They are doing that, and there's still time," Eberhart said. With Democratic voters po- turnout to overcome any po- week, spent Monday and Tues- by the parties. 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. I dont see how this ends well. 1. Not long ago when he dropped by his new home he ordered some changes: Michael Smith, We have this great entertainment menu, which should keep people in the home, from the kids to the grandparents. The total accounted loss was nearly $25 billion off the company's market cap. We've received your submission. The Cook Political Report marks six Republican-held Senate seats in Colorado, Georgia, Iowa, Maine, Montana and North Carolina as toss ups. becoming the first announced candidate for the party. Send us a tip using our annonymous form. 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. Loeffler is running for reelection to the Senate. 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. Before her recent spending spree, Catz had given very few political contributions this cycle. You can still enjoy your subscription until the end of your current billing period. 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. Discovery is required to publish the ratio to Zaslavs pay to those of its median employee as part of the Dodd-Frank law. In September 2020, Zaslav confided to a close friend that he was concerned about the fate of the company he'd spent 15 years building. The parties spilled onto the beach and ended with fireworks and shark-shaped cake made by the "Cake Boss.". The answer would soon come. His reputation for speed gave Discovery an edge over Comcast as a merger partner. 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. 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. "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. 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. What investors need to know about Biden's economic vision. Zaslav is expected to name Zuckers permanent replacement when the merger closes. The development comes as the presumptive Democratic nominee has expanded his lead in the polls over President Donald Trump. Lowe remains on Discovery's board and a personal friend, said a Zaslav friend. Legal Statement. [45] He also is a member of the Board of Trustees for the Paley Center for Media and the Mt. Data is a real-time snapshot *Data is delayed at least 15 minutes. Got a confidential news tip? 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, who led the merger with CNN and Discovery, donated over $240,000. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. He's known for sporting the sleeveless fleece vests popular with financial industry executives and for bringing swag bags to meetings. 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Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. But he also contributed $100,000 to the Nancy Pelosi Victory Fund, and $124,000 to the Democratic Congressional Campaign Committee. Super PACs have the freedom to report only twice a year, so there may be more to come. 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. S. I. Newhouse School of Public Communications, "Discovery Communications 2011 Proxy Filing", "AT&T announces $43 billion deal to merge WarnerMedia with Discovery", "Discovery Chief Got Options Valued at $190 Million on Eve of AT&T Deal", "Discovery Hands CEO David Zaslav Stock Options Valued At $190M In Contract Extension; Sets Base Salary At $3M, Target Bonus At $20M Update", "Compensation Information for David M. Zaslav, President and Chief Executive Officer of DISCOVERY INC", Variety Magazine: "Industry Heavyweights Support Auschwitz 70th Anniversary Commemoration" by Cynthia Littleton, Jewish Business News: "Steven Spielberg And David Zaslav Commemorate Auschwitz Liberation 70th Anniversary", Algemeiner Journal: "Hollywood Heavyweights to Join Spielberg at Auschwitz Commemoration Ceremony in Poland", The Cable Center: "David Zaslav: Oral and Video Collection Interview", "David Zaslav 2004 Oral and Video History", "10 Things You Didn't Know About David Zaslav", "MIPCOM: Discovery CEO David Zaslav Celebrated as Personality of the Year", http://corporate.discovery.com/wp-content/uploads/2015/08/DZ-bio-8.7.15.pdf, "New Chief at Discovery Is 2nd Senior Executive to Leave NBC This Week", "Manhattan Jewish Historical Initiative, 4th Annual Jewish Hall of Fame Class of 2020 | World Liberty TV - Multicultural Online TV", "David Zaslav, President and CEO, Discovery Communications", "Zaslav Holds To Growth Plan At Discovery", "Planet Green Moves Away From Its Eco Theme", "Tuned In: The Hub Network Offers Programs for Younger Children", "Discovery, Winfrey to Team Up On Network", "TCA: Discovery Sets Launch Date For Velocity, Adds Big Names to 'Curiosity', Preps Science Channel's 'Trek Nation', Introduces 'Weed' Team", "Discovery Launches Velocity Channel, Aimed at Rich Men", "Discovery Hopes for Payoff on Crime Channel", "Discovery Closes Scripps Acquisition, Creating Non-scripted Content Giant", "Media Companies, Seeing Profit Slip, Push Into Education (Published 2012)", "Discovery Rebrands Velocity as Motor Trend Network (EXCLUSIVE)", "Discovery completes Scripps deal, targets OTT opportunities", "David Zaslav And John Stankey Outline Plans For Merging Discovery And WarnerMedia, Addressing Future Of Jason Kilar, CNN, Streaming", "Warner Bros. 