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His newsletter is at robertreich.substack.com, Original reporting and incisive analysis, direct from the Guardian every morning, The show was cancelled by Chris Licht, CNNs new chairman and CEO, who reportedly was not a fan of Stelters opinionated style., or several years, Brian Stelters Sunday show on, stop referring to Donald Trumps big lie, Saving Capitalism: For the Many, Not the Few. 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. Sprecher also gave at least $106,500 to the National Republican Senatorial Committee, the official campaign arm of Republicans running for Senate seats. Though he admitted to researching forthcoming accusers, he vehemently denied to investigators setting out to discredit them. Aug 20, 2022. joan cusack richard burke. Although a diligent law student, during his 3 years in Boston, Zaslav had a good time. Its stock rose 300% between 2007 and 2009. Zaslav decided to study law at Boston University. This material may not be published, broadcast, rewritten, David Zaslav is the CEO of Discovery Communications, one of the biggest cable conglomerates in the world. Why? What else could a person, Read More 20 Winnie The Pooh Quotes That Apply to BusinessContinue. Last November, Zaslav told Deadline that he would take a hands-on approach at CNN and other WarnerMedia properties. 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. Given six seats on the new company's board, Zaslav and Discovery appointed a roster of all white male directors. The network boss camped out in mid-July in . The Discovery-WarnerMedia merger is expected to close in mid-2022. "CNN is a fantastic asset, I cant wait to get in there. 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. 'Being that WarnerMedia's standards of business conduct require disclosure of relationships that develop with a boss and subordinate, Zucker's goose was officially cooked,' the report added. In his contract extension, Zaslav also received stock options valued at $190 million. [12] At the age of 8, he moved to Rockland County where he graduated from Ramapo High School. "I, and we as a company, we are a fighter for news. 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. Where the country was when we launched MSNBC was much more fact-based and less divided.. During his tenure with DISCA, David Zaslav has brokered important deals. Market data provided by Factset. 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.. Zaslav said the advertising market was weaker than at any point during 2020's coronavirus . With over 10 years experience he's covered businesses, CEOs, and investments. Most of the CEOs' 13 direct reports, many of whom were recent hires, are white . [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. ', 'If that's the case, this is a domino effect, that begins with Andrew Cuomo going down in the governor's office, and then Chris Cuomo gets fired from CNN, and then Jeff Zucker losing his job.'. Zaslav turned it into . Zaslavs negotiating expertise and vision of the future of cable television helped forge his career in the broadcast industry. The CEO of Discovery, David Zaslav, appeared on CNBC Friday in an interview discussing the company taking over CNN and allegedly misstated that the network was the leader in news to the left when . He went to college to play tennis. In December, a spokesman for Cuomo accused Zucker of knowing everything about his involvement in trying to help his brother while he navigated a sexual harassment scandal. 'In terms of CNN+ we couldn't be more excited about the fact that they've been hiring great journalists,' he said, likely referring to the hiring of former Fox News anchor Chris Wallace. [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. David Zaslav, the longtime leader of Discovery, sketched out his vision for the newly formed Warner Bros. Chris Cuomo refused to leave CNN quietly after being fired for helping quash sex assault allegations against his brother, disgraced ex-New York Governor Andrew Cuomo - and he was 'trying to burn the place down' when he ousted Jeff Zucker's secret relationship with a senior network executive. We're not involved in any of that,' Zaslav said. This attorney also worked with the Discovery Channel and MTV which were struggling new cable stations at the time. . [49], In 2014, Zaslav was awarded the Fred Dressler Leadership Award by Syracuse University's S. I. Newhouse School of Public Communications. Global Kids, Young Adults and Classics, https://en.wikipedia.org/w/index.php?title=David_Zaslav&oldid=1142395296, American chief executives in the media industry, American people of Ukrainian-Jewish descent, Articles with dead external links from July 2019, Articles with permanently dead external links, Articles with dead external links from February 2023, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 2 March 2023, at 04:25. Licht has told CNN staff they should stop referring to Donald Trumps big lie because the phrase sounds like a Democratic party talking point. Discovery CEO David Zaslav addressed the company's controversial decision this week to cancel releases for " Batgirl " and "Scoob! See Barrs tweets at the bottom of this post. Zaslav himself hasnt helped matters stating that CNN would feature more right-wing viewpoints planting a flag for the center but what can readily available data tell us about the executive. His new book, The System: Who Rigged It, How We Fix It, is out now. LIBERTY MEDIA CHAIRMAN CHIDES CNN TO 'ACTUALLY HAVE JOURNALISTS' FOLLOWING AT&T-DISCOVERY MERGER, "None of us had anything to do with it. 