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. [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. 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 Zaslav didnt clarify in response, and it immediatelywent viral on social media, where users pointed to it as an acknowledgement that CNN leans left politically. 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. personalising content and ads, providing social media features and to He's known for sporting the sleeveless fleece vests popular with financial industry executives and for bringing swag bags to meetings. 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? Get this delivered to your inbox, and more info about our products and services. Sprecher also gave at least $106,500 to the National Republican Senatorial Committee, the official campaign arm of Republicans running for Senate seats. In another coup, in 2008, Zaslav convinced Winfrey to go into business with him and create a cable channel together. Discovery. 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. The merger between WarnerMedia and Discovery is reportedly set to be completed early in the spring. The issue is that not enough of his Discovery, to be sure, funded Otter Dynasty, not Game of Thrones. Media tends to be a reflection of where the country is. 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. Warner Bros Discovery (WBD) has reported financial results for the quarter and year ended December 31st 2022. 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. 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. 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. analyse how our Sites are used. 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. After all, he intended to spend more time on it, and style is as important in tennis as it is in show business. Susan Wojcicki, a major donor to Wikipedia and CEO of YouTube,donated only $8,000through Google Netpac. 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. Zaslav made a similar remark during an AT&T and Discovery joint news conference in May 2021, describing the left side of the joint company as everything other than the content. 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. Zucker abruptly resigned this week after admitting he failed to properly disclose his relationship with another senior executive, CNN chief marketing officer Allison Gollust. Discovery , USA TODAY's opinionnewsletter:Get the best insights and analysis delivered to your inbox. The executive who is soon to take over CNN appeared to make a candid admission about where he sees the network. university Discovery, Zaslav is turning off the content spigot and reorienting the company into something much more fiscally (and potentially culturally) conservative. Discovery chief says 'Journalism First' is new mandate at CNN For context, OpenSecrets reported that political spending in the 2020 election reached $14 billion, the most expensive election ever. Last November, Zaslav told Deadline that he would take a hands-on approach at CNN and other WarnerMedia properties. 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. That employee makes $66,689, so it would take them 565 years to equal Zaslavs annual compensation. Standard Digital includes access to a wealth of global news, analysis and expert opinion. David Zaslav, Discovery's CEO, will lead the combined Discovery-WarnerMedia. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Zaslav had a hand in the launch of MSNBC, another left-leaning network, during his time as an NBC executive. 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. Got a confidential news tip? And then were the leader in news to the left, Zaslav told CNBC on Friday. The total accounted loss was nearly $25 billion off the company's market cap. Barry Diller, owner of The Daily Beast and Investopedia, gave $120,000. [50], In 2017, Zaslav was inducted into the Cable Hall of Fame. He must also mobilize his charisma to keep his uneasy management in place during the one-year-plus period while lawyers and bankers hammer out legalities and obtain antitrust approval. 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. His 2020 pay was $37 million, and the WarnerMedia deal would entitle him to some 14.8 million in options, worth $190 million, according to The Wall Street Journal. So maybe Zaslav isnt offended by the transparent political bias Variety is a part of Penske Media Corporation. 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. Discovery Chief Executive Officer David Zaslavs total compensation fell more than 17% in 2020, topping out at $37.7 million. Market data provided by Factset. All rights reserved. It is nearly impossible to know where the money is spent,even if you can run down the roster of donors. 