Despite the increased support from CEOs, Biden and the Democratic National Committee outraised their opponents in the second quarter. Not long ago when he dropped by his new home he ordered some changes: Michael Smith, the celebrity designer who President Obama hired to design his private quarters at the White House, will now tackle the Evans house. [42][43][44], Zaslav serves on the boards of Sirius XM, The Cable Center, Center for Communication, Grupo Televisa, Partnership for New York City, Syracuse University and USC Shoah Foundation. WebHome. The index wasmore popular than anticipated. Discovery, weighing in on content, forcing out executives and cutting costly projects like CNN+ while schmoozing with top Hollywood talent. The Discovery Channel started in 1985 with a documentary about the frigid waters of the North Atlantic. But even if that crowd decided to arrive, it would not include the late Evans or his panache (he died in 2019). Together, Discovery and WarnerMedia will span every genre from Hollywood movies and TV shows to reality TV, to news and sports. [41] Zaslav also received backlash for the removal of many of Warner Bros' animated programs from streaming platforms and pulling some of the service's content in general, including Final Space (which was written off for taxes), Infinity Train, Summer Camp Island, Close Enough, The Not-Too-Late Show with Elmo and several hundred episodes of Sesame Street, among others, a decision Infinity Train creator Owen Dennis remarked rendered many of the programs effectively as "lost media". 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. This time, the bulk of Zaslavs compensation came from stock awards ($12.5 million) and non-equity incentive plan compensation ($21.8 million). Farris Wilks, investor in the Daily Wire, gave $416,800 to Trump Victory and Club for Growth Action. 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. Spurred by the rapid proliferation of social media platforms, with questionable content,and a formerpresident who pummeled our free press repeatedly, its no wonder Americans are left wary and our information ecosystem is in shambles. Is this newly minted class of wealth really absent from politics and political influence? 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. For now, a trio of CNN executives will assume Zuckers responsibilities at the network. 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. JEFF ZUCKERS CNN EXIT: FIERY MEETING, SOMBER CONFERENCE CALL PROVE MANY STAFFERS ALREADY MISS FORMER BOSS, "So youve got a guy whos run it for nine years," Kernen said, referring to Zucker. 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. [6][7], Zaslav was born to a Polish and Ukrainian Jewish family[8][9][10][11] in Brooklyn, New York. 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. : Holiday By subscribing, I agree to the Terms of Use and Privacy Policy. We've received your submission. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. I dont see how this ends well. or Zaslav earned a BS degree from Binghamton University. And maybe, those legendary parties might start again. [51], In 2022, he was named one of Time's 100 Most Influential People. YOU'VE REACHED YOUR MONTHLY ARTICLE LIMIT. This story has been shared 108,510 times. 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. 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. Running WarnerMedia's top-tier assets like HBO and spending big on movies and shows is a far different game from the unscripted business that's Discovery's bread and butter. Sheryl Sandberg, COO of Facebook, gave $500,000 mostly to Democrats. 2023 NYP Holdings, Inc. 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Story tips can be sent tobrian.flood@fox.comand on Twitter: @briansflood. You've successfully subscribed to this newsletter! I found these figures wanting. He's unsentimental and quick to rotate executives if they are not performing, though his key aides have been with him for years. [12] At the age of 8, he moved to Rockland County where he graduated from Ramapo High School. Sinai Medical Center. "Jeff is a good friend of mine, I cant speak to this issue, we dont own the company yet," Zaslav said. 2023 Deadline Hollywood, LLC. That cycle, which covers contributions made in 2019, shows Zaslav contributed small sums to one Republican and three Democrats. 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. Hilton Howell of Gray Television gave $17,600. The Bloomberg, Powell Jobsand even Murdoch setups are now bizarrely comforting: At least we know where they stand, and the money is domestic. But he also contributed $100,000 to the Nancy Pelosi Victory Fund, and $124,000 to the Democratic Congressional Campaign Committee. Market data provided by Factset. Holiday Haunt. And John Malone, a top shareholder at CNNs soon to be parent Discovery, has made clear he disagrees with Zuckers vision for CNN. His Greenwich Village home where the WarnerMedia deal was cooked up is now on the market, according to The Hollywood Reporter. Check if your Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. On this Wikipedia the language links are at the top of the page across from the article title. Jeff Zucker is considered to be the person responsible for the CNNs shift away from the nonpartisan outlet it was before his tenure. But his new target list may include Brad Pitt, Tom Cruise, Reese Witherspoon or even the old Evans crowd like Jack Nicholson, Warren Beatty and Dustin Hoffman. She has written extensively about the news media. 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. We need radical transparency from media and social media platforms on which politicians, super PACs and lobbyists they fund. "I, and we as a company, we are a fighter for news. 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. "I think of CNN in a totally different way than I thought about it years ago. 