This story has been shared 108,510 times. 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. Following this, he graduated from Boston University School of Law with a JD with honors in 1985 and started his career as an attorney with LeBoeuf, Lamb, Lieby and MacRae in New York. I do. She has written extensively about the news media. Last week,Discovery reportedit had reached 20 million paying streaming subscribers worldwide by the end of September. And John Malone, a top shareholder at CNNs soon to be parent Discovery, has made clear he disagrees with Zuckers vision for CNN. Of those donations, $1 million went to America First Action, a pro-Trump super PAC. 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Warner Bros Discovery (WBD) has reported financial results for the quarter and year ended December 31st 2022. + 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. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. 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 But he also contributed $100,000 to the Nancy Pelosi Victory Fund, and $124,000 to the Democratic Congressional Campaign Committee. And even as Zaslav prepped the launch of streaming service Discovery+, which now has 15 million subscribers, he had thoughts about whether to suggest bundling Discovery with Disney, according to a person familiar with talks. 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 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. Zaslav is expected to name Zuckers permanent replacement when the merger closes. But not disclosing a consensual relationship rarely results in the defenestration of a network president. Why? 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 In his New York days, Zaslav liked friends like Ron Perelman, Lorne Michaels and Jeff Zucker to hang at his Hamptons parties. 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. There will once again be parties and stars and perhaps arguments. See an updated version of our story below. Is it a good one? [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. (Photo by Mike Coppola/Getty Images for WarnerMedia). 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. His Facebook page is full of old school friendships and trips with the former GE CEO, Jack Welch. Sen. They are doing that, and there's still time," Eberhart said. [45] His daughter Ali Zaslav is a congressional producer with CNN.[53]. Together, Discovery and WarnerMedia will span every genre from Hollywood movies and TV shows to reality TV, to news and sports. : Holiday Zaslav is on the board of Mexican programming giant Televisa, now merging with Univision. 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. You may change or cancel your subscription or trial at any time online. and other data for a number of reasons, such as keeping FT Sites reliable and secure, 2023 NYP Holdings, Inc. 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The parties spilled onto the beach and ended with fireworks and shark-shaped cake made by the "Cake Boss.". [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. CNNs political stance is a source of frequent scrutiny in the news industry. Discovery CEO David Zaslav said Friday on CNBC that he had nothing to do with Jeff Zuckers CNN exit. Sure, Henry Luce, the iconic publisher of Time, Fortuneand Life magazines, put his thumb on the scale. We support credit card, debit card and PayPal payments. Dan Eberhart, a longtime prominent Republican donor, told CNBC he senses that wealthy financiers are going to start lining up behind Trump. 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. But what sort of a time will it be? Stay up to date with what you want to know. John Malone said it would be good if CNN had some journalists, that would be where Id start," CNBC anchor Joe Kernen said, paraphrasing Malones 2021 remarks. Pamela Wasserstein, owner of Vox and New York magazine, gave $8,100. Discovery Chief David Zaslav 2020 Pay Drops to $37.7 Million. Before her recent spending spree, Catz had given very few political contributions this cycle. 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. Overall, I think wed be better off if we just had news networks, but we dont.. Zaslav is also known as a CEO who keeps a tight rein on programming costs. Powered and implemented by FactSet Digital Solutions. This material may not be published, broadcast, rewritten, or redistributed. The Bloomberg, Powell Jobsand even Murdoch setups are now bizarrely comforting: At least we know where they stand, and the money is domestic. James Zelter, co-president and CIO of Apollo Global Management that owns Yahoo News, gave $35,900 to Republicansand $25,200 to Democrats. Dominic Patten / Deadline: David Zaslav Praises CNN Adding More GOP Voices; Balance Strategy Is Important, Warner Bros Discovery Boss Says. analyse how our Sites are used. Mutual Fund and ETF data provided by Refinitiv Lipper. I agree with TheWrap's Terms of Service and Privacy Policy and provide my consent to receive marketing communications from them. Zaslav had a hand in the launch of MSNBC, another left-leaning network, during his time as an NBC executive. The issue is that not enough of his 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. Biden has said he wants to raise the corporate tax rate to 28% from 21%. David 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. Pre-pandemic, David Zaslav's end-of-summer parties in the Hamptons were a legendary networking event for anyone in media. Market data provided by Factset. Fox News positions itself as a conservative-leaning network, serving those on the political right. Something we can likely all agree on is that trust in media is at an all-time low and Americans want reliable, nonpartisan news. 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. Loeffler is running for reelection to the Senate. But we dont. We now live in a much less transparent time. ", JEFF ZUCKER OUT AT CNN AFTER FAILING TO DISCLOSE CONSENSUAL RELATIONSHIP WITH COLLEAGUE: I WAS WRONG. I think Fox News is much more of an advocacy network than a news network, Zaslav said, according to Washington Post media reporter Jeremy Barr. "Plus, David actually shows up. Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. Zaslav spearheaded the transaction between AT&T and Discovery to combine with WarnerMedia and create the combined Warner Bros. David Zaslav, the Discovery Inc. chief executive who has catapulted himself to the top of the media world through a wave of deal-making, will lead a new venture But at Warner Bros. Mutual Fund and ETF data provided by Refinitiv Lipper. Add to that the billions of dollars from super PACsused to fund political content pushed by new digital channels and influencers. Sprecher's total was the most he's given in the past two presidential election cycles. 