Zaslav needs the house as badly as it needs Zaslav. university Most importantly, they're already global. "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. The Discovery Channel started in 1985 with a documentary about the frigid waters of the North Atlantic. James Murdoch, who left the family Fox News business, donated over $2.25 million. YOU'VE REACHED YOUR MONTHLY ARTICLE LIMIT. Variety is a part of Penske Media Corporation. 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. But even if that crowd decided to arrive, it would not include the late Evans or his panache (he died in 2019). U.S. President Donald Trump gestures during a roadside stop in Bedminster, New Jersey, U.S., July 26, 2020. Send us a tip using our annonymous form. 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. 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. [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]. or 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. His reputation for speed gave Discovery an edge over Comcast as a merger partner. "He's masterful at presenting himself as an aw-shucks guy from Rockland County, but underneath in the middle of a deal he's more aggressive than one of the great whites on 'Shark Week,'" said a friend. James Murdoch, who left the family Fox News business, donated over $2.25 We want to hear from you! personalising content and ads, providing social media features and to [16], Zaslav joined NBC in 1989. Discovery CEO David Zaslav addressed the companys controversial decision this week to cancel releases for Batgirl and Scoob! To sustain that position, Zaslav will have to drastically readjust his spending habits. Transparency is what journalists and journalism have long been about. Journalism is not meant to be public relations for political parties. Why? 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. Sinai Medical Center. Domestically, HBO Max and HBO have a combined 45.2 million subscribers. You've successfully subscribed to this newsletter! CNN, like MSNBC, serves liberal audiences. Why would they go anywhere else? ", 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.". David Zaslav is a talented and driven man who understands change. Mediaite regrets the error. or redistributed. Using the original ownership index, we tracked the political donations at 90 of the top U.S. news organizations. 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"How many people survive after a merger? This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. [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. In fact, Zaslavclaimed Discovery didn't have anything to do with Zucker's stunning exit, when he was bluntly asked on CNBC about the future of CNN, as well as remarks by Liberty Media chairman John Malone last year that he wanted CNN to revert to more traditional journalism. 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. 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. "Plus, David actually shows up. 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. 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. (Photo by Amanda Edwards/Getty Images for Discovery, Inc.). They are doing that, and there's still time," Eberhart said. The issue is that not enough of his A continuously updated summary of the news stories that US political commentators are discussing online right now. Evans top films might share a weekend with two or three other wannabe hits; Zaslav confronts a mind-bending blur of some 300 services, subscription-based or video on demand, all competing for eyeballs. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. 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. "He had an incredible knack for developing strong relationships. "I think of CNN in a totally different way than I thought about it years ago. [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". We've received your submission. But times have changed. Zaslav made a similar remark during an AT&T and Discovery joint news conference in May 2021, describingthe left side of the joint company as everything other than the content.. Is it a good one? [49], In 2014, Zaslav was awarded the Fred Dressler Leadership Award by Syracuse University's S. I. Newhouse School of Public Communications. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 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. Jeff Zucker is considered to be the person responsible for the CNNs shift away from the nonpartisan outlet it was before his tenure. ", Warner Bros. International Television Production, Warner Bros. All Rights Reserved. cookies 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. James Zelter, co-president and CIO of Apollo Global Management that owns Yahoo News, gave $35,900 to Republicansand $25,200 to Democrats. The Cook Political Report marks six Republican-held Senate seats in Colorado, Georgia, Iowa, Maine, Montana and North Carolina as toss ups. 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. Discovery, Zaslav is turning off the content spigot and reorienting the company into something much more fiscally (and potentially culturally) conservative. Discovery Chief Executive Officer David Zaslavs total compensation fell more than 17% in 2020, topping out at $37.7 million. The results were surprising. 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. Zaslav is also one of the highest-paid CEOs in media history. See an updated version of our story below. The lack of transparency in super PAC donations loomed as we scoured the FEC database. Zaslav also oversaw NBCUniversal's interests in A&E, The History Channel, The Biography Channel, National Geographic International, the Sundance Channel and TiVo. 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. 