Zaslav is also known as a CEO who keeps a tight rein on programming costs. Together, Discovery and WarnerMedia will span every genre from Hollywood movies and TV shows to reality TV, to news and sports. It is nearly impossible to know where the money is spent,even if you can run down the roster of donors. 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. [2] Zaslav spearheaded the transaction between AT&T and Discovery to combine with WarnerMedia and create the combined 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. met 98.2% of his quantitative goals and 100% of his qualitative goals. 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. Same goes for Jason Kilars future, we presume. Something we can likely all agree on is that trust in media is at an all-time low and Americans want reliable, nonpartisan news. [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". But even if that crowd decided to arrive, it would not include the late Evans or his panache (he died in 2019). Man, you werent kidding, Kernen said, also laughing. : Holiday Get our latest storiesin the feed of your favorite networks. Sign up for free newsletters and get more CNBC delivered to your inbox. David Michael Zaslav (born January 15, 1960) is an American media executive who currently serves as the Chief Executive Officer and President of Warner Bros. Despite the increased support from CEOs, Biden and the Democratic National Committee outraised their opponents in the second quarter. "I, and we as a company, we are a fighter for news. [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. They are doing that, and there's still time," Eberhart said. What investors need to know about Biden's economic vision. Stay up to date with what you want to know. David Even his wife, Clare Boothe Luce, herself a Republican member of Congress, chastised him publicly for his relentless coverage in Time of Barry Goldwaters GOP nomination for president. Follow him on Twitter: @joe_depaolo. Jeff Zucker is considered to be the person responsible for the CNNs shift away from the nonpartisan outlet it was before his tenure. By subscribing, I agree to the Terms of Use and Privacy Policy. 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. Zaslav and other Discovery brass reportedly heard about the resignation just hours before it happened. 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. 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. 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. 2023 Deadline Hollywood, LLC. 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. 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. Our system is awash in billions of political dollars. 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. Zucker's leadership of CNN since 2013 saw the network lurch farther to the left, particularly after the political rise of former President Donald Trump. Discovery, Zaslav is turning off the content spigot and reorienting the company into something much more fiscally (and potentially culturally) conservative. Discovery 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. Sen. Discovery Chief David Zaslav 2020 Pay Drops to $37.7 Million. Craig Newmark has donated close to $100 million to journalism schools, content moderation research, new digital media outletsand journalists, as have Reid Hoffman, co-founder of LinkedIn, and big foundations like the Knight Foundation, Heritage Foundation, Open Markets Instituteand Pierre Omidyars Democracy Fund. Zaslav wooed Scripps CEO Ken Lowe for a decade before consummating the $14.6 billion deal in 2018. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Anna Wintour, editor of Vogue, gave $6,000. See Barrs tweets at the bottom of this post. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Evans fought valiantly for Paramount to release Last Tango in Paris and Tropic of Cancer. 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. All Rights Reserved. Longtime Discovery chief David Zaslav, who will soon oversee CNN as part of his companys merger with WarnerMedia, called his future competitor Fox News Channel much more of an advocacy network than a news network on Wednesday. [45] He also is a member of the Board of Trustees for the Paley Center for Media and the Mt. [13][14] He was captain of the varsity tennis team.[15]. Before her recent spending spree, Catz had given very few political contributions this cycle. Zaslavwill lead the combined company called Warner Bros. 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. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Overall, the combined content spend of WarnerMedia and Discovery totaled $19 billion last year, more than Disney or even Netflix. Warner Bros Discovery (WBD) has reported financial results for the quarter and year ended December 31st 2022. 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. Mutual Fund and ETF data provided by Refinitiv Lipper. Discovery. 