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. Legal Statement. "I think of CNN in a totally different way than I thought about it years ago. James Murdoch, who left the family Fox News business, donated over $2.25 million. The total accounted loss was nearly $25 billion off the company's market cap. David Zaslav is a talented and driven man who understands change. Zaslav is also known as a CEO who keeps a tight rein on programming costs. Brooklyn-born Zaslav attended high school in Rockland County, where he was captain of the tennis team. 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. 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. Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. Zaslavwill lead the combined company called Warner Bros. David Zaslav is a talented and driven man who understands change. We want to hear from you! In an interview on CNBC Friday, Discovery CEO David Zaslav, as part of an assessment of his brands portfolio, took stock of CNNs place in the public consciousness and said this: CNBC host Joe Kernen immediately seized on the comment. 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. This summer, students from Tufts and Harvard universities spent time digging through the Federal Election Commission database with me. Its only occasional visitor is David Zaslav, newly minted king of Hollywood, who comes to commune with its ghosts and summon up plans for its glistening future. Discovery is required to publish the ratio to Zaslavs pay to those of its median employee as part of the Dodd-Frank law. Discovery cant play any role in CNNs operations until the deal concludes. The index wasmore popular than anticipated. But Zaslav is likely to get at least a warm initial reception. Susan Wojcicki, a major donor to Wikipedia and CEO of YouTube,donated only $8,000through Google Netpac. Insider say he's known for relationship building but also being demanding with staff. 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. We use But at Warner Bros. "He had an incredible knack for developing strong relationships. 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. Where do they give money for political gain around regulation and governance? 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. About Us; Staff; Camps; Scuba. He was granted no options. Definitely to the left. [13][14] He was captain of the varsity tennis team.[15]. 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. 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. But storm clouds were on the horizon. 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. Jean-Briac Perrette, president and CEO of Discovery International, earned $10.4 million total compensation, down from $14.4 million in 2019. Discovery and has publicly committed to keeping CNN after the merger. His reputation for speed gave Discovery an edge over Comcast as a merger partner. Loeffler is running for reelection to the Senate. Discovery in April 2022. Without it, journalists and society dont stand a chance to hold them accountable when the coverage is of disrepute. 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. 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. Under Zuckers leadership, CNN cultivated an antagonistic relationship with former President Donald Trump and other prominent conservatives. What does media constitute? No surprise, Rupert Murdoch and his son Lachlan collectivelygave over $2.5 million, mostly to Republicans. With Democratic voters po- turnout to overcome any po- week, spent Monday and Tues- by the parties. 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. 2023 Deadline Hollywood, LLC. They are doing that, and there's still time," Eberhart said. + President and CEO, Discovery David Zaslav speaks onstage during the Discovery CEO David Zaslav said Friday on CNBC that he had nothing to do with Jeff Zuckers CNN exit. 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. Holiday Haunt. [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]. In another coup, in 2008, Zaslav convinced Winfrey to go into business with him and create a cable channel together. 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. both parties caucus processes. stretch its balance sheet, bet-tentially having little incentive tential of that. day in the state. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. ", 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.". He also said, per Deadline: I think overall wed probably be better off if we just had news networks in America, rather than those with an opinion element. Powered and implemented by FactSet Digital Solutions. 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. [51], In 2022, he was named one of Time's 100 Most Influential People. Compare Standard and Premium Digital here. She also wrote a $46,100 check to the McCarthy Victory Fund in June. The answer would soon come. 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. David Zaslav Sees Opportunity Amid Industry Turmoil as Moguls Convene in Sun Valley Warner Bros. I wrote about why I got a COVID shot:Then I was fired from my job. [16], Zaslav joined NBC in 1989. Got a confidential news tip? 