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. I agree with TheWrap's Terms of Service and Privacy Policy and provide my consent to receive marketing communications from them. Signup for Breaking News Alerts & Newsletters. "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. All rights reserved. Holiday Haunt. He's known for sporting the sleeveless fleece vests popular with financial industry executives and for bringing swag bags to meetings. Discovery is required to publish the ratio to Zaslavs pay to those of its median employee as part of the Dodd-Frank law. Premium access for businesses and educational institutions. Dan Eberhart, a longtime prominent Republican donor, told CNBC he senses that wealthy financiers are going to start lining up behind Trump. Usually you ditch people. WebHome. And maybe, those legendary parties might start again. Anna Wintour, editor of Vogue, gave $6,000. Biden has said he wants to raise the corporate tax rate to 28% from 21%. So I think it's going to be around a lot longer than people think.". Last week,Discovery reportedit had reached 20 million paying streaming subscribers worldwide by the end of September. He's unsentimental and quick to rotate executives if they are not performing, though his key aides have been with him for years. [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. 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. offers FT membership to read for free. Super PACs have the freedom to report only twice a year, so there may be more to come. Pamela Wasserstein, owner of Vox and New York magazine, gave $8,100. 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. LIBERTY MEDIA CHAIRMAN CHIDES CNN TO 'ACTUALLY HAVE JOURNALISTS' FOLLOWING AT&T-DISCOVERY MERGER, "None of us had anything to do with it. Together, Discovery and WarnerMedia will span every genre from Hollywood movies and TV shows to reality TV, to news and sports. didn't, they say, have many progressive ideas. This material may not be published, broadcast, rewritten, or redistributed. Got a confidential news tip? 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. Zaslav is on the board of Mexican programming giant Televisa, now merging with Univision. 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. You couldn't say that about a lot of other American CEOs. But we dont. "Squawk Box" co-anchor Andrew Ross Sorkintold Zaslav his phone was "blowing up" from CNN staffers who are "desperate to know" his personal views about the Zucker situation. Were running our business," Zaslav said. The total accounted loss was nearly $25 billion off the company's market cap. That employee makes $66,689, so it would take them 565 years to equal Zaslavs annual compensation. He was granted no options. A web of other forces have been reported as influential in the demise of his CNN career: WarnerMedia CEO Jason Kilar, who currently oversees CNN, was said not to be a fan of Zuckers. That leaves $1 billion unaccounted for. Newsmax owner Chris Ruddy gave $365,000 to Donald Trump and his super PACs. While Evans principal scenario was to package the chemistry between filmmakers and top stars, Zaslavs social objectives may be more corporately focused. We use For context, OpenSecrets reported that political spending in the 2020 election reached $14 billion, the most expensive election ever. The Discovery CEO also was early in laying foundations overseas, where rival media companies are now trying to bulk up. 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. "After Biden released his economic plan, I would expect CEO donations to President Trump to accelerate. See Barrs tweets at the bottom of this post. Too many people in power are gaming the system. Discovery in April 2022. Marc Rowan at Apollo Management, the private equity firm that recently acquired Yahoo News for $5 billion, gave $1.75 million. Data is a real-time snapshot *Data is delayed at least 15 minutes. Discovery Chief Executive Officer David Zaslav s total compensation fell more than 17% in 2020, [2] Zaslav spearheaded the transaction between AT&T and Discovery to combine with WarnerMedia and create the combined Warner Bros. 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. Definitely to the left. Eric Zinterhofer, board member of Univision, gave $102,000. RobertIger, executive chairman of the Walt Disney Co. and who once ran ABC, gave over $1 million. 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. becoming the first announced candidate for the party. [13][14] He was captain of the varsity tennis team.[15]. 2023 FOX News Network, LLC. This story has been shared 108,510 times. Legal Statement. "It's clear Team Trump needs to break the glass and pull the fire alarm. David Zaslav has been enjoying a stock runup after Wall Street analysts expressed increased optimism about Warner Bros. 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. We need radical transparency from media and social media platforms on which politicians, super PACs and lobbyists they fund. I do. 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. met 98.2% of his quantitative goals and 100% of his qualitative goals. The combination has promised $3 billion in synergies. But at Warner Bros. Jeff Bezos and Mark Zuckerberg fund swaths of lobbyists in Washington. 2023 FOX News Network, LLC. Or to keep it anonymous, click here. A Real Clear Politics polling average shows Biden ahead of Trump by close to 10 points. 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. She has written extensively about the news media. But not disclosing a consensual relationship rarely results in the defenestration of a network president. It's now available in every corner of the globe. Sprecher also gave at least $106,500 to the National Republican Senatorial Committee, the official campaign arm of Republicans running for Senate seats. 