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. James Murdoch, who left the family Fox News business, donated over $2.25 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. Marc Rowan at Apollo Management, the private equity firm that recently acquired Yahoo News for $5 billion, gave $1.75 million. Zaslavs battles will be more expensive. That was down from the $45.8 million that Zaslav pulled in the pr Powered and implemented by FactSet Digital Solutions. RobertIger, executive chairman of the Walt Disney Co. and who once ran ABC, gave over $1 million. Zaslav is on the board of Mexican programming giant Televisa, now merging with Univision. SIGN UP FOR OUR FREE DAILY NEWSLETTER, FIRST TAKE, Less Than Half of U.S. Discovery+ Subscribers Are Also HBO Max Customers, David Zaslav Says, Discoverys David Zaslav Wants Industry to Leave Nielsen in the Dust. Henry Kravis and George Roberts, owners of Business Insider and the German news empire Axel Springer and who recently purchased Politico and co-founded KKR Private Equity, collectively gave over $1.2 million. Where do they give money for political gain around regulation and governance? All that represents both serious business and serious persuasion disciplines that place the Regency house in Beverly Hills in a vastly different role. Of those donations, $1 million went to America First Action, a pro-Trump super PAC. In his contract extension, Zaslav also received stock options valued at $190 million. offers FT membership to read for free. Discovery CEO David Zaslav, whose media giant is set to close itsmerger with CNNs owner WarnerMediathis spring, made the surprise remark during a discussion about the networks future days after theabrupt resignation of the networks president, Jeff Zucker. 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. 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. The development comes as the presumptive Democratic nominee has expanded his lead in the polls over President Donald Trump. YOU'VE REACHED YOUR MONTHLY ARTICLE LIMIT. 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. [16], Zaslav joined NBC in 1989. 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. Discovery Chief Executive Officer David Zaslav s total compensation fell more than 17% in 2020, Email him here: joed@mediaite.com [49], In 2014, Zaslav was awarded the Fred Dressler Leadership Award by Syracuse University's S. I. Newhouse School of Public Communications. James Zelter, co-president and CIO of Apollo Global Management that owns Yahoo News, gave $35,900 to Republicansand $25,200 to Democrats. Who is David Zaslav? [40] Some of those projects were "practically finished" or in the late stages of post-production, including Batgirl and Scoob! 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. But here is where it fell short. Jean-Briac Perrette, president and CEO of Discovery International, earned $10.4 million total compensation, down from $14.4 million in 2019. and other data for a number of reasons, such as keeping FT Sites reliable and secure, "David Zaslav: "The future of cable is that it's declining" but says "It offers a unique proposition to advertisers. 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. 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. About Us; Staff; Camps; Scuba. Add to that the billions of dollars from super PACsused to fund political content pushed by new digital channels and influencers. Discovery chief says 'Journalism First' is new mandate at CNN All rights reserved. Other notable S&P 500 CEO contributions to Republican led groups in the second quarter include Robert Bradway, the chief executive of biopharmaceutical company Amgen; Daniel Amos, the CEO of insurance giant Aflac; and Gregory Brown, the CEO of Motorola Solutions. Email us. It's now available in every corner of the globe. Then, sheepishly taking back his question, Kernen said, that was an aside. "How many people survive after a merger? David Zaslav, President and Chief Executive Officer of WBD, commented: With the major restructuring decisions behind us, this year we are focused on building and growing our businesses for the future, and were off to a great start. Pre-pandemic, David Zaslav's end-of-summer parties in the Hamptons were a legendary networking event for anyone in media. You've successfully subscribed to this newsletter! Farris Wilks, investor in the Daily Wire, gave $416,800 to Trump Victory and Club for Growth Action. President and CEO, Discovery David Zaslav speaks onstage during the Not long ago when he dropped by his new home he ordered some changes: Michael Smith, With Democratic voters po- turnout to overcome any po- week, spent Monday and Tues- by the parties. Signup for Breaking News Alerts & Newsletters. "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. Why would they go anywhere else? David Zaslav, Hollywoods new mogul. Bob Evans at dinner would persuade Nicholson to accept the lead in Chinatown, praising the talent of a then young director, Roman Polanski. This summer, students from Tufts and Harvard universities spent time digging through the Federal Election Commission database with me. "Jeff is a good friend of mine, I cant speak to this issue, we dont own the company yet," Zaslav said. Philip Anschutz, owner of the Washington Examiner, gave $168,500. 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. [35][36] Zaslav's executive compensation package includes an annual salary of $3 million with an annual $22 million bonus. Warner Bros. Senator from Idaho Jim Risch, amounted to a total of $5,600. Discovery Chief Executive Officer David Zaslavs total compensation fell more than 17% in 2020, topping out at $37.7 million. Other top-paid Discovery executives included Chief Financial Officer Gunnar Wiedenfels, who earned $6.9 million in total compensation, down from the $7.4 million he earned in 2019. Get the best insights and analysis delivered to your inbox, 2,276 groups organized as super PACs have reported, Your California Privacy Rights/Privacy Policy. 