Variety is a part of Penske Media Corporation. 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. Something we can likely all agree on is that trust in media is at an all-time low and Americans want reliable, nonpartisan news. [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. His reputation for speed gave Discovery an edge over Comcast as a merger partner. It is intended to be the backbone of our civilization and functioning governance. 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. Holiday Haunt. Only 14.5% of the 412 owners, executives, board members and investors had given to individual candidates, traditional PACs or super PACs from January 2020 to August 2021, as trackedby the FEC. 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. Together, Discovery and WarnerMedia will span every genre from Hollywood movies and TV shows to reality TV, to news and sports. Those two tend to split viewers, and Fox News is regularly No. Quotes displayed in real-time or delayed by at least 15 minutes. Despite the high energy, any display of incivility would result in banishment the towns most prominent attorney was permanently exiled for shoving his date. His salary remained locked at $3 million. 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. Zaslavs battles will be more expensive. Sen. Powered and implemented by FactSet Digital Solutions. personalising content and ads, providing social media features and to 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. Zaslav earned a BS degree from Binghamton University. Zaslav, known for delivering fast yes or nos to business partners, would be able to move ahead with speed. Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. "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. And when asked about the future of cable, the former protector of the cable bundle acknowledged that the medium is declining, but believes it will still stick around a lot longer than people think.. Zaslav didnt clarify in response, and it immediatelywent viral on social media, where users pointed to it as an acknowledgement that CNN leans left politically. Biden and the Democratic National Committee outraised their opponents in the second quarter. Premium access for businesses and educational institutions. LIBERTY MEDIA CHAIRMAN CHIDES CNN TO 'ACTUALLY HAVE JOURNALISTS' FOLLOWING AT&T-DISCOVERY MERGER, "None of us had anything to do with it. Or to keep it anonymous, click here. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) 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 needs the house as badly as it needs Zaslav. Domestically, HBO Max and HBO have a combined 45.2 million subscribers. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. Where the country was when we launched MSNBC was much more fact-based and less divided.. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. All Rights Reserved. Usually you ditch people. 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. 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. Last week,Discovery reportedit had reached 20 million paying streaming subscribers worldwide by the end of September. 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? Zaslav is also one of the highest-paid CEOs in media history. The Bloomberg, Powell Jobsand even Murdoch setups are now bizarrely comforting: At least we know where they stand, and the money is domestic. Is it a good one? 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. Variety and the Flying V logos are trademarks of Variety Media, LLC. That employee makes $66,689, so it would take them 565 years to equal Zaslavs annual compensation. [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. Media tends to be a reflection of where the country is. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Super PACs have the freedom to report only twice a year, so there may be more to come. [46] He is chair of the Auschwitz: The Past Is Present Committee which promotes awareness of the Holocaust. The total accounted loss was nearly $25 billion off the company's market cap. Dominic Patten / Deadline: David Zaslav Praises CNN Adding More GOP Voices; Balance Strategy Is Important, Warner Bros Discovery Boss Says. Not long ago when he dropped by his new home he ordered some changes: Michael Smith, Discovery, home to Animal Planet and unscripted shows like 90 Day Fianc, may now become Once Upon a Time in Hollywood. Discovery. It raises the question: Does super PAC funding, often with a hefty and opaque line-item labeled media spend,fund some of these outlets? Pamela Wasserstein, owner of Vox and New York magazine, gave $8,100. He doesn't.". 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. Marc Rowan at Apollo Management, the private equity firm that recently acquired Yahoo News for $5 billion, gave $1.75 million. He's known for sporting the sleeveless fleece vests popular with financial industry executives and for bringing swag bags to meetings. [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. Did Elon Musk, one of the biggest donors to Wikipedia, reallygive only $40,000 to political leaders and causesin 2020-21? This summer, students from Tufts and Harvard universities spent time digging through the Federal Election Commission database with me. I do. Longtime Discovery chief David Zaslav, who will soon oversee CNN as part of his companys merger with WarnerMedia, called his future competitor Fox News "It's clear Team Trump needs to break the glass and pull the fire alarm. "He had an incredible knack for developing strong relationships. He was granted no options. (CNBC Screenshot). In a digital age, there are many new ways to influence. It's unclear which political direction Discovery CEO David Zaslav wants to take the network in. Brooklyn-born Zaslav attended high school in Rockland County, where he was captain of the tennis team. 2023 FOX News Network, LLC. The issue is that not enough of his Sheryl Sandberg, COO of Facebook, gave $500,000 mostly to Democrats. 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. 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. 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. (Photo by Mike Coppola/Getty Images for WarnerMedia) (Getty Images). Zaslav spearheaded the transaction between AT&T and Discovery to combine with WarnerMedia and create the combined Warner Bros. 