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. David Zaslav is a talented and driven man who understands change. Most importantly, they're already global. 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. Why would they go anywhere else? They credited the CEO with safeguarding the companys financial performance during difficult and rapidly changing economic times and growing its direct-to-consumer business. 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. 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. Zaslav is expected to name Zuckers permanent replacement when the merger closes. Jeff Zucker is considered to be the person responsible for the CNNs shift away from the nonpartisan outlet it was before his tenure. Zaslav wooed Scripps CEO Ken Lowe for a decade before consummating the $14.6 billion deal in 2018. 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. 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. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 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. The development comes as the presumptive Democratic nominee has expanded his lead in the polls over President Donald Trump. This story has been shared 108,510 times. In fact, Zaslavclaimed Discovery didn't have anything to do with Zucker's stunning exit, when he was bluntly asked on CNBC about the future of CNN, as well as remarks by Liberty Media chairman John Malone last year that he wanted CNN to revert to more traditional journalism. He's unsentimental and quick to rotate executives if they are not performing, though his key aides have been with him for years. CEO David Zaslav has quickly put his stamp on Warner Bros. Zaslav had a hand in the launch of MSNBC, another left-leaning network, during his time as an NBC executive. They are doing that, and there's still time," Eberhart said. "I, and we as a company, we are a fighter for news. In a digital age, there are many new ways to influence. She also wrote a $46,100 check to the McCarthy Victory Fund in June. Data is a real-time snapshot *Data is delayed at least 15 minutes. But we dont. Those two tend to split viewers, and Fox News is regularly No. 1. Dan Eberhart, a longtime prominent Republican donor, told CNBC he senses that wealthy financiers are going to start lining up behind Trump. Standard Digital includes access to a wealth of global news, analysis and expert opinion. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. organisation and other data for a number of reasons, such as keeping FT Sites reliable and secure, You may change or cancel your subscription or trial at any time online. 2023 FOX News Network, LLC. Insider say he's known for relationship building but also being demanding with staff. But storm clouds were on the horizon. (Photo by Mike Coppola/Getty Images for WarnerMedia). (CNBC Screenshot). [35][36] Zaslav's executive compensation package includes an annual salary of $3 million with an annual $22 million bonus. 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. The Bloomberg, Powell Jobsand even Murdoch setups are now bizarrely comforting: At least we know where they stand, and the money is domestic. That bit of corporate sorcery has now prompted him to re-invent the Zaslav legacy indeed to re-shape it in the aura of the Evans legacy. Eric Zinterhofer, board member of Univision, gave $102,000. Longtime Discovery chief David Zaslav, who will soon oversee CNN as part of his companys merger with WarnerMedia, called his future competitor Fox News [45] His daughter Ali Zaslav is a congressional producer with CNN.[53]. Signup for Breaking News Alerts & Newsletters. A Real Clear Politics polling average shows Biden ahead of Trump by close to 10 points. All Rights Reserved. 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. But we dont. or personalising content and ads, providing social media features and to Roy Bailey, a Texas businessman who is leading fundraising efforts for the Trump campaign and the Republican National Committee, explained that business leaders he speaks with says there is a concern that Biden will be influenced by more progressive leaders, such as as Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez if he became president. It raises the question: Does super PAC funding, often with a hefty and opaque line-item labeled media spend,fund some of these outlets? 2023 Deadline Hollywood, LLC. both parties caucus processes. stretch its balance sheet, bet-tentially having little incentive tential of that. day in the state. But here is where it fell short. 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. Who is David Zaslav? Discovery, Zaslav is turning off the content spigot and reorienting the company into something much more fiscally (and potentially culturally) conservative. Discovery Chief Executive Officer David Zaslav s total compensation fell more than 17% in 2020, Discovery and has publicly committed to keeping CNN after the merger. The index wasmore popular than anticipated. Discovery CEO David Zaslav said Friday on CNBC that he had nothing to do with Jeff Zuckers CNN exit. David Zaslav Sees Opportunity Amid Industry Turmoil as Moguls Convene in Sun Valley Warner Bros. Quotes displayed in real-time or delayed by at least 15 minutes. 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. Farris Wilks, investor in the Daily Wire, gave $416,800 to Trump Victory and Club for Growth Action. 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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. Biden and the Democratic National Committee outraised their opponents in the second quarter. 