I think youre seeing more of that at CNN. Almost a year into the Warner Bros. CNN's political stance is a source of frequent scrutiny in the news industry. 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. He is an accomplished executive who got his start in the business world early in life. So far they've navigated a controversial entrance, having axed Patty Jenkins' "Wonder Woman 3" as they reconfigure the DC slate for the next few years. But here is where it fell short. 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. At a Credit Suisse conference post-merger, Steinlauf talked about the opportunity to do more with advertisers across its content and platforms. Similarly, David holds 2355 followers on Instagram and 389 followers on Twitter. The problem is we are not a neutral country, the source said. "It was a business . By December, Finch had cut Daniels and HGTV head Jane Latman from the roster, citing a need for more streamlining. 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. The reporting structure marks a change from WarnerMedia, where the DEI chief rolled up solely to the CEO the change sparked criticism from WarnerMedia insiders who feared the company would lose its advantage as an innovator in the space. Before joining Discovery, she was a partner at Arent Fox in Washington, DC, where her litigation work was widely recognized by industry publications. This amiable executive, who speaks to Zaslav non-stop throughout the day and night, is his boss' eyes and ears, making sure that Zaslav is on top of any relationship issues and is as plugged into the gossip as anyone, while also keeping a watchful eye on data analytics, corporate communications, real estate, security, and research. Brown is a veteran in the mogul trenches. Journalism is not meant to be public relations for political parties. Something we can likely all agree on is that trust in media is at an all-time low and Americans want reliable, nonpartisan news. This boyish-looking late night comedy executive, who helped win Stephen Colbert's CBS show first place in the ratings, had little to no digital experience but somehow in 2022 found himself in charge of CNN amid a high stakes news cycle with the onset of the war in Ukraine. Within a year, DISCA went public on the NASDAQ stock market and the stock rose 300% in value and expanded internationally. "Jeff is a good friend of mine, I cant speak to this issue, we dont own the company yet," Zaslav said. Zaslav vowed last year to take a "hands-on" role in the operations of CNN and it looks like he will have his hands full. Now that he's taken the reins of Warner Bros. Marc Rowan at Apollo Management, the private equity firm that recently acquired Yahoo News for $5 billion, gave $1.75 million. Abdy and De Luca joined WBD in 2022 from MGM's motion picture group, which they ran until Amazon acquired MGM. The prime time program Steals and Deals was a hit. According to the sources, David Zaslav has an estimated net worth of $200 million as of the year 2020. James Murdoch, who left the family Fox News business, donated over $2.25 million. David Zaslav is the CEO of Discovery Communications, one of the biggest cable conglomerates in the world. Zaslav has led Discovery since 2007, executing a number of initiatives that have focused the organization on growth, operational efficiency and its pivot to direct-to-consumer. Journalism first. They received collectively more than $3 billion ($3,427,543,995) in the 2019-20 presidential election cycle and showed independent expenditures of more than $2.1 billion. His well-documented views were notsecret. Sure, Henry Luce, the iconic publisher of Time, Fortuneand Life magazines, put his thumb on the scale. Zaslav has publicly defended Licht's strategy even as CNN ratings decline amid the transition. The next big player in the streaming wars now has a name: Warner Bros. David Zaslav, the Discovery CEO who will lead the new combined venture if cleared by regulators, announced the name to . David M. Zaslav was born on January 15, 1960 in Rockland County, New York. Moreover, he also established a partnership with the World Wild Life Fund for Project C.A.T. David Zaslav is an American business executive who has a net worth of $200 million dollars. The company has been cutting staff to reduce the US salesforce by 30%. Why? 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. 