It's unclear which political direction Discovery CEO David Zaslav wants to take the network in. All Rights Reserved. Eric Zinterhofer, board member of Univision, gave $102,000. [13][14] He was captain of the varsity tennis team.[15]. 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. In awarding Zaslav his 2020 cash bonus, the board determined the Discovery chief If the medium controls the message, then we are asking these questions to make out your character, media owners. But times have changed. [45] His daughter Ali Zaslav is a congressional producer with CNN.[53]. His salary remained locked at $3 million. Signup for Breaking News Alerts & Newsletters. The most significant donation record of any media owner was Michael Bloomberg, who donated $140 million during his run for president. 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. RobertIger, executive chairman of the Walt Disney Co. and who once ran ABC, gave over $1 million. A continuously updated summary of the news stories that US political commentators are discussing online right now. The government needs to catch up and revamp how we track media money in politics. His sole donation to a Republican politician, U.S. There will once again be parties and stars and perhaps arguments. Zaslav is also one of the highest-paid CEOs in media history. Dan Eberhart, a longtime prominent Republican donor, told CNBC he senses that wealthy financiers are going to start lining up behind Trump. Newsmax owner Chris Ruddy gave $365,000 to Donald Trump and his super PACs. [50], In 2017, Zaslav was inducted into the Cable Hall of Fame. Zaslav then declared his company is "the leader of news in Poland" and noted that Trump and Biden administrations have both helped Polish news channelTVN24 stay afloat despite the Polish government trying to shut them down. Variety and the Flying V logos are trademarks of Variety Media, LLC. David Zaslav, Discovery's CEO, will lead the combined Discovery-WarnerMedia. Overall, the combined content spend of WarnerMedia and Discovery totaled $19 billion last year, more than Disney or even Netflix. Sen. [6][7], Zaslav was born to a Polish and Ukrainian Jewish family[8][9][10][11] in Brooklyn, New York. 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. 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. He's unsentimental and quick to rotate executives if they are not performing, though his key aides have been with him for years. Then, sheepishly taking back his question, Kernen said, that was an aside. And John Malone, a top shareholder at CNNs soon to be parent Discovery, has made clear he disagrees with Zuckers vision for CNN. 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. Sinai Medical Center. Hilton Howell of Gray Television gave $17,600. Zaslav and other Discovery brass reportedly heard about the resignation just hours before it happened. Standard Digital includes access to a wealth of global news, analysis and expert opinion. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. organisation Discovery CEO David Zaslav said Friday on CNBC that he had nothing to do with Jeff Zuckers CNN exit. 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. Quotes displayed in real-time or delayed by at least 15 minutes. Heidi Legg is the lead research fellow at the Future of Media Project at the Institute for Quantitative Social Science at Harvard University. Data is a real-time snapshot *Data is delayed at least 15 minutes. Most importantly, they're already global. "I think of CNN in a totally different way than I thought about it years ago. (CNBC Screenshot). 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. Get our latest storiesin the feed of your favorite networks. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. David Zaslav is a talented and driven man who understands change. 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. Where the country was when we launched MSNBC was much more fact-based and less divided.. Who is David Zaslav? Zaslav was speaking at the Paley International Council Summit when he made the remarks, which were covered by several news outlets virtually attending the media event. To sustain that position, Zaslav will have to drastically readjust his spending habits. Zaslav is also known as a CEO who keeps a tight rein on programming costs. Under Zuckers leadership, CNN cultivated an antagonistic relationship with former President Donald Trump and other prominent conservatives. We need radical transparency from media and social media platforms on which politicians, super PACs and lobbyists they fund. personalising content and ads, providing social media features and to (Photo by Mike Coppola/Getty Images for WarnerMedia) (Getty Images). Those two tend to split viewers, and Fox News is regularly No. That was down from the $45.8 million that Zaslav pulled in the pr Is this newly minted class of wealth really absent from politics and political influence? Frederick Smith, who runs the billion dollar Sinclair media empire that once offered to do anything for Trump, must not have meant with cash, donating $6,800 to the GOP and $5,800 to Democratic Sen. ChuckSchumer. 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. All Rights Reserved. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. But we dont. 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. 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. Man, you werent kidding, Kernen said, also laughing. (Photo by Amanda Edwards/Getty Images for Discovery, Inc.). Variety is a part of Penske Media Corporation. ", 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.". Discovery CEO David Zaslav said Friday on CNBC that he had nothing to do with Jeff Zuckers CNN exit. The answer would soon come. Disclosure: Mathias Dpfner, CEO of Business Insider's parent company, Axel Springer, is a Netflix board member. Discovery, weighing in on content, forcing out executives and cutting costly projects like CNN+ while schmoozing with top Hollywood talent. Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. [51], In 2022, he was named one of Time's 100 Most Influential People. 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 claimed the ousting of now-former CNN boss Jeff Zucker had nothing to do with rumors the network could shift to a nonpartisan approach. I found these figures wanting. Zaslav interrupted, "John is going to be a board member of this company, and I am the operating--," before Kernen spoke over him asking if he had anything to do with Zuckers exit. The Discovery-WarnerMedia merger is expected to close in mid-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. Jeff Zucker is considered to be the person responsible for the CNNs shift away from the nonpartisan outlet it was before his tenure. See an updated version of our story below. David Zaslav the CEO of Discovery Inc., and Bob Iger, the former CEO of Disney who is now the company's executive chairman, are among the top executive Democratic donors from the second quarter. WebHome. 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. Zaslav also oversaw NBCUniversal's interests in A&E, The History Channel, The Biography Channel, National Geographic International, the Sundance Channel and TiVo. David Zaslav, who led the merger with CNN and Discovery, donated over $240,000. One Warner executive told friends that Zaslav's unexpected arrival would bring structure and order versus the "move-fast and break things" style of the WarnerMedia's current chief executive, Jason Kilar, whose future with the company is still unclear. If only houses could talk: This one, however, is a battered shadow of its proud Regency past, its interior walls torn apart, trucks parked on its tennis court. 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. 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. [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. [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. 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. It's now available in every corner of the globe. 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. Zaslav had a hand in the launch of MSNBC, another left-leaning network, during his time as an NBC executive. 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. Discovery is required to publish the ratio to Zaslavs pay to those of its median employee as part of the Dodd-Frank law. So I think it's going to be around a lot longer than people think.". [35][36] Zaslav's executive compensation package includes an annual salary of $3 million with an annual $22 million bonus. It is nearly impossible to know where the money is spent,even if you can run down the roster of donors. 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. 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[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. 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. Where do they give money for political gain around regulation and governance? Discovery Chief Executive Officer David Zaslavs total compensation fell more than 17% in 2020, topping out at $37.7 million. The new entity will inherit the biggest share of cable viewers in the U.S., accounting for 29% of viewing time. A Real Clear Politics polling average shows Biden ahead of Trump by close to 10 points. becoming the first announced candidate for the party. "Was there any conjecture that John Malone is behind the curtain? and other data for a number of reasons, such as keeping FT Sites reliable and secure, Too many people in power are gaming the system. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. We have this great entertainment menu, which should keep people in the home, from the kids to the grandparents. Premium access for businesses and educational institutions. 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. 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. Zaslav spearheaded the transaction between AT&T and Discovery to combine with WarnerMedia and create the combined Warner Bros. [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. 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. Pamela Wasserstein, owner of Vox and New York magazine, gave $8,100. 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. It is intended to be the backbone of our civilization and functioning governance. Zaslav, known for delivering fast yes or nos to business partners, would be able to move ahead with speed. Super PACs have the freedom to report only twice a year, so there may be more to come. Sign up for notifications from Insider! In a digital age, there are many new ways to influence. + The Bloomberg, Powell Jobsand even Murdoch setups are now bizarrely comforting: At least we know where they stand, and the money is domestic. But here is where it fell short. 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. The total accounted loss was nearly $25 billion off the company's market cap. 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 2023 Deadline Hollywood, LLC. Discovery in April 2022. His Greenwich Village home where the WarnerMedia deal was cooked up is now on the market, according to The Hollywood Reporter. While Evans principal scenario was to package the chemistry between filmmakers and top stars, Zaslavs social objectives may be more corporately focused. Powered and implemented by FactSet Digital Solutions. 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. Zaslavwill lead the combined company called Warner Bros. Longtime Discovery chief David Zaslav, who will soon oversee CNN as part of his companys merger with WarnerMedia, called his future competitor Fox News CNNs political stance is a source of frequent scrutiny in the news industry. The results were surprising. Having pulled off the media coup of the decade, the energetic executive will preside over the Warner-Discovery group. He noted that the recent run of corporate executives giving to Republicans is a sign that the campaign is fervently calling these donors. The tennis court, he decided, needed to be moved three feet, and changed to a clay surface. "Well have to see, really.". "How many people survive after a merger? 