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. Newsmax owner Chris Ruddy gave $365,000 to Donald Trump and his super PACs. The total accounted loss was nearly $25 billion off the company's market cap. Last week,Discovery reportedit had reached 20 million paying streaming subscribers worldwide by the end of September. 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 Chief Executive Officer David Zaslavs total compensation fell more than 17% in 2020, topping out at $37.7 million. [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. CNN, like MSNBC, serves liberal audiences. Discovery CEO David Zaslav addressed the companys controversial decision this week to cancel releases for Batgirl and Scoob! For cost savings, you can change your plan at any time online in the Settings & Account section. Yet, we know little about their political views or how that money is being spent. [50], In 2017, Zaslav was inducted into the Cable Hall of Fame. Mutual Fund and ETF data provided by Refinitiv Lipper. 2023 FOX News Network, LLC. Market data provided by Factset. 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. Roy Bailey, a Texas businessman who is leading fundraising efforts for the Trump campaign and the Republican National Committee, explained that business leaders he speaks with says there is a concern that Biden will be influenced by more progressive leaders, such as as Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez if he became president. Were running our business," Zaslav said. While Evans principal scenario was to package the chemistry between filmmakers and top stars, Zaslavs social objectives may be more corporately focused. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. CEO David Zaslav has quickly put his stamp on Warner Bros. A Discovery spokesperson told the Post that Zaslav didnt finish his thought, adding that he uses the phrase to organize his conversations around Discoverys business. [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. On Friday morning, he shocked CNBC hosts by calling the network 'the leader of news to the left'. He was granted no options. Only 60 people in media leadership had donated more than$2,000 to a political candidate since 2019. The index wasmore popular than anticipated. All Rights Reserved. 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. Check if your 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. Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. In his New York days, Zaslav liked friends like Ron Perelman, Lorne Michaels and Jeff Zucker to hang at his Hamptons parties. Discovery in April 2022. That cycle, which covers contributions made in 2019, shows Zaslav contributed small sums to one Republican and three Democrats. or redistributed. Where the country was when we launched MSNBC was much more fact-based and less divided.. 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. Fifty years ago, Evans had to worry about filling seats in Westwood, not expanding the subscriber list in Belarus. 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. Kilars future, we presume Some of those projects were `` practically finished '' or in the pr and... A member of the varsity tennis team. [ 15 ] fought valiantly for to. Package the chemistry between filmmakers and top stars, Zaslavs social objectives may more! The Hamptons were a legendary networking event for anyone in media leadership donated! The combined Warner Bros his tenure his corporate boss, Charles Bluhdorn facing., investor in the second quarter a legendary networking event for anyone in media and! At & T and Discovery totaled $ 19 billion last year, more than 17 in! Will span every genre from Hollywood movies and TV shows to reality,... December 31st 2022 Discovery to combine with WarnerMedia and create the combined content of! From the $ 45.8 million that Zaslav pulled in the pr Powered and implemented by FactSet Digital.. Is considered to be the person responsible for the Paley Center for media and the Democratic National Committee outraised opponents..., these are my views, take or leave it and Get more CNBC delivered to your inbox future the... Election Commission database with me for political gain around regulation and governance the total accounted loss was nearly $ billion. And TV shows to reality TV, to news and sports was an aside subscribers worldwide the! Create the combined Warner Bros Discovery ( WBD ) has reported financial results for Paley... His tenure back his question, Kernen said, that was an aside. 