However, in November last year after news of the impending merger was announced, Malone made it clear that he was not a fan of the direction CNN had gone in under Zucker, who took the helm in 2013. 2023 CNBC LLC. By clicking submit, you agree to share your email address with the site owner and Mailchimp to receive emails from the site owner. (Photo by Mike Coppola/Getty Images for WarnerMedia). ', '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.'. He enjoyed sports and loved to play tennis as a child. He is chairman for Auschwitz: The Past Is Present Committee. Listen to article. ", 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.". The highest CEO in the United States, his salary in 2015 was $156,000,000. Zaslav was cut off and did not finish his thought, but a spokesperson for Discovery told the New York Post that he was not using the term 'left' in the political sense, but rather to organize his conversation about Discovery's portfolio. Zaslav is a member of several boards including Sirius XM Radio, Lions Gate Entertainment, National Cable and Telecommunications Assoc., The Cable Center, Grupo Telviso, and USC Shoah Foundation. I think Chris is doing a great job pivoting CNN, Zaslav told Variety. [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. 2007 and 2009 was taken into account for this list merger . : Holiday Haunt," during the company's Q2 . 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. Discovery cant play any role in CNNs operations until the deal concludes. 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. ', In the intervew, Zaslav praised CNN, saying that the cable network 'has the greatest group of journalists in the world. November 10, 2021 7:10am. "Jeff is a good friend of mine, but I can't speak to this issue," he told CNBC. [2] Zaslav spearheaded the transaction between AT&T and Discovery to combine with WarnerMedia and create the combined Warner Bros. Kernen raised 'conjecture that John Malone is behind the curtain' in Zucker's ouster, Zaslav replied: 'None of us had anything to do with it. He is on the board of directors of the Cato Institute. This necessitates judgment and values. $200 Million. His testimony was subject to the penalty of perjury. His responsibilities extended to Bravo, CNBC World, SCI FI, ShopNBC, Sleuth, Telemundo, Telemundo Puerto Rico, mun2, Trio, Universal HD, USA Network, NBC Weather Plus and the Olympics on cable. [51], In 2022, he was named one of Time's 100 Most Influential People. On this Wikipedia the language links are at the top of the page across from the article title. But one well-placed source told The Post that the ratings have taken a hit due in part to removing such sensational and delicious details that have become commonplace in cable news. So, how much is David Zaslav worth at the age of 62 years old? Under Licht, CNN has dialed back usingthe breaking news banner on its reports in order to shift away from opinion-based programming. 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. When Zaslav joined Discovery in 2007, the financial crisis was looming, and Netflix was about to start streaming. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. LIBERTY MEDIA CHAIRMAN CHIDES CNN TO 'ACTUALLY HAVE JOURNALISTS' FOLLOWING AT&T-DISCOVERY MERGER, "None of us had anything to do with it. The contract, which includes stocks and stock options includes a $3 million base salary with $6 million in bonuses. The prime time program Steals and Deals was a hit. The Discovery-WarnerMedia merger is expected to close in mid-2022. According to sources cited by Rolling Stone on Thursday, the pair breached journalism ethics to help Cuomo behind the scenes in the same way that his younger brother Chris did. (CNBC Screenshot). Its required. He negotiated deals with Comcast, Time Warner and Direct TV. "Zas," as he is known to friends, spent the first two decades of his career at NBC, where he helped launch CNBC and MSNBC before taking the helm at Discovery in 2007. Its more likely that Licht knew what Zaslav wanted, and Zaslav knew what Malone wanted. ', The CNBC host, chuckling, then apologized and withdrew his comment, saying 'I probably shouldn't have said that.'. 'We're the leader in news to the left,' he said ahead of merger with CNN. Cuomo's spokesman denied the claim, saying: 'These apparently anonymous allegations are not true.'. It was cancelled by Chris Licht, CNNs new chairman and CEO, who reportedly was not a fan of Stelters opinionated style. The year 2020 expects the fiercest competition to come from the streaming services memo sent out Warner!, More & quot ;, he receives david zaslav political affiliation annual salary of $ 150 million for his.., generate 57 per cent profit that you choose to associate with to a party. So maybe Zaslav isn't offended by the transparent political bias of CNN. He on March 12 sent her a text, dictating how the governor should respond to calls for his resignation. [13][14] He was captain of the varsity tennis team.[15]. A Real Clear Politics polling average shows Biden ahead of Trump by close to 10 points. Just when you think that youve negotiated a fair price, and the paperwork for financing has, Read More 20 Things You Didnt Know about TrueCarContinue, The brain plays a vital role in almost all aspects of physiology. He went to college to play tennis. don't wanna make things that are political, topical, alienate Middle . 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. Fox News positions itself as a conservative-leaning network, serving those on the political right. Legal Statement. Although a diligent law student, during his 3 years in Boston, Zaslav had a good time. 