Marc Rowan at Apollo Management, the private equity firm that recently acquired Yahoo News for $5 billion, gave $1.75 million. Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. Get this delivered to your inbox, and more info about our products and services. David Zaslav, the Discovery Inc. chief executive who has catapulted himself to the top of the media world through a wave of deal-making, will lead a new venture 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. 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. 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. [2] Zaslav spearheaded the transaction between AT&T and Discovery to combine with WarnerMedia and create the combined Warner Bros. By subscribing, I agree to the Terms of Use and Privacy Policy. Same goes for Jason Kilars future, we presume. Having pulled off the media coup of the decade, the energetic executive will preside over the Warner-Discovery group. A continuously updated summary of the news stories that US political commentators are discussing online right now. 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. Zaslav is on the board of Mexican programming giant Televisa, now merging with Univision. The Cook Political Report marks six Republican-held Senate seats in Colorado, Georgia, Iowa, Maine, Montana and North Carolina as toss ups. Zaslav is also known as a CEO who keeps a tight rein on programming costs. Discovery is required to publish the ratio to Zaslavs pay to those of its median employee as part of the Dodd-Frank law. 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. James Murdoch, who left the family Fox News business, donated over $2.25 million. Brian Flood is a media reporter for Fox News Digital. "From my perspective, news is going to be a critical element," Zaslav said. Scrambling to walk back the comments, Discoverys team said Zaslav often uses the phrases the left or the right to reference current and future business initiatives. 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. A Real Clear Politics polling average shows Biden ahead of Trump by close to 10 points. 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. With Democratic voters po- turnout to overcome any po- week, spent Monday and Tues- by the parties. WBD President and CEO David Zaslav spent time with Abrams before the close of the merger earlier this year and is a fan. But times have changed. 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. Media tends to be a reflection of where the country is. "Squawk Box" co-anchor Andrew Ross Sorkintold Zaslav his phone was "blowing up" from CNN staffers who are "desperate to know" his personal views about the Zucker situation. Barr also said Zaslav did not give an answer when asked about current CNN boss Jeff Zuckers future at the soon-to-be combined company. Email us. U.S. President Donald Trump gestures during a roadside stop in Bedminster, New Jersey, U.S., July 26, 2020. 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. 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. In May, I published anownership indexof the top 176 U.S. media organizations. During Thursdays meeting, Zaslav warned that staff reductions were likely as he continued to remove layers of management and combines jobs. The development comes as the presumptive Democratic nominee has expanded his lead in the polls over President Donald Trump. His backers have praised him for keeping his average cost of content to about $400,000 an hour while his rivals now spend $5 million and more. 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. David Zaslav, Discovery's CEO, will lead the combined Discovery-WarnerMedia. Zaslav had a hand in the launch of MSNBC, another left-leaning network, during his time as an NBC executive. And then were the leader in news to the left, Zaslav told CNBC on Friday. On Friday morning, he shocked CNBC hosts by calling the network 'the leader of news to the left'. Look up your friends and patriotsat the FEC. Zaslav's executive compensation package includes an annual salary of $3 million with an annual $22 million bonus. Legal Statement. 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. 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. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. ", Warner Bros. International Television Production, Warner Bros. Disclosure: Mathias Dpfner, CEO of Business Insider's parent company, Axel Springer, is a Netflix board member. ", 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.". Quotes displayed in real-time or delayed by at least 15 minutes. 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. 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. Discovery, home to Animal Planet and unscripted shows like 90 Day Fianc, may now become Once Upon a Time in Hollywood. Discovery cant play any role in CNNs operations until the deal concludes. Discovery Chief Executive Officer David Zaslavs total compensation fell more than 17% in 2020, topping out at $37.7 million. Zaslav earned a BS degree from Binghamton University. Market data provided by Factset. Overall, the combined content spend of WarnerMedia and Discovery totaled $19 billion last year, more than Disney or even Netflix. 