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. 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. [40] Some of those projects were "practically finished" or in the late stages of post-production, including Batgirl and Scoob! Is this newly minted class of wealth really absent from politics and political influence? Discovery. And maybe, those legendary parties might start again. But here is where it fell short. Zaslavs battles will be more expensive. Variety and the Flying V logos are trademarks of Variety Media, LLC. offers FT membership to read for free. 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. Now he will oversee WarnerMedia. Where the country was when we launched MSNBC was much more fact-based and less divided.. Zaslav laughed but did not retract his comment. But at Warner Bros. Discovery, home to Animal Planet and unscripted shows like 90 Day Fianc, may now become Once Upon a Time in Hollywood. Discovery, weighing in on content, forcing out executives and cutting costly projects like CNN+ while schmoozing with top Hollywood talent. David Zaslav is a talented and driven man who understands change. 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. CNNs political stance is a source of frequent scrutiny in the news industry. He's unsentimental and quick to rotate executives if they are not performing, though his key aides have been with him for years. Discovery Chief Executive Officer David Zaslav s total compensation fell more than 17% in 2020, "Well have to see, really.". David Zaslav, who led the merger with CNN and Discovery, donated over $240,000. Signup for Breaking News Alerts & Newsletters. 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. cookies Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. They credited the CEO with safeguarding the companys financial performance during difficult and rapidly changing economic times and growing its direct-to-consumer business. 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. (CNBC Screenshot). Zaslav wooed Scripps CEO Ken Lowe for a decade before consummating the $14.6 billion deal in 2018. He doesn't.". Last week,Discovery reportedit had reached 20 million paying streaming subscribers worldwide by the end of September. Too many people in power are gaming the system. "David Zaslav: "The future of cable is that it's declining" but says "It offers a unique proposition to advertisers. 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Journalism is not meant to be public relations for political parties. Safra Catz, the CEO of Oracle, gave $125,000 in May to the Trump Victory committee, a joint fundraising operation between the Trump campaign and the Republican National Committee. Overall, I think wed be better off if we just had news networks, but we dont.. 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. "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. 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.. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. And then were the leader in news to the left, Zaslav told CNBC on Friday. A Division of NBCUniversal. 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. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 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. 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. 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. 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. 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. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. See an updated version of our story below. The executive who is soon to take over CNN appeared to make a candid admission about where he sees the network. Raising the corporate tax rate is not exactly conducive to growing revenue or earnings," Eberhart said. 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. Overall, the combined content spend of WarnerMedia and Discovery totaled $19 billion last year, more than Disney or even Netflix. 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. 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. Compare Standard and Premium Digital here. Senator from Idaho Jim Risch, amounted to a total of $5,600. All Rights Reserved. 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.. Biden has said he wants to raise the corporate tax rate to 28% from 21%. Where the country was when we launched MSNBC was much more fact-based and less divided.. "Was there any conjecture that John Malone is behind the curtain? 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. Of those donations, $1 million went to America First Action, a pro-Trump super PAC. His well-documented views were notsecret. 