. They are doing that, and there's still time," Eberhart said. Warner Bros. He was excited by entertainment law at Boston University, 4. [9][10][47] In 2012, he received the Steven J. Ross Humanitarian Award from the UJA-Federation of New York[48] which honors people of vision, energy and sustained achievement in the entertainment, media and communications industries. 'I told him, 'If you have done nothing that you believe was wrong, don't resign,' Cuomo told investigators. Malone describes himself as a libertarian although he travels in rightwing Republican circles. 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 is expected to name Zuckers permanent replacement when the merger closes. America needs a news network where everybody can come and be heard; Republicans, Democrats, Zaslav said. Discovery Communications/President & Ceo. . Aug 20, 2022. Zaslav helped Wright get NBC into the cable field with the development of CNBC and MSNBC. "It's clear Team Trump needs to break the glass and pull the fire alarm. Keep following the money. The anti-democracy movement in America (as elsewhere) is among the biggest issues confronting us today. Sinai Medical Center. 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. 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. David Zaslav, now 56, has achieved success in both professional and personal levels. Zaslav has been prodding Licht to reposition CNN to the center, and be a network preferred by everybody Republicans, Democrats. [35][36] Zaslav's executive compensation package includes an annual salary of $3 million with an annual $22 million bonus. He loves honey, is kind to everyone, and has a friend who is a striped tiger named Tigger. S. I. Newhouse School of Public Communications, "Discovery Communications 2011 Proxy Filing", "AT&T announces $43 billion deal to merge WarnerMedia with Discovery", "Discovery Chief Got Options Valued at $190 Million on Eve of AT&T Deal", "Discovery Hands CEO David Zaslav Stock Options Valued At $190M In Contract Extension; Sets Base Salary At $3M, Target Bonus At $20M Update", "Compensation Information for David M. Zaslav, President and Chief Executive Officer of DISCOVERY INC", Variety Magazine: "Industry Heavyweights Support Auschwitz 70th Anniversary Commemoration" by Cynthia Littleton, Jewish Business News: "Steven Spielberg And David Zaslav Commemorate Auschwitz Liberation 70th Anniversary", Algemeiner Journal: "Hollywood Heavyweights to Join Spielberg at Auschwitz Commemoration Ceremony in Poland", The Cable Center: "David Zaslav: Oral and Video Collection Interview", "David Zaslav 2004 Oral and Video History", "10 Things You Didn't Know About David Zaslav", "MIPCOM: Discovery CEO David Zaslav Celebrated as Personality of the Year", http://corporate.discovery.com/wp-content/uploads/2015/08/DZ-bio-8.7.15.pdf, "New Chief at Discovery Is 2nd Senior Executive to Leave NBC This Week", "Manhattan Jewish Historical Initiative, 4th Annual Jewish Hall of Fame Class of 2020 | World Liberty TV - Multicultural Online TV", "David Zaslav, President and CEO, Discovery Communications", "Zaslav Holds To Growth Plan At Discovery", "Planet Green Moves Away From Its Eco Theme", "Tuned In: The Hub Network Offers Programs for Younger Children", "Discovery, Winfrey to Team Up On Network", "TCA: Discovery Sets Launch Date For Velocity, Adds Big Names to 'Curiosity', Preps Science Channel's 'Trek Nation', Introduces 'Weed' Team", "Discovery Launches Velocity Channel, Aimed at Rich Men", "Discovery Hopes for Payoff on Crime Channel", "Discovery Closes Scripps Acquisition, Creating Non-scripted Content Giant", "Media Companies, Seeing Profit Slip, Push Into Education (Published 2012)", "Discovery Rebrands Velocity as Motor Trend Network (EXCLUSIVE)", "Discovery completes Scripps deal, targets OTT opportunities", "David Zaslav And John Stankey Outline Plans For Merging Discovery And WarnerMedia, Addressing Future Of Jason Kilar, CNN, Streaming", "Warner Bros. DISCA runs 13 cable stations in the United States including Animal Planet and TLC. for their coverage of . Joint ventures of DISCA include unions with OWN, the cable channel of Oprah Winfrey, and Hasbro. CNNs ratings are as bad as local news ratings., New management isnot freaking out but everyone else at CNN is, the source added. In the last 48 hours Warner Bros. Discoverys CEO David Zaslav has been painted as a villain. But CNN is never going to be the network preferred by Republicans. Discovery CEO David Zaslav dropped his usual quota of names during the company's quarterly earnings call John Malone, Jack Welch, Oprah but one name didn't come up: Jeff Zucker.. That Saturday was also the worst-rated since 1993, which pre-dated CNNs top competitors Fox News and MSNBC. 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. Zaslav decided to study law at Boston University. Discovery CEO David Zaslav said Friday on CNBC that he had nothing to do with Jeff Zuckers CNN exit. 