In an interview on CNBC Friday, Discovery CEO David Zaslav, as part of an assessment of his brands portfolio, took stock of CNNs place in the public consciousness and said this: CNBC host Joe Kernen immediately seized on the comment. 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.. Zaslav wooed Scripps CEO Ken Lowe for a decade before consummating the $14.6 billion deal in 2018. David Zaslav is a talented and driven man who understands change. The lack of transparency in super PAC donations loomed as we scoured the FEC database. 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 results were surprising. CNNs political stance is a source of frequent scrutiny in the news industry. "Who do they want managing the economy: Trump (Mnuchin, Powell, Kudlow) or Biden (Bernie, Warren and AOC)?," Bailey said. Only 60 people in media leadership had donated more than$2,000 to a political candidate since 2019. This summer, students from Tufts and Harvard universities spent time digging through the Federal Election Commission database with me. Biden has said he wants to raise the corporate tax rate to 28% from 21%. 2023 Variety Media, LLC. David Zaslav is a talented and driven man who understands change. James Murdoch, who left the family Fox News business, donated over $2.25 million. David Zaslav has been enjoying a stock runup after Wall Street analysts expressed increased optimism about Warner Bros. Zaslav was speaking at the Paley International Council Summit when he made the remarks, which were covered by several news outlets virtually attending the media event. Discovery, Zaslav is turning off the content spigot and reorienting the company into something much more fiscally (and potentially culturally) conservative. Overall, the combined content spend of WarnerMedia and Discovery totaled $19 billion last year, more than Disney or even Netflix. He's known for sporting the sleeveless fleece vests popular with financial industry executives and for bringing swag bags to meetings. On this Wikipedia the language links are at the top of the page across from the article title. analyse how our Sites are used. and other data for a number of reasons, such as keeping FT Sites reliable and secure, I probably shouldnt have said that.. For cost savings, you can change your plan at any time online in the Settings & Account section. USA TODAY's opinionnewsletter:Get the best insights and analysis delivered to your inbox. ", 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.". Discovery. [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]. Powered and implemented by FactSet Digital Solutions. Discovery and has publicly committed to keeping CNN after the merger. organisation 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. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Variety is a part of Penske Media Corporation. It's unclear which political direction Discovery CEO David Zaslav wants to take the network in. Jeff Zucker is considered to be the person responsible for the CNNs shift away from the nonpartisan outlet it was before his tenure. For now, a trio of CNN executives will assume Zuckers responsibilities at the network. Discovery executives are treating Zuckersunexpected exit as a fresh startfor CNN, according to the networks own media reporter, Brian Stelter. Last year, Zaslav vowed to take a hands-on role in the operations of CNN. What investors need to know about Biden's economic vision. Senator from Idaho Jim Risch, amounted to a total of $5,600. Zaslav is also one of the highest-paid CEOs in media history. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. 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. [49], In 2014, Zaslav was awarded the Fred Dressler Leadership Award by Syracuse University's S. I. Newhouse School of Public Communications. 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. But we dont. Jeff Bezos and Mark Zuckerberg fund swaths of lobbyists in Washington. Transparency is what journalists and journalism have long been about. Zaslav's executive compensation package includes an annual salary of $3 million with an annual $22 million bonus. RobertIger, executive chairman of the Walt Disney Co. and who once ran ABC, gave over $1 million. 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. Amanda Edwards/Getty Images for Discovery, NOW WATCH: Customers expect CEOs to take action against climate change now more than ever, Unilever executive says, would unite Discovery with AT&T's WarnerMedia, which could concern WarnerMedia employees, "move-fast and break things" style of the WarnerMedia's current chief executive, Jason Kilar. Frederick Smith, who runs the billion dollar Sinclair media empire that once offered to do anything for Trump, must not have meant with cash, donating $6,800 to the GOP and $5,800 to Democratic Sen. ChuckSchumer. Send us a tip using our annonymous form. Zaslav is expected to name Zuckers permanent replacement when the merger closes. 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. WBD President and CEO David Zaslav spent time with Abrams before the close of the merger earlier this year and is a fan. Market data provided by Factset. 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. But we dont. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Discovery CEO David Zaslav said Friday on CNBC that he had nothing to do with Jeff Zuckers CNN exit. Zaslavs battles will be more expensive. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Jean-Briac Perrette, president and CEO of Discovery International, earned $10.4 million total compensation, down from $14.4 million in 2019. 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. Overall, I think wed be better off if we just had news networks, but we dont.. 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. "After Biden released his economic plan, I would expect CEO donations to President Trump to accelerate. We've received your submission. Where the country was when we launched MSNBC was much more fact-based and less divided.. 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? Discovery chief says 'Journalism First' is new mandate at CNN The company did not break out Discovery+ numbers specifically, so this tally includes its other, much smaller SVOD platforms, but the majority of that 20 million figure is made up of Discovery+ numbers, per Discovery. ", JEFF ZUCKER OUT AT CNN AFTER FAILING TO DISCLOSE CONSENSUAL RELATIONSHIP WITH COLLEAGUE: I WAS WRONG. CNN, like MSNBC, serves liberal audiences. The Discovery-WarnerMedia merger is expected to close in mid-2022. "David Zaslav: "The future of cable is that it's declining" but says "It offers a unique proposition to advertisers. 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. We want to hear from you! U.S. President Donald Trump gestures during a roadside stop in Bedminster, New Jersey, U.S., July 26, 2020. 1. tips@mediaite.com, Joe DePaolo is a Senior Editor at Mediaite. Zaslav wondered how he would stack up against the likes of Netflix and Disney without more content and if he would be forced to sell if he couldn't get bigger to compete with those companies, with their seemingly bottomless pockets. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 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. In his contract extension, Zaslav also received stock options valued at $190 million. There will once again be parties and stars and perhaps arguments. I do. His Facebook page is full of old school friendships and trips with the former GE CEO, Jack Welch. 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. Zaslav laughed but did not retract his comment. A continuously updated summary of the news stories that US political commentators are discussing online right now. That leaves $1 billion unaccounted for. Simply log into Settings & Account and select "Cancel" on the right-hand side. 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. [2] Zaslav spearheaded the transaction between AT&T and Discovery to combine with WarnerMedia and create the combined Warner Bros. Zaslav, known for delivering fast yes or nos to business partners, would be able to move ahead with speed. "How many people survive after a merger? 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. Get our latest storiesin the feed of your favorite networks. [12] At the age of 8, he moved to Rockland County where he graduated from Ramapo High School. ", Warner Bros. International Television Production, Warner Bros. 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. ] at the age of 8, he moved to Rockland County where he graduated from Ramapo school! Of old school friendships and trips with the former GE CEO, Jack Welch robertiger, executive of... Alerts and keep your inbox Zaslav wants to take a hands-on role in news... Left the family Fox news business, donated over $ 2.25 million before the close the! Networks own media reporter, Brian Stelter scoured the FEC database committed to keeping CNN after the merger this... 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