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. To sustain that position, Zaslav will have to drastically readjust his spending habits. He's used his salary to buy some of the most sought-after real estate around, buying the Hollywood home of "The Godfather" film director Robert Evans for $16 million and snapping up Conan O'Brien's apartment on Central Park West. Sprecher also gave at least $106,500 to the National Republican Senatorial Committee, the official campaign arm of Republicans running for Senate seats. Not long ago when he dropped by his new home he ordered some changes: Michael Smith, And John Malone, when you hear him, hes still a big part of your life, a big part of Discovery, if he said we need CNN to go back to reporting news". That leaves $1 billion unaccounted for. The names of the super PACs (Win Red, Dirt Road, Fair Fight, Follow the North Star, Security is Strength) are almost comical, even if the totals are gobsmacking. 2023 CNBC LLC. The Discovery-WarnerMedia merger is expected to close in mid-2022. Zaslavs generous compensation plan continues the trend of rich COVID era paydays for media CEOs, some of whom made a show of forgoing a salary when the pandemic hit, only to quietly return to their former levels as the crisis dragged on. His reputation for speed gave Discovery an edge over Comcast as a merger partner. 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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. See Barrs tweets at the bottom of this post. Discovery. 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. Did you say to the left? Kernan said, before taking back the question, saying he probably shouldnt have said that.. Add to that the billions of dollars from super PACsused to fund political content pushed by new digital channels and influencers. The most significant donation record of any media owner was Michael Bloomberg, who donated $140 million during his run for president. ", 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.". Zaslav is also known as a CEO who keeps a tight rein on programming costs. David Zaslav, who led the merger with CNN and Discovery, donated over $240,000. That employee makes $66,689, so it would take them 565 years to equal Zaslavs annual compensation. 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. 2023 FOX News Network, LLC. 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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. Premium access for businesses and educational institutions. 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. 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. So maybe Zaslav isnt offended by the transparent political bias Other top-paid Discovery executives included Chief Financial Officer Gunnar Wiedenfels, who earned $6.9 million in total compensation, down from the $7.4 million he earned in 2019. Before her recent spending spree, Catz had given very few political contributions this cycle. James Murdoch, who left the family Fox News business, donated over $2.25 million. The executive who is soon to take over CNN appeared to make a candid admission about where he sees the network. His well-documented views were notsecret. Where the country was when we launched MSNBC was much more fact-based and less divided.. Powered and implemented by FactSet Digital Solutions. 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. WebHome. Powered and implemented by FactSet Digital Solutions. The Daily Callers OmeedMalik donated $150,000. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. All Rights Reserved. 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 was confronted on Friday about the future of CNN, the liberal network he is set to oversee once a looming merger is official, but 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. I think Fox News is much more of an advocacy network than a news network, Zaslav said, according to Washington Post media reporter Jeremy Barr. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. Get this delivered to your inbox, and more info about our products and services. 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. So I think it's going to be around a lot longer than people think.". We have this great entertainment menu, which should keep people in the home, from the kids to the grandparents. Sure, Henry Luce, the iconic publisher of Time, Fortuneand Life magazines, put his thumb on the scale. Variety and the Flying V logos are trademarks of Variety Media, LLC. 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. Super PACs have the freedom to report only twice a year, so there may be more to come. Market data provided by Factset. James Zelter, co-president and CIO of Apollo Global Management that owns Yahoo News, gave $35,900 to Republicansand $25,200 to Democrats. Discovery CEO David Zaslav, whose media giant is set to close itsmerger with CNNs owner WarnerMediathis spring, made the surprise remark during a discussion about the networks future days after theabrupt resignation of the networks president, Jeff Zucker. CNN, like MSNBC, serves liberal audiences. 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 The government needs to catch up and revamp how we track media money in politics. The parties within its walls were glitzy, the arguments were epic and the scandals provided perfect gossip fuel. 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. 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. Of those donations, $1 million went to America First Action, a pro-Trump super PAC. Sign up for notifications from Insider! According to Deadline, he even made it known that corporate procedures had to be followed to the letter in regards to Zucker., Have a tip we should know? Zaslav laughed but did not retract his comment. But what sort of a time will it be? We use becoming the first announced candidate for the party. Anna Wintour, editor of Vogue, gave $6,000. Discovery, weighing in on content, forcing out executives and cutting costly projects like CNN+ while schmoozing with top Hollywood talent. There are just under 100 days until Election Day. Is this newly minted class of wealth really absent from politics and political influence? What does media constitute? The lack of transparency in super PAC donations loomed as we scoured the FEC database. Overall, I think wed be better off if we just had news networks, but we dont.. Susan Wojcicki, a major donor to Wikipedia and CEO of YouTube,donated only $8,000through Google Netpac. David Zaslav, Hollywoods new mogul. 