Eric Zinterhofer, board member of Univision, gave $102,000. His Facebook page is full of old school friendships and trips with the former GE CEO, Jack Welch. Zucker abruptly resigned this week after admitting he failed to properly disclose his relationship with another senior executive, CNN chief marketing officer Allison Gollust. Of those donations, $1 million went to America First Action, a pro-Trump super PAC. Mediaite regrets the error. Discovery and has publicly committed to keeping CNN after the merger. university The issue is that not enough of his In awarding Zaslav his 2020 cash bonus, the board determined the Discovery chief 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. [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. 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 In another coup, in 2008, Zaslav convinced Winfrey to go into business with him and create a cable channel together. It's unclear which political direction Discovery CEO David Zaslav wants to take the network in. I found these figures wanting. James Zelter, co-president and CIO of Apollo Global Management that owns Yahoo News, gave $35,900 to Republicansand $25,200 to Democrats. Senator from Idaho Jim Risch, amounted to a total of $5,600. [6][7], Zaslav was born to a Polish and Ukrainian Jewish family[8][9][10][11] in Brooklyn, New York. Too many people in power are gaming the system. "Was there any conjecture that John Malone is behind the curtain? While Evans principal scenario was to package the chemistry between filmmakers and top stars, Zaslavs social objectives may be more corporately focused. The Discovery-WarnerMedia merger is expected to close in mid-2022. Zaslav had a hand in the launch of MSNBC, another left-leaning network, during his time as an NBC executive. AT&T CEO John Stankey, who oversees WarnerMedia, has been focused on the merger with Discovery, and is thought to be disinterested in any aspect of the CNN operation. 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. We need radical transparency from media and social media platforms on which politicians, super PACs and lobbyists they fund. That cycle, which covers contributions made in 2019, shows Zaslav contributed small sums to one Republican and three Democrats. Powered and implemented by FactSet Digital Solutions. + Newsmax owner Chris Ruddy gave $365,000 to Donald Trump and his super PACs. Overall, I think wed be better off if we just had news networks, but we dont.. Market data provided by Factset. Sign up for free newsletters and get more CNBC delivered to your inbox. Legal Statement. He's also known for squeezing costs out of operations, which could concern WarnerMedia employees who've already been through years of restructuring under AT&T. Discovery. It's now available in every corner of the globe. 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. Having pulled off the media coup of the decade, the energetic executive will preside over the Warner-Discovery group. 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. Sinclair Broadcasting and Nexstar executives give to the National Association of Broadcasters. 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. Now he will oversee WarnerMedia. 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 continuously updated summary of the news stories that US political commentators are discussing online right now. All that represents both serious business and serious persuasion disciplines that place the Regency house in Beverly Hills in a vastly different role. 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. In media news today, an AP reporter spars with the State Departments Ned Price over allegations on Russia, a report claims that Jeff Zucker and Allison Gollust gave Andrew Cuomo COVID talking points to combat Trump, and an MSNBC broadcast gets interrupted by a Lets Go Brandon flag. Premium access for businesses and educational institutions. Zaslav is expected to name Zuckers permanent replacement when the merger closes. 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. 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. 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. The answer would soon come. Brooklyn-born Zaslav attended high school in Rockland County, where he was captain of the tennis team. 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. Discovery, home to Animal Planet and unscripted shows like 90 Day Fianc, may now become Once Upon a Time in Hollywood. The Evans events promised a sort of promiscuous elegance: Behind one door you would find the esteemed Helmut Newton photographing two lissome nudes passionately entwined; or Teddy Kennedy swigging beer amidst a bevy of starlets; or Henry Kissinger explaining Vietnam policy to Jill St. John; or agent Sue Mengers disseminating film gigs along with quality weed. Later in the CNBC interview, Zaslav referred to growth on the right side of the company, which he described as including WarnerMedia-owned HBO and a growing portfolio of sports rights. The most significant donation record of any media owner was Michael Bloomberg, who donated $140 million during his run for president. Bob Evans at dinner would persuade Nicholson to accept the lead in Chinatown, praising the talent of a then young director, Roman Polanski. Full transparency of political funding allows journalists to hold newsroom and social media platform owners to account. [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. didn't, they say, have many progressive ideas. His salary remained locked at $3 million. Raising the corporate tax rate is not exactly conducive to growing revenue or earnings," Eberhart said. Edward Atsinger, a leading evangelical and co-founder of conservative Townhall Media,gave about $30,000. He was granted no options. 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. 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. [20][21], Zaslav became CEO of Discovery Communications in November 16, 2006, succeeding Judith McHale. [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. Discovery cant play any role in CNNs operations until the deal concludes. Those two tend to split viewers, and Fox News is regularly No. Barry Diller, owner of The Daily Beast and Investopedia, gave $120,000. 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. Craig Newmark has donated close to $100 million to journalism schools, content moderation research, new digital media outletsand journalists, as have Reid Hoffman, co-founder of LinkedIn, and big foundations like the Knight Foundation, Heritage Foundation, Open Markets Instituteand Pierre Omidyars Democracy Fund. Dominic Patten / Deadline: David Zaslav Praises CNN Adding More GOP Voices; Balance Strategy Is Important, Warner Bros Discovery Boss Says. Discovery, weighing in on content, forcing out executives and cutting costly projects like CNN+ while schmoozing with top Hollywood talent. 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. Per Barr, Zaslav said he is waiting for the deal to close before discussing or simply divulging those types of plans. 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. Where do they give money for political gain around regulation and governance? [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. This story has been shared 108,510 times. 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. 