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. ', Nevertheless, the remark went viral, prompting mirth and mockery from both the left and the right, with one Twitter user remarking: 'Bias confirmed. According to arecent Axios report, Licht isevaluating whether CNNs staffers can adjustto the new approach. "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. By Chip and Joanna Gaines. But he also contributed $100,000 to the Nancy Pelosi Victory Fund, and $124,000 to the Democratic Congressional Campaign Committee. I think youre seeing more of that at CNN. The reason? Discovery's CEO has sparked confusion by calling CNN 'a leader in news to the left' ahead of his company's acquisition of the network, though it appears to have been awkward phrasing to describe the company's portfolio, rather than political leanings. [45] His daughter Ali Zaslav is a congressional producer with CNN.[53]. The final straw came after New York AG Letitia James' office released damning evidence where text messages proved he was more deeply involved than he'd let on. For several years, Brian Stelters Sunday show on CNN, Reliable Sources, has been a reliable source of intelligent criticism of Fox News, rightwing media in general, Trumpism, and the increasingly authoritarian lurch of the Republican party. : Holiday Haunt," during the company's Q2 . Last week,Discovery reportedit had reached 20 million paying streaming subscribers worldwide by the end of September. U.S. President Donald Trump gestures during a roadside stop in Bedminster, New Jersey, U.S., July 26, 2020. people whose views might not be in the mainstream. 10573. With his law degree, Zaslav took a position at the prestigious New York City firm of LeBouf, Lamb, Lieby & MacRae in 1985. 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. Discovery CEO David Zaslav said CNN is renewing its focus on "journalism" signaling he wants the scandal-scarred, left-leaning network to eventually deliver straigh Malone also wants the news portion of CNN to be more centrist. Other notable S&P 500 CEO contributions to Republican led groups in the second quarter include Robert Bradway, the chief executive of biopharmaceutical company Amgen; Daniel Amos, the CEO of insurance giant Aflac; and Gregory Brown, the CEO of Motorola Solutions. 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.. Zaslav's remarks come just days after the spectacular ouster of CNN boss Zucker, who resigned under a cloud this week. One area where there is a lot of focus on developing technology to improve peoples lives, Read More The Bionic Lens Could Lead to Better Than 20/20 VisionContinue, Lockdown may be slowly lifting in some states, but in New Jersey, the shutdown is still in full force. But he was reportedly given no choice by WarnerMedia CEO Jason Kilar, who characterized the change as his decision at an emotional meeting with CNN Washington staff members on Wednesday night. 'I do believe good journalism could have a role in this future portfolio that Discovery-TimeWarner's going to represent.'. Zaslav is expected to name Zuckers permanent replacement when the merger closes. Two weeks earlier, Zaslav, the president and CEO of Discovery since 2007, had pulled off the slickest coup in the current era of megamergersa $43 billion deal hashed out in spy-like secrecy . The titan next door. Garrett by trade is a personal finance freelance writer and journalist. However, in November last year after news of the impending merger was announced, Malone made it clear that he was not a fan of the direction CNN had gone in under Zucker, who took the helm in 2013. He was born in Rockland County, New York, 3. Biden has said he wants to raise the corporate tax rate to 28% from 21%. Raising the corporate tax rate is not exactly conducive to growing revenue or earnings," Eberhart said. Recently, Zaslav negotiated a contract that runs through 2019. 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. Zaslav saw the potential of further expansion through OWN because of Winfreys history of launching successful new talent such as Dr. Phil. When Discovery CEO David Zaslav and a handful of colleagues visited AT&T's Dallas headquarters in May 2021 to finalize the megamerger that . 