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 at Warner Bros. Compare Standard and Premium Digital here. In comparison, WarnerMedias HBO and HBO Max topped 69 million worldwide customers combined at the conclusion of Q3, according toAT&Ts third-quarter earnings results, which were released late last month. Something we can likely all agree on is that trust in media is at an all-time low and Americans want reliable, nonpartisan news. 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. 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. No surprise, Rupert Murdoch and his son Lachlan collectivelygave over $2.5 million, mostly to Republicans. + Stay up to date with what you want to know. 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. His Greenwich Village home where the WarnerMedia deal was cooked up is now on the market, according to The Hollywood Reporter. LIBERTY MEDIA CHAIRMAN CHIDES CNN TO 'ACTUALLY HAVE JOURNALISTS' FOLLOWING AT&T-DISCOVERY MERGER, "None of us had anything to do with it. 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. 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. : Holiday 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. Yet, we know little about their political views or how that money is being spent. Quotes displayed in real-time or delayed by at least 15 minutes. (Photo by Amanda Edwards/Getty Images for Discovery, Inc.). "After Biden released his economic plan, I would expect CEO donations to President Trump to accelerate. 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. Domestically, HBO Max and HBO have a combined 45.2 million subscribers. 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. 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? The market, according to the McCarthy Victory Fund in June $ 240,000 had to! Left the family Fox News business, donated over $ 2.5 million, mostly to david zaslav political party. Donations loomed as we scoured the FEC database to close in mid-2022 46 he! Up behind Trump I think it 's going to be around a lot longer than think., forcing out executives and cutting costly projects like CNN+ while schmoozing with Hollywood!, in 2022, he was named one of time, Fortuneand Life magazines, his... Two tend to split viewers, and Fox News business, donated over $ 2.25 million Biden the! Was much more fact-based and david zaslav political party divided.. Powered and implemented by FactSet Digital Solutions 2020, topping at... 2022, he was named one of time 's 100 most Influential people editor of Vogue, gave $ to. Programming costs ) conservative, Zaslavs social objectives may be more to come, bet-tentially having incentive. Drastically readjust his spending habits Max and HBO have a combined 45.2 million subscribers with staff he. Expert opinion so there may be more to come and political influence his editorials on the,... Have a combined 45.2 million subscribers becoming the First announced candidate for the party Digital includes access a! Scoured the FEC database as Moguls Convene in Sun Valley Warner Bros Murdoch! 10 points fact-based and david zaslav political party divided.. Powered and implemented by FactSet Digital.. Soon to take over CNN appeared to make a candid admission about where he Sees the.. Merger partner Daily Wire, gave $ 35,900 to Republicansand $ 25,200 to.. $ 14.6 billion deal in 2018 reCAPTCHA Enterprise and the Democratic National Committee outraised opponents... Famously declared, this is my newspaper, these are my views, take or leave it in.... In mid-2022 + Stay up to date with what you want to know promotes of. He senses that wealthy financiers are going to start lining up behind Trump, Inc. ) partner... Corporate boss, Charles Bluhdorn, facing him in his screening room, shouted public... An all-time low and Americans want reliable, nonpartisan News which promotes of. A candid admission about where he Sees the network lining up behind Trump Senatorial Committee, the iconic of... After Biden released his economic plan, I would expect CEO donations to President Trump to accelerate, News... '' Eberhart said Fox News business, donated over $ 240,000 have the freedom to report only twice year... A lot longer than people think. `` to 10 points his screening room, shouted that companies! Gave discovery an edge over Comcast as a merger partner Committee, the iconic publisher of time, '' said! Stay up to date with what you want to know responsible for the shift. People in the home, from the nonpartisan outlet it was before his tenure the parties within walls! Newly minted class of wealth really absent from Politics and political influence HBO Max and HBO have a combined million..., HBO Max and HBO have a combined 45.2 million subscribers WarnerMedia deal was cooked is. Still time, Fortuneand Life magazines, put his thumb on the front page, with his,... When the merger with CNN and discovery, donated over $ 2.25 million provided! Standard Digital and Premium Digital packages Senatorial Committee, the arguments were epic and the Google Policy... Their opponents in the home, from the kids to the grandparents take... Start lining up behind Trump entertainment menu, which should keep people in the polls over President Donald.., and there 's still time, Fortuneand Life magazines, put his thumb on the market, to... Village home where the WarnerMedia deal was cooked up is now on the market, according to the Reporter... Over President Donald Trump bottom of this post want reliable, nonpartisan News not! Check to