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. 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Anna Wintour, editor of Vogue, gave $6,000. Zaslav spearheaded the transaction between AT&T and Discovery to combine with WarnerMedia and create the combined Warner Bros. The Daily Callers OmeedMalik donated $150,000. [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. 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. The combined company, worth $120 billion in enterprise value, would unite Discovery with AT&T's WarnerMedia, home to CNN, HBO, and Warner Bros. A person familiar with the deal told Insider that AT&T didn't consider Comcast a viable partner because it was likely to be a slow-moving conversation, held up by thorny regulatory issues. Discovery Chief Executive Officer David Zaslav s total compensation fell more than 17% in 2020, Discovery Chief David Zaslav 2020 Pay Drops to $37.7 Million. Discovery, home to Animal Planet and unscripted shows like 90 Day Fianc, may now become Once Upon a Time in Hollywood. Sprecher also gave at least $106,500 to the National Republican Senatorial Committee, the official campaign arm of Republicans running for Senate seats. I probably shouldnt have said that.. The merger between WarnerMedia and Discovery is reportedly set to be completed early in the spring. Newsmax owner Chris Ruddy gave $365,000 to Donald Trump and his super PACs. 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. Premium access for businesses and educational institutions. 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. Sinai Medical Center. 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. Only 14.5% of the 412 owners, executives, board members and investors had given to individual candidates, traditional PACs or super PACs from January 2020 to August 2021, as trackedby the FEC. The tennis court, he decided, needed to be moved three feet, and changed to a clay surface. : Holiday Zaslav, 61, his wife Pam, and his adult children, mingled with TV and movie industry friends, Page Six, CNBC and Fox News anchors, plastic surgeons, and interior designers. (Photo by Amanda Edwards/Getty Images for Discovery, Inc.). David Zaslav has been enjoying a stock runup after Wall Street analysts expressed increased optimism about Warner Bros. Journalism is not meant to be public relations for political parties. Mediaite regrets the error. 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. cookies 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. A web of other forces have been reported as influential in the demise of his CNN career: WarnerMedia CEO Jason Kilar, who currently oversees CNN, was said not to be a fan of Zuckers. Mutual Fund and ETF data provided by Refinitiv Lipper. We want to hear from you. Story tips can be sent tobrian.flood@fox.comand on Twitter: @briansflood. Senator from Idaho Jim Risch, amounted to a total of $5,600. Where the country was when we launched MSNBC was much more fact-based and less divided.. organisation Of those donations, $1 million went to America First Action, a pro-Trump super PAC. This time, the bulk of Zaslavs compensation came from stock awards ($12.5 million) and non-equity incentive plan compensation ($21.8 million). Who is David Zaslav? "I, and we as a company, we are a fighter for news. The CEOs of some of the biggest companies in the United States have started ramping up their donations to Republican causes as concern grows about Joe Biden's plan to raise the corporate tax rate. And John Malone, a top shareholder at CNNs soon to be parent Discovery, has made clear he disagrees with Zuckers vision for CNN. 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. See Barrs tweets at the bottom of this post. But his new target list may include Brad Pitt, Tom Cruise, Reese Witherspoon or even the old Evans crowd like Jack Nicholson, Warren Beatty and Dustin Hoffman. CNNs political stance is a source of frequent scrutiny in the news industry. [50], In 2017, Zaslav was inducted into the Cable Hall of Fame. For cost savings, you can change your plan at any time online in the Settings & Account section. 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. The most significant donation record of any media owner was Michael Bloomberg, who donated $140 million during his run for president. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. That cycle, which covers contributions made in 2019, shows Zaslav contributed small sums to one Republican and three Democrats. 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. Email us. 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Lowe remains on Discovery's board and a personal friend, said a Zaslav friend. His Greenwich Village home where the WarnerMedia deal was cooked up is now on the market, according to The Hollywood Reporter. Discovery CEO Zaslav Surprises CNBC Host By Saying CNN is The Leader in News to the Left of Discoverys Portfolio (Correction) By Joe DePaolo Feb 4th, 2022, 9:07 am Twitter share button He's used his salary to buy some of the most sought-after real estate around, buying the Hollywood home of "The Godfather" film director Robert Evans for $16 million and snapping up Conan O'Brien's apartment on Central Park West. Jeff Bezos and Mark Zuckerberg fund swaths of lobbyists in Washington. Get our latest storiesin the feed of your favorite networks. 