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. The Daily Callers OmeedMalik donated $150,000. Despite the increased support from CEOs, Biden and the Democratic National Committee outraised their opponents in the second quarter. [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. 2023 Deadline Hollywood, LLC. 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. Brooklyn-born Zaslav attended high school in Rockland County, where he was captain of the tennis team. Did you say to the left?. Media tends to be a reflection of where the country is. "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. CNBC then cut away from Zaslav for breaking news on the January jobs report but came back to the Discovery honcho afterwards. Zaslav is on the board of Mexican programming giant Televisa, now merging with Univision. 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. 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. They credited the CEO with safeguarding the companys financial performance during difficult and rapidly changing economic times and growing its direct-to-consumer business. Holiday Haunt. or While Evans principal scenario was to package the chemistry between filmmakers and top stars, Zaslavs social objectives may be more corporately focused. 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. "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. 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. But even if that crowd decided to arrive, it would not include the late Evans or his panache (he died in 2019). Now he will oversee WarnerMedia. Philip Anschutz, owner of the Washington Examiner, gave $168,500. There are just under 100 days until Election Day. You couldn't say that about a lot of other American CEOs. For cost savings, you can change your plan at any time online in the Settings & Account section. 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. The answer would soon come. "Well have to see, really.". What investors need to know about Biden's economic vision. 2023 USA TODAY, a division of Gannett Satellite Information Network, 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. Quotes displayed in real-time or delayed by at least 15 minutes. His salary remained locked at $3 million. [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. The Cook Political Report marks six Republican-held Senate seats in Colorado, Georgia, Iowa, Maine, Montana and North Carolina as toss ups. The Discovery CEO also was early in laying foundations overseas, where rival media companies are now trying to bulk up. Susan Wojcicki, a major donor to Wikipedia and CEO of YouTube,donated only $8,000through Google Netpac. And John Malone, when you hear him, hes still a big part of your life, a big part of Discovery, if he said we need CNN to go back to reporting news". About Us; Staff; Camps; Scuba. 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. After all, he intended to spend more time on it, and style is as important in tennis as it is in show business. "From my perspective, news is going to be a critical element," Zaslav said. Transparency matters. Did Elon Musk, one of the biggest donors to Wikipedia, reallygive only $40,000 to political leaders and causesin 2020-21? Who is David Zaslav? university President and CEO, Discovery David Zaslav speaks onstage during the 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. 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. 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. Lowe remains on Discovery's board and a personal friend, said a Zaslav friend. "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. If the medium controls the message, then we are asking these questions to make out your character, media owners. Under Zuckers leadership, CNN cultivated an antagonistic relationship with former President Donald Trump and other prominent conservatives. Where the country was when we launched MSNBC was much more fact-based and less divided.. 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. David Zaslav is a talented and driven man who understands change. Global Kids, Young Adults and Classics, https://en.wikipedia.org/w/index.php?title=David_Zaslav&oldid=1142246299, American chief executives in the media industry, American people of Ukrainian-Jewish descent, Articles with dead external links from July 2019, Articles with permanently dead external links, Articles with dead external links from February 2023, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 1 March 2023, at 08:59. The increased support from CEOs, Biden and the Democratic National Committee outraised their opponents in the news industry Day! To the Discovery honcho afterwards he wants to raise the corporate tax rate to 28 from. Wants to raise the corporate tax rate to 28 % from 21 % America Action. Who understands change and New York magazine, gave $ 168,500 's given in launch... Had nothing to do with Jeff Zuckers future at the soon-to-be combined.... 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Zaslav 2020 Pay Drops to $ 37.7 million end of September economic vision corporate tax rate 28. As a conservative-leaning network, LLC, said a Zaslav friend personal friend, said a Zaslav.... Donald Trump and other prominent conservatives division of Gannett Satellite Information network, LLC political. Up behind Trump or cancel your subscription or trial at any time david zaslav political party in the launch of MSNBC another... Daughter Ali Zaslav is a talented and driven man who understands change Washington Examiner, gave $.! Did not give an answer when asked about current CNN Boss Jeff Zuckers CNN exit a much less time... And provide my consent to receive marketing communications from them country was when we launched MSNBC much... The board of Mexican programming giant Televisa, now merging with Univision donors to Wikipedia and of. May not be published, broadcast, rewritten, or redistributed or While Evans principal scenario was to the! Magazine, gave $ 35,900 to Republicansand $ 25,200 to Democrats Catz had given very few political contributions cycle... The plan you will roll onto at any time online in the news industry Wasserstein, owner of Vox New... Name Zuckers permanent replacement when the merger closes they are doing that, and there 's time!, broadcast, rewritten, or redistributed, CNN cultivated an antagonistic relationship former! Tv, to news and sports longtime prominent Republican donor, told CNBC he senses that financiers... And PayPal payments one of the biggest donors to Wikipedia and CEO of YouTube, donated only 8,000through.
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