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. Got a confidential news tip? Donald Trump and MAGA loyalists are calling actor and filmmaker Rob Reiner a "meathead" for his praise of President Joe Biden's administration, seemingly unaware (or potentially disregarding . I don't tolerate a lot of oppo research on any level. 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. New programming developed under Zasav included Planet Earth, Life, Frozen Planet, and North America. The largest donation made to a political party by a Discovery employee was by David Zaslav. 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. Malone is a supporter of Zucker's most emboldened enemy, Donald Trump. Malone describes himself as a libertarian although he travels in rightwing Republican circles. Net Worth. Zaslav has been prodding Licht to reposition CNN to the center, and be a network preferred by everybody Republicans, Democrats. 'I would never do oppo research on anybody alleging anything like this,' he told investigators. Zucker said he was leaving for violating corporate policy by not disclosing the nature of his relationship with his second-in-command, Allison Gollust. 'I will not resign. 1. Zaslav's executive compensation package includes an annual salary of $3 million with an annual $22 million bonus. I am in a different position and I am working with a different standard than these other politicians I understand why they have to say what they are saying. Its unlikely that Malone instructed Zaslav to tell Licht to fire Stelter. Discovery CEO David Zaslav made the awkward remark in interview on Friday. [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. 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. Given six seats on the new company's board, Zaslav and Discovery appointed a roster of all white male directors. And while Cuomo was placed on leave after evidence from James' office proved just how involved he was in trying to quash his allegations against his brother, he was ultimately fired days later when a lawyer contacted the network with a sexual harassment allegation stemming from his previous job at ABC. The details about his parents and siblings are not disclosed in any source. 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. Follow the money. The CEO of Discovery, David Zaslav, appeared on CNBC Friday in an interview discussing the company taking over CNN and allegedly misstated that the network was the leader in news to the left when . He enjoyed sports and loved to play tennis as a child. Before her recent spending spree, Catz had given very few political contributions this cycle. ', When asked to define 'oppo research', he said: 'the idea of trying to find ways to disparage people who come forward with allegations like this is not what I'm about.'. Robert Reich, a former US secretary of labor, is professor of public policy at the University of California, Berkeley and the author of Saving Capitalism: For the Many, Not the Few and The Common Good. Were running our business," Zaslav said. Discovery and has publicly committed to keeping CNN after the merger. Early last spring, Stelter wrote in his newsletter that Malones comments about CNN stoked fears that Discovery might stifle CNN journalists and steer away from calling out indecency and injustice. At the time, they were competing with Headline News and CNN. 'We have this great entertainment menu, which should keep people in the home, from the kids to the grandparents. We want to hear from you. They developed the Consumer News and Business News Channel which focused on business news by day and consumer news by night. Why it matters: Ratings are secondary to credibility, in the view of Warner Bros. 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 . August 1, 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. Discovery in April 2022.. Zaslav's executive compensation package includes an annual salary of $3 . Discovery in April 2022. [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]. Zaslav, who took the helm of Discovery and WarnerMedia after it merged to form Warner Bros. 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. In total $48,200 has been contributed to 11 entities total. Sign up for free newsletters and get more CNBC delivered to your inbox. David M Zaslav is President/CEO at Warner Bros Discovery Inc. See David M Zaslav's compensation, career history, education, & memberships. This site contains affiliate links, which means that if you click on one of the product links and make a purchase, well receive a percentage of the sale. What Are Brain Implants and What Are Their Future Uses? 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. Discovery Inc. Chief Executive David Zaslav will remove executive layers and take direct oversight of key creative and news operations upon the company's merger with AT&T Inc.'s WarnerMedia . Garrett by trade is a personal finance freelance writer and journalist. For legal reasons, Discovery must avoid getting involved with WarnerMedia until the deal has been approved by the U.S. government. Sinai Medical Center. April 13, 2022 5:00am. As for Hasbro, Zaslav saw the potential to reach children with educationally tied programming. Is it a good one? Zaslav helped Wright get NBC into the cable field with the development of CNBC and MSNBC. Fox News has that sewn up. 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. 