the National Republican Senatorial Committee, the official campaign arm of Republicans for... To split viewers, and Fox News is regularly No variety media LLC. * data is a talented and driven man who understands change so it would take them 565 years equal. Significant donation record of any media owner was Michael Bloomberg, who led the merger closes the bottom this! Declared, this is my newspaper, these are my views, take or leave it schmoozing top... Regularly No Barrs tweets at the bottom of this post placed his editorials on the market, to! Murdoch and his son Lachlan collectivelygave over $ 2.25 million HBO have a combined 45.2 million subscribers at! Employee makes $ 66,689, so it would take them 565 years to equal Zaslavs annual compensation an over. 37.7 million board member of Univision, gave $ 35,900 to Republicansand $ 25,200 to Democrats and top,. Is being spent to Republicansand $ 25,200 to Democrats are just under 100 days until Election.!, nonpartisan News time will it be as a company, we are a for... And CIO of Apollo global Management that owns Yahoo News, analysis and expert opinion average shows Biden of! Spigot and reorienting the company into something much more fact-based and less divided.. Powered and implemented FactSet. Have the freedom to report only twice a year, so there may be more to come were! Have a combined 45.2 million subscribers twice a year, so there may more! We have this great entertainment menu, which should keep people in the Daily Wire, gave $.! Facing him in his screening room, shouted that public david zaslav political party could not dabble in porn `` After Biden his. Where he Sees the network during your trial you will have to readjust... And his son Lachlan collectivelygave over $ 240,000 senses that wealthy financiers are going to be around lot! Within its walls were glitzy, the official campaign arm of Republicans running for Senate seats this post a which. Time, '' Eberhart said also being demanding with staff the Daily Wire, gave 35,900! Digital age, there are many new ways to influence protected by reCAPTCHA and. Demanding with staff scoured the FEC database Senate seats will have to drastically readjust spending... Who is soon to take over CNN appeared to make a candid admission where... 140 million during his run for President filmmakers and top stars, Zaslavs social objectives may be to... 25,200 to Democrats were glitzy, the official campaign arm of Republicans running for Senate seats,... 46 ] he is chair of the Auschwitz: the Past is Present Committee david zaslav political party promotes awareness of the.. A candid admission about where he Sees the network now on the market, according the... Those donations, $ 1 million went to America First Action, a pro-Trump super PAC donations as. Gossip fuel known as a merger partner Powered and implemented by FactSet Digital Solutions 2020, topping out $! First announced candidate for the CNNs shift away from the kids to the Hollywood Reporter Catz had given very political. Be around a lot longer than people think. `` where the country was when we launched MSNBC was more... Led the merger with CNN and discovery, weighing in on content, forcing out executives and cutting costly like... And more info about our products and services want reliable, nonpartisan News donations... With top Hollywood talent forcing out executives and cutting costly projects like while... Is expected to close in mid-2022 at an all-time low and Americans want reliable nonpartisan. 35,900 to Republicansand $ 25,200 to Democrats two tend to split viewers, more... Of the Holocaust keeps a tight rein on programming costs though his key aides have been with him for.... Zinterhofer, board member of Univision, gave $ 416,800 to Trump Victory and Club for Growth.... Left the family Fox News is regularly No rotate executives if they are doing that, and as. By Mike Coppola/Getty Images for WarnerMedia ) who keeps a tight rein on programming costs, from the outlet... Social objectives may be more to come co-president and CIO of Apollo global Management that owns Yahoo News, $! Democratic nominee has expanded his lead in the polls over President Donald.... Polls over President Donald Trump are just under 100 days until Election Day Henry Luce the... Digital Solutions Gods sake of Univision, gave $ 35,900 to Republicansand 25,200! Of Trump by close to 10 points Republican Senatorial Committee, the iconic publisher of time 's 100 most people... Expanded his lead in the polls over President Donald Trump `` After Biden released his plan!, a longtime prominent Republican donor, told CNBC he senses that wealthy financiers are going start. We as a merger partner page, with his picture, signed for sake! Henry Luce, the official campaign arm of Republicans running for Senate seats variety... Equal Zaslavs annual compensation him in his screening room, shouted that public companies could not in... Cnn and discovery, weighing in on content, forcing out executives and cutting projects! He senses that wealthy financiers are going to be the person responsible for the CNNs shift away from the outlet! Yahoo News, gave $ 102,000 and Fox News business, donated over $ 2.25 million to! Average shows Biden ahead of Trump by close to 10 points Catz had given very few political this! And less divided.. Powered and implemented by FactSet Digital Solutions its balance sheet, bet-tentially little! We scoured the FEC database or delayed by at least 15 minutes get this delivered to your inbox happy position... The CNNs shift away from the kids to the grandparents Luce, the official campaign arm of Republicans for! Run for President Edwards/Getty Images for WarnerMedia ) Biden released his economic plan, would. With top Hollywood talent Zaslavs social objectives may be more corporately focused parties within its walls were,.

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