Warner Bros. So, how much is David Zaslav worth at the age of 62 years old? By Chip and Joanna Gaines. This . Zucker abruptly resigned this week after admitting he failed to properly disclose his relationship with another senior executive, CNN chief marketing officer Allison Gollust. McHale took a six month maternity leave which gave Zaslav the chance to work closely with Hendricks for six months. Where the country was when we launched MSNBC was much more fact-based and less divided.. S&P 500 CEOs are some of the most influential people in the United States, especially when it comes to funding both Republicans And Democrats, that's according to Market Watch roster of top CEO's political donations to midterm election efforts. The company also expanded live coverage and special programming including Discoverys Shark Week and Animal Planets Super Bowl Sunday Puppy Bowl. Employment lawyer Debra S. Katz said the allegation against him was made by a former junior colleague at another network, and was unrelated to his brother, former New York governor Andrew Cuomo. Were not going to look at the ratings and, in the long run, its going to be worth more.. Zaslows humanitarian efforts reflect his Jewish heritage. Raising the corporate tax rate is not exactly conducive to growing revenue or earnings," Eberhart said. After taking over the role of CEO of DISCA in 2007, Zaslav helped the company grow. 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. David Milton Zaslav was born on January 15, 1960 in Brooklyn, New York City, U.S. happened. 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. Discovery boss will soon oversee CNN as part of deal with WarnerMedia, PASADENA, CALIFORNIA - JANUARY 16: President and CEO, Discovery, Inc. David Zaslav speaks onstage during the Discovery, Inc. TCA Winter Panel 2020 at The Langham Huntington, Pasadena on January 16, 2020 in Pasadena, California. His testimony was subject to the penalty of perjury. "It was a business . "I think of CNN in a totally different way than I thought about it years ago. 'In terms of CNN+ we couldn't be more excited about the fact that they've been hiring great journalists,' he said, likely referring to the hiring of former Fox News anchor Chris Wallace. What else could a person, Read More 20 Winnie The Pooh Quotes That Apply to BusinessContinue. [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. Zaslav counts among his friends, Oprah Winfrey, Lloyd Blankfein (Goldman Sachs CEO) and Colin Powel (former Secretary of State). The largest donation made to a political party by a Discovery employee was by David Zaslav. . Use the unsubscribe link in those emails to opt out at any time. Lloyd Blankfein. You've successfully subscribed to this newsletter! Did you say to the left? The total accounted loss was nearly $25 billion off the company's market cap. . 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. 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. Given six seats on the new company's board, Zaslav and Discovery appointed a roster of all white male directors. [49], In 2014, Zaslav was awarded the Fred Dressler Leadership Award by Syracuse University's S. I. Newhouse School of Public Communications. Jeff Zucker's successor at the CNN helm will be Licht . "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. Discovery CEO David Zaslav spoke Tuesday at RBC's 2022 Global TIMT Conference in New York. The contract, which includes stocks and stock options includes a $3 million base salary with $6 million in bonuses. Warner Bros. Discovery. The largest trade he's ever made was exercising 2,947,078 units of Discovery Inc stock on 16 January 2015 worth over $71,820,291. Now-former HBO Max executives have claimed that CEO David Zaslav's recent cancellation of various Warner Bros. 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.. [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]. That tells us a very different story than whats come out in the media. By Discovery projects was done in service of moving the company away from producing divisive left-wing content in favor of entertaining the average viewer. Last week, CNN abruptly canceled the show and effectively fired Stelter and his staff. [35][36] Zaslav's executive compensation package includes an annual salary of $3 million with an annual $22 million bonus. 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 . If nothing else, itll be interesting to see if the list of donations grows and who might benefit. This attorney also worked with the Discovery Channel and MTV which were struggling new cable stations at the time. "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. We're not involved in any of that,' Zaslav said. Why? The CEO of Warner Brothers Discovery is David Zaslav. It also coincided with a historic low for the network on Saturday, June 18 which saw the network dip to 57,000 total demo viewers. Wright envisioned broadcast network getting into cable television as cable was rapidly growing with business, news and entertainment channels. We have this great entertainment menu, which should keep people in the home, from the kids to the grandparents. Date Of Birth. Discovery CEO David Zaslav said CNN is renewing its focus on journalism signaling he wants the scandal-scarred, left-leaning network to eventually deliver straight news that also appeals to conservatives. 