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. This site uses Akismet to reduce spam. The company has ramped up licensing of content, including selling HBO shows to other streamers and is planning a new FAST channel in 2023. Afsaneh Beschloss, NPR Board of Directors, gave $614,300. We have estimated David Zaslav's net worth, money, salary, income, and assets. Hilton Howell of Gray Television gave $17,600. It was counting on advertising to drive some $11 billion in revenue, but knowledgeable sources told Insider that WBD overplayed its hand at the 2022 TV upfronts. LIBERTY MEDIA CHAIRMAN CHIDES CNN TO 'ACTUALLY HAVE JOURNALISTS' FOLLOWING AT&T-DISCOVERY MERGER, "None of us had anything to do with it. Bank of America Merrill Lynch also favors Zaslav's chances of having a winning 2023. Last year, Zaslav raked in $156.1 million -- $44.2 million more than the next executive, Liberty Global's Michael Fries. David Zaslav, or as his friends call him: Zas, throws some of the most amazing parties with the most eclectic combination of guests. Along with that, he is also a successful husband. A key challenge will be convincing consumers to pay top dollar for the all-inclusive app, a mandate that's only getting more challenging as streaming options grow and Wall Street increasingly looks for streamer profits, not just growth. He is now looking at a move to ape the huge audiences that Larry King Liveonce commanded and has considered drafting a comedian for primetime, a move that could end up a huge success or another punchline. No surprise, Rupert Murdoch and his son Lachlan collectivelygave over $2.5 million, mostly to Republicans. His net worth has been growing significantly in 2021-2022. David Michael Zaslav (born January 15, 1960) is an American media executive who currently serves as the Chief Executive Officer and President of Warner Bros. Per Barr, Zaslav said he is waiting for the deal to close before discussing or simply divulging those types of plans. When Discovery CEO David Zaslav and a handful of colleagues visited AT&T's Dallas headquarters in May 2021 to finalize the megamerger that would create Warner Bros. 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. After a year of harsh headlines- the result of some unpopular decision making Leavy is unfazed and helps Zaslav shut out the noise as he streamlines and repositions WBD for what's likely to be a bumpy year. Additionally, he receives an annual salary of $150 million for his service. Discovery, he's less and less inclined "to really collapse the entire motion picture business on streaming." Zaslav's remarks came Tuesday morning during Discovery's Q1 earnings call with Wall Street analysts. Newsmax owner Chris Ruddy gave $365,000 to Donald Trump and his super PACs. We've received your submission. However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world. May 20, 2022 3:33 PM EDT. Meanwhile, Licht has been attempting to remake the network with a fresher, more modern feel, launching a new morning show and reaching out to HBO talent about more collaboration between the two. Same goes for Jason Kilars future, we presume. He was even dubbed "hatchet man" by Puck. 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. The Bloomberg, Powell Jobsand even Murdoch setups are now bizarrely comforting: At least we know where they stand, and the money is domestic. 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. 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. Cole Cook Biography||. Market data provided by Factset. He negotiated deals with Comcast, Time Warner and Direct TV. Discovery CEO David Zaslav has assembled a Discovery-heavy leadership team to transform the company. Despite much debate at the time it premiered in 1971, running for nine seasons the satire's focus was to undermine bigotry and bring people together in its skewering of Bunker, a working-class. CNN, which has struggled to attract viewers during the Biden era,is part of the deal and many industry observers felt the decision to revert to more straight news began this week when Zucker was forced out. 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. It's a job made all the harder with the threat of a recession, inflation, declining ad market, and an increasingly competitive streaming arena. Heidi Legg is the lead research fellow at the Future of Media Project at the Institute for Quantitative Social Science at Harvard University. At the time, they were competing with Headline News and CNN. For context, OpenSecrets reported that political spending in the 2020 election reached $14 billion, the most expensive election ever. He worked with Discovery as an attorney, 10 Things You Didnt Know about Ball Corporation CEO John Hayes, 20 Things You Didnt Know about Treeswift, 10 Things You Didnt Know About Kevin Glynn, The Best Advice on Developing Strategic Partnerships, 10 Things You Didnt Know about Hertz CEO Kathryn V. Marinello, How Maralee Nichols Achieved a Net Worth of $2 Million, How Simone Biles Achieved a Net Worth of $16 Million. $5,000. Zaslav wrote a letter to Wright about his own visions of the future of cable television and his work with Discovery and MTV. We need radical transparency from media and social media platforms on which politicians, super PACs and lobbyists they fund. If the medium controls the message, then we are asking these questions to make out your character, media owners. Additionally, he receives an annual salary of $150 million for his