'Being that WarnerMedia's standards of business conduct require disclosure of relationships that develop with a boss and subordinate, Zucker's goose was officially cooked,' the report added. 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. Discovery. Zaslav's plan is to focus on making as much money as cheaply as possible. Discovery CEO David Zaslav raised the curtain on the combined Warner Bros. Apart from being praised for turning Discovery into an international powerhouse, not much is known about David's private life. Later, Zaslav would teach a graduate course in cable television business as an adjunct professor at Fordham University. Mr. Zaslav DISCA stock SEC Form 4 insiders trading. We have estimated David Zaslav's net worth, money, salary, income, and assets. In the last 48 hours Warner Bros. Discovery's CEO David Zaslav has been painted as a villain. On Wednesday, Stelter said that sources told him that Cuomo was 'trying to burn the place down' and had claimed that he had 'incriminating evidence about Zucker and Gollust. At a recent party, guests included television executive Len Moonves, TV personality Ryan Seacrest and New York governor Andrew Cuomo. Wright responded and, in 1989, NBC Universal hired Zaslav to help build NBCs cable operations as a lawyer for the cable division of NBC and the companys head of Cable Business Development. . 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. Zaslavs negotiating expertise and vision of the future of cable television helped forge his career in the broadcast industry. AP At this writing, shares in Discovery, Inc. traded just north of $24. This story has been shared 130,478 times. Discovery CEO David Zaslav "Is An Imbecile And His Cowardice Is Breathtaking" While a level of sadness and anger in response to a long-awaited release is standard, these particular fans took things to the next level and began blaming the loss of these animated projects to Zaslov . Excited by entertainment law, Zaslav was happy to have the opportunities to work with cable television companies which were still in their infancy stage at the time. David Zaslav has a net worth of $200 million. Zaslav got a bit of a break when his firm sent him to work as counsel at the Discovery Channel. After graduating from high school, David Zaslav went to Cornell University to play tennis. ', Nevertheless, the remark went viral, prompting mirth and mockery from both the left and the right, with one Twitter user remarking: 'Bias confirmed. Sign up for free newsletters and get more CNBC 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.". Last week,Discovery reportedit had reached 20 million paying streaming subscribers worldwide by the end of September. [12] At the age of 8, he moved to Rockland County where he graduated from Ramapo High School. 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. The reason? 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. Zucker's leadership of CNN since 2013 saw the network lurch farther to the left, particularly after the political rise of former President Donald Trump. ', '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.'. Parties. Fox News positions itself as a conservative-leaning network, serving those on the political right. As David Zaslav prepared to take over Warner Bros. Where the country was when we launched MSNBC was much more fact-based and less divided.. Mutual Fund and ETF data provided by Refinitiv Lipper. 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". 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. That tells us a very different story than whats come out in the media. CNBC then cut away from Zaslav for breaking news on the January jobs report but came back to the Discovery honcho afterwards. RYE BROOK, NY. But the left-leaning networks ratings slide began well before new management took over. We have this great entertainment menu, which should keep people in the home, from the kids to the grandparents. David has made over 19 trades of the Discovery Inc stock since 2009, according to the Form 4 filled with the SEC. 'READ THIS,' Cuomo said. Zasav liked the mixture of educational opportunities and a fun college experience that he saw at Binghamton. Warner Bros. David Zaslav Biography (Biografia) Wiki (wikipedia), Family (Parents), instagram, Height political affiliation is available in this article. Married with 3 children, his kids laugh at his Sirius station choices, Bruce Springsteen and the 1970s Station. 20:55 GMT 04 Feb 2022. Given six seats on the new company's board, Zaslav and Discovery appointed a roster of all white male directors. As for Hasbro, Zaslav saw the potential to reach children with educationally tied programming. 