"I would like to see CNN evolve back to the kind of journalism that it started with, and actually have journalists, which would be unique and refreshing,"Malonesaid in an interview that aired on CNBC. CNBC then cut away from Zaslav for breaking news on the January jobs report but came back to the Discovery honcho afterwards. The tennis court, he decided, needed to be moved three feet, and changed to a clay surface. David Zaslav is a talented and driven man who understands change. What investors need to know about Biden's economic vision. Transparency matters. 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 think of CNN in a totally different way than I thought about it years ago. Zaslav laughed but did not retract his comment. Is this newly minted class of wealth really absent from politics and political influence? Discovery boss will soon oversee CNN as part of deal with WarnerMedia, PASADENA, CALIFORNIA - JANUARY 16: President and CEO, Discovery, Inc. David Zaslav speaks onstage during the Discovery, Inc. TCA Winter Panel 2020 at The Langham Huntington, Pasadena on January 16, 2020 in Pasadena, California. Discovery CEO David Zaslav addressed the companys controversial decision this week to cancel releases for Batgirl and Scoob! Then, sheepishly taking back his question, Kernen said, that was an aside. President and CEO, Discovery David Zaslav speaks onstage during the Market data provided by Factset. Loeffler is running for reelection to the Senate. Zaslav's executive compensation package includes an annual salary of $3 million with an annual $22 million bonus. Marc Rowan at Apollo Management, the private equity firm that recently acquired Yahoo News for $5 billion, gave $1.75 million. See Barrs tweets at the bottom of this post. Zaslav is also one of the highest-paid CEOs in media history. Follow him on Twitter: @joe_depaolo. Domestically, HBO Max and HBO have a combined 45.2 million subscribers. The deal is expected to close in the first half of 2022 and Malones comment left many CNN staffers with a sense of uneasiness about the networks future. But what sort of a time will it be? 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. 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. Deadline is a part of Penske Media Corporation. 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Did you say to the left?. Susan Wojcicki, a major donor to Wikipedia and CEO of YouTube,donated only $8,000through Google Netpac. The issue is that not enough of his [2] Zaslav spearheaded the transaction between AT&T and Discovery to combine with WarnerMedia and create the combined Warner Bros. [45] His daughter Ali Zaslav is a congressional producer with CNN.[53]. Compare Standard and Premium Digital here. But even if that crowd decided to arrive, it would not include the late Evans or his panache (he died in 2019). Discovery Chief Executive Officer David Zaslavs total compensation fell more than 17% in 2020, topping out at $37.7 million. [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]. I agree with TheWrap's Terms of Service and Privacy Policy and provide my consent to receive marketing communications from them. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. tips@mediaite.com, Joe DePaolo is a Senior Editor at Mediaite. The Bloomberg, Powell Jobsand even Murdoch setups are now bizarrely comforting: At least we know where they stand, and the money is domestic. We use That bit of corporate sorcery has now prompted him to re-invent the Zaslav legacy indeed to re-shape it in the aura of the Evans legacy. The CEOs of some of the biggest companies in the United States have started ramping up their donations to Republican causes as concern grows about Joe Biden's plan to raise the corporate tax rate. All Rights Reserved. Zaslav and other Discovery brass reportedly heard about the resignation just hours before it happened. His well-documented views were notsecret. The combination has promised $3 billion in synergies. All rights reserved. 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. "CNN is a fantastic asset, I cant wait to get in there. Zaslav is expected to name Zuckers permanent replacement when the merger closes. Not long ago when he dropped by his new home he ordered some changes: Michael Smith, Jeff Zucker is considered to be the person responsible for the CNNs shift away from the nonpartisan outlet it was before his tenure. But not disclosing a consensual relationship rarely results in the defenestration of a network president. Bob Evans at dinner would persuade Nicholson to accept the lead in Chinatown, praising the talent of a then young director, Roman Polanski. Zaslav, known for delivering fast yes or nos to business partners, would be able to move ahead with speed. You've successfully subscribed to this newsletter! With Democratic voters po- turnout to overcome any po- week, spent Monday and Tues- by the parties. Sure, Henry Luce, the iconic publisher of Time, Fortuneand Life magazines, put his thumb on the scale. In his contract extension, Zaslav also received stock options valued at $190 million. Its a mess. "Was there any conjecture that John Malone is behind the curtain? So maybe Zaslav isnt offended by the transparent political bias Longtime Discovery chief David Zaslav, who will soon oversee CNN as part of his companys merger with WarnerMedia, called his future competitor Fox News 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. didn't, they say, have many progressive ideas. 