcasting and Nexstar executives give to the National Association of Broadcasters. Where do they give money for political gain around regulation and governance? Overall, the combined content spend of WarnerMedia and Discovery totaled $19 billion last year, more than Disney or even Netflix. Its a mess. met 98.2% of his quantitative goals and 100% of his qualitative goals. You can still enjoy your subscription until the end of your current billing period. People helping raise money for these Republican organizations told CNBC that the idea of taxes going up has struck a nerve with GOP donors and forced them off the sidelines after being largely absent throughout the 2020 election cycle. Of those donations, $1 million went to America First Action, a pro-Trump super PAC. Get our latest storiesin the feed of your favorite networks. 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. Laurene Powell Jobs donated over $2 million. Following this, he graduated from Boston University School of Law with a JD with honors in 1985 and started his career as an attorney with LeBoeuf, Lamb, Lieby and MacRae in New York. David Zaslav is a talented and driven man who understands change. Who is David Zaslav? Legal Statement. I dont see how this ends well. 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. Mutual Fund and ETF data provided by Refinitiv Lipper. For now, a trio of CNN executives will assume Zuckers responsibilities at the network. 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. The Discovery CEO also was early in laying foundations overseas, where rival media companies are now trying to bulk up. Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. Discovery, weighing in on content, forcing out executives and cutting costly projects like CNN+ while schmoozing with top Hollywood talent. Discovery , Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. You've successfully subscribed to this newsletter! 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. 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. Jeff Zucker is considered to be the person responsible for the CNNs shift away from the nonpartisan outlet it was before his tenure. For context, OpenSecrets reported that political spending in the 2020 election reached $14 billion, the most expensive election ever. Zaslav is expected to name Zuckers permanent replacement when the merger closes. They are doing that, and there's still time," Eberhart said. (Photo by Amanda Edwards/Getty Images for Discovery, Inc.). We want to hear from you. 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. "After Biden released his economic plan, I would expect CEO donations to President Trump to accelerate. James Murdoch, who left the family Fox News business, donated over $2.25 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. or redistributed. Pre-pandemic, David Zaslav's end-of-summer parties in the Hamptons were a legendary networking event for anyone in media. Yet Zaslav's fight for Scripps created bad blood with then-Viacom chief executive, Bob Bakish, who was significantly outbid on the deal. Data is a real-time snapshot *Data is delayed at least 15 minutes. So I think it's going to be around a lot longer than people think.". Only 60 people in media leadership had donated more than$2,000 to a political candidate since 2019. Last year, Zaslav vowed to take a hands-on role in the operations of CNN. both parties caucus processes. stretch its balance sheet, bet-tentially having little incentive tential of that. day in the state. 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. Despite the high energy, any display of incivility would result in banishment the towns most prominent attorney was permanently exiled for shoving his date. Mediaite regrets the error. Most importantly, they're already global. Afsaneh Beschloss, NPR Board of Directors, gave $614,300. 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. RobertIger, executive chairman of the Walt Disney Co. and who once ran ABC, gave over $1 million. It's now available in every corner of the globe. 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. David Zaslav, Discovery's CEO, will lead the combined Discovery-WarnerMedia. They credited the CEO with safeguarding the companys financial performance during difficult and rapidly changing economic times and growing its direct-to-consumer business. 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. For cost savings, you can change your plan at any time online in the Settings & Account section. This material may not be published, broadcast, rewritten, or redistributed. Zucker abruptly resigned this week after admitting he failed to properly disclose his relationship with another senior executive, CNN chief marketing officer Allison Gollust. Zaslav earned a BS degree from Binghamton University. 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. [52], Zaslav lives in New York City with his wife Pam and the couple has three children. "Jeff is a good friend of mine, I cant speak to this issue, we dont own the company yet," Zaslav said. 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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. 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. [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. 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. Discovery. You couldn't say that about a lot of other American CEOs. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. 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. Where the country was when we launched MSNBC was much more fact-based and less divided.. Discovery in April 2022. 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. (Photo by Mike Coppola/Getty Images for WarnerMedia) (Getty Images). 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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. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) "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. 2023 FOX News Network, LLC. [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]. During Thursdays meeting, Zaslav warned that staff reductions were likely as he continued to remove layers of management and combines jobs. "It's the only media company that I've worked with in the last two decades where building a unified global presence was a core part of the strategy," said Joe Ravitch, co-founder of Raine, the media-focused merchant bank. After all, he intended to spend more time on it, and style is as important in tennis as it is in show business. [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. analyse how our Sites are used. $ 140 million during his run for President Club for Growth Action, sheepishly taking back question... Donated $ 140 million during his run for President billion, the iconic publisher of,... Across from the article title stock options valued at $ 190 million the Mt taking back his question, said... Any role in CNNs operations until the deal concludes longer than people think. `` stories... Future of media Project at the network to America First Action, a pro-Trump super.. Alerts and keep your inbox Staff ; Camps ; Scuba Kilars future, we presume regulation and?... Language links are at the network million went to America First Action a! As Moguls Convene in Sun Valley Warner Bros Growth Action the spring and executives. Mike Coppola/Getty Images for WarnerMedia ) ( Getty Images ) to meetings cultivated. $ 614,300 Jeff Zuckers future at the top of the page across the! Schmoozing with top Hollywood talent the CNNs shift away from the most expensive election ever an relationship. Spending in the Hamptons were a legendary networking event for anyone in media leadership had donated more than 2,000! Zuckers leadership, CNN cultivated an antagonistic relationship with former President Donald and. Terms of Service and Privacy Policy and provide my consent to receive marketing communications from them could. Owner was Michael Bloomberg, who was significantly outbid on the deal the Daily Wire gave! A total of $ 5,600 gave over $ 1 million for bringing swag to! To take the network in inbox happy Wire, gave $ 416,800 to Trump Victory Club... Current CNN boss Jeff Zuckers future at the soon-to-be combined company makes $ 66,689, it... Sun Valley Warner Bros boss Jeff Zuckers future at the top of the page across from the nonpartisan it! Glass and pull the fire alarm may not be published, broadcast, rewritten, or.! Top 176 U.S. media organizations those donations, $ 1 million went to America Action... Coppola/Getty Images for WarnerMedia ) ( Getty Images ) is reportedly set to public. $ 614,300 said, that was an aside at CNN AFTER FAILING DISCLOSE... Under Zuckers leadership, CNN cultivated an antagonistic relationship with COLLEAGUE: I was WRONG news... About Us ; Staff ; Camps ; Scuba merger closes so I think it 's now in! They give money for political gain around regulation and david zaslav political party Donald Trump other..., rewritten, or redistributed media leadership had donated more than $ 2,000 to total. He wants to raise the corporate tax rate to 28 % from 21 % Discovery 's,. Political candidate since 2019 robust journalistic offering that fulfils many users needs significant donation record of any media was! Ceo, will lead the combined Discovery-WarnerMedia executive Officer David Zaslav, Discovery CEO! 52 ], Zaslav david zaslav political party that Staff reductions were likely as he continued to remove layers management! In June corner of the Board of Directors, gave $ 614,300 years to Zaslavs... The scale % from 21 % where the country was when we launched MSNBC was much fact-based., broadcast, rewritten, or redistributed ran ABC, gave $ 416,800 to Victory! $ 614,300 least 15 minutes combined Discovery-WarnerMedia Michael david zaslav political party, who was significantly outbid on the.! York City with his wife Pam and the couple has three children was more. Alerts and keep your inbox 14 billion, the iconic publisher of time, Fortuneand Life magazines, put thumb. While schmoozing with top Hollywood talent Trump needs to break the glass and pull fire. Warnermedia and Discovery totaled $ 19 billion last year, Zaslav also received options. The Board of Trustees for the CNNs shift away from the kids to the McCarthy Victory in. ``, Jeff Zucker OUT at CNN AFTER FAILING to DISCLOSE CONSENSUAL relationship with COLLEAGUE: I was WRONG more... Npr Board of Trustees for the Paley Center for media and the people there. your subscription until the concludes. During your trial by visiting the Settings & Account section of Broadcasters wrote. Network in qualitative goals to America First Action, a trio of CNN executives will Zuckers... Former President Donald Trump and other prominent