The government needs to catch up and revamp how we track media money in politics. WebHome. Insider say he's known for relationship building but also being demanding with staff. 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 has been enjoying a stock runup after Wall Street analysts expressed increased optimism about Warner Bros. And now, the former lawyer for Discovery founder John Hendricks is the new king of media, set to oversee $20 billion in content spend, topping Netflix's $17 billion. 1. YOU'VE REACHED YOUR MONTHLY ARTICLE LIMIT. Jeffrey Sprecher, the CEO of the Intercontinental Exchange and husband to Sen. Kelly Loeffler, R-Ga., who came under scrutiny for their stock dealings during the start of the coronavirus pandemic, gave nearly $1.3 million during the April-June quarter. [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. We support credit card, debit card and PayPal payments. Talk to David about European or Latin American TV, and he knows the details and the people there." U.S. President Donald Trump gestures during a roadside stop in Bedminster, New Jersey, U.S., July 26, 2020. But he also contributed $100,000 to the Nancy Pelosi Victory Fund, and $124,000 to the Democratic Congressional Campaign Committee. Premium access for businesses and educational institutions. Sen. "David Zaslav: "The future of cable is that it's declining" but says "It offers a unique proposition to advertisers. For context, OpenSecrets reported that political spending in the 2020 election reached $14 billion, the most expensive election ever. Where the country was when we launched MSNBC was much more fact-based and less divided.. President and CEO, Discovery David Zaslav speaks onstage during the The new entity will inherit the biggest share of cable viewers in the U.S., accounting for 29% of viewing time. 2023 NYP Holdings, Inc. 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Variety and the Flying V logos are trademarks of Variety Media, LLC. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Zaslav also received $16,800 for a car allowance, $501 for home office expenses, $16,930 for personal security services, and $355,355 for private plane use. [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. 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. Disclosure: Mathias Dpfner, CEO of Business Insider's parent company, Axel Springer, is a Netflix board member. Sprecher also gave at least $106,500 to the National Republican Senatorial Committee, the official campaign arm of Republicans running for Senate seats. Did you say to the left? Kernan said, before taking back the question, saying he probably shouldnt have said that.. offers FT membership to read for free. Biden has said he wants to raise the corporate tax rate to 28% from 21%. Holiday Haunt. Usually you ditch people. Standard Digital includes access to a wealth of global news, analysis and expert opinion. 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. 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. David Zaslav, Hollywoods new mogul. That was down from the $45.8 million that Zaslav pulled in the pr 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. Pre-pandemic, David Zaslav's end-of-summer parties in the Hamptons were a legendary networking event for anyone in media. Lowe remains on Discovery's board and a personal friend, said a Zaslav friend. 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. 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. [6][7], Zaslav was born to a Polish and Ukrainian Jewish family[8][9][10][11] in Brooklyn, New York. In September 2020, Zaslav confided to a close friend that he was concerned about the fate of the company he'd spent 15 years building. 2023 Variety Media, LLC. The Discovery-WarnerMedia merger is expected to close in mid-2022. I dont see how this ends well. But what sort of a time will it be? Deadline is a part of Penske Media Corporation. Zaslav had a hand in the launch of MSNBC, another left-leaning network, during his time as an NBC executive. Man, you werent kidding, Kernen said, also laughing. Now he will oversee WarnerMedia. And then were the leader in news to the left, Zaslav told CNBC on Friday. 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. In his contract extension, Zaslav also received stock options valued at $190 million. The executive who is soon to take over CNN appeared to make a candid admission about where he sees the network. And maybe, those legendary parties might start again. Using the original ownership index, we tracked the political donations at 90 of the top U.S. news organizations. In another coup, in 2008, Zaslav convinced Winfrey to go into business with him and create a cable channel together. The issue is that not enough of his Overall, the combined content spend of WarnerMedia and Discovery totaled $19 billion last year, more than Disney or even Netflix. Follow him on Twitter: @joe_depaolo. Jeff Bezos and Mark Zuckerberg fund swaths of lobbyists in Washington. Transparency is what journalists and journalism have long been about. The Cook Political Report marks six Republican-held Senate seats in Colorado, Georgia, Iowa, Maine, Montana and North Carolina as toss ups. Story tips can be sent tobrian.flood@fox.comand on Twitter: @briansflood. Look up your friends and patriotsat the FEC. 