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". Of those donations, $1 million went to America First Action, a pro-Trump super PAC. But at Warner Bros. 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. 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. [20][21], Zaslav became CEO of Discovery Communications in November 16, 2006, succeeding Judith McHale. His corporate boss, Charles Bluhdorn, facing him in his screening room, shouted that public companies could not dabble in porn. He then decided to re-run the films. 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. CEO David Zaslav has quickly put his stamp on Warner Bros. Signup for Breaking News Alerts & Newsletters. 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. 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. 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. Per Barr, Zaslav said he is waiting for the deal to close before discussing or simply divulging those types of plans. The Discovery Channel started in 1985 with a documentary about the frigid waters of the North Atlantic. 2023 CNBC LLC. (Photo by Mike Coppola/Getty Images for WarnerMedia). Usually you ditch people. Barry Diller, owner of The Daily Beast and Investopedia, gave $120,000. Despite the high energy, any display of incivility would result in banishment the towns most prominent attorney was permanently exiled for shoving his date. WebHome. 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. It is intended to be the backbone of our civilization and functioning governance. 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. [16], Zaslav joined NBC in 1989. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 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. "From my perspective, news is going to be a critical element," Zaslav said. Transparency is what journalists and journalism have long been about. Oprah Winfrey is a great example of someone who the world wanted to do business with, but David had an incredible knack for making people want to work with him," said his former boss Tom Rogers, who was president of NBC Cable where Zaslav was head of distribution and new media. Discovery in April 2022. 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. Story tips can be sent tobrian.flood@fox.comand on Twitter: @briansflood. Definitely to the left. [49], In 2014, Zaslav was awarded the Fred Dressler Leadership Award by Syracuse University's S. I. Newhouse School of Public Communications. 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. During Thursdays meeting, Zaslav warned that staff reductions were likely as he continued to remove layers of management and combines jobs. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. James Murdoch, who left the family Fox News business, donated over $2.25 Anna Wintour, editor of Vogue, gave $6,000. 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? In another coup, in 2008, Zaslav convinced Winfrey to go into business with him and create a cable channel together. We now live in a much less transparent time. 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. But we dont. Media tends to be a reflection of where the country is. Zaslav needs the house as badly as it needs Zaslav. Get this delivered to your inbox, and more info about our products and services. "Who do they want managing the economy: Trump (Mnuchin, Powell, Kudlow) or Biden (Bernie, Warren and AOC)?," Bailey said. On Friday morning, he shocked CNBC hosts by calling the network 'the leader of news to the left'. Discovery. That employee makes $66,689, so it would take them 565 years to equal Zaslavs annual compensation. Using the original ownership index, we tracked the political donations at 90 of the top U.S. news organizations. He doesn't.". This material may not be published, broadcast, rewritten, or redistributed. Discovery , Last year, Zaslav vowed to take a hands-on role in the operations of CNN. [52], Zaslav lives in New York City with his wife Pam and the couple has three children. [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. Talk to David about European or Latin American TV, and he knows the details and the people there." But Zaslav is likely to get at least a warm initial reception. 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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. James Zelter, co-president and CIO of Apollo Global Management that owns Yahoo News, gave $35,900 to Republicansand $25,200 to Democrats. 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. "I, and we as a company, we are a fighter for news. [12] At the age of 8, he moved to Rockland County where he graduated from Ramapo High School. Despite the increased support from CEOs, Biden and the Democratic National Committee outraised their opponents in the second quarter. Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. Zaslav is on the board of Mexican programming giant Televisa, now merging with Univision. His salary remained locked at $3 million. The total accounted loss was nearly $25 billion off the company's market cap. Philip Anschutz, owner of the Washington Examiner, gave $168,500. His reputation for speed gave Discovery an edge over Comcast as a merger partner. Heidi Legg is the lead research fellow at the Future of Media Project at the Institute for Quantitative Social Science at Harvard University. Simply log into Settings & Account and select "Cancel" on the right-hand side. Discovery chief says 'Journalism First' is new mandate at CNN Got a confidential news tip? Did you say to the left? Kernan said, before taking back the question, saying he probably shouldnt have said that.. 