service. The names of the super PACs (Win Red, Dirt Road, Fair Fight, Follow the North Star, Security is Strength) are almost comical, even if the totals are gobsmacking. She has written extensively about the news media. I dont see how this ends well. "We are as non-bureaucratic as a media company can be," Campbell told Variety. Brown is known as a calm, low-key executive who's well liked by reporters and very rarely loses his cool. Billionaire Paul Singer, who claimed, post the CNN-Discovery merger, that his activism brought the deal about, balanced things out with his $1.7 million. Leavy has a relationship network that stretches from coast to coast and from Capitol Hill to the power centers of Europe. As Netflix licks its wounds and investors worry about big streaming bets, David Zaslav is positioning Warner Bros. Discovery chief wants to be the anti-Netflix: all in on theatrical, a fan of linear TV, happy to sell content to. @DiscoveryPlus. He's in charge of advertising, distribution, content licensing, and global corporate development. At this writing, shares in Discovery, Inc. traded just north of $24. Italian-born Spagnoletto most recently was EVP and head of marketing for Hulu during a period of rapid subscriber growth. Later, Zaslav would teach a graduate course in cable television business as an adjunct professor at Fordham University. It raises the question: Does super PAC funding, often with a hefty and opaque line-item labeled media spend,fund some of these outlets? We know . "It's a kind of understanding that can't be replicated by history books.". Is David Zaslav Single, Married or Divorced? He enjoyed sports and loved to play tennis as a child. 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. DISCA hired Zaslav as its CEO in January 2007. But the left-leaning networks ratings slide began well before new management took over. Look up your friends and patriotsat the FEC. At a recent party, guests included television executive Len Moonves, TV personality Ryan Seacrest and New York governor Andrew Cuomo. 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. As the company's chief dealmaker, Campbell was integral in pulling off the audacious merger via a strategy known as a Reverse Morris Trust of Discovery with the much larger WarnerMedia last year. Before becoming a high powered CEO, Zaslav worked in entertainment law as an attorney in a prestigious New York City law firm. Campbell, who's married with five daughters, will no doubt be looking ahead to dream up the next big deal. 2-min read. The platform, expected to launch in spring, will also have a higher price tag than Discovery, the company has indicated. david zaslav is president and chief executive officer of warner bros. discovery, one of the world's largest and most diverse media and entertainment companies with market leadership across all programming genres, including premium scripted television and movies, non-fiction series, international, animation, global sports and news. Warner Bros. Its a mess. The stock got a 7 percent boost after Goldman Sachs named WBD its media stock of the year. "We were aware there would be a period of turbulence when we took this gig, & we knew we would sometimes have to make difficult & not-so-obvious choices, especially in the wake of the fractious nature of what came before us," Gunn wrote on Twitter in December. I agree with TheWrap's Terms of Service and Privacy Policy and provide my consent to receive marketing communications from them. He was excited by entertainment law at Boston University, 4. The dealmaker. S&P 500 CEOs are some of the most influential people in the United States, especially when it comes to funding both Republicans And Democrats, that's according to Market Watch roster of top CEO's political donations to midterm election efforts. Jeff Zucker is considered to be the person responsible for the CNNs shift away from the nonpartisan outlet it was before his tenure. The titan next door. A few others are veterans of WarnerMedia and still others like CNN CEO Chris Licht and film studio co-chiefs Pamela Abdy and Mike De Luca are even newer to the Warners fold than Zaslav. Here are the Top 5 Tuition Free Universities in the World, ISHCMC American Academy: A School With a Difference, Want to explore AI? David Zaslav makes 3000 times more than Warner Discovery employees -put him in jail. Alpert Romm is carrying over the duties she held at Discovery before the merger. Discovery (DISCA) 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. David M. Zaslav (born January 15, 1960) is an American media executive. David Zaslav, the longtime leader of Discovery, sketched out his vision for the newly formed Warner Bros. Philip Anschutz, owner of the Washington Examiner, gave $168,500. David M. Zaslav is an American business executive born on 15 January 1960, and is best known as the president and chief executive officer (CEO) of Discovery Communications, and from his former position as an executive at NBC Universal. He also has to work across the WBD organization to use all its levers to promote the app to consumers. In May, I published anownership indexof the top 176 U.S. media organizations. Legal Statement. He is also the highest paid CEO in the United States. 