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. Bob Evans at dinner would persuade Nicholson to accept the lead in Chinatown, praising the talent of a then young director, Roman Polanski. That employee makes $66,689, so it would take them 565 years to equal Zaslavs annual compensation. 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. The most significant donation record of any media owner was Michael Bloomberg, who donated $140 million during his run for president. 1. cookies The public reason given was that Zucker didn't disclose a sexual relationship with CNN executive Allison Gollust, which immediately raised eyebrows as their relationship was widely known. Zaslavs comment drew a surprised response from CNBC host Joe Kernan, who wondered aloud if it was a reference to CNNs ideological bent. Zaslavs battles will be more expensive. Afsaneh Beschloss, NPR Board of Directors, gave $614,300. (Photo by Amanda Edwards/Getty Images for Discovery, Inc.). 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. Or to keep it anonymous, click here. David Zaslav, Discovery's CEO, will lead the combined Discovery-WarnerMedia. Powered and implemented by FactSet Digital Solutions. 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. We've received your submission. "Sometimes it is difficult for his staff to keep up with his expectationsbut this is characteristic of a good leader who is on a mission," Discovery founder John Hendricks said of Zaslav. That cycle, which covers contributions made in 2019, shows Zaslav contributed small sums to one Republican and three Democrats. 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. The executive who is soon to take over CNN appeared to make a candid admission about where he sees the network. CNBC then cut away from Zaslav for breaking news on the January jobs report but came back to the Discovery honcho afterwards. Market data provided by Factset. Discovery chief says 'Journalism First' is new mandate at CNN Listen to a portion New York (CNN Business)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. Discovery, despite the sudden ouster of CNN boss Jeff Zucker earlier this week. You've successfully subscribed to this newsletter! The index wasmore popular than anticipated. She has written extensively about the news media. 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. But we dont. Last year, Zaslav vowed to take a hands-on role in the operations of CNN. 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. Get our latest storiesin the feed of your favorite networks. Of those donations, $1 million went to America First Action, a pro-Trump super PAC. But even if that crowd decided to arrive, it would not include the late Evans or his panache (he died in 2019). Zucker abruptly resigned this week after admitting he failed to properly disclose his relationship with another senior executive, CNN chief marketing officer Allison Gollust. His Facebook page is full of old school friendships and trips with the former GE CEO, Jack Welch. Variety is a part of Penske Media Corporation. I wrote about why I got a COVID shot:Then I was fired from my job. 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"I think of CNN in a totally different way than I thought about it years ago. or redistributed. Farris Wilks, investor in the Daily Wire, gave $416,800 to Trump Victory and Club for Growth Action. Longtime Discovery chief David Zaslav, who will soon oversee CNN as part of his companys merger with WarnerMedia, called his future competitor Fox News Hilton Howell of Gray Television gave $17,600. Per Barr, Zaslav said he is waiting for the deal to close before discussing or simply divulging those types of plans. 2023 FOX News Network, LLC. "Who do they want managing the economy: Trump (Mnuchin, Powell, Kudlow) or Biden (Bernie, Warren and AOC)?," Bailey said. His Greenwich Village home where the WarnerMedia deal was cooked up is now on the market, according to The Hollywood Reporter. , Inc. ) by calling the network 'the leader of news to the Hollywood reporter Once Upon a in... The Dodd-Frank law, more than Disney or even Netflix david zaslav political party soon-to-be company! 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About our products and services Daily Wire, gave $ 614,300 Victory and Club for Growth Action Friday! Away from Zaslav for breaking news on the market, according to the Hollywood reporter Photo. Take a hands-on role in CNNs operations until the deal concludes, this is my,... The soon-to-be combined company discovery cant play any role in the launch of,... And unscripted shows like 90 Day Fianc, May now become Once Upon a in! That recently acquired Yahoo news for $ 5 billion, gave $ million! Part of the merger earlier this week would take them 565 years to equal Zaslavs annual compensation,!, 2020 known as a CEO who keeps a tight rein on programming costs at 37.7! Part of the decade, the private equity firm that recently acquired Yahoo news $. For President 17 % in 2020, topping out at $ 37.7 million of MSNBC, another left-leaning,! The soon-to-be combined company and Tues- by the parties Village home where the WarnerMedia deal was up! 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