We now live in a much less transparent time. Discovery and has publicly committed to keeping CNN after the merger. "It's the only media company that I've worked with in the last two decades where building a unified global presence was a core part of the strategy," said Joe Ravitch, co-founder of Raine, the media-focused merchant bank. ", 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.". Discovery, home to Animal Planet and unscripted shows like 90 Day Fianc, may now become Once Upon a Time in Hollywood. Definitely to the left, Kernen said. This material may not be published, broadcast, rewritten, Amanda Edwards/Getty Images for Discovery, NOW WATCH: Customers expect CEOs to take action against climate change now more than ever, Unilever executive says, would unite Discovery with AT&T's WarnerMedia, which could concern WarnerMedia employees, "move-fast and break things" style of the WarnerMedia's current chief executive, Jason Kilar. We want to hear from you. both parties caucus processes. stretch its balance sheet, bet-tentially having little incentive tential of that. day in the state. Even his wife, Clare Boothe Luce, herself a Republican member of Congress, chastised him publicly for his relentless coverage in Time of Barry Goldwaters GOP nomination for president. 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. 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. 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[45] His daughter Ali Zaslav is a congressional producer with CNN.[53]. Biden has said he wants to raise the corporate tax rate to 28% from 21%. Only 60 people in media leadership had donated more than$2,000 to a political candidate since 2019. The parties within its walls were glitzy, the arguments were epic and the scandals provided perfect gossip fuel. And when asked about the future of cable, the former protector of the cable bundle acknowledged that the medium is declining, but believes it will still stick around a lot longer than people think.. His salary remained locked at $3 million. Variety and the Flying V logos are trademarks of Variety Media, LLC. (Photo by Mike Coppola/Getty Images for WarnerMedia). In awarding Zaslav his 2020 cash bonus, the board determined the Discovery chief But Zaslav is likely to get at least a warm initial reception. The answer would soon come. Have a tip or story idea? It's unclear which political direction Discovery CEO David Zaslav wants to take the network in. [34], In May 2021, it was announced that Zaslav would serve as CEO of a proposed merger of Discovery with a spin-out of AT&T's WarnerMedia. Brooklyn-born Zaslav attended high school in Rockland County, where he was captain of the tennis team. James Murdoch, who left the family Fox News business, donated over $2.25 "David Zaslav: "The future of cable is that it's declining" but says "It offers a unique proposition to advertisers. 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. Discovery Chief Executive Officer David Zaslavs total compensation fell more than 17% in 2020, topping out at $37.7 million. [23] As CEO, Zaslav oversaw the development and launch of new networks such as Planet Green (later rebranded as Destination America),[24] The Hub,[25][26] Oprah Winfrey Network (OWN),[27] Velocity,[28][29] and Investigation Discovery,[30] as well as the company's 2018 acquisition of Scripps Networks Interactive,[31] expansion of its digital education operations,[32] and current emphasis on streaming services. She also wrote a $46,100 check to the McCarthy Victory Fund in June. Insider say he's known for relationship building but also being demanding with staff. [46] He is chair of the Auschwitz: The Past Is Present Committee which promotes awareness of the Holocaust. Zaslav is also known as a CEO who keeps a tight rein on programming costs. James Zelter, co-president and CIO of Apollo Global Management that owns Yahoo News, gave $35,900 to Republicansand $25,200 to Democrats. 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. Then, sheepishly taking back his question, Kernen said, that was an aside. Pre-pandemic, David Zaslav's end-of-summer parties in the Hamptons were a legendary networking event for anyone in media. 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. Discovery executives are treating Zuckersunexpected exit as a fresh startfor CNN, according to the networks own media reporter, Brian Stelter. 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. Story tips can be sent tobrian.flood@fox.comand on Twitter: @briansflood. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. What investors need to know about Biden's economic vision. But we dont. After all, he intended to spend more time on it, and style is as important in tennis as it is in show business. Quotes displayed in real-time or delayed by at least 15 minutes. Where the country was when we launched MSNBC was much more fact-based and less divided.. 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. Sprecher's total was the most he's given in the past two presidential election cycles. Under Zuckers leadership, CNN cultivated an antagonistic relationship with former President Donald Trump and other prominent conservatives. But what sort of a time will it be? With Democratic voters po- turnout to overcome any po- week, spent Monday and Tues- by the parties. To sustain that position, Zaslav will have to drastically readjust his spending habits. That employee makes $66,689, so it would take them 565 years to equal Zaslavs annual compensation. Jeff Zucker is considered to be the person responsible for the CNNs shift away from the nonpartisan outlet it was before his tenure. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. As Trump and other Republicans slide in the polls, the idea that taxes could go up under a Democratic administration and Congress has forced GOP donors off the sidelines, according to people helping raise money for GOP organizations. The most significant donation record of any media owner was Michael Bloomberg, who donated $140 million during his run for president. 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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. I agree with TheWrap's Terms of Service and Privacy Policy and provide my consent to receive marketing communications from them. 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. 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. Market data provided by Factset. ", JEFF ZUCKER OUT AT CNN AFTER FAILING TO DISCLOSE CONSENSUAL RELATIONSHIP WITH COLLEAGUE: I WAS WRONG. Zucker is considered to be the person responsible for the CNNs shift away from nonpartisan... What sort of a time in david zaslav political party real-time or delayed by at least minutes... 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