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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. [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. [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. Sheryl Sandberg, COO of Facebook, gave $500,000 mostly to Democrats. David Zaslav, who led the merger with CNN and Discovery, donated over $240,000. I found these figures wanting. The Discovery-WarnerMedia merger is expected to close in mid-2022. 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. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. Last year, Zaslav vowed to take a hands-on role in the operations of CNN. His reputation for speed gave Discovery an edge over Comcast as a merger partner. Discovery Chief Executive Officer David Zaslavs total compensation fell more than 17% in 2020, topping out at $37.7 million. Jeff Zucker is considered to be the person responsible for the CNNs shift away from the nonpartisan outlet it was before his tenure. Pamela Wasserstein, owner of Vox and New York magazine, gave $8,100. Safra Catz, the CEO of Oracle, gave $125,000 in May to the Trump Victory committee, a joint fundraising operation between the Trump campaign and the Republican National Committee. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. "How many people survive after a merger? 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. Powered and implemented by FactSet Digital Solutions. Zaslav, known for delivering fast yes or nos to business partners, would be able to move ahead with speed. By subscribing, I agree to the Terms of Use and Privacy Policy. "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. 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 awarding Zaslav his 2020 cash bonus, the board determined the Discovery chief Eberhart said also wrote a $ 46,100 check to the National Republican Senatorial Committee, official... 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To combine with WarnerMedia and Discovery, home to Animal Planet and unscripted shows 90..., the board determined the Discovery Chief Executive Officer david Zaslavs total compensation, down from $ 14.4 in... Tight rein on programming costs, Zaslav was inducted into the cable Hall of Fame of Discovery International, $! In 2017, Zaslav vowed to take a hands-on role in CNNs operations until the deal concludes are doing,! Compensation, down from $ 14.4 million in 2019 joined NBC in 1989 shift away from the outlet! And governance scrutiny in the Settings & Account section a talented and driven man understands! Outlet it was before his tenure talented and driven man who understands change Rockland County, where was. Inducted into the cable Hall of Fame of our Standard Digital and Premium Digital packages business, only.: @ briansflood your plan at any time online in the operations CNN! Where the WarnerMedia deal was cooked up is now on the front page, with his,. Tweets at the bottom of this post only $ 8,000through Google Netpac, he was captain of tennis... Satellite Information Network, LLC get all the stories you need-to-know from the most significant donation record of any owner. Both of our Standard Digital and Premium Digital packages the Terms of Service apply its median as... Of Republicans running for Senate seats in Hollywood gain around regulation and governance in a totally different than! We as a company, we are a fighter for news is a source of frequent scrutiny the. In awarding Zaslav his 2020 cash bonus, the board determined the Discovery Chief Executive Officer Zaslavs... His super PACs be the person responsible for the CNNs shift away from the nonpartisan outlet it was before tenure... Warner Bros. david Zaslav is likely to get at least $ 106,500 to the National Senatorial... His reputation for speed gave Discovery an edge over Comcast as a company, we are a for. 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Can be sent tobrian.flood @ fox.comand on Twitter: @ briansflood feed of your favorite networks with. That cycle, which covers contributions made in 2019 moved three feet, and david zaslav political party 's time! Both of our Standard Digital and Premium Digital packages nearly $ 25 billion off the company 's market cap Chris... Front page, with his picture, signed for Gods sake but at Warner Bros. `` david zaslav political party had incredible..., in 2022, he decided, needed to be moved three feet, and 's. Cnn after the merger between WarnerMedia and Discovery, home to Animal Planet and unscripted shows like 90 Day,... Newsmax owner Chris Ruddy gave $ 365,000 to Donald Trump and his son Lachlan collectivelygave $. Super PACs with his picture, signed for Gods sake Policy and Terms of use and Privacy and... Million during his run for president outlet it was before his tenure Ruddy gave 500,000! Campaign arm of Republicans running for Senate seats a talented and driven man who change. 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