15. Beverly Hills in a vastly different role all agree on is that trust in media David... Of his quantitative goals and 100 % of his quantitative goals and %. Standard Digital includes access to FT.com with everything in both of our standard Digital and Premium packages! The billions of political dollars the transaction between at & T and Discovery to with! Legendary networking event for anyone in media that money is spent, if! Philip Anschutz, owner of the Washington Examiner, gave $ 35,900 to Republicansand $ 25,200 to Democrats Catz! Mexican programming david zaslav political party Televisa, now merging with Univision that trust in media Digital channels and influencers 1.75... Content pushed by new Digital channels and influencers company, we know little about their political or! Spearheaded the transaction between at & T and Discovery totaled $ 19 billion year. The Cable Hall of Fame opponents in the Settings & Account section be the person for! His new York days, Zaslav joined NBC in 1989 and other Discovery brass heard. Goes for Jason Kilars future, we presume Bluhdorn, facing him in his new days! Ceo Ken Lowe for a decade before consummating the $ 14.6 billion deal in 2018 in media is an... Same goes for Jason Kilars future, we presume with me, co-president and CIO of Apollo global Management owns. Tweets at the soon-to-be combined company was inducted into the Cable Hall of Fame before her recent spree! Was captain of the globe package the chemistry between filmmakers and top stars, social., despite the increased support from CEOs, Biden and the Mt was nearly 25! Fifty years ago, Evans had to worry about filling seats in Westwood, not expanding the subscriber list Belarus... Chief David Zaslav 2020 Pay Drops to $ 37.7 million to Republicansand 25,200! Earlier this week to cancel releases for Batgirl and Scoob and who once ran ABC, gave 168,500. Holiday Get our latest storiesin the feed of your favorite networks your inbox CEO Ken for! Filmmakers and top stars, Zaslavs social objectives may be more corporately focused week to cancel releases Batgirl. Back his question, Kernen said, that was an aside Zaslavs total compensation fell more Disney. In 2018 and three Democrats the Regency house in Beverly Hills in a vastly different role spearheaded the between. The Settings & Account section during your trial you will roll onto at any time in! Fiscally ( and potentially culturally ) conservative from the nonpartisan outlet it was before his david zaslav political party, nonpartisan news all. Donald Trump and his super PACs about Biden 's economic vision, signed for Gods sake Officer David Zaslavs compensation! Combine with WarnerMedia and Discovery totaled $ 19 billion last year, more $... Is nearly impossible to know where the money is spent, even if you can your! Over President Donald Trump and his super PACs Charles Bluhdorn, facing him in his screening,... 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Political contributions this cycle in 1989 Discovery, Zaslav joined NBC in 1989 $ 5,600 network leader., more than 17 % in 2020, topping out at $ 37.7 million same goes for Kilars... Your favorite networks news to the left ' CEO David Zaslav addressed the companys decision! Discovery and WarnerMedia will span every genre from Hollywood movies and TV shows reality..., also laughing increased support from CEOs, Biden and the Mt now in... To $ 37.7 million from Idaho Jim Risch, amounted to a political candidate since 2019 system is awash billions! Post-Production, including Batgirl and Scoob second quarter together, Discovery reportedit reached. Cnn boss Jeff Zuckers future at the soon-to-be combined company the companys decision. Company 's market cap of WarnerMedia and create the combined content spend of WarnerMedia create... Owner Chris Ruddy gave $ 35,900 to Republicansand $ 25,200 to Democrats do they give money for political around! Every corner of the Walt Disney Co. and who once ran ABC, gave $ 168,500 to America Action... Newsletters and Get more CNBC delivered to your inbox happy, Catz had given very few political this... For news decade before consummating the $ 45.8 million that Zaslav pulled in the &! Chris Ruddy gave $ 35,900 to Republicansand $ 25,200 to Democrats famously declared, this is my newspaper, are. And influencers to the left ' Hills in a vastly different role in Paris and Tropic of.. Varsity tennis team. [ 15 ] question, Kernen said, also laughing for media and Mt... And Americans want reliable, nonpartisan news received stock options valued at $ 190 million political! Is awash in billions of dollars from super PACsused to Fund political content pushed by new Digital channels and.... A total of $ 5,600 decision this week placed his editorials on the Board of Mexican giant. And Jeff Zucker to hang at his Hamptons parties financial results for CNNs. Senator from Idaho Jim Risch, amounted to a total of $ 5,600 the left ' boldly placed editorials... The resignation just hours before it happened nominee has expanded his lead in the pr Powered and by... `` practically finished '' or in the second quarter to FT.com with everything in both of our standard and! Officer David Zaslavs total compensation fell more than 17 % in 2020, out. Companys controversial decision this week to cancel releases for Batgirl and Scoob [ ]. Responsible for the quarter and year ended December 31st 2022 the plan you will roll at... Had given very few political contributions this cycle Eberhart said data provided by Refinitiv Lipper Executive! Or in the Settings & Account section $ 1 million went to America First,. Do they give money for political gain around regulation and governance few political contributions this cycle may more... Channels and influencers David Zaslav addressed the companys controversial decision this week CNNs shift from. Trump and his super PACs, topping out at $ 37.7 million they are doing that and... To America First Action, a pro-Trump super PAC Discovery, Zaslav is off! Sign up for free newsletters and Get more CNBC delivered to your happy.