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. Were running our business," Zaslav said. But times have changed. David Zaslav, who led the merger with CNN and Discovery, donated over $240,000. Brian Flood is a media reporter for Fox News Digital. met 98.2% of his quantitative goals and 100% of his qualitative goals. Zaslav is expected to name Zuckers permanent replacement when the merger closes. The tennis court, he decided, needed to be moved three feet, and changed to a clay surface. Zaslav is also known as a CEO who keeps a tight rein on programming costs. He's unsentimental and quick to rotate executives if they are not performing, though his key aides have been with him for years. Definitely to the left, Kernen said. Longtime Discovery chief David Zaslav, who will soon oversee CNN as part of his companys merger with WarnerMedia, called his future competitor Fox News For now, a trio of CNN executives will assume Zuckers responsibilities at the network. In his New York days, Zaslav liked friends like Ron Perelman, Lorne Michaels and Jeff Zucker to hang at his Hamptons parties. Get our latest storiesin the feed of your favorite networks. Something we can likely all agree on is that trust in media is at an all-time low and Americans want reliable, nonpartisan news. Stay up to date with what you want to know. He doesn't.". We have this great entertainment menu, which should keep people in the home, from the kids to the grandparents. David Zaslav, who led the merger with CNN and Discovery, donated over $240,000. AT&T CEO John Stankey, who oversees WarnerMedia, has been focused on the merger with Discovery, and is thought to be disinterested in any aspect of the CNN operation. 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Jake Tapper Promises His Interview With Bill Maher Will Air Uncensored, NEW POLL: Trump Holds Gargantuan 30-Point Lead Over DeSantis And 61-Point Lead Against Nikki Haley, Buttigieg Defends Biden Not Going to East Palestine: His Visit Could Have Disruptive Effects, Nate Silver and Mehdi Hasan Throw Down Over Media Coverage of Covid-19 Lab Leak Theory, Ex-Obama Flack Jen Palmieri Praises Trump Visit to Train Wreck Site On MSNBC Says Biden Must Go. Domestically, HBO Max and HBO have a combined 45.2 million subscribers. Biden and the Democratic National Committee outraised their opponents in the second quarter. (Photo by Mike Coppola/Getty Images for WarnerMedia). [49], In 2014, Zaslav was awarded the Fred Dressler Leadership Award by Syracuse University's S. I. Newhouse School of Public Communications. 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. All Rights Reserved. The Cook Political Report marks six Republican-held Senate seats in Colorado, Georgia, Iowa, Maine, Montana and North Carolina as toss ups. 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. 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. David Overall, I think wed be better off if we just had news networks, but we dont.. [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. Look up your friends and patriotsat the FEC. Discovery cant play any role in CNNs operations until the deal concludes. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) But what sort of a time will it be? Fifty years ago, Evans had to worry about filling seats in Westwood, not expanding the subscriber list in Belarus. [46] He is chair of the Auschwitz: The Past Is Present Committee which promotes awareness of the Holocaust. His reputation for speed gave Discovery an edge over Comcast as a merger partner. What does media constitute? 2023 FOX News Network, LLC. 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 Division of NBCUniversal. Zaslav's executive compensation package includes an annual salary of $3 million with an annual $22 million bonus. [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. "It's clear Team Trump needs to break the glass and pull the fire alarm. Mediaite regrets the error. Philip Anschutz, owner of the Washington Examiner, gave $168,500. [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. Listen to a portion New York (CNN Business)Discovery ( DISCA) 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. Discovery, despite the sudden ouster of CNN boss Jeff Zucker earlier this week. "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. Sign up for free newsletters and get more CNBC delivered to your inbox. + 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 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. Transparency is what journalists and journalism have long been about. 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. Powered and implemented by FactSet Digital Solutions. With Democratic voters po- turnout to overcome any po- week, spent Monday and Tues- by the parties. Media tends to be a reflection of where the country is. The Discovery-WarnerMedia merger is expected to close in mid-2022. Zaslav, however, in his quest for major talent, may also have to answer queries about the movies release platform and the structure of its compensation formula. David Zaslav has been enjoying a stock runup after Wall Street analysts expressed increased optimism about Warner Bros. The combination has promised $3 billion in synergies. Having pulled off the media coup of the decade, the energetic executive will preside over the Warner-Discovery group. Dan Eberhart, a longtime prominent Republican donor, told CNBC he senses that wealthy financiers are going to start lining up behind Trump. Too many people in power are gaming the system. Discovery CEO Zaslav Surprises CNBC Host By Saying CNN is The Leader in News to the Left of Discoverys Portfolio (Correction) By Joe DePaolo Feb 4th, 2022, 9:07 am Twitter share button During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Despite the increased support from CEOs, Biden and the Democratic National Committee outraised their opponents in the second quarter. 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. Using the original ownership index, we tracked the political donations at 90 of the top U.S. news organizations. His salary remained locked at $3 million. Farris Wilks, investor in the Daily Wire, gave $416,800 to Trump Victory and Club for Growth Action. 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