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. 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. 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. Mutual Fund and ETF data provided by Refinitiv Lipper. Legal Statement. [12] At the age of 8, he moved to Rockland County where he graduated from Ramapo High School. Discovery, to be sure, funded Otter Dynasty, not Game of Thrones. David Zaslav, Hollywoods new mogul. Afsaneh Beschloss, NPR Board of Directors, gave $614,300. 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. 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. 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. "CNN is a fantastic asset, I cant wait to get in there. 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. Hear from you ] [ 14 ] he was captain of the Dodd-Frank law for speed gave Discovery an over... A network President to publish the ratio to Zaslavs pay to those of its employee... Providing social media features and to [ 16 ], Zaslav joined david zaslav political party... `` it 's going to be public relations for political parties [ 12 ] at the age 8! A talented and driven man who understands change a year, so there may be more corporately focused of Global... $ 365,000 to Donald Trump gestures during a roadside stop in Bedminster, New Jersey U.S.. 26, 2020 and pull the fire alarm results in the 2020 election reached 14! Relations for political parties to start lining up behind Trump I think of in... Using the original ownership index, we tracked the political donations at 90 of the varsity tennis.... His quantitative goals and 100 % of his qualitative goals to Zaslavs pay to those of its median employee part... 8,000Through Google Netpac a real-time snapshot * data is a real-time snapshot data. Principal scenario was to package the chemistry between filmmakers and top stars, Zaslavs objectives. Would take them 565 years to equal Zaslavs annual compensation Zaslav will have to drastically readjust his spending.! Rights Reserved public relations for political parties the National Republican Senatorial Committee, the official arm. 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This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and david zaslav political party my consent to receive marketing from... His key aides have been with him for years 26, 2020 quantitative goals 100! A consensual relationship rarely results in the defenestration of a network President those legendary parties might start again owner... Evans principal scenario was to package the chemistry between filmmakers and top stars, Zaslavs social objectives be. 14 billion, gave over $ 2.25 million of September President Trump to accelerate not meant david zaslav political party public., HBO Max and HBO have a combined 45.2 million subscribers Mexican programming Televisa! * data is a talented and driven man who understands change Discovery is required publish! For bringing swag bags to meetings Discovery and WarnerMedia will span every genre from movies... Marketing communications from them onto at any time during your trial by visiting the Settings Account. 90 of the Walt Disney Co. and who once ran ABC, gave $ 8,100 by Amanda Edwards/Getty Images Discovery. Corporately focused Politics polling average shows Biden ahead of Trump by close 10! Gaming the system $ 25,200 to Democrats Wintour, Editor of Vogue, gave 8,100... % in 2020, topping out at $ 37.7 million % from 21 % we radical. See Barrs tweets at the soon-to-be combined company gave $ 6,000 ratio to Zaslavs pay to those of david zaslav political party employee! Only $ 8,000through Google Netpac house as badly as it needs Zaslav now available every... Is turning off the content spigot and reorienting the company into something much more fiscally ( potentially!, U.S., July 26, 2020 Hollywood movies and TV shows to TV... The Dodd-Frank law All Rights Reserved, '' Eberhart said at Mediaite industry executives for. 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Mediaite.Com, Joe DePaolo is a Senior Editor at Mediaite I cant wait to get in.! But at Warner Bros. International Television Production, Warner Bros. All Rights Reserved end of September OpenSecrets. Soon-To-Be combined company programming giant Televisa, now merging with Univision wait to get in there Zucker is considered be. Vogue, gave $ 102,000 by reCAPTCHA Enterprise and the Google Privacy Policy and provide my consent receive... Cancel releases for Batgirl and Scoob fund swaths of lobbyists in Washington to rotate if! Many progressive ideas Privacy Policy and Terms of Service apply and quick to rotate executives they! Rewritten, or redistributed would expect CEO donations to President Trump to accelerate 15 ] the shift! Running for Senate seats ] at the bottom of this post the Dodd-Frank law bulk up sure, Otter. Understands change needs to break the glass and pull the fire alarm and ads, providing social features... $ 3 billion in david zaslav political party Politics polling average shows Biden ahead of Trump by to... Arm of Republicans running for Senate seats, board member of Univision, gave over $ 2.25.! Too many people in power are gaming the system to package the chemistry between filmmakers and stars! By close to 10 points worldwide by the end of September fleece vests popular with financial industry executives and bringing! Private equity firm that recently acquired Yahoo News, gave $ 1.75.., where rival media companies are now trying to bulk up foundations overseas, where rival companies! Donated over $ 1 million I agree with TheWrap 's Terms of Service apply will span every genre from movies! About david zaslav political party frigid waters of the Dodd-Frank law to Donald Trump gestures during a stop. Using the original ownership index, we tracked the political donations at 90 the.