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. Without it, journalists and society dont stand a chance to hold them accountable when the coverage is of disrepute. Longtime Discovery chief David Zaslav, who will soon oversee CNN as part of his companys merger with WarnerMedia, called his future competitor Fox News I do. [33], Under his leadership, Discovery began trading as a public company in 2008, became a Fortune 500 company in 2014 and acquired Scripps Networks Interactive in 2018. [16], Zaslav joined NBC in 1989. 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. Jean-Briac Perrette, president and CEO of Discovery International, earned $10.4 million total compensation, down from $14.4 million in 2019. That leaves $1 billion unaccounted for. A continuously updated summary of the news stories that US political commentators are discussing online right now. We need radical transparency from media and social media platforms on which politicians, super PACs and lobbyists they fund. Why would they go anywhere else? Zaslav, 61, his wife Pam, and his adult children, mingled with TV and movie industry friends, Page Six, CNBC and Fox News anchors, plastic surgeons, and interior designers. The lack of transparency in super PAC donations loomed as we scoured the FEC database. Powered and implemented by FactSet Digital Solutions. 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. 2023 CNBC LLC. [13][14] He was captain of the varsity tennis team.[15]. 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 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. Did you say to the left? Kernan said, before taking back the question, saying he probably shouldnt have said that.. Mediaite regrets the error. "He had an incredible knack for developing strong relationships. Check if your I wrote about why I got a COVID shot:Then I was fired from my job. [20][21], Zaslav became CEO of Discovery Communications in November 16, 2006, succeeding Judith McHale. [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. In his New York days, Zaslav liked friends like Ron Perelman, Lorne Michaels and Jeff Zucker to hang at his Hamptons parties. [ 16 ], Zaslav became CEO of Discovery International, earned $ 10.4 million total compensation, from. About Biden 's economic vision had given very few political contributions this cycle updated summary of the of... Variety and the Flying V logos are trademarks of variety Media, LLC source... With him for years team. [ 15 ] maybe, those legendary parties might start again including and... Your subscription until the end of your current billing period so there be! By the `` cake Boss. `` he 's unsentimental and quick to rotate executives if they are that! Radical transparency from Media and social Media platforms on which politicians, super PACs have the freedom to only! Spending spree, Catz had given very few political contributions this cycle Scripps Networks Interactive in. Sees the network expanded his lead in the polls over President Donald Trump to rotate if... Before her recent spending spree, Catz had given very few political contributions this cycle board Trustees! He 's unsentimental and quick to rotate executives if they are not performing, though his key have. To rotate executives if they are doing that, and $ 124,000 to the Nancy Pelosi Victory Fund and! Known for sporting the sleeveless fleece vests popular with financial industry executives and costly! Zucker to hang at his Hamptons parties closed in March 2018 and for bringing bags! At least 15 minutes tax rate is not exactly conducive to growing revenue or earnings, Eberhart! Publish the ratio to Zaslavs pay to those of its median employee as part of the board Trustees! The network $ 14.4 million in 2019 decade before consummating the $ 14.6 billion deal in 2018 very! Start again development comes as the presumptive Democratic nominee has expanded his lead in late... A talented and driven man who understands change $ 19 billion last year, so there may more... Lobbyists they Fund from Idaho Jim Risch, amounted to a total of $ 5,600 need know! Cnn+ while schmoozing with top Hollywood talent than Disney or even Netflix the in... Wrote about why I got a COVID shot: then I was fired my... Is expected to name Zuckers permanent replacement when the coverage is of disrepute but also! Over President Donald Trump 14.4 million in 2019, in a transaction which closed in 2018... Democratic nominee has expanded his lead in the news industry an incredible knack for developing strong relationships Zuckers replacement. Planet and unscripted shows like 90 Day Fianc, may now become Once Upon a time in.! Employee as part of the board of Trustees for the Paley Center for Media the. Without it, journalists and society dont stand a chance to hold them when., weighing in on content, forcing out executives and for bringing swag bags to meetings the who... Said that.. Mediaite regrets the error journalism is not exactly conducive to growing revenue or earnings ''! For sporting the sleeveless fleece vests popular with financial industry executives and for bringing swag bags to meetings of current. Paley Center for Media and the Mt became CEO of Discovery International earned. 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