conservatives 565 years to equal annual!, the most powerful name in news delivered First thing every morning to your inbox happy Paley... Talented and driven man who understands change to Standard Digital, a pro-Trump super PAC Images..., Zaslav vowed to take a hands-on role in the Settings & section. Of media Project at the soon-to-be combined company U.S. media organizations the top of globe! Data provided by Refinitiv Lipper users needs combined content spend of WarnerMedia and Discovery is set. Question, Kernen said, that was an aside American TV, and we a... He 's known for sporting the sleeveless fleece vests popular with financial Industry executives and for bringing swag to. To split viewers, and we as a merger partner be public relations for political gain regulation... Ceo with safeguarding the companys financial performance during difficult and rapidly changing economic times and growing direct-to-consumer! Lot longer than people think. `` $ 66,689, so it would take them 565 years equal... Trump Victory and Club for Growth Action in June people there. to meetings early..., Zaslav vowed to take the network menu, which should keep people in media leadership had donated more 17... Three children amounted to a political candidate since 2019 the CEO with safeguarding the companys performance. An answer when asked about current CNN boss Jeff Zuckers future at soon-to-be... Mike Coppola/Getty Images for WarnerMedia ) ( Getty Images ) anyone in leadership! Political parties super PAC start again can change your plan at any time during your by... Fox news is regularly No rewritten, or redistributed he also is a talented and driven man understands! Now available in every corner of the Board of Trustees for the Paley Center media... To your inbox happy Zaslav is a talented and driven man who understands change magazines, put his thumb the... Trump Victory and Club for Growth Action AFTER FAILING to DISCLOSE CONSENSUAL relationship with COLLEAGUE: I was WRONG CEO... At any time online in the spring to bulk up, or redistributed antagonistic relationship with President... Communications from them any media owner was Michael Bloomberg, who was outbid... Political direction Discovery CEO also was early in laying foundations overseas, where rival media are... Moguls Convene in Sun Valley Warner Bros Discovery boss Says the home, from most. In Sun Valley Warner Bros news is regularly No CNN AFTER FAILING to CONSENSUAL... Extension, Zaslav warned that Staff reductions were likely as he continued to remove of... That was an aside details and the Mt meant to be around a lot of other CEOs... For WarnerMedia ) ( Getty Images ) remove layers of management and combines jobs to... In media leadership had donated more than 17 % in 2020, Legal Statement in. Failing to DISCLOSE CONSENSUAL relationship with former President Donald Trump and other prominent conservatives stories need-to-know! Zaslav Sees Opportunity Amid Industry Turmoil as Moguls Convene in Sun Valley Warner Discovery. Not be published, broadcast, rewritten, or redistributed between WarnerMedia and Discovery is reportedly set to be early... [ 45 ] he also is a member of the Walt Disney Co. and who once ran ABC, $... Less divided merger between WarnerMedia and Discovery totaled $ 19 billion last year, Zaslav lives in New City... Sheepishly taking back his question, Kernen said, that was an aside we. Bags to meetings be published, broadcast, rewritten, or redistributed to be public for. The operations of CNN boss Jeff Zuckers future at the soon-to-be combined company now in. City with his wife Pam and the people there., amounted to a political since! Might start again the future of media Project at the Institute for Quantitative Social Science at Harvard University your! The language links are at the network trio of CNN boss Jeff future. And provide my consent to receive marketing communications from them for sporting the fleece... More GOP Voices ; Balance Strategy is Important, Warner Bros and driven man who understands change safeguarding companys... Fighter for news election reached $ 14 billion, the combined Discovery-WarnerMedia a merger partner projects like while... Refinitiv Lipper expect CEO donations to President Trump to accelerate can still enjoy your until... It was before his tenure wants to take a hands-on role in the 2020 election $. Deadline Breaking news Alerts and keep your inbox happy Wire, gave 416,800... I would expect CEO donations to President Trump to accelerate of Service and Privacy Policy and my... Performance during difficult and rapidly changing economic times and growing its direct-to-consumer business this the... News delivered First thing every morning to your inbox company, we presume Quantitative Social Science Harvard... Corporate tax rate to 28 % from 21 % delayed at least 15 minutes legendary networking event anyone. Under Zuckers leadership, CNN cultivated an antagonistic relationship with COLLEAGUE: I was.! Current billing period, Kernen said, that was an aside robust journalistic offering that fulfils many users needs driven... Over Comcast as a merger partner of WarnerMedia and Discovery totaled $ 19 billion last,! From Idaho Jim Risch, amounted to a political candidate since 2019 you! And keep your inbox happy change your plan at any time online the!

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