The total accounted loss was nearly $25 billion off the company's market cap. 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. Jean-Briac Perrette, president and CEO of Discovery International, earned $10.4 million total compensation, down from $14.4 million in 2019. CNN, which has struggled to attract viewers during the Biden era,is part of the deal and many industry observers felt the decision to revert to more straight news began this week when Zucker was forced out. We support credit card, debit card and PayPal payments. 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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. (Photo by Mike Coppola/Getty Images for WarnerMedia) (Getty Images). 2023 FOX News Network, LLC. 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. Newsmax owner Chris Ruddy gave $365,000 to Donald Trump and his super PACs. 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. Or to keep it anonymous, click here. Senator from Idaho Jim Risch, amounted to a total of $5,600. Follow him on Twitter: @joe_depaolo. Zaslav also oversaw NBCUniversal's interests in A&E, The History Channel, The Biography Channel, National Geographic International, the Sundance Channel and TiVo. 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. David Zaslav, Hollywoods new mogul. : Holiday Zaslav had a hand in the launch of MSNBC, another left-leaning network, during his time as an NBC executive. Where the country was when we launched MSNBC was much more fact-based and less divided.. offers FT membership to read for free. It is intended to be the backbone of our civilization and functioning governance. "From my perspective, news is going to be a critical element," Zaslav said. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. ", JEFF ZUCKER OUT AT CNN AFTER FAILING TO DISCLOSE CONSENSUAL RELATIONSHIP WITH COLLEAGUE: I WAS WRONG. Quotes displayed in real-time or delayed by at least 15 minutes. The index wasmore popular than anticipated. And then were the leader in news to the left, Zaslav told CNBC on Friday. It raises the question: Does super PAC funding, often with a hefty and opaque line-item labeled media spend,fund some of these outlets? Variety and the Flying V logos are trademarks of Variety Media, LLC. 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. Without it, journalists and society dont stand a chance to hold them accountable when the coverage is of disrepute. Zaslav is on the board of Mexican programming giant Televisa, now merging with Univision. Were running our business," Zaslav said. This time, the bulk of Zaslavs compensation came from stock awards ($12.5 million) and non-equity incentive plan compensation ($21.8 million). "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. His salary remained locked at $3 million. Same goes for Jason Kilars future, we presume. Last week,Discovery reportedit had reached 20 million paying streaming subscribers worldwide by the end of September. All that represents both serious business and serious persuasion disciplines that place the Regency house in Beverly Hills in a vastly different role. 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. Sign up for notifications from Insider! His reputation for speed gave Discovery an edge over Comcast as a merger partner. In his contract extension, Zaslav also received stock options valued at $190 million. Discovery chief says 'Journalism First' is new mandate at CNN Before her recent spending spree, Catz had given very few political contributions this cycle. On Friday morning, he shocked CNBC hosts by calling the network 'the leader of news to the left'. Edward Atsinger, a leading evangelical and co-founder of conservative Townhall Media,gave about $30,000. The new entity will inherit the biggest share of cable viewers in the U.S., accounting for 29% of viewing time. Despite the increased support from CEOs, Biden and the Democratic National Committee outraised their opponents in the second quarter. With Democratic voters po- turnout to overcome any po- week, spent Monday and Tues- by the parties. 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. 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. CNNs political stance is a source of frequent scrutiny in the news industry. Mutual Fund and ETF data provided by Refinitiv Lipper. 2023 FOX News Network, LLC. Zucker abruptly resigned this week after admitting he failed to properly disclose his relationship with another senior executive, CNN chief marketing officer Allison Gollust. CNBC then cut away from Zaslav for breaking news on the January jobs report but came back to the Discovery honcho afterwards. Bob Evans at dinner would persuade Nicholson to accept the lead in Chinatown, praising the talent of a then young director, Roman Polanski. 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. Did Elon Musk, one of the biggest donors to Wikipedia, reallygive only $40,000 to political leaders and causesin 2020-21? 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. 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. To sustain that position, Zaslav will have to drastically readjust his spending habits. Zaslavwill lead the combined company called 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. This material may not be published, broadcast, rewritten, or redistributed. All Rights Reserved. AT&T Inc., agreed to merge its WarnerMedia division with Discovery Communications Inc., creating a streaming giant to compete with Walt Disney Co.'s Disney+ and Netflix. Fox News positions itself as a conservative-leaning network, serving those on the political right. 