I do. LIBERTY MEDIA CHAIRMAN CHIDES CNN TO 'ACTUALLY HAVE JOURNALISTS' FOLLOWING AT&T-DISCOVERY MERGER, "None of us had anything to do with it. [12] At the age of 8, he moved to Rockland County where he graduated from Ramapo High School. Despite the increased support from CEOs, Biden and the Democratic National Committee outraised their opponents in the second quarter. 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. [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. Our system is awash in billions of political dollars. Sprecher also gave at least $106,500 to the National Republican Senatorial Committee, the official campaign arm of Republicans running for Senate seats. Indeed, after the Discovery and Scripps deal, Zaslav promised to wring $350 million in synergies from the business, but by the time the integration was done, the Discovery boss had cut his way to $1 billion. All Rights Reserved. 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. 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. The parties within its walls were glitzy, the arguments were epic and the scandals provided perfect gossip fuel. Sign up for notifications from Insider! Who is David Zaslav? Too many people in power are gaming the system. On Friday morning, he shocked CNBC hosts by calling the network 'the leader of news to the left'. Talk to David about European or Latin American TV, and he knows the details and the people there." The merger between WarnerMedia and Discovery is reportedly set to be completed early in the spring. See an updated version of our story below. Did you say to the left? Kernan said, before taking back the question, saying he probably shouldnt have said that.. Brooklyn-born Zaslav attended high school in Rockland County, where he was captain of the tennis team. "After Biden released his economic plan, I would expect CEO donations to President Trump to accelerate. The tennis court, he decided, needed to be moved three feet, and changed to a clay surface. It is intended to be the backbone of our civilization and functioning governance. Zaslavwill lead the combined company called Warner Bros. Zaslav needs the house as badly as it needs Zaslav. But we dont. We have this great entertainment menu, which should keep people in the home, from the kids to the grandparents. Last week,Discovery reportedit had reached 20 million paying streaming subscribers worldwide by the end of September. Discovery Chief Executive Officer David Zaslav s total compensation fell more than 17% in 2020, 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. 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. "CNN is a fantastic asset, I cant wait to get in there. Overall, the combined content spend of WarnerMedia and Discovery totaled $19 billion last year, more than Disney or even Netflix. Discovery executives are treating Zuckersunexpected exit as a fresh startfor CNN, according to the networks own media reporter, Brian Stelter. Discovery in April 2022. And even as Zaslav prepped the launch of streaming service Discovery+, which now has 15 million subscribers, he had thoughts about whether to suggest bundling Discovery with Disney, according to a person familiar with talks. James Zelter, co-president and CIO of Apollo Global Management that owns Yahoo News, gave $35,900 to Republicansand $25,200 to Democrats. For context, OpenSecrets reported that political spending in the 2020 election reached $14 billion, the most expensive election ever. She has written extensively about the news media. 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. Zaslav is also known as a CEO who keeps a tight rein on programming costs. 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. The development comes as the presumptive Democratic nominee has expanded his lead in the polls over President Donald Trump. If Evans faced a bad weekend, Zaslav confronts post-pandemic confusion: Netflix and Disney both missed forecasts for subscriber growth in the first quarter, and consumer spending on media shrank 2% in that period. 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. Mediaite regrets the error. Yet Zaslav's fight for Scripps created bad blood with then-Viacom chief executive, Bob Bakish, who was significantly outbid on the deal. David Zaslav is a talented and driven man who understands change. They are doing that, and there's still time," Eberhart said. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Loeffler is running for reelection to the Senate. 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. Man, you werent kidding, Kernen said, also laughing. Email us. 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. This story has been shared 108,510 times. Only 60 people in media leadership had donated more than$2,000 to a political candidate since 2019. David What investors need to know about Biden's economic vision. 2023 Deadline Hollywood, LLC. Dominic Patten / Deadline: David Zaslav Praises CNN Adding More GOP Voices; Balance Strategy Is Important, Warner Bros Discovery Boss Says. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. 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. 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. 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. David Zaslav is a talented and driven man who understands change. You may change or cancel your subscription or trial at any time online. Zaslav's executive compensation package includes an annual salary of $3 million with an annual $22 million bonus. 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. Longtime Discovery chief David Zaslav, who will soon oversee CNN as part of his companys merger with WarnerMedia, called his future competitor Fox News Or to keep it anonymous, click here. 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. 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. While Evans principal scenario was to package the chemistry between filmmakers and top stars, Zaslavs social objectives may be more corporately focused. The Cook Political Report marks six Republican-held Senate seats in Colorado, Georgia, Iowa, Maine, Montana and North Carolina as toss ups. During Thursdays meeting, Zaslav warned that staff reductions were likely as he continued to remove layers of management and combines jobs. Zaslav is expected to name Zuckers permanent replacement when the merger closes. [51], In 2022, he was named one of Time's 100 Most Influential People. Edward Atsinger, a leading evangelical and co-founder of conservative Townhall Media,gave about $30,000. Overall, I think wed be better off if we just had news networks, but we dont.. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 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. I probably shouldnt have said that.. Zaslav and other Discovery brass reportedly heard about the resignation just hours before it happened. All rights reserved. I found these figures wanting. Discovery, weighing in on content, forcing out executives and cutting costly projects like CNN+ while schmoozing with top Hollywood talent. By subscribing, I agree to the Terms of Use and Privacy Policy. 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". [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. Biden has said he wants to raise the corporate tax rate to 28% from 21%. 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. Is it a good one? And maybe, those legendary parties might start again. 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. (Photo by Amanda Edwards/Getty Images for Discovery, Inc.). The Discovery-WarnerMedia merger is expected to close in mid-2022. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Together, Discovery and WarnerMedia will span every genre from Hollywood movies and TV shows to reality TV, to news and sports. Democratic National Committee outraised their opponents in the polls over President Donald Trump, which should keep in... 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