I dont see how this ends well. 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. Where do they give money for political gain around regulation and governance? 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. Get our latest storiesin the feed of your favorite networks. The Cook Political Report marks six Republican-held Senate seats in Colorado, Georgia, Iowa, Maine, Montana and North Carolina as toss ups. 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. During Thursdays meeting, Zaslav warned that staff reductions were likely as he continued to remove layers of management and combines jobs. David Zaslav Sees Opportunity Amid Industry Turmoil as Moguls Convene in Sun Valley Warner Bros. 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. 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. [33], Under his leadership, Discovery began trading as a public company in 2008, became a Fortune 500 company in 2014 and acquired Scripps Networks Interactive in 2018. 2023 NYP Holdings, Inc. 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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. (Photo by Amanda Edwards/Getty Images for Discovery, Inc.). The combination has promised $3 billion in synergies. 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. Or to keep it anonymous, click here. And maybe, those legendary parties might start again. Lowe remains on Discovery's board and a personal friend, said a Zaslav friend. 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. 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. [51], In 2022, he was named one of Time's 100 Most Influential People. Brian Flood is a media reporter for Fox News Digital. or redistributed. 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. 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. 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. Dan Eberhart, a longtime prominent Republican donor, told CNBC he senses that wealthy financiers are going to start lining up behind Trump. Indeed, after the Discovery and Scripps deal, Zaslav promised to wring $350 million in synergies from the business, but by the time the integration was done, the Discovery boss had cut his way to $1 billion. Mutual Fund and ETF data provided by Refinitiv Lipper. And then were the leader in news to the left, Zaslav told CNBC on Friday. Overall, the combined content spend of WarnerMedia and Discovery totaled $19 billion last year, more than Disney or even Netflix. 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. Where the country was when we launched MSNBC was much more fact-based and less divided.. This material may not be published, broadcast, rewritten, or redistributed. Discovery CEO David Zaslav said Friday on CNBC that he had nothing to do with Jeff Zuckers CNN exit. Discovery in April 2022. Insider say he's known for relationship building but also being demanding with staff. Variety is a part of Penske Media Corporation. During the Evans era, the sources of corporate infighting were often esoteric. 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. 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. Bob Evans and his parties symbolized the 60s and 70s in Hollywood, a golden playground where even the most preposterous ideas could somehow become reality. 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 Journalism is not meant to be public relations for political parties. Quotes displayed in real-time or delayed by at least 15 minutes. So I think it's going to be around a lot longer than people think.". [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. Zaslav, known for delivering fast yes or nos to business partners, would be able to move ahead with speed. 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. By subscribing, I agree to the Terms of Use and Privacy Policy. For context, OpenSecrets reported that political spending in the 2020 election reached $14 billion, the most expensive election ever. 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. [9][10][47] In 2012, he received the Steven J. Ross Humanitarian Award from the UJA-Federation of New York[48] which honors people of vision, energy and sustained achievement in the entertainment, media and communications industries. Pre-pandemic, David Zaslav's end-of-summer parties in the Hamptons were a legendary networking event for anyone in media. Zaslavwill lead the combined company called Warner Bros. Email us. 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. President and CEO, Discovery David Zaslav speaks onstage during the Eric Zinterhofer, board member of Univision, gave $102,000. A Real Clear Politics polling average shows Biden ahead of Trump by close to 10 points. Together, Discovery and WarnerMedia will span every genre from Hollywood movies and TV shows to reality TV, to news and sports. Afsaneh Beschloss, NPR Board of Directors, gave $614,300. But storm clouds were on the horizon. U.S. President Donald Trump gestures during a roadside stop in Bedminster, New Jersey, U.S., July 26, 2020. You couldn't say that about a lot of other American CEOs. Zaslav and other Discovery brass reportedly heard about the resignation just hours before it happened. 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 Zaslav is likely to get at least a warm initial reception. [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. Hilton Howell of Gray Television gave $17,600. 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. 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. Zaslav earned a BS degree from Binghamton University. Senator from Idaho Jim Risch, amounted to a total of $5,600. Jeff Zucker is considered to be the person responsible for the CNNs shift away from the nonpartisan outlet it was before his tenure. This time, the bulk of Zaslavs compensation came from stock awards ($12.5 million) and non-equity incentive plan compensation ($21.8 million). Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) The lack of transparency in super PAC donations loomed as we scoured the FEC database. 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. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 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. Afsaneh Beschloss, NPR board of Directors, gave $ 614,300 I agree to the,. Zaslav said Friday on CNBC that he had nothing to do with Jeff Zuckers CNN exit Real Clear polling. 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