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. Evans fought valiantly for Paramount to release Last Tango in Paris and Tropic of Cancer. So maybe Zaslav isnt offended by the transparent political bias Powered and implemented by FactSet Digital Solutions. Only 60 people in media leadership had donated more than$2,000 to a political candidate since 2019. What investors need to know about Biden's economic vision. Man, you werent kidding, Kernen said, also laughing. 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. Our system is awash in billions of political dollars. Quotes displayed in real-time or delayed by at least 15 minutes. The Discovery CEO also was early in laying foundations overseas, where rival media companies are now trying to bulk up. 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. (CNBC Screenshot). 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. Per Barr, Zaslav said he is waiting for the deal to close before discussing or simply divulging those types of plans. Then, sheepishly taking back his question, Kernen said, that was an aside. Discovery CEO David Zaslav addressed the companys controversial decision this week to cancel releases for Batgirl and Scoob! "Plus, David actually shows up. 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. Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. All Rights Reserved. Last year, Zaslav vowed to take a hands-on role in the operations of CNN. Story tips can be sent tobrian.flood@fox.comand on Twitter: @briansflood. Add to that the billions of dollars from super PACsused to fund political content pushed by new digital channels and influencers. [34], In May 2021, it was announced that Zaslav would serve as CEO of a proposed merger of Discovery with a spin-out of AT&T's WarnerMedia. personalising content and ads, providing social media features and to The executive who is soon to take over CNN appeared to make a candid admission about where he sees the network. cookies Biden has said he wants to raise the corporate tax rate to 28% from 21%. Media tends to be a reflection of where the country is. Under Zuckers leadership, CNN cultivated an antagonistic relationship with former President Donald Trump and other prominent conservatives. Discovery executives are treating Zuckersunexpected exit as a fresh startfor CNN, according to the networks own media reporter, Brian Stelter. "I, and we as a company, we are a fighter for news. Together, Discovery and WarnerMedia will span every genre from Hollywood movies and TV shows to reality TV, to news and sports. No surprise, Rupert Murdoch and his son Lachlan collectivelygave over $2.5 million, mostly to Republicans. Overall, I think wed be better off if we just had news networks, but we dont.. 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. 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. Jeff Zucker is considered to be the person responsible for the CNNs shift away from the nonpartisan outlet it was before his tenure. Yet, we know little about their political views or how that money is being spent. Dominic Patten / Deadline: David Zaslav Praises CNN Adding More GOP Voices; Balance Strategy Is Important, Warner Bros Discovery Boss Says. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Zaslav is on the board of Mexican programming giant Televisa, now merging with Univision. 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. Sheryl Sandberg, COO of Facebook, gave $500,000 mostly to Democrats. In his New York days, Zaslav liked friends like Ron Perelman, Lorne Michaels and Jeff Zucker to hang at his Hamptons parties. [40] Some of those projects were "practically finished" or in the late stages of post-production, including Batgirl and Scoob! "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. Discovery CEO David Zaslav, whose media giant is set to close its merger with CNNs owner WarnerMedia this spring, made the surprise remark during a 2023 NYP Holdings, Inc. 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[51], In 2022, he was named one of Time's 100 Most Influential People. WBD President and CEO David Zaslav spent time with Abrams before the close of the merger earlier this year and is a fan. 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. analyse how our Sites are used. We now live in a much less transparent time. 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. [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]. Look up your friends and patriotsat the FEC. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Email him here: joed@mediaite.com 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. Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. [49], In 2014, Zaslav was awarded the Fred Dressler Leadership Award by Syracuse University's S. I. Newhouse School of Public Communications. The government needs to catch up and revamp how we track media money in politics. 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. 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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. 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. But Zaslav is likely to get at least a warm initial reception. Get this delivered to your inbox, and more info about our products and services. Where the country was when we launched MSNBC was much more fact-based and less divided.. (Photo by Mike Coppola/Getty Images for WarnerMedia). The tennis court, he decided, needed to be moved three feet, and changed to a clay surface. or redistributed. 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