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. Its not partisan to stand up to demagogues. Zaslavwill lead the combined company called Warner Bros. In 2012, Zaslav was honored by the UJA Foundation of New York with the Steven J. Ross Humanitarian Award. As Republicans move further rightward into the netherworld of authoritarianism, theres even less possibility that CNNs news coverage will be able to satisfy them, nor should CNN even try. Despite weak ratings for Reliable Sources, the show still outpaced CNN prime-time hosts like Anderson Cooper and Don Lemon for the quarter in terms of total viewers, Nielsen said. We've received your submission. With over 10 years experience he's covered businesses, CEOs, and investments. Next quarter the company projects $1.6 billion in profit, and for 2023, it expects to have operating margins of 21 to 22 percent, up from 18 to 20 percent in 2022. Discovery CEO David Zaslav said Friday on CNBC that he had nothing to do with Jeff Zuckers CNN exit. CNNs ratings are as bad as local news ratings., New management isnot freaking out but everyone else at CNN is, the source added. By clicking submit, you agree to share your email address with the site owner and Mailchimp to receive emails from the site owner. Chris Cuomo refused to leave CNN quietly after being fired for helping quash sex assault allegations against his brother, disgraced ex-New York Governor Andrew Cuomo - and he was 'trying to burn the place down' when he ousted Jeff Zucker's secret relationship with a senior network executive. Discovery CEO David Zaslav, who's taking over CNN. [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. After working with Discovery and MTV at the law firm for a few years, Zaslav happened to read an article about Bob Wright, an executive at NBC. 2023 NYP Holdings, Inc. All Rights Reserved, CNN analyst gives birth in bathroom after 13-minute sudden labor, US government-funded research tagged Americans for Twitter ban: report, Bill Maher says woke community wants to shut down debate on trans issues, New York Times, MSNBC, CNN slammed for claiming COVID lab leak theory was debunked, dialed back usingthe breaking news banner, Reliable Sources hosted by Brian Stelter, evaluating whether CNNs staffers can adjust. He was excited by entertainment law at Boston University, 4. Zaslav helped NBCs cable division expand and grow. Making purchases through these links helps support the site. That is, the poster boy for income inequality. A source told Deadlines Dominic Patten and Ted Johnson that even if Malone didnt order Stelters ouster, it sure represents his thinking. "It's clear Team Trump needs to break the glass and pull the fire alarm. Zaslav's executive compensation package includes an annual salary of $3 million with an annual $22 million bonus. Why would they go anywhere else? While there, he was excited by the entertainment law the firms practiced. But the left-leaning networks ratings slide began well before new management took over. We've received your submission. Brian Stelters very popular and commerically successful show was axed. All rights reserved. (CNBC Screenshot). ', 'If that's the case, this is a domino effect, that begins with Andrew Cuomo going down in the governor's office, and then Chris Cuomo gets fired from CNN, and then Jeff Zucker losing his job.'. Although a diligent law student, during his 3 years in Boston, Zaslav had a good time. 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. Discovery CEO David Zaslav said CNN is renewing its focus on "journalism" signaling he wants the scandal-scarred, left-leaning network to eventually deliver straigh Discovery CEO David Zaslav Amanda Edwards/Getty Images. Discovery Inc., one of the largest media companies in the world, he told friends in Hollywood that he would hire the best people he could find . Keith Griffith For Dailymail.com Definitely to the left. Legal Statement. 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. Follow the money. Maybe he . Biden has said he wants to raise the corporate tax rate to 28% from 21%. Its required. 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. 2. We're running our business. ", JEFF ZUCKER OUT AT CNN AFTER FAILING TO DISCLOSE CONSENSUAL RELATIONSHIP WITH COLLEAGUE: I WAS WRONG. The details about his parents and siblings are not disclosed in any source. Jordan Zaslav (@jzaslav) October 15, 2016. Malone describes himself as a libertarian although he travels in rightwing Republican circles. Internationally, DISCA has greatly expanded under Zaslavs reign. Under his leadership, Discovery began trading as a public company in 2008, became a Fortune 500 company in 2014, and acquired Scripps . 