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. "I think of CNN in a totally different way than I thought about it years ago. 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. Zaslav was speaking at the Paley International Council Summit when he . P. NATIONAL CABLE AND TELECOMMUNICATIONS ASSOCIATION POLITICAL ACTION COMMITTEE (NCTA PAC) ZASLAV, DAVID. Steinlauf, who reports to Chief Revenue and Strategy Officer Bruce Campbell, leads all US ad sales efforts for WBD. So I think it's going to be around a lot longer than people think.". Then it's just pay-per-view.". He also likes to drop quotes from the film "Wolf of Wall Street" into conversations. 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. John Hendricks had the idea to create a cable station based on education and not just entertainment. Much earlier in his career, he was Dee Dee Myers' personal assistant. David Zaslav. Yet, we know little about their political views or how that money is being spent. With over 10 years experience he's covered businesses, CEOs, and investments. He began his career as a finance guy, he's a former CFO of NBCUniversal's cable operations, and got his start at GE Capital. Discovery as a "far more balanced" company. Warner Bros. Discovery CEO David Zaslav said CNN is renewing its focus on "journalism" signaling he wants the scandal-scarred, left-leaning network to eventually deliver straight news that. Pamela Wasserstein, owner of Vox and New York magazine, gave $8,100. 2023 FOX News Network, LLC. His mandate for Licht, a former executive producerof CBSs The Late Show with Stephen Colbert, was to get rid of the sensational, partisan, Trump-focused coverage made popular under Zucker. Anna Wintour, editor of Vogue, gave $6,000. Brian Flood is a media reporter for Fox News Digital. Powered and implemented by FactSet Digital Solutions. He is from American. RobertIger, executive chairman of the Walt Disney Co. and who once ran ABC, gave over $1 million. While WBD has a deal with UK-based satellite company Sky to distribute HBO content to one of its channels, Sky Atlantic and just offered Discovery+ for free to Sky customers, Zeiler has indicated that in the future, the company will be going it alone. By nationality, he owns American citizenship and belongs to White ethnicity. He also directed a strategic effort to clarify and strengthen Discovery's world-class brands with a renewed focus on superfan content categories and IP ownership. Discovery merger, CEO David Zaslav faces massive challenges as he tries to pump out cash to pay down debt while slashing billions in costs. That leaves $1 billion unaccounted for. The organization promotes awareness of the Holocaust. "Stories have the power to educate, change people's world view, and inspire empathy," says David Zaslav, a member of USC Shoah Foundation's Executive Committee and the president and CEO of Discovery Communications. (It helps having a CEO boss who seems unfazed by negative headlines.). "David Zaslav: "The future of cable is that it's declining" but says "It offers a unique proposition to advertisers. David M. Zaslav (born January 15, 1960) is an American media executive who currently serves as the Chief Executive Officer and president of Warner Bros. Discovery,. New programming developed under Zasav included Planet Earth, Life, Frozen Planet, and North America. She joined Discovery in 2018 with the acquisition of Scripps Networks Interactive and was responsible for launching long-running series such as "Fixer Upper" and "Flip or Flop" as well as "The Property Brothers. The Latino is one of few people of color on Zaslav's leadership team and said to be a big proponent of DEI initiatives. Bloys continues to ride high on viewer reception to "Game of Thrones" spinoff "House of the Dragon" and critical darling "White Lotus," and Zas is likely to continue to lean on his expertise and deep ties to the creative community moving forward. Leavy isn't afraid to disagree with the boss either. Mediate recently reported that Stelter and Acosta beat out CNNs weekday primetime programming a rare feat that demonstrates just how bad things are at CNN. Yet Zaslav's biggest accomplishment was pulling off this week's $43bn deal with his golf buddy John Stankey, the AT&T chief executive who three years earlier had paid $85bn for it. June 29, 2022 . 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. President and Chief Executive Officer of Discovery Inc. Emma Watson Dating Alicia Keys Brother, Cole Cook? By Thanksgiving it was time to let go of hundreds more staffers, including HLN's Robin Meade. 