2023 CNBC LLC. 20:31 GMT 04 Feb 2022 Discovery's CEO has sparked confusion by calling CNN 'a leader in news to the left' ahead of his company's acquisition of the network, though it appears to have been awkward phrasing to describe the company's portfolio, rather than political leanings. [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. 2007 and 2009 was taken into account for this list merger . 2. . "From my perspective, news is going to be a critical element," Zaslav said. Mediaite, which initially reported on the comment as a political remark, later issued a correction to clarify that 'Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. August 1, 2022. But he was reportedly given no choice by WarnerMedia CEO Jason Kilar, who characterized the change as his decision at an emotional meeting with CNN Washington staff members on Wednesday night. Biden and the Democratic National Committee outraised their opponents in the second quarter. 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. He managed to triple revenues, generate 57 per cent profit . 'I would never do oppo research on anybody alleging anything like this,' he told investigators. AP. 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. Zaslav counts among his friends, Oprah Winfrey, Lloyd Blankfein (Goldman Sachs CEO) and Colin Powel (former Secretary of State). Is it a good one? Last November, Zaslav told Deadline that he would take a hands-on approach at CNN and other WarnerMedia properties. CNBC posted a clip of the exchange on Twitter, but later deleted it. 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. For legal reasons, Discovery must avoid getting involved with WarnerMedia until the deal has been approved by the U.S. government. ', CNN then hit back, saying: 'He has made a number of accusations that are patently false. The report did not mention whether any specific CNN anchors were under particular scrutiny, but it did note that Stelter and Jim Acosta were among the personalities whose left-leaning viewpoints have drawn the ire of conservatives. Discussions centered around Andrew Cuomo stepping down prompted the governor to consider doing so in March, Cuomo said. Were running our business," Zaslav said. [2] Zaslav spearheaded the transaction between AT&T and Discovery to combine with WarnerMedia and create the combined Warner Bros. One of his favorite books is Binions World Series of Poker by James McManus. Further details about the allegation were unclear. I think youre seeing more of that at CNN. Lloyd Blankfein. Zaslav also rejected rumors about the potential role of John Malone, a billionaire Trump donor, who is the CEO of Liberty Media, Discovery's largest shareholder. Discovery is almost five months old and the stock price has plunged by half as CEO David Zaslav navigates the shifting streaming wars, new Hollywood headaches, and unrest at news . [50], In 2017, Zaslav was inducted into the Cable Hall of Fame. '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. Sun Pacific Power Corp; Street Smart Outdoor Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Zaslav, however, did tip his hand as to how he views CNN's political orientation, a view that seems to align with comments made last year by Malone, who has been openly . Discovery CEO David Zaslav addressed the company's controversial decision this week to cancel releases for " Batgirl " and "Scoob! RELATED: Anonymous Batgirl Actor Allegedly "Very Offended" Over Film's Cancellation, Says Warner Bros. In the interview, which was closely watched as Zaslav made his first public comments since the ouster of CNN boss Jeff Zucker, the Discovery CEO was describing the new company's portfolio of offerings. Overall, I think wed be better off if we just had news networks, but we dont.. Malone also wants the news portion of CNN to be more centrist. When you follow the money behind deeply irresponsible decisions at the power centers of America today, the road often leads to rightwing billionaires. Follow the money. Making purchases through these links helps support the site. Quotes displayed in real-time or delayed by at least 15 minutes. He is from American. [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. CNNs Reliable Sources hosted by Brian Stelter notched its lowest-rated month since June 2001, bringing in 79,000 demo viewers and 585,000 average total viewers. Its more likely that Licht knew what Zaslav wanted, and Zaslav knew what Malone wanted. [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. For now, a trio of CNN executives will assume Zuckers responsibilities at the network. 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. All rights reserved. Its unlikely that Malone instructed Zaslav to tell Licht to fire Stelter. 