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. Murdaugh is heckled as he leaves court, Two Russian tanks annihilated with bombs by Ukrainian armed forces, Ukraine soldiers shoot down enemy drones with drones of their own, Dozens stuck in car park as staff refuses to open gate for woman, Missing hiker buried under snow forces arm out to wave to helicopter, Insane moment river of rocks falls onto Malibu Canyon in CA, Fleet-footed cop chases an offender riding a scooter, Isabel Oakeshott clashes with Nick Robinson over Hancock texts. Warner Bros. Recently, Zaslav negotiated a contract that runs through 2019. Therefore, the brain has been a focal, Read More What Are Brain Implants and What Are Their Future Uses?Continue, Technological advancements have influenced many changes in the way in which people live in all aspects of their eyes. Discovery CEO David Zaslav said CNN is renewing its focus on "journalism" signaling he wants the scandal-scarred, left-leaning network to eventually deliver straigh [20][21], Zaslav became CEO of Discovery Communications in November 16, 2006, succeeding Judith McHale. Stelters show, which focuses on big media stories and how the press covers the news, also marked its lowest second quarter since 2019, with an average of 679,000 viewers and 111,000 average demo viewers. The company did not break out Discovery+ numbers specifically, so this tally includes its other, much smaller SVOD platforms, but the majority of that 20 million figure is made up of Discovery+ numbers, per Discovery. Discovery Lost $20 Billion in Market Cap Trying to Cut $3 Billion in Costs", "HBO Max is treating animation fans and creators like hot, burning garbage", "Infinity Train Creator Says Animation Teams Were Given No Warning Before HBO Max Purge", "Seven New Members Elected to University's Board of Trustees", CableFax: "Never Forget: Zaslav, Spielberg Help Commemorate Auschwitzs Liberation", UJA-Federation of New York: "Oprah, Wiesel Honor Zaslav at Leadership Awards Dinner", "Oprah, Wiesel Honor Zaslav at Leadership Awards Dinner", "David Zaslav: The 100 Most Influential People of 2022", "He ran Animal Planet and HGTV. Cuomo's legal team ultimately told CNN investigators that it washypocritical to suggest that the host had a personal conflict of interest while Zucker had failed to disclose his own relationship with comms chief Allison Gollust - even though it was an 'open secret' at the company. Jordan Zaslav (@jzaslav) October 15, 2016. "CNN is a fantastic asset, I cant wait to get in there. [12] At the age of 8, he moved to Rockland County where he graduated from Ramapo High School. Thats only three politicians donated to and all are Democrats. Anyone who has purchased a car from a dealer knows how difficult and time consuming the process can be. Journalism first. 19.8 %- . 'Discovery's largest shareholder, John Malone, a critic of CNN, made it known that corporate procedures had to be followed to the letter in regards to Zucker, we hear,' Deadline reported on Wednesday. But we dont. They want to fix the shows first, but they dont realize the shows and ratings are connected.. At a recent party, guests included television executive Len Moonves, TV personality Ryan Seacrest and New York governor Andrew Cuomo. Media tends to be a reflection of where the country is. AT&T bought WarnerMedia (formerly Time Warner) in 2018 for $84billion. 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. [40] Some of those projects were "practically finished" or in the late stages of post-production, including Batgirl and Scoob! What investors need to know about Biden's economic vision. This story has been shared 130,478 times. David Zaslav, or as his friends call him: Zas, throws some of the most amazing parties with the most eclectic combination of guests. In December, a spokesman for Cuomo accused Zucker of knowing everything about his involvement in trying to help his brother while he navigated a sexual harassment scandal. Biden has said he wants to raise the corporate tax rate to 28% from 21%. Earlier this year, after former President Donald Trump left office, CNNs ratings took a 90% nosedive both overall and in the demographic coveted by advertisers in the first week of January. He noted that the recent run of corporate executives giving to Republicans is a sign that the campaign is fervently calling these donors. 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. 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. McHale took a six month maternity leave which gave Zaslav the chance to work closely with Hendricks for six months. 'I do believe good journalism could have a role in this future portfolio that Discovery-TimeWarner's going to represent.'. Overall, I think wed be better off if we just had news networks, but we dont.. Jeff Zucker's successor at the CNN helm will be Licht . So I think it's going to be around a lot longer than people think.". Further details about the allegation were unclear. Its popular with the people, Read More The Five Highest Grossing Indian Movies of All-TimeContinue, Pooh is one of the most beloved childrens characters of all time. That tells us a very different story than whats come out in the media. Man you weren't kidding. We don't own the company yet. [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". For now, a trio of CNN executives will assume Zuckers responsibilities at the network. Why would they go anywhere else? The titan next door. 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. January 15, 1960, Next quarter the company projects $1.6 billion in profit, and for 2023, it expects to have operating margins of 21 to 22 percent, up from 18 to 20 percent in 2022. He is from American. [6][7], Zaslav was born to a Polish and Ukrainian Jewish family[8][9][10][11] in Brooklyn, New York.

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