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. 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. No surprise, Rupert Murdoch and his son Lachlan collectivelygave over $2.5 million, mostly to Republicans. We need radical transparency from media and social media platforms on which politicians, super PACs and lobbyists they fund. David Zaslav, Discovery's CEO, will lead the combined Discovery-WarnerMedia. Discovery, Zaslav is turning off the content spigot and reorienting the company into something much more fiscally (and potentially culturally) conservative. Its only occasional visitor is David Zaslav, newly minted king of Hollywood, who comes to commune with its ghosts and summon up plans for its glistening future. 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. Stay up to date with what you want to know. A continuously updated summary of the news stories that US political commentators are discussing online right now. 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 Story tips can be sent tobrian.flood@fox.comand on Twitter: @briansflood. We support credit card, debit card and PayPal payments. Quotes displayed in real-time or delayed by at least 15 minutes. Is this newly minted class of wealth really absent from politics and political influence? Our system is awash in billions of political dollars. 1. Now he will oversee WarnerMedia. becoming the first announced candidate for the party. After all, he intended to spend more time on it, and style is as important in tennis as it is in show business. The index wasmore popular than anticipated. 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. A Division of NBCUniversal. WBD President and CEO David Zaslav spent time with Abrams before the close of the merger earlier this year and is a fan. In awarding Zaslav his 2020 cash bonus, the board determined the Discovery chief analyse how our Sites are used. "After Biden released his economic plan, I would expect CEO donations to President Trump to accelerate. 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. Eric Zinterhofer, board member of Univision, gave $102,000. The government needs to catch up and revamp how we track media money in politics. Discovery, to be sure, funded Otter Dynasty, not Game of Thrones. Legal Statement. The COVID-19 virus had accelerated cord-cutting that's causing cable TV channels to lose subscribers. 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. It is nearly impossible to know where the money is spent,even if you can run down the roster of donors. 2023 CNBC LLC. Discovery Chief David Zaslav 2020 Pay Drops to $37.7 Million. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. 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You can still enjoy your subscription until the end of your current billing period. met 98.2% of his quantitative goals and 100% of his qualitative goals. Then, sheepishly taking back his question, Kernen said, that was an aside. Discovery cant play any role in CNNs operations until the deal concludes. CEO David Zaslav has quickly put his stamp on Warner Bros. Zaslav is on the board of Mexican programming giant Televisa, now merging with Univision. A Real Clear Politics polling average shows Biden ahead of Trump by close to 10 points. 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. 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. 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. 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. I dont see how this ends well. Laurene Powell Jobs donated over $2 million. The new entity will inherit the biggest share of cable viewers in the U.S., accounting for 29% of viewing time. We want to hear from you! But at Warner Bros. Zaslav is on the board of Mexican programming giant Televisa, now merging with Univision. Sprecher also gave at least $106,500 to the National Republican Senatorial Committee, the official campaign arm of Republicans running for Senate seats. 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 YOU'VE REACHED YOUR MONTHLY ARTICLE LIMIT. [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. David Zaslav has been enjoying a stock runup after Wall Street analysts expressed increased optimism about Warner Bros. By subscribing, I agree to the Terms of Use and Privacy Policy. Same goes for Jason Kilars future, we presume. 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 See an updated version of our story below. Mutual Fund and ETF data provided by Refinitiv Lipper. The TV deal maker will head the new venture formed by his companys merger with AT&Ts WarnerMedia, as he seeks to build a streaming juggernaut. I found these figures wanting. That leaves $1 billion unaccounted for. Zaslav's executive compensation package includes an annual salary of $3 million with an annual $22 million bonus. 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. But Zaslav is likely to get at least a warm initial reception. We want to hear from you. 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. Market data provided by Factset. 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. Zaslav made a similar remark during an AT&T and Discovery joint news conference in May 2021, describing the left side of the joint company as everything other than the content. "It's the only media company that I've worked with in the last two decades where building a unified global presence was a core part of the strategy," said Joe Ravitch, co-founder of Raine, the media-focused merchant bank. Definitely to the left, Kernen said. Overall, the combined content spend of WarnerMedia and Discovery totaled $19 billion last year, more than Disney or even Netflix. The results were surprising. That cycle, which covers contributions made in 2019, shows Zaslav contributed small sums to one Republican and three Democrats. President and CEO, Discovery David Zaslav speaks onstage during the The boss ofCNNs new parent companysaid on Friday the network was the leader in news to the left but his communications team soon scrambled to walk back the frank admission, insisting he wasnt talking about politics. (Photo by Amanda Edwards/Getty Images for Discovery, Inc.). Dan Eberhart, a longtime prominent Republican donor, told CNBC he senses that wealthy financiers are going to start lining up behind Trump. The parties spilled onto the beach and ended with fireworks and shark-shaped cake made by the "Cake Boss.". [16], Zaslav joined NBC in 1989. 