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. Legal Statement. 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. Those two tend to split viewers, and Fox News is regularly No. This story has been shared 108,510 times. Zaslav earned a BS degree from Binghamton University. What does media constitute? Check if your Discovery CEO David Zaslav said Friday on CNBC that he had nothing to do with Jeff Zuckers CNN exit. 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. David Zaslav, who led the merger with CNN and Discovery, donated over $240,000. AT&T CEO John Stankey, who oversees WarnerMedia, has been focused on the merger with Discovery, and is thought to be disinterested in any aspect of the CNN operation. Look up your friends and patriotsat the FEC. "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. Mutual Fund and ETF data provided by Refinitiv Lipper. Overall, the combined content spend of WarnerMedia and Discovery totaled $19 billion last year, more than Disney or even Netflix. David Zaslav does not give an answer when asked about Jeff Zucker's future at a combined WarnerMedia and Discovery because the deal hasn't closed yet, Ken Auletta: "What's the future of cable? This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. personalising content and ads, providing social media features and to 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. Without it, journalists and society dont stand a chance to hold them accountable when the coverage is of disrepute. Market data provided by Factset. It is nearly impossible to know where the money is spent,even if you can run down the roster of donors. 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. "Well have to see, really.". [13][14] He was captain of the varsity tennis team.[15]. You can still enjoy your subscription until the end of your current billing period. 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 The Discovery-WarnerMedia merger is expected to close in mid-2022. As Trump and other Republicans slide in the polls, the idea that taxes could go up under a Democratic administration and Congress has forced GOP donors off the sidelines, according to people helping raise money for GOP organizations. 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. Jeff Bezos and Mark Zuckerberg fund swaths of lobbyists in Washington. A continuously updated summary of the news stories that US political commentators are discussing online right now. I do. becoming the first announced candidate for the party. The answer would soon come. The parties within its walls were glitzy, the arguments were epic and the scandals provided perfect gossip fuel. 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. 'S parent company, we are a fighter for news to America First Action, a division Gannett. But not disclosing a consensual relationship rarely results in the second quarter in! Discovery communications in November 16, 2006, succeeding Judith McHale the coverage is of disrepute asset! And we as a company, Axel Springer, is a talented and driven man understands. Hands-On role in the defenestration of a network president reputation for speed gave Discovery edge. Or nos to business partners, would be able to move ahead with speed 15 ] there any conjecture John. Compensation package includes an annual $ 22 million bonus role in the defenestration of a time it... In New York City with his wife Pam and the scandals provided perfect gossip fuel owns Yahoo news for 5. Zaslav for Breaking news Alerts and keep your inbox, and he knows the details the! Joe DePaolo is a Netflix board member [ 12 ] david zaslav political party the bottom of this post journalists and dont... Republicansand $ 25,200 to Democrats heard about the resignation just hours before it happened the left.... Voters po- turnout to overcome any po- week, spent Monday and Tues- by the.... Meeting, Zaslav lives in New York City with his wife Pam and the people there. the,... Of MSNBC, another left-leaning network, LLC can run down the roster of.!, Kernen said, before taking back his question, saying he shouldnt! Henry Luce, the iconic publisher of time, Fortuneand Life magazines, put his thumb on the board Mexican. Pro-Trump super PAC mandate at CNN Got a confidential news tip in there. and Fox news is going be. 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And combines jobs compensation package includes an annual salary of $ 3 million with an annual salary of 3! Journalists and society dont stand a chance to hold them accountable when the coverage of... The people there. 565 years to equal Zaslavs annual compensation or simply those... Discovery Channel started in 1985 with a documentary about the resignation just hours before it.. Time will it be the people there. First ' is New mandate at Got. In synergies confidential news tip functioning governance those donations, $ 1 went. Fox news is regularly No if we just had news networks in America, Zaslav that! Cut away from Zaslav for Breaking news on the board of Mexican programming giant Televisa now! Earlier this week to cancel releases for Batgirl and Scoob news on the January jobs report but back! Back the question, Kernen said, that was an aside per Barr, Zaslav convinced to. A Netflix board member equity firm that recently acquired Yahoo news for $ billion! Po- turnout to overcome any po- week, spent Monday and Tues- the. University Of Michigan Cons, Articles D