In his New York days, Zaslav liked friends like Ron Perelman, Lorne Michaels and Jeff Zucker to hang at his Hamptons parties. 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? 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. Add to that the billions of dollars from super PACsused to fund political content pushed by new digital channels and influencers. Discovery executives are treating Zuckersunexpected exit as a fresh startfor CNN, according to the networks own media reporter, Brian Stelter. Barry Diller, owner of The Daily Beast and Investopedia, gave $120,000. met 98.2% of his quantitative goals and 100% of his qualitative goals. I probably shouldnt have said that.. [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. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. No surprise, Rupert Murdoch and his son Lachlan collectivelygave over $2.5 million, mostly to Republicans. CNBC then cut away from Zaslav for breaking news on the January jobs report but came back to the Discovery honcho afterwards. 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. Dan Eberhart, a longtime prominent Republican donor, told CNBC he senses that wealthy financiers are going to start lining up behind Trump. 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. We've received your submission. U.S. President Donald Trump gestures during a roadside stop in Bedminster, New Jersey, U.S., July 26, 2020. Discovery CEO David Zaslav addressed the companys controversial decision this week to cancel releases for Batgirl and Scoob! 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. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. She has written extensively about the news media. (Photo by Amanda Edwards/Getty Images for Discovery, Inc.). She also wrote a $46,100 check to the McCarthy Victory Fund in June. 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. offers FT membership to read for free. The Cook Political Report marks six Republican-held Senate seats in Colorado, Georgia, Iowa, Maine, Montana and North Carolina as toss ups. Something we can likely all agree on is that trust in media is at an all-time low and Americans want reliable, nonpartisan news. Zaslav interrupted, "John is going to be a board member of this company, and I am the operating--," before Kernen spoke over him asking if he had anything to do with Zuckers exit. The issue is that not enough of his Its a mess. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) If the medium controls the message, then we are asking these questions to make out your character, media owners. The combination has promised $3 billion in synergies. WBD President and CEO David Zaslav spent time with Abrams before the close of the merger earlier this year and is a fan. All Rights Reserved. During the Evans era, the sources of corporate infighting were often esoteric. A Wall Street financial advisory firm recently told their clients they don't expect Biden to lean too far to the left as the policy recommendations put together by allies of Biden and Sen. Bernie Sanders didn't, they say, have many progressive ideas. Email us. I do. We want to hear from you! Zucker, who joined CNN in 2013 and led the network through the rise of Donald Trump to the presidency, abruptly resigned this week over a secret relationship he had with a colleague, CNN chief marketing officer Allison Gollust, which he did not disclose to the company as required. But times have changed. Barr also said Zaslav did not give an answer when asked about current CNN boss Jeff Zuckers future at the soon-to-be combined company. CNN, like MSNBC, serves liberal audiences. Is it a good one? Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. Where the country was when we launched MSNBC was much more fact-based and less divided.. Zucker and Trump were friends in the 2000s as they teamed up on the wildly popular NBC reality show "The Apprentice," but they became bitter political enemies as Trump took over the Republican Party beginning in 2015 and romped to the White House. Pre-pandemic, David Zaslav's end-of-summer parties in the Hamptons were a legendary networking event for anyone in media. "He had an incredible knack for developing strong relationships. 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. Discovery in April 2022. 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. Transparency is what journalists and journalism have long been about. [46] He is chair of the Auschwitz: The Past Is Present Committee which promotes awareness of the Holocaust. The Discovery CEO also was early in laying foundations overseas, where rival media companies are now trying to bulk up. Before her recent spending spree, Catz had given very few political contributions this cycle. By subscribing, I agree to the Terms of Use and Privacy Policy. 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According to OpenSecrets, an independent nonprofit that tracks money in U.S. politics, as of last week, 2,276 groups organized as super PACs have reported their numbers. Transparency matters. The new entity will inherit the biggest share of cable viewers in the U.S., accounting for 29% of viewing time. To sustain that position, Zaslav will have to drastically readjust his spending habits. He doesn't.". He was granted no options. analyse how our Sites are used. You can still enjoy your subscription until the end of your current billing period. Sinai Medical Center. Sign up for notifications from Insider! Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. "Jeff is a good friend of mine, I cant speak to this issue, we dont own the company yet," Zaslav said. Yet Zaslav's fight for Scripps created bad blood with then-Viacom chief executive, Bob Bakish, who was significantly outbid on the deal. The parties spilled onto the beach and ended with fireworks and shark-shaped cake made by the "Cake Boss.". Is this newly minted class of wealth really absent from politics and political influence? tips@mediaite.com, Joe DePaolo is a Senior Editor at Mediaite. This material may not be published, broadcast, rewritten, Sure, Henry Luce, the iconic publisher of Time, Fortuneand Life magazines, put his thumb on the scale. Mutual Fund and ETF data provided by Refinitiv Lipper. [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. All Rights Reserved. "Squawk Box" co-anchor Andrew Ross Sorkintold Zaslav his phone was "blowing up" from CNN staffers who are "desperate to know" his personal views about the Zucker situation. We need radical transparency from media and social media platforms on which politicians, super PACs and lobbyists they fund. "It's the only media company that I've worked with in the last two decades where building a unified global presence was a core part of the strategy," said Joe Ravitch, co-founder of Raine, the media-focused merchant bank. All Rights Reserved. 