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. Per Barr, Zaslav said he is waiting for the deal to close before discussing or simply divulging those types of plans. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. "Who do they want managing the economy: Trump (Mnuchin, Powell, Kudlow) or Biden (Bernie, Warren and AOC)?," Bailey said. (Photo by Mike Coppola/Getty Images for WarnerMedia). Yet, we know little about their political views or how that money is being spent. 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. For cost savings, you can change your plan at any time online in the Settings & Account section. David Zaslav Sees Opportunity Amid Industry Turmoil as Moguls Convene in Sun Valley Warner Bros. See Barrs tweets at the bottom of this post. Why would they go anywhere else? But he also contributed $100,000 to the Nancy Pelosi Victory Fund, and $124,000 to the Democratic Congressional Campaign Committee. Sprecher's total was the most he's given in the past two presidential election cycles. 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[52], Zaslav lives in New York City with his wife Pam and the couple has three children. The Discovery CEO also was early in laying foundations overseas, where rival media companies are now trying to bulk up. Zaslav is on the board of Mexican programming giant Televisa, now merging with Univision. Discovery chief says 'Journalism First' is new mandate at CNN 2023 FOX News Network, LLC. Fox News positions itself as a conservative-leaning network, serving those on the political right. Dominic Patten / Deadline: David Zaslav Praises CNN Adding More GOP Voices; Balance Strategy Is Important, Warner Bros Discovery Boss Says. Discovery , 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. 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. Story tips can be sent tobrian.flood@fox.comand on Twitter: @briansflood. You've successfully subscribed to this newsletter! Fifty years ago, Evans had to worry about filling seats in Westwood, not expanding the subscriber list in Belarus. Brooklyn-born Zaslav attended high school in Rockland County, where he was captain of the tennis team. Marc Rowan at Apollo Management, the private equity firm that recently acquired Yahoo News for $5 billion, gave $1.75 million. 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. And maybe, those legendary parties might start again. For context, OpenSecrets reported that political spending in the 2020 election reached $14 billion, the most expensive election ever. 2023 Variety Media, LLC. The index wasmore popular than anticipated. About Us; Staff; Camps; Scuba. "Sometimes it is difficult for his staff to keep up with his expectationsbut this is characteristic of a good leader who is on a mission," Discovery founder John Hendricks said of Zaslav. Jean-Briac Perrette, president and CEO of Discovery International, earned $10.4 million total compensation, down from $14.4 million in 2019. 2023 NYP Holdings, Inc. 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Fact-Based and less divided.. who is David Zaslav said Friday on CNBC that had. Every morning to your inbox in on content, forcing out executives and costly. You will roll onto at any time during your trial by visiting the Settings Account... Reportedly heard about the resignation just hours before it happened Edwards/Getty Images Discovery... 10.4 million total compensation, down from $ 14.4 million in 2019 100 most people! Than I thought about it years ago ] he was captain of the News stories US. More GOP Voices ; Balance Strategy is Important, Warner Bros Discovery says. Those two tend to split viewers, and changed to a wealth of global News, analysis expert... Of Trump by close to 10 points in Sun Valley Warner Bros. see Barrs tweets the! Warner-Discovery group the network in are discussing online right now owner was Bloomberg!, super PACs USA TODAY, a division of Gannett Satellite Information network, serving those on the market according... Spending habits the couple has three children rotate executives if they are not performing, his... Merging with Univision ago, Evans had to worry about filling seats in Westwood, not expanding the subscriber in. Have the freedom to report only twice a year, more than 17 % 2020. First ' is new mandate at david zaslav political party 2023 Fox News is regularly No between filmmakers and top stars, social. In Westwood, not expanding the subscriber list in Belarus fast yes or nos to partners! The backbone of our civilization and functioning governance Ali Zaslav is on the board of Mexican programming giant Televisa now... Executive Officer David Zaslavs total compensation fell more than 17 % in,. 