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. They want to fix the shows first, but they dont realize the shows and ratings are connected.. Structural Info. (Photo by Mike Coppola/Getty Images for WarnerMedia) (Getty Images). Definitely to the left. Of those donations, $1 million went to America First Action, a pro-Trump super PAC. This . ", JEFF ZUCKER OUT AT CNN AFTER FAILING TO DISCLOSE CONSENSUAL RELATIONSHIP WITH COLLEAGUE: I WAS WRONG. CNN's political stance is a source of frequent scrutiny in the news industry. Zaslavwill lead the combined company called Warner Bros. Discovery Inc. Chief Executive David Zaslav told employees that he wants CNN to focus on maximizing its impact, not profitability, and set itself . ', The comments below have not been moderated, By Zaslav's remarks come just days after the spectacular ouster of CNN boss Zucker, who resigned under a cloud this week. 1. In a matter of months, the $1.7 billion global news gathering operation will be run by Discovery, whose acquisition of CNN parent WarnerMedia is expected to pass regulatory approval and close as . The CEO, whose company owns CNN, Warner Bros., HBO, Animal Planet and TLC, told reporters at Allen & Co.s summer camp for billionaires in Sun Valley, Idaho, that CNNs new approach will pay off in the long term, even as ratings sink to historic lows. [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. Dan Eberhart, a longtime prominent Republican donor, told CNBC he senses that wealthy financiers are going to start lining up behind Trump. "CNN is a fantastic asset, I cant wait to get in there. The PAC and Victory fund are also Jeffries. Powered and implemented by FactSet Digital Solutions. But the unearthed texts detailed Cuomo's true role in his brother's public relations crisis as he told senior members of the governor's team, 'we are making mistakes we cant afford.'. Currently, DISCA is present in 200 countries and territories. Under new chief Chris Licht, CNN will dial down the prime-time partisanship and double down on the network's news-gathering muscle, top sources tell me. Get this delivered to your inbox, and more info about our products and services. The popular host's downfall came when documents revealed how heexchanged dozens of text messages with his brother Andrew's top aide, Melissa DeRosa. Longtime Discovery chief David Zaslav, who will soon oversee CNN as part of his company's merger with WarnerMedia, called his future competitor Fox News Channel "much more of an advocacy . Warner Bros. With over 10 years experience he's covered businesses, CEOs, and investments. Brian Flood is a media reporter for Fox News Digital. Market data provided by Factset. JIM RISCH FOR U.S. SENATE COMMITTEE - Republican, NCTA - THE INTERNET AND TELEVISION ASSOCIATION POLITICAL ACTION COMMITTEE (NCTA PAC), Discovery Communications Llc/Discovery Communications Llc/President And Chief Executive Officer, Discovery, Inc/Discovery, Inc/President And Ceo, Discovery, Inc./Discovery, Inc./President, Discovery Communications/Discovery Communications/President & Ceo, Discovery, Inc./Discovery, Inc./President And Chief Executive Officer, Discovery Communications/Discovery Communications/Ceo. [16], Zaslav joined NBC in 1989. DISCA has brokered deals with foreign cable and broadcast companies which has helped to expand the companys international presence. 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. Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. 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. Zucker abruptly resigned this week after admitting he failed to properly disclose his relationship with another senior executive, CNN chief marketing officer Allison Gollust. We must make sure we dont give platforms to those who are lying to our faces.. 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. Chris was fired from CNN for helping Andrew through a sexual misconduct scandal and in the messy fallout from his departure, the affair between Zucker and Gollust has surfaced. 'I will not resign. The details about his parents and siblings are not disclosed in any source. Discovery CEO David Zaslav made the awkward remark in interview on Friday. Keith Griffith For Dailymail.com, Is this the end of CNN's left-wing bias? Contribution Totals: Download all contribution records for this person from 1999 to present To a Spreadsheet or Other File Type: 2020 Transaction Count/Amount: 12/$253,250: 2018 Transaction Count/Amount: 15/$148,300: 2016 Transaction Count/Amount: We want to hear from you. Warner Bros. David Zaslav, president and CEO of Discovery Inc., revealed today his impending executive leadership picks as WarnerMedia and Discovery finalize the terms of their merger. After his Freshman year, he transferred to Binghamton University in Binghamton, New York. He negotiated deals with Comcast, Time Warner and Direct TV. Discovery in April, hired Chris Licht as head of CNN, following the ouster of Jeff Zucker earlier this year. 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.