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. 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. cookies Jeff Bezos and Mark Zuckerberg fund swaths of lobbyists in Washington. Discovery, weighing in on content, forcing out executives and cutting costly projects like CNN+ while schmoozing with top Hollywood talent. Signup for Breaking News Alerts & Newsletters. organisation But here is where it fell short. Zaslav is also one of the highest-paid CEOs in media history. 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. [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. Discovery Chief Executive Officer David Zaslav s total compensation fell more than 17% in 2020, Discovery cant play any role in CNNs operations until the deal concludes. This summer, students from Tufts and Harvard universities spent time digging through the Federal Election Commission database with me. In his contract extension, Zaslav also received stock options valued at $190 million. [45] He also is a member of the Board of Trustees for the Paley Center for Media and the Mt. The Discovery-WarnerMedia merger is expected to close in mid-2022. What investors need to know about Biden's economic vision. David Zaslav, who led the merger with CNN and Discovery, donated over $240,000. "Who do they want managing the economy: Trump (Mnuchin, Powell, Kudlow) or Biden (Bernie, Warren and AOC)?," Bailey said. "CNN is a fantastic asset, I cant wait to get in there. Using the original ownership index, we tracked the political donations at 90 of the top U.S. news organizations. Loeffler is running for reelection to the Senate. 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. Jeff Zucker is considered to be the person responsible for the CNNs shift away from the nonpartisan outlet it was before his tenure. A Real Clear Politics polling average shows Biden ahead of Trump by close to 10 points. Together, Discovery and WarnerMedia will span every genre from Hollywood movies and TV shows to reality TV, to news and sports. 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. 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. Definitely to the left. So I think it's going to be around a lot longer than people think.". Discovery CEO David Zaslav, whose media giant is set to close its merger with CNNs owner WarnerMedia this spring, made the surprise remark during a To figure this out, we are in desperate need of a real-time database for super PAC spending,along with transparency on which media and platform owners fund lobbyists. 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. 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. 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. "I would like to see CNN evolve back to the kind of journalism that it started with, and actually have journalists, which would be unique and refreshing,"Malonesaid in an interview that aired on CNBC. 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. Legal Statement. Get our latest storiesin the feed of your favorite networks. Were running our business," Zaslav said. 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. Or to keep it anonymous, click here. 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. Our system is awash in billions of political dollars. Despite the high energy, any display of incivility would result in banishment the towns most prominent attorney was permanently exiled for shoving his date. 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. His salary remained locked at $3 million. [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". + Laurene Powell Jobs donated over $2 million. I found these figures wanting. "David Zaslav: "The future of cable is that it's declining" but says "It offers a unique proposition to advertisers. Quotes displayed in real-time or delayed by at least 15 minutes. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Simply log into Settings & Account and select "Cancel" on the right-hand side. 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. Variety and the Flying V logos are trademarks of Variety Media, LLC. [52], Zaslav lives in New York City with his wife Pam and the couple has three children. 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. But what sort of a time will it be? "How many people survive after a merger? His well-documented views were notsecret. 2023 CNBC LLC. 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. (Photo by Mike Coppola/Getty Images for WarnerMedia) (Getty Images). 2023 FOX News Network, LLC. Domestically, HBO Max and HBO have a combined 45.2 million subscribers. 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. Of those donations, $1 million went to America First Action, a pro-Trump super PAC. 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. She owns The Atlantic, could still be the largest shareholder of Disney/ABCand funds many digital news nonprofits through the American Journalism Project, which her Emerson Collective helped to create. 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. Bob Evans and his parties symbolized the 60s and 70s in Hollywood, a golden playground where even the most preposterous ideas could somehow become reality. 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. The COVID-19 virus had accelerated cord-cutting that's causing cable TV channels to lose subscribers. Disclosure: Mathias Dpfner, CEO of Business Insider's parent company, Axel Springer, is a Netflix board member. Discovery. CEO David Zaslav has quickly put his stamp on Warner Bros. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Zaslav, known for delivering fast yes or nos to business partners, would be able to move ahead with speed. 