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. Journalism is not meant to be public relations for political parties. Fox News positions itself as a conservative-leaning network, serving those on the political right. 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. Why? Without it, journalists and society dont stand a chance to hold them accountable when the coverage is of disrepute. In his contract extension, Zaslav also received stock options valued at $190 million. All Rights Reserved. The development comes as the presumptive Democratic nominee has expanded his lead in the polls over President Donald Trump. 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. 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. That may now stretch to nine months, since Zaslav, having negotiated the $43 billion Discovery-AT&T deal, has now expanded his domain to include Warner Bros, HBO and CNN. 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. They are doing that, and there's still time," Eberhart said. 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. 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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. , COO of Facebook, gave $ 8,100 of September Dynasty, not Game Thrones. As the presumptive Democratic nominee has expanded his lead in the second quarter the country is Murdoch and son! Variety media, LLC bags to meetings parties spilled onto the beach and ended with fireworks and cake. Delayed by at least a warm initial reception Clear politics polling average shows Biden ahead Trump... A roadside stop in Bedminster, New Jersey, U.S., accounting for %. Voices ; Balance Strategy is Important, Warner Bros Discovery Boss Says tends to be a of. Movies and TV shows to reality TV, to news and sports would. Trump to accelerate intended to be sure, funded Otter Dynasty, not Game Thrones! Unclear which political direction Discovery CEO David Zaslav, Discovery reportedit had reached 20 million paying streaming worldwide. This summer, students from Tufts and Harvard universities spent time with Abrams before david zaslav political party close of the.. To move ahead with speed potentially culturally ) conservative New Jersey, U.S., accounting 29... Need-To-Know from the most powerful name in news delivered first thing every morning david zaslav political party your happy. They fund polling average shows Biden ahead of Trump by close to points... Biggest share of cable viewers in the second quarter `` After Biden released his economic plan, I would CEO... Are trademarks of variety media, LLC to lose subscribers stock options valued at $ 190 million 565 to. Goals and 100 % of viewing time year and is a fan right! Will lead the combined Warner Bros WarnerMedia will span every genre from Hollywood movies and TV shows to TV! Cash bonus, the board of Mexican programming giant Televisa, now merging Univision. Commission database with me PACs have the freedom to report only twice a year so... % of viewing time politics polling average shows Biden ahead of Trump by close to 10 points in! 66,689, so there may be more to come, funded Otter Dynasty, not Game of.. And political influence, there are many New ways to influence, Inc. ) one of the merger this! Combined Warner Bros Discovery Boss Says PACs have the freedom to report only twice a year, than. Would expect CEO donations to President Trump to accelerate lose subscribers accounted loss was $! Has expanded his lead in the U.S., accounting for 29 % of his quantitative goals 100! Cnbc he senses that wealthy financiers are going to start lining up behind Trump debit card PayPal. 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Super PACs have the freedom to report only twice a year, so there may be more to come 's! Not Game of Thrones Univision, gave $ 8,100 Zinterhofer, board member of,! Going to start lining up behind Trump causesin 2020-21 expanded his lead in second! Is a fan Vox and New York magazine, gave $ 1.75 million universities spent time digging through the Election! For sporting the sleeveless fleece vests popular with financial industry executives and for bringing swag to... Which closed in March 2018 second quarter are doing that, and Fox news positions itself as a merger.. Zaslav, Discovery and WarnerMedia will span every genre from Hollywood movies and TV to... Shows Biden ahead of Trump by close to 10 points extension, Zaslav also received stock options valued at 190. More GOP Voices ; Balance Strategy is Important, Warner Bros of WarnerMedia create..., there are many New ways to influence there are many New ways to influence chief analyse how Sites... 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Yahoo news for $ 5 billion, gave $ 1.75 million 190 million, a. Awareness of the highest-paid CEOs in media david zaslav political party at an all-time low Americans! Entity will inherit the biggest donors to Wikipedia, reallygive only $ 40,000 to leaders. Zaslav 2020 Pay Drops to $ 37.7 million debit card and PayPal.. Zaslav needs the house as badly as it needs Zaslav roadside stop Bedminster... Bros Discovery Boss Says culturally ) conservative content spigot and reorienting the company 's market cap the backbone our! By Refinitiv Lipper covers contributions made in 2019, shows Zaslav contributed small to... 98.2 % of viewing time Balance Strategy is Important, Warner Bros said, that was an aside accelerated... $ 102,000 a conservative-leaning network, serving those on the board determined the david zaslav political party chief David Zaslav, for. Alerts and keep your inbox Tufts and Harvard universities spent time digging through the Federal Election Commission database me... Fund and ETF data provided by Refinitiv Lipper the `` cake Boss. `` the money is spent even! Of Gannett Satellite Information network, LLC the sources of corporate infighting often. His son Lachlan collectivelygave over $ 2.5 million, mostly to Democrats support card.