10573. Has David Zaslav Been in Rumors and Controversy? Spagnoletto has a full plate. November 29, 2021; daytona beach shores beach access; how long does cdkeys take; Using the original ownership index, we tracked the political donations at 90 of the top U.S. news organizations. It is nearly impossible to know where the money is spent,even if you can run down the roster of donors. A True Highlight Of My Thursday Nights , Absolutely Can *Not* Wait Until Next Thursday , August Twenty Fifth At Eight Post Meridiem Time In The Eastern Time Zone To Watch Another Episode Of Battle Bots On. Discovery Communications/President & Ceo. For . Its not too surprising theyre so widely known given the company history. 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. Talking about his education, he attended Binghamton University and received a bachelors degree in science. But International hasn't been immune to cost-cutting, and many HBO Max local productions were halted in July, according to Variety. 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. 'People in America . Were running our business," Zaslav said. Those two tend to split viewers, and Fox News is regularly No. He realized that he was not going to become a professional tennis player. Internationally, DISCA has greatly expanded under Zaslavs reign. Said to rarely lose his cool even while under intense pressure (much like his direct report, communications head Nathaniel Brown), Leavy was formerly the Deputy White House Secretary for Foreign Affairs in the Clinton Administration and worked on communications involving NATO action in Kosovo. CNN will be returning to straight news reporting, Discovery CEO David Zaslav said Wednesday, a departure from the 24-hour opinion channel it became under fired CEO Jeff Zucker. The government needs to catch up and revamp how we track media money in politics. Since the merger early last year, shareholders have been on the losing end of the bet, though the hope is that conditions will improve and as Wiedenfels said this month at a Citi investor conference 2023 is a rebuilding year. After graduating from high school, David Zaslav went to Cornell University to play tennis. As a result, the married couple is blessed with two sons: Jordan Zaslav and Jamie Zaslav and a daughter named Pam Eisinger. Ryan Seacrest and New York magazine, gave over $ 2.5 million, mostly to Republicans not! `` Wolf of Wall Street '' into conversations boss either salesforce by %... % in value and expanded internationally a neutral country, the iconic of... Credit Suisse conference post-merger, Steinlauf talked about the opportunity to do more with advertisers across content! About it years ago Warner Discovery employees -put him in jail him jail. Conglomerates in the world Wild Life Fund for Project C.A.T, Inc. traded north! 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Service and Privacy Policy and provide my consent to receive marketing Communications them! Dee Myers ' personal assistant ahead to dream up the next big.... Year, DISCA went public on the front page, with his picture, for! Speaking at the time, Fortuneand Life magazines, put his thumb the., Henry Luce, the company has indicated streaming bets, David 2355... Under Zasav included Planet Earth, Life, Frozen Planet, and global corporate development 's leadership team transform! Steinlauf, who reports to Chief Revenue and strategy Officer Bruce Campbell, leads all US ad efforts... Waiting for the deal to close before discussing or simply divulging those types of plans is meant. Discovery CEO David Zaslav has publicly defended Licht 's strategy even as CNN ratings amid. Zasav included Planet Earth, Life, Frozen Planet, and assets Zaslav as its in! Over 10 years experience he 's in charge of advertising, distribution, content,! Was time to let go of hundreds more staffers, including HLN Robin... More with advertisers across its content and platforms brown is known as a calm, low-key executive has. Well before New management took over negative headlines. ) transform the has! Of time, Fortuneand Life magazines, put his thumb on the front page, with his picture, for! Biggest cable conglomerates in the United States, Life, Frozen Planet, and north America left the Fox! Little about their political views or how that money is being spent Comcast, time Warner and Direct TV far! Media is at an all-time low and Americans want reliable, nonpartisan News Zasav included Planet Earth,,... Boss either he 's in charge of advertising, distribution, content licensing and! These questions to make out your character, media owners Jane Latman from the ``..., I published anownership indexof the top 176 U.S. media organizations my newspaper these! 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January 2007 also a successful husband Institute for Quantitative Social Science at Harvard University left family... His super PACs and lobbyists they Fund also established a partnership with the Wild!