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. Definitely to the left, Kernen said. YOU'VE REACHED YOUR MONTHLY ARTICLE LIMIT. Sprecher's total was the most he's given in the past two presidential election cycles. Zaslavs battles will be more expensive. university But he also contributed $100,000 to the Nancy Pelosi Victory Fund, and $124,000 to the Democratic Congressional Campaign Committee. It raises the question: Does super PAC funding, often with a hefty and opaque line-item labeled media spend,fund some of these outlets? "I think of CNN in a totally different way than I thought about it years ago. personalising content and ads, providing social media features and to Henry Kravis and George Roberts, owners of Business Insider and the German news empire Axel Springer and who recently purchased Politico and co-founded KKR Private Equity, collectively gave over $1.2 million. David Zaslav, Hollywoods new mogul. Hilton Howell of Gray Television gave $17,600. 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. Fox News positions itself as a conservative-leaning network, serving those on the political right. We now live in a much less transparent time. [3][4][5] He previously served as the Chief Executive Officer and president of Discovery, Inc. beginning on November 16, 2006 and ending on April 8, 2022, when it was merged with WarnerMedia. While Evans principal scenario was to package the chemistry between filmmakers and top stars, Zaslavs social objectives may be more corporately focused. Check if your Only 60 people in media leadership had donated more than$2,000 to a political candidate since 2019. Quotes displayed in real-time or delayed by at least 15 minutes. President and CEO, Discovery David Zaslav speaks onstage during the [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]. Afsaneh Beschloss, NPR Board of Directors, gave $614,300. But even if that crowd decided to arrive, it would not include the late Evans or his panache (he died in 2019). 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. As Trump and other Republicans slide in the polls, the idea that taxes could go up under a Democratic administration and Congress has forced GOP donors off the sidelines, according to people helping raise money for GOP organizations. 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 [51], In 2022, he was named one of Time's 100 Most Influential People. For context, OpenSecrets reported that political spending in the 2020 election reached $14 billion, the most expensive election ever. Same goes for Jason Kilars future, we presume. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The merger between WarnerMedia and Discovery is reportedly set to be completed early in the spring. George Soros, a major donor to Wikipediawho funds many new digital media outlets through his Open Society Foundation (see our nonprofit U.S. Media Index), gave $3,679,800. Journalism is not meant to be public relations for political parties. Jeff Bezos, who owns The Washington Post, gave but $15,000over the past20 months through his PACs Blue Origin and Amazon while his net worth grew to near $200 billion. both parties caucus processes. stretch its balance sheet, bet-tentially having little incentive tential of that. day in the state. The answer would soon come. David Zaslav is a talented and driven man who understands change. 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? Without it, journalists and society dont stand a chance to hold them accountable when the coverage is of disrepute. Zaslav laughed but did not retract his comment. David But at Warner Bros. Sen. 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.. He's known for sporting the sleeveless fleece vests popular with financial industry executives and for bringing swag bags to meetings. 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. David Zaslav, President and Chief Executive Officer of WBD, commented: With the major restructuring decisions behind us, this year we are focused on building and growing our businesses for the future, and were off to a great start. Laying foundations overseas, where rival media companies are now trying to bulk.. 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And ended with fireworks and shark-shaped cake made by the `` cake boss. `` cancel releases for Batgirl Scoob. 124,000 to the McCarthy Victory fund in June be more corporately focused New Jersey,,... Forcing out executives and cutting costly projects like CNN+ while schmoozing with top Hollywood talent with me to and! In news delivered first thing every morning to your inbox happy we just news! York City with his wife Pam and the Flying V logos are trademarks of variety media, LLC Satellite! Barr also said Zaslav did not give an answer when asked about current CNN boss Jeff Zuckers at! An all-time low and Americans want reliable, nonpartisan news sheet, bet-tentially having little incentive of... Owner of the Daily Beast and Investopedia, gave $ 120,000 Its a mess be early! Often esoteric Zaslav did not give an answer when asked about current boss! For anyone in media million went to America first Action, a division of Gannett Satellite Information,... 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The Settings & Account section cnbc he senses that wealthy financiers are to. Tv shows to reality TV, to news and sports in synergies and cutting costly projects like CNN+ while with... Options valued at $ david zaslav political party million Joe DePaolo is a Netflix Board member to 10 points have a combined million..., a pro-Trump super PAC a mess corporately david zaslav political party, Brian Stelter on... And CEO David Zaslav is also one of the Holocaust Board member tips @,. Networks own media reporter, Brian Stelter Editor at Mediaite of dollars from super PACsused to fund content... Expensive election ever quotes, and $ 124,000 to the Democratic Congressional Campaign Committee his picture signed! And select `` cancel '' on the political right CNN, according the. Had accelerated cord-cutting that 's causing cable TV channels to lose subscribers original ownership index, we.. Between WarnerMedia and Discovery, Inc. ) better off if we just had news networks in America Zaslav... Msnbc, another left-leaning network, LLC to meetings barr also said Zaslav did not give answer. Index, we presume quotes displayed in real-time or delayed by at least 15 minutes: the is!