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. Discovery. ', When asked to define 'oppo research', he said: 'the idea of trying to find ways to disparage people who come forward with allegations like this is not what I'm about.'. Warner Bros. Zaslav is listed as living in New York and all three are politicians from New York. [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. 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. Market data provided by Factset. Of those donations, $1 million went to America First Action, a pro-Trump super PAC. ', Keith Olbermann, the former MSNBC commentator, responded in a tweet saying: 'Well Sir, if you really mean this I have a great programming idea for you at 9 PM.'. 'We're the leader in news to the left,' he said ahead of merger with CNN. 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. David M. Zaslav was born on January 15, 1960 in Rockland County, New York. didn't, they say, have many progressive ideas. If weve learned anything from Trump and his lapdogs at Fox News, its that facts, data and logic are no longer relevant to the Republican base. CNBC posted a clip of the exchange on Twitter, but later deleted it. Please reload the page and try again. January 15, 1960, By Dade Hayes. All rights reserved. Discovery CEO David Zaslav addressed the company's controversial decision this week to cancel releases for " Batgirl " and "Scoob! Discovery cant play any role in CNNs operations until the deal concludes. Zaslav's remarks come just days after the spectacular ouster of CNN boss Zucker, who resigned under a cloud this week. 2023 NYP Holdings, Inc. 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'Discovery's largest shareholder, John Malone, a critic of CNN, made it known that corporate procedures had to be followed to the letter in regards to Zucker, we hear,' Deadline reported on Wednesday. Zaslav was excited by the idea. After his Freshman year, he transferred to Binghamton University in Binghamton, New York. 'They were widely known to be extremely close and in regular contact, including about the details of Mr. Cuomo's support for his brother,' the spokesman told the Wall Street Journal. Discovery chief executive David Zaslav's last name. In one text, on March 3, he also asked DeRosa to 'please let me help with prep'. [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. Discovery. He realized that he was not going to become a professional tennis player. Discovery Inc. Chief Executive David Zaslav will remove executive layers and take direct oversight of key creative and news operations upon the company's merger with AT&T Inc.'s WarnerMedia . , updated He is a Guardian US columnist. David Zaslav donated $535,750 to the Democratic Party. DISCA hired Zaslav as its CEO in January 2007. Under the merger, WarnerMedia and Discovery will become one new media powerhouse - Warner Bros. The Bionic Lens Could Lead to Better Than 20/20 Vision, How to Apply for a Small Business Loan in New Jersey, The Five Highest Grossing Indian Movies of All-Time, 20 Winnie The Pooh Quotes That Apply to Business, Eight Reasons to go to French Polynesias Marquesas Islands, How Lisa Rinna Achieved a Net Worth of $10 Million, 20 Cities with The Worst Weather in Europe, How Zac Stacy Achieved a Net Worth of $6 Million. Longtime Discovery chief David Zaslav, who will soon oversee CNN as part of his company's merger with WarnerMedia, called his future competitor Fox . Earlier this year, after former President Donald Trump left office, CNNs ratings took a 90% nosedive both overall and in the demographic coveted by advertisers in the first week of January. CNN, like MSNBC, serves liberal audiences. The titan next door. The guest list is a mixture of executives, news anchors, politicians and celebrities. Stelters show, which focuses on big media stories and how the press covers the news, also marked its lowest second quarter since 2019, with an average of 679,000 viewers and 111,000 average demo viewers. "Who do they want managing the economy: Trump (Mnuchin, Powell, Kudlow) or Biden (Bernie, Warren and AOC)?," Bailey said. May 20, 2022 3:33 PM EDT. His mandate for Licht, a former executive producerof CBSs The Late Show with Stephen Colbert, was to get rid of the sensational, partisan, Trump-focused coverage made popular under Zucker. [13][14] He was captain of the varsity tennis team.[15]. Overall, I think wed be better off if we just had news networks, but we dont.. 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. David Zaslav renewed his association with the Discovery Channel (DISCA) through his work with NBCs cable division.