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. But not disclosing a consensual relationship rarely results in the defenestration of a network president. The issue is that not enough of his Raising the corporate tax rate is not exactly conducive to growing revenue or earnings," Eberhart said. The Discovery CEO also was early in laying foundations overseas, where rival media companies are now trying to bulk up. 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.. That leaves $1 billion unaccounted for. Then, sheepishly taking back his question, Kernen said, that was an aside. [37][38][39], Since August 2022, Zaslav received heavy criticism for his decision to heavily shrink down the content library on the streaming service HBO Max, to be used as tax write-offs. Zaslav is also known as a CEO who keeps a tight rein on programming costs. Over the years, Diana Ross, Rod Stewart, and Harry Connick Jr. performed for an A-List crowd that included Jamie Dimon, Oprah Winfrey, Ron Howard, and tennis star Boris Becker, to name a few. David Zaslav is a talented and driven man who understands change. Stay up to date with what you want to know. 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. But Zaslav is likely to get at least a warm initial reception. Is it a good one? Its a mess. In his contract extension, Zaslav also received stock options valued at $190 million. During Thursdays meeting, Zaslav warned that staff reductions were likely as he continued to remove layers of management and combines jobs. Where do they give money for political gain around regulation and governance? Fifty years ago, Evans had to worry about filling seats in Westwood, not expanding the subscriber list in Belarus. becoming the first announced candidate for the party. What investors need to know about Biden's economic vision. Barry Diller, owner of The Daily Beast and Investopedia, gave $120,000. 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. Dan Eberhart, a longtime prominent Republican donor, told CNBC he senses that wealthy financiers are going to start lining up behind Trump. 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. The total accounted loss was nearly $25 billion off the company's market cap. The public reason given was that Zucker didn't disclose a sexual relationship with CNN executive Allison Gollust, which immediately raised eyebrows as their relationship was widely known. Biden has said he wants to raise the corporate tax rate to 28% from 21%. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Did you say to the left? Kernan said, before taking back the question, saying he probably shouldnt have said that.. Look up your friends and patriotsat the FEC. Were running our business," Zaslav said. But at Warner Bros. 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. analyse how our Sites are used. Zaslav is on the board of Mexican programming giant Televisa, now merging with Univision. Warner Bros Discovery (WBD) has reported financial results for the quarter and year ended December 31st 2022. [16], Zaslav joined NBC in 1989. We have this great entertainment menu, which should keep people in the home, from the kids to the grandparents. He was granted no options. A fiercely ambitious man with an appetite for the theatrical, Zaslav paid $16 million for the late Bob Evans home in Beverly Hills, originally telling friends he may spend three months a year in Hollywood, creating a livelier aura for his Discovery Channel. Jean-Briac Perrette, president and CEO of Discovery International, earned $10.4 million total compensation, down from $14.4 million in 2019. It raises the question: Does super PAC funding, often with a hefty and opaque line-item labeled media spend,fund some of these outlets? 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Zaslav then declared his company is "the leader of news in Poland" and noted that Trump and Biden administrations have both helped Polish news channelTVN24 stay afloat despite the Polish government trying to shut them down. On Friday morning, he shocked CNBC hosts by calling the network 'the leader of news to the left'. They are doing that, and there's still time," Eberhart said. Sinclair Broadcasting and Nexstar executives give to the National Association of Broadcasters. [45] His daughter Ali Zaslav is a congressional producer with CNN.[53]. 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. But what sort of a time will it be? A Real Clear Politics polling average shows Biden ahead of Trump by close to 10 points. Marc Rowan at Apollo Management, the private equity firm that recently acquired Yahoo News for $5 billion, gave $1.75 million. Marc Benioff, the current owner of Time who's, active in homelessness issues in San Francisco,gave only $5,000 to his Salesforce.com PAC. Senator from Idaho Jim Risch, amounted to a total of $5,600. Did Elon Musk, one of the biggest donors to Wikipedia, reallygive only $40,000 to political leaders and causesin 2020-21? Discovery. Last November, Zaslav told Deadline that he would take a hands-on approach at CNN and other WarnerMedia properties. During the Evans era, the sources of corporate infighting were often esoteric. That was down from the $45.8 million that Zaslav pulled in the pr 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. 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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. To get at least a warm initial reception is now on the market, according the... Were likely as he continued to remove layers of management and combines jobs shocked CNBC by. Now merging with Univision the corporate tax rate to 28 % from 21 % Democratic Congressional Campaign.... Around regulation and governance layers of management and combines jobs to the Democratic National Committee outraised opponents... And Club for Growth Action Clear politics polling average shows Biden ahead of Trump by close to 10.. 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