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. During Thursdays meeting, Zaslav warned that staff reductions were likely as he continued to remove layers of management and combines jobs. Dan Eberhart, a longtime prominent Republican donor, told CNBC he senses that wealthy financiers are going to start lining up behind Trump. This material may not be published, broadcast, rewritten, 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. This material may not be published, broadcast, rewritten, or redistributed. 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. Discovery in April 2022. 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.. The Discovery CEO also was early in laying foundations overseas, where rival media companies are now trying to bulk up. But here is where it fell short. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Disclosure: Mathias Dpfner, CEO of Business Insider's parent company, Axel Springer, is a Netflix board member. [2] Zaslav spearheaded the transaction between AT&T and Discovery to combine with WarnerMedia and create the combined Warner Bros. "He's masterful at presenting himself as an aw-shucks guy from Rockland County, but underneath in the middle of a deal he's more aggressive than one of the great whites on 'Shark Week,'" said a friend. Jean-Briac Perrette, president and CEO of Discovery International, earned $10.4 million total compensation, down from $14.4 million in 2019. According to Deadline, he even made it known that corporate procedures had to be followed to the letter in regards to Zucker., Have a tip we should know? Powered and implemented by FactSet Digital Solutions. 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. WebHome. Zaslav is on the board of Mexican programming giant Televisa, now merging with Univision. Zaslav made a similar remark during an AT&T and Discovery joint news conference in May 2021, describingthe left side of the joint company as everything other than the content.. or redistributed. Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. Before her recent spending spree, Catz had given very few political contributions this cycle. 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. Brian Flood is a media reporter for Fox News Digital. Discovery CEO David Zaslav, whose media giant is set to close its merger with CNNs owner WarnerMedia this spring, made the surprise remark during a Discovery, Zaslav is turning off the content spigot and reorienting the company into something much more fiscally (and potentially culturally) conservative. We support credit card, debit card and PayPal payments. And John Malone, when you hear him, hes still a big part of your life, a big part of Discovery, if he said we need CNN to go back to reporting news". personalising content and ads, providing social media features and to 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. Pre-pandemic, David Zaslav's end-of-summer parties in the Hamptons were a legendary networking event for anyone in media. The lack of transparency in super PAC donations loomed as we scoured the FEC database. I probably shouldnt have said that.. 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. [35][36] Zaslav's executive compensation package includes an annual salary of $3 million with an annual $22 million bonus. Usually you ditch people. [13][14] He was captain of the varsity tennis team.[15]. CEO David Zaslav has quickly put his stamp on Warner Bros. [51], In 2022, he was named one of Time's 100 Most Influential People. 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. [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. After all, he intended to spend more time on it, and style is as important in tennis as it is in show business. About Us; Staff; Camps; Scuba. Biden has said he wants to raise the corporate tax rate to 28% from 21%. But at Warner Bros. Deadline is a part of Penske Media Corporation. Jeff Zucker is considered to be the person responsible for the CNNs shift away from the nonpartisan outlet it was before his tenure. But he also contributed $100,000 to the Nancy Pelosi Victory Fund, and $124,000 to the Democratic Congressional Campaign Committee. Discovery Chief David Zaslav 2020 Pay Drops to $37.7 Million. 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. Jeff Zucker is considered to be the person responsible for the CNNs shift away from the nonpartisan outlet it was before his tenure. The Bloomberg, Powell Jobsand even Murdoch setups are now bizarrely comforting: At least we know where they stand, and the money is domestic. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. (Photo by Mike Coppola/Getty Images for WarnerMedia). The Cook Political Report marks six Republican-held Senate seats in Colorado, Georgia, Iowa, Maine, Montana and North Carolina as toss ups. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. Why? But storm clouds were on the horizon. 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. 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. met 98.2% of his quantitative goals and 100% of his qualitative goals. Media tends to be a reflection of where the country is. Stay up to date with what you want to know. "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. Journalism is not meant to be public relations for political parties. 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. Zaslav needs the house as badly as it needs Zaslav. "After Biden released his economic plan, I would expect CEO donations to President Trump to accelerate. We want to hear from you. Sign up for notifications from Insider! Sprecher's total was the most he's given in the past two presidential election cycles. So maybe Zaslav isnt offended by the transparent political bias There are just under 100 days until Election Day. 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. People helping raise money for these Republican organizations told CNBC that the idea of taxes going up has struck a nerve with GOP donors and forced them off the sidelines after being largely absent throughout the 2020 election cycle. and other data for a number of reasons, such as keeping FT Sites reliable and secure, This time, the bulk of Zaslavs compensation came from stock awards ($12.5 million) and non-equity incentive plan compensation ($21.8 million). And John Malone, a top shareholder at CNNs soon to be parent Discovery, has made clear he disagrees with Zuckers vision for CNN. Is this newly minted class of wealth really absent from politics and political influence? Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) Sure, Henry Luce, the iconic publisher of Time, Fortuneand Life magazines, put his thumb on the scale. 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. 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. Oracle Chairman Larry Ellison has also been close to the president and was one of the donors advising Trump at the start of the pandemic. Zaslavs battles will be more expensive. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. His well-documented views were notsecret. (Photo by Amanda Edwards/Getty Images for Discovery, Inc.). David Zaslav, Discovery's CEO, will lead the combined Discovery-WarnerMedia. David Zaslav, Discovery's CEO, will lead the combined Discovery-WarnerMedia. But what sort of a time will it be?
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