But Zaslav is likely to get at least a warm initial reception. Zaslav had a hand in the launch of MSNBC, another left-leaning network, during his time as an NBC executive. 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. 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. Warner Bros. Why would they go anywhere else? Lowe remains on Discovery's board and a personal friend, said a Zaslav friend. [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. The new entity will inherit the biggest share of cable viewers in the U.S., accounting for 29% of viewing time. or 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. We support credit card, debit card and PayPal payments. Most importantly, they're already global. Media tends to be a reflection of where the country is. His well-documented views were notsecret. analyse how our Sites are used. That was down from the $45.8 million that Zaslav pulled in the pr ", 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.". The combination has promised $3 billion in synergies. Discovery Chief Executive Officer David Zaslav s total compensation fell more than 17% in 2020, Variety is a part of Penske Media Corporation. For now, a trio of CNN executives will assume Zuckers responsibilities at the network. 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. Zaslav's executive compensation package includes an annual salary of $3 million with an annual $22 million bonus. 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. The Bloomberg, Powell Jobsand even Murdoch setups are now bizarrely comforting: At least we know where they stand, and the money is domestic. Susan Wojcicki, a major donor to Wikipedia and CEO of YouTube,donated only $8,000through Google Netpac. David "Who do they want managing the economy: Trump (Mnuchin, Powell, Kudlow) or Biden (Bernie, Warren and AOC)?," Bailey said. Brian Flood is a media reporter for Fox News Digital. Story tips can be sent tobrian.flood@fox.comand on Twitter: @briansflood. [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. This summer, students from Tufts and Harvard universities spent time digging through the Federal Election Commission database with me. He noted that the recent run of corporate executives giving to Republicans is a sign that the campaign is fervently calling these donors. Definitely to the left, Kernen said. Edward Atsinger, a leading evangelical and co-founder of conservative Townhall Media,gave about $30,000. Where do they give money for political gain around regulation and governance? Discovery Chief Executive Officer David Zaslavs total compensation fell more than 17% in 2020, topping out at $37.7 million. For a full comparison of Standard and Premium Digital, click here. Dan Eberhart, a longtime prominent Republican donor, told CNBC he senses that wealthy financiers are going to start lining up behind Trump. 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. Overall, the combined content spend of WarnerMedia and Discovery totaled $19 billion last year, more than Disney or even Netflix. And John Malone, a top shareholder at CNNs soon to be parent Discovery, has made clear he disagrees with Zuckers vision for CNN. Sheryl Sandberg, COO of Facebook, gave $500,000 mostly to Democrats. Biden has said he wants to raise the corporate tax rate to 28% from 21%. David Zaslav, Hollywoods new mogul. 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. Craig Newmark has donated close to $100 million to journalism schools, content moderation research, new digital media outletsand journalists, as have Reid Hoffman, co-founder of LinkedIn, and big foundations like the Knight Foundation, Heritage Foundation, Open Markets Instituteand Pierre Omidyars Democracy Fund. Philip Anschutz, owner of the Washington Examiner, gave $168,500. Zucker, who joined CNN in 2013 and led the network through the rise of Donald Trump to the presidency, abruptly resigned this week over a secret relationship he had with a colleague, CNN chief marketing officer Allison Gollust, which he did not disclose to the company as required. 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. All Rights Reserved. Zaslavs comment drew a surprised response from CNBC host Joe Kernan, who wondered aloud if it was a reference to CNNs ideological bent. See Barrs tweets at the bottom of this post. 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. 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. See an updated version of our story below. Then, sheepishly taking back his question, Kernen said, that was an aside. cookies Zucker abruptly resigned this week after admitting he failed to properly disclose his relationship with another senior executive, CNN chief marketing officer Allison Gollust. All that represents both serious business and serious persuasion disciplines that place the Regency house in Beverly Hills in a vastly different role. Malone, who sits on the Discovery Communications Inc., board of directors, said in November he wanted to see CNNrevert to nonpartisan journalism following thecompletion of a mergerthat would put it under the Discovery umbrella. 2023 CNBC LLC. 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. 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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. "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. In his contract extension, Zaslav also received stock options valued at $190 million. 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. Mutual Fund and ETF data provided by Refinitiv Lipper. 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. "Well have to see, really.". Only 60 people in media leadership had donated more than$2,000 to a political candidate since 2019. For cost savings, you can change your plan at any time online in 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 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. And now, the former lawyer for Discovery founder John Hendricks is the new king of media, set to oversee $20 billion in content spend, topping Netflix's $17 billion. Pre-pandemic, David Zaslav's end-of-summer parties in the Hamptons were a legendary networking event for anyone in media. "Plus, David actually shows up. They are doing that, and there's still time," Eberhart said. 2023 FOX News Network, LLC. 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. The tennis court, he decided, needed to be moved three feet, and changed to a clay surface. [13][14] He was captain of the varsity tennis team.[15]. I probably shouldnt have said that.. So I think it's going to be around a lot longer than people think.". If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. David Zaslav is a talented and driven man who understands change. He was granted no options. 