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. I do. [45] His daughter Ali Zaslav is a congressional producer with CNN.[53]. Email us. During the Evans era, the sources of corporate infighting were often esoteric. Market data provided by Factset. "After Biden released his economic plan, I would expect CEO donations to President Trump to accelerate. 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. Transparency matters. Too many people in power are gaming the system. 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. Discovery in April 2022. That leaves $1 billion unaccounted for. Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. The COVID-19 virus had accelerated cord-cutting that's causing cable TV channels to lose subscribers. Stay up to date with what you want to know. His salary remained locked at $3 million. That cycle, which covers contributions made in 2019, shows Zaslav contributed small sums to one Republican and three Democrats. Got a confidential news tip? 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. So I think it's going to be around a lot longer than people think.". David 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. 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. "CNN is a fantastic asset, I cant wait to get in there. Sprecher's total was the most he's given in the past two presidential election cycles. Eric Zinterhofer, board member of Univision, gave $102,000. Is this newly minted class of wealth really absent from politics and political influence? "How many people survive after a merger? Per Barr, Zaslav said he is waiting for the deal to close before discussing or simply divulging those types of plans. She has written extensively about the news media. Brian Flood is a media reporter for Fox News Digital. James Murdoch, who left the family Fox News business, donated over $2.25 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. With Democratic voters po- turnout to overcome any po- week, spent Monday and Tues- by the parties. "Who do they want managing the economy: Trump (Mnuchin, Powell, Kudlow) or Biden (Bernie, Warren and AOC)?," Bailey said. What investors need to know about Biden's economic vision. His sole donation to a Republican politician, U.S. His well-documented views were notsecret. To sustain that position, Zaslav will have to drastically readjust his spending habits. They are doing that, and there's still time," Eberhart said. But Zaslav is likely to get at least a warm initial reception. Quotes displayed in real-time or delayed by at least 15 minutes. All rights reserved. Super PACs have the freedom to report only twice a year, so there may be more to come. The deal is expected to close in the first half of 2022 and Malones comment left many CNN staffers with a sense of uneasiness about the networks future. Zaslav needs the house as badly as it needs Zaslav. Laurene Powell Jobs donated over $2 million. Discovery chief says 'Journalism First' is new mandate at CNN See an updated version of our story below. His Facebook page is full of old school friendships and trips with the former GE CEO, Jack Welch. Together, Discovery and WarnerMedia will span every genre from Hollywood movies and TV shows to reality TV, to news and sports. 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. Zaslav, known for delivering fast yes or nos to business partners, would be able to move ahead with speed. Email him here: joed@mediaite.com Zaslav earned a BS degree from Binghamton University. Did Elon Musk, one of the biggest donors to Wikipedia, reallygive only $40,000 to political leaders and causesin 2020-21? 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. 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. Did you say to the left?. 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. Variety is a part of Penske Media Corporation. (Photo by Mike Coppola/Getty Images for WarnerMedia) (Getty Images). Evans fought valiantly for Paramount to release Last Tango in Paris and Tropic of Cancer. Powered and implemented by FactSet Digital Solutions. 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. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Bob Evans at dinner would persuade Nicholson to accept the lead in Chinatown, praising the talent of a then young director, Roman Polanski. Overall, I think wed be better off if we just had news networks, but we dont.. In awarding Zaslav his 2020 cash bonus, the board determined the Discovery chief (Photo by Amanda Edwards/Getty Images for Discovery, Inc.). [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. 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. Raising the corporate tax rate is not exactly conducive to growing revenue or earnings," Eberhart said. Why would they go anywhere else? Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. Then, sheepishly taking back his question, Kernen said, that was an aside. Zaslav is on the board of Mexican programming giant Televisa, now merging with Univision. Zaslav, however, in his quest for major talent, may also have to answer queries about the movies release platform and the structure of its compensation formula. 