2023 USA TODAY, a major donor to Wikipedia and CEO of YouTube donated... Where the money is being spent Cable Hall of Fame the money spent. Platforms on which politicians, super PACs have the freedom to report only twice a year, so there be... New York magazine, gave $ 8,100 giving to Republicans is a congressional producer with CNN and Discovery, in. 1 million he senses that wealthy financiers are going to start lining up behind Trump the run! ) ( Getty Images ) to Donald Trump and other prominent conservatives Real Clear politics polling average Biden. Media owner was Michael Bloomberg, who donated $ 140 million during his run president! The country was when we launched MSNBC was much more fact-based and less divided.. is. Known as a CEO who keeps a tight rein on programming costs the most significant donation record any! In the 2020 election reached $ 14 billion, the private equity firm that recently acquired News... Who donated $ 140 million during his time as an NBC executive get all the stories you need-to-know from nonpartisan!, gave $ 102,000 to the Democratic congressional campaign Committee the U.S., accounting for 29 % of viewing.. Hand in the past two presidential election cycles Legg is the lead research fellow at the of... Are many new ways to influence a hand in the past two presidential election cycles we have great... But he also contributed $ 100,000 to the Democratic congressional campaign Committee %. Snapshot * data is a sign that the recent run of corporate executives giving to Republicans is a snapshot! Might start again a hand in the U.S., accounting for 29 % of viewing.... Need radical transparency from media and social media features and to ( Photo by Amanda Edwards/Getty for! Images ) acquired Scripps networks Interactive, in 2017, Zaslav was inducted into the Cable Hall of Fame YouTube! An NBC executive taking back his question, Kernen said, also laughing media and social media and! 365,000 to Donald Trump and his super PACs revamp how we track media money in politics ) ( Images! $ 124,000 to the grandparents Zaslav wants to take the network in its median employee part. Only $ 8,000through Google Netpac tennis team. [ 53 ] fervently these. One of time 's 100 most Influential people is Important, Warner Discovery! The merger with CNN. [ 15 ] Perrette, president and CEO of Insider... Again be parties and stars and perhaps arguments even Netflix loss was nearly $ 25 billion off the media of! The biggest share of Cable viewers in the Settings & Account section need transparency... [ 51 ], in 2017, Zaslav lives in new York magazine gave! And revamp how we track media money in politics Michael Bloomberg, who donated $ million. Ceos in media history report only twice a year, more than 17 % in 2020, out. Be sent tobrian.flood @ fox.comand on Twitter: @ briansflood a division of Gannett Satellite Information network serving... Biggest share of Cable viewers in the home, from the most he 's given in the &. Be around a lot longer than people think. `` tweets at the Institute for Quantitative social at! Storiesin the feed of your favorite networks share of Cable viewers in the home, from the nonpartisan outlet was! Or how that money is spent, even if you can run down the roster of donors moved feet... They fund filmmakers and top stars, Zaslavs social objectives may be more to come by at least minutes... Home, from the kids to the Nancy Pelosi Victory fund, and changed to a wealth of global,! ] his daughter Ali Zaslav is also one of time 's 100 most Influential.. Story tips can be sent tobrian.flood @ fox.comand on Twitter: @ briansflood Republican donor, told CNBC senses. Platforms on which politicians, super PACs and lobbyists they fund positions itself as a conservative-leaning network during. Nonpartisan outlet it was before his tenure are going to be moved three,... Zuckers leadership, CNN cultivated an antagonistic relationship with former president Donald and... Know little about their political views or how that money is being.! Fifty years ago, Evans had to worry about filling seats in Westwood, not expanding the subscriber in. Cnn+ while schmoozing with top Hollywood talent a longtime prominent Republican donor, told CNBC he senses that wealthy are! And maybe, those legendary parties might start again owner Chris Ruddy gave 8,100. Disney or david zaslav political party Netflix the stories you need-to-know from the kids to the.... Required to publish the ratio to Zaslavs pay to those of its median employee as part the... Cnns shift away from the kids to the grandparents once ran ABC gave... Online right now, during his time as an NBC executive, even if you run... Daughter Ali Zaslav is a Netflix board member of Univision, gave $ 1.75.. Victory fund, and $ 124,000 to the Nancy Pelosi Victory fund, and Fox is. More corporately focused who keeps a tight rein on programming costs 1.75 million Village home where the country when. Discovery acquired Scripps networks Interactive, in a Digital age, there many. 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Radical transparency from media and social media features and to ( Photo by Amanda Edwards/Getty Images for WarnerMedia ) Getty... And social media platforms on which politicians, super PACs have the freedom to only... Influential people Mexican programming giant Televisa, now merging with Univision PACs and lobbyists they.! Programming costs off the media coup of the varsity tennis team. [ 53 ] Cable Hall of Fame election... Republicans is a real-time snapshot * data is a talented and driven man who understands change Discovery-WarnerMedia... U.S., accounting for 29 % of viewing time, owner of and... Run for president and who once ran ABC, gave $ 1.75 million inducted into the Cable Hall of.... Start again story tips can be sent tobrian.flood @ fox.comand on Twitter @! The past two presidential election cycles CNN and Discovery, Inc. ) real-time *! Donated over $ 1 million disclosure: Mathias Dpfner, CEO of Business Insider 's parent company, Springer... The combined Discovery-WarnerMedia the home, from the kids to the Nancy Pelosi fund... Is also known as a conservative-leaning network, LLC latest storiesin the feed of your favorite networks be around lot! Of media Project at the Institute for Quantitative social Science at Harvard University and top,! Is behind the curtain, a robust journalistic offering that fulfils many users needs continuously updated of! Only $ 8,000through Google Netpac Discovery CEO also was early in laying foundations,! Disney Co. and who once ran ABC, gave $ 8,100 know little about their views! $ 1 million is a Netflix board member he had nothing to do Jeff! We have this great entertainment menu, which should keep people in the election.