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. Zaslavs battles will be more expensive. David Michael Zaslav (born January 15, 1960)[1] is an American media executive who currently serves as the Chief Executive Officer and President of Warner Bros. 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. Is this newly minted class of wealth really absent from politics and political influence? Deadline is a part of Penske Media Corporation. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Barry Diller, owner of The Daily Beast and Investopedia, gave $120,000. Sign up for notifications from Insider! Zaslav wooed Scripps CEO Ken Lowe for a decade before consummating the $14.6 billion deal in 2018. Zaslav earned a BS degree from Binghamton University. 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. 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. The most significant donation record of any media owner was Michael Bloomberg, who donated $140 million during his run for president. Per Barr, Zaslav said he is waiting for the deal to close before discussing or simply divulging those types of plans. Zaslav, known for delivering fast yes or nos to business partners, would be able to move ahead with speed. To sustain that position, Zaslav will have to drastically readjust his spending habits. The issue is that not enough of his didn't, they say, have many progressive ideas. Discovery in April 2022. A continuously updated summary of the news stories that US political commentators are discussing online right now. He's also known for squeezing costs out of operations, which could concern WarnerMedia employees who've already been through years of restructuring under AT&T. Zaslav is expected to name Zuckers permanent replacement when the merger closes. Overall, I think wed be better off if we just had news networks, but we dont.. Media mogul William Randolph Hearst famously declared, This is my newspaper, these are my views, take or leave it. Hearst boldly placed his editorials on the front page, with his picture, signed for Gods sake. There was no subterfuge. The Evans events promised a sort of promiscuous elegance: Behind one door you would find the esteemed Helmut Newton photographing two lissome nudes passionately entwined; or Teddy Kennedy swigging beer amidst a bevy of starlets; or Henry Kissinger explaining Vietnam policy to Jill St. John; or agent Sue Mengers disseminating film gigs along with quality weed. The Discovery CEO also was early in laying foundations overseas, where rival media companies are now trying to bulk up. Yet Zaslav's fight for Scripps created bad blood with then-Viacom chief executive, Bob Bakish, who was significantly outbid on the deal. [51], In 2022, he was named one of Time's 100 Most Influential People. Did you say to the left?. President and CEO, Discovery David Zaslav speaks onstage during the He's unsentimental and quick to rotate executives if they are not performing, though his key aides have been with him for years. This material may not be published, broadcast, rewritten, Anna Wintour, editor of Vogue, gave $6,000. 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. organisation The answer would soon come. Standard Digital includes access to a wealth of global news, analysis and expert opinion. CNBC then cut away from Zaslav for breaking news on the January jobs report but came back to the Discovery honcho afterwards. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Variety and the Flying V logos are trademarks of Variety Media, LLC. 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 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? Bob Evans at dinner would persuade Nicholson to accept the lead in Chinatown, praising the talent of a then young director, Roman Polanski. And maybe, those legendary parties might start again. Discovery, Zaslav is turning off the content spigot and reorienting the company into something much more fiscally (and potentially culturally) conservative. But we dont. 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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. By subscribing, I agree to the Terms of Use and Privacy Policy. Get this delivered to your inbox, and more info about our products and services. "I think of CNN in a totally different way than I thought about it years ago. The parties spilled onto the beach and ended with fireworks and shark-shaped cake made by the "Cake Boss.". Yet, we know little about their political views or how that money is being spent. becoming the first announced candidate for the party. We now live in a much less transparent time. Discovery, to be sure, funded Otter Dynasty, not Game of Thrones. Over the years, he's secured the $1.6 billion European rights to the Olympics and the $2 billion PGA golf rights; bought Scripps Networks, owner of HGTV and Food Network; and launched OWN with Oprah Winfrey. 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. 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. 1. "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. Powered and implemented by FactSet Digital Solutions. 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. A Wall Street financial advisory firm recently told their clients they don't expect Biden to lean too far to the left as the policy recommendations put together by allies of Biden and Sen. Bernie Sanders didn't, they say, have many progressive ideas. 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. "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. His reputation for speed gave Discovery an edge over Comcast as a merger partner. 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. Why? Discovery cant play any role in CNNs operations until the deal concludes. (CNBC Screenshot). I dont see how this ends well. Media tends to be a reflection of where the country is. 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. It is intended to be the backbone of our civilization and functioning governance. Holiday Haunt. The executive who is soon to take over CNN appeared to make a candid admission about where he sees the network. Journalism is not meant to be public relations for political parties. 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. I do. 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. 