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 quarter. "Was there any conjecture that John Malone is behind the curtain? The details about his parents and siblings are not disclosed in any source. This material may not be published, broadcast, rewritten, or redistributed. Discovery cant play any role in CNNs operations until the deal concludes. After graduating from high school, David Zaslav went to Cornell University to play tennis. David Zaslav is President and Chief Executive Officer of Warner Bros. We must make sure we dont give platforms to those who are lying to our faces.. . Cuomo's legal team ultimately told CNN investigators that it washypocritical to suggest that the host had a personal conflict of interest while Zucker had failed to disclose his own relationship with comms chief Allison Gollust - even though it was an 'open secret' at the company. According to TV ratings agency Nielsen, CNNs weekend ratings for the month were the lowest of the year in both the all-important 25- to 54-year-old demographic and total viewers. David Zaslav the CEO of . Per Barr, Zaslav said he is waiting for the deal to close before discussing or simply divulging those types of plans. Graphic Policy believes in journalistic integrity and transparency. Date Of Birth. Joint ventures of DISCA include unions with OWN, the cable channel of Oprah Winfrey, and Hasbro. ", Warner Bros. International Television Production, Warner Bros. 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. Soon after he started with the firm, he began working with the new partner who was the general counsel for Warner Brothers. Is it a good one? The company did not break out Discovery+ numbers specifically, so this tally includes its other, much smaller SVOD platforms, but the majority of that 20 million figure is made up of Discovery+ numbers, per Discovery. They want to fix the shows first, but they dont realize the shows and ratings are connected.. Discovery CEO David Zaslav said Friday on CNBC that he had nothing to do with Jeff Zuckers CNN exit. 19.8 %- . 2 min read. Most recently he exercised 903,970 units of DISCA stock worth $20,185,650 on 18 January 2022.. So whats motivating Zaslav? Instead, he received a Bachelor of Science degree. But the left-leaning networks ratings slide began well before new management took over. His older brother graduated from Binghamton and went on to Medical School. Zaslav helped NBCs cable division expand and grow. 80.2 %-Republican Party. for their coverage of . Its unlikely that Malone instructed Zaslav to tell Licht to fire Stelter. Zaslav is listed as living in New York and all three are politicians from New York. ", 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.". A source told Deadlines Dominic Patten and Ted Johnson that even if Malone didnt order Stelters ouster, it sure represents his thinking. Anyone who has purchased a car from a dealer knows how difficult and time consuming the process can be. The Cook Political Report marks six Republican-held Senate seats in Colorado, Georgia, Iowa, Maine, Montana and North Carolina as toss ups. Graphic Policy does purchase items from these sites. Discovery chief executive David Zaslav's last name. We are no longer accepting comments on this article. Warner Bros. Text. Wright envisioned broadcast network getting into cable television as cable was rapidly growing with business, news and entertainment channels. Keith Griffith For Dailymail.com, Is this the end of CNN's left-wing bias? In the last 48 hours Warner Bros. Discoverys CEO David Zaslav has been painted as a villain. ', Keith Olbermann, the former MSNBC commentator, responded in a tweet saying: 'Well Sir, if you really mean this I have a great programming idea for you at 9 PM.'. Warner Bros. Apart from being praised for turning Discovery into an international powerhouse, not much is known about David's private life. Zaslav was cut off and did not finish his thought, but a spokesperson for Discovery told the New York Post that he was not using the term 'left' in the political sense, but rather to organize his conversation about Discovery's portfolio. Whoops! Quotes displayed in real-time or delayed by at least 15 minutes. David Zaslav Net Worth. I am in a different position and I am working with a different standard than these other politicians I understand why they have to say what they are saying. Zaslav helped Wright get NBC into the cable field with the development of CNBC and MSNBC. Did you say to the left? Kernan said, before taking back the question, saying he probably shouldnt have said that.. Following this, he graduated from Boston University School of Law with a JD with honors in 1985 and started his career as an attorney with LeBoeuf, Lamb, Lieby and MacRae in New York. 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. David Zaslav, the chief executive of Discovery who will lead the new company, appointed many of his longtime lieutenants to key positions overseeing areas like cable networks, streaming, revenue . The CEO's CEO. Quotes displayed in real-time or delayed by at least 15 minutes. Even straight news reporting depends on what stories are featured, which facts are highlighted and the context surrounding the news. 'Discovery's largest shareholder, John Malone, a critic of CNN, made it known that corporate procedures had to be followed to the letter in regards to Zucker, we hear,' Deadline