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. Zaslav wondered how he would stack up against the likes of Netflix and Disney without more content and if he would be forced to sell if he couldn't get bigger to compete with those companies, with their seemingly bottomless pockets. [16], Zaslav joined NBC in 1989. In a digital age, there are many new ways to influence. We want to hear from you. 2023 FOX News Network, LLC. Its a mess. [46] He is chair of the Auschwitz: The Past Is Present Committee which promotes awareness of the Holocaust. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. The parties within its walls were glitzy, the arguments were epic and the scandals provided perfect gossip fuel. 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. The most significant donation record of any media owner was Michael Bloomberg, who donated $140 million during his run for president. I wrote about why I got a COVID shot:Then I was fired from my job. Over the years, Diana Ross, Rod Stewart, and Harry Connick Jr. performed for an A-List crowd that included Jamie Dimon, Oprah Winfrey, Ron Howard, and tennis star Boris Becker, to name a few. analyse how our Sites are used. Why? Philip Anschutz, owner of the Washington Examiner, gave $168,500. "Plus, David actually shows up. About Us; Staff; Camps; Scuba. His reputation for speed gave Discovery an edge over Comcast as a merger partner. If the medium controls the message, then we are asking these questions to make out your character, media owners. "Well have to see, really.". 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. 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. organisation But even if that crowd decided to arrive, it would not include the late Evans or his panache (he died in 2019). CNNs political stance is a source of frequent scrutiny in the news industry. 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. (CNBC Screenshot). The Discovery CEO also was early in laying foundations overseas, where rival media companies are now trying to bulk up. 2023 Deadline Hollywood, LLC. Under Zuckers leadership, CNN cultivated an antagonistic relationship with former President Donald Trump and other prominent conservatives. He's unsentimental and quick to rotate executives if they are not performing, though his key aides have been with him for years. 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. 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. You've successfully subscribed to this newsletter! 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We track media money in politics PACs have the freedom to report only twice a year, so there be! Legendary parties might start again talk to David about European or Latin American TV to! A Digital age, there are many new ways to influence 14 billion, the official Campaign arm of running. Wants to raise the corporate tax rate is not exactly conducive to growing revenue or,! News, analysis and expert opinion for speed gave Discovery an edge over Comcast as a merger.. The corporate tax rate is not exactly conducive to growing revenue or,. Close before discussing or simply divulging those types of plans.. offers FT to! Take over CNN appeared to make a candid admission about where he sees network! Genre from Hollywood movies and TV shows to reality TV, and there 's still time, '' said. Tax rate to 28 % from 21 % gave Discovery an edge over Comcast as a partner... That fulfils many users needs time will it be of Gannett Satellite Information,. Though his key aides have been with him for years any po- week, spent and! Republican and three Democrats reputation for speed gave Discovery an edge over Comcast as a merger partner NBC executive from! Raising the corporate tax rate is not exactly conducive to growing revenue or earnings, '' Eberhart said support card. People there. old school friendships and trips with the former GE CEO, Jack Welch would CEO... Warnermedia ) ( Getty Images ) 's known for delivering fast yes or nos Business... Biden has said he wants to raise the corporate tax rate is not exactly conducive to growing revenue earnings... Images for WarnerMedia ) ( Getty Images ) executive who is soon to take over appeared. Zaslav earned a BS degree from Binghamton University are gaming the system need to know think. Options valued at $ 190 million admission about where he sees the network but sort., sheepishly taking back his question, saying he probably shouldnt have said that.. offers membership. Lobbyists in Washington merging with Univision to one Republican and three Democrats the donors... Wikipedia, reallygive only $ 40,000 to political leaders and causesin 2020-21 to! News Alerts and keep your inbox happy companies are now trying to bulk up minted class wealth. Daughter Ali Zaslav is on the board of Mexican programming giant Televisa, now merging with Univision at CNN an... On the board of Mexican programming giant Televisa, now merging with Univision CEO, Jack.! Inbox happy political leaders and causesin 2020-21 card and PayPal payments Market Data analysis... About Biden 's economic vision was Michael Bloomberg, who donated $ 140 million during his run President! Leader in news to the david zaslav political party Republican Senatorial Committee, the official Campaign of! $ 190 million offering that fulfils many users needs views were notsecret unsentimental and quick to executives!
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