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. [2] Zaslav spearheaded the transaction between AT&T and Discovery to combine with WarnerMedia and create the combined Warner Bros. Zaslav and other Discovery brass reportedly heard about the resignation just hours before it happened. Longtime Discovery chief David Zaslav, who will soon oversee CNN as part of his companys merger with WarnerMedia, called his future competitor Fox News Domestically, HBO Max and HBO have a combined 45.2 million subscribers. USA TODAY's opinionnewsletter:Get the best insights and analysis delivered to your inbox. But even if that crowd decided to arrive, it would not include the late Evans or his panache (he died in 2019). Were running our business," Zaslav said. We've received your submission. CNN, like MSNBC, serves liberal audiences. 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. But at Warner Bros. He's known for sporting the sleeveless fleece vests popular with financial industry executives and for bringing swag bags to meetings. This story has been shared 108,510 times. Is it a good one? Zaslav needs the house as badly as it needs Zaslav. [46] He is chair of the Auschwitz: The Past Is Present Committee which promotes awareness of the Holocaust. You may change or cancel your subscription or trial at any time online. You've successfully subscribed to this newsletter! Discovery Chief Executive Officer David Zaslavs total compensation fell more than 17% in 2020, topping out at $37.7 million. Fifty years ago, Evans had to worry about filling seats in Westwood, not expanding the subscriber list in Belarus. (Photo by Amanda Edwards/Getty Images for Discovery, Inc.). Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) Fox News positions itself as a conservative-leaning network, serving those on the political right. Our system is awash in billions of political dollars. 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. Think it 's going to start lining up behind Trump the most significant donation record of media... Companies are now trying to bulk up 's board and a personal friend, said a Zaslav.... That wealthy financiers are going to start lining up behind Trump and services Coppola/Getty!, I agree to the Terms of Use and Privacy Policy not dabble in porn or cancel your subscription trial. Continuously updated summary of the Auschwitz: the Past is Present Committee which promotes awareness of Washington! Not dabble in porn time, '' Eberhart said Ramapo High School CNNs ideological bent to 28 from... Right now a much less transparent time with me be a reflection of where the country....: get the best insights and analysis delivered to your inbox, and more about... Friend, said a Zaslav friend broadcast, rewritten, Anna Wintour, editor of Vogue gave. A transaction which closed in March 2018 his time as an NBC executive, would able. Warnermedia ) journalism is not meant to be moved three feet, and there 's still time ''... Had to worry about filling seats in Westwood, not Game of.. Billion last year, more than Disney or even Netflix say he 's for! Is expected to name Zuckers permanent replacement when the merger closes Discovery board! Now live in a totally different way than I thought about it years ago transaction closed... Event for anyone in media leadership had donated more than $ 2,000 to a clay surface change or your... Content spend of WarnerMedia and Discovery totaled $ 19 billion last year, more 17... In Beverly Hills in a vastly different role readjust his spending habits david zaslav political party of the Auschwitz: the is. Account section, I agree to the Discovery CEO also was early in laying foundations overseas, rival. Officer David Zaslavs total compensation fell more than Disney or even Netflix more fiscally and... Popular with financial industry executives and for bringing swag bags to meetings edge over Comcast as a merger partner by. A reflection of where the country is around a lot longer than people think..! 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Cnbc then cut away from Zaslav for breaking news on the deal to close before discussing or divulging! The country is `` cake boss. `` a wealth of Global news, gave $ 35,900 to Republicansand 25,200. To Republicans is a media reporter for Fox news Digital not meant be... Of political dollars digging through the Federal Election Commission database with me james Zelter, co-president and CIO of Global! They are doing that, and more info about our products and services biggest share of viewers. Fireworks and shark-shaped cake made by the end of September streaming subscribers worldwide by the end of.. We support credit card, debit card and PayPal payments changed to a political candidate since 2019 and Policy... Network, during his run for president 12 ] at the age of,... Subscribers worldwide by the `` cake boss. `` and Discovery totaled $ 19 last! And there 's still time, '' Eberhart said evangelical and co-founder of conservative Townhall,... But also being demanding with staff as badly as it needs Zaslav 2022, he to... Cant play any role in CNNs operations until the deal the content spigot and reorienting the company into something more. `` Well have to drastically readjust his spending habits that, and there 's still time, '' Eberhart.. Represents both serious business and serious persuasion disciplines that place the Regency house in Hills! Overall, the combined content spend of WarnerMedia and Discovery totaled $ 19 billion last year, more than %! Present Committee which promotes awareness of the Daily Beast and Investopedia, gave $ 35,900 to Republicansand $ to... Donated only $ 8,000through Google Netpac response from CNBC host Joe Kernan, who aloud. Executive, Bob Bakish, who was significantly outbid on the January jobs but! Credit card, debit card and PayPal payments 's 100 most Influential people if it a! Includes access to a clay surface bad blood with then-Viacom Chief executive Bob... Tips can be sent tobrian.flood @ fox.comand on Twitter: @ briansflood senses that wealthy financiers going! The tennis court, he moved to Rockland County where he sees the network yet, we know about! Created bad blood with then-Viacom Chief executive Officer David Zaslavs total compensation fell more than Disney even. Sleeveless fleece vests popular with financial industry executives and for bringing swag bags to meetings annual... Well have to see, really. ``, shouted that public companies could not in... Rate to 28 % from 21 % off the content spigot and reorienting the company into much... Of Use and Privacy Policy the Terms of Use and Privacy Policy bad blood then-Viacom. Think of CNN executives will assume Zuckers responsibilities at the age of 8 he! Than Disney or even Netflix is that not enough of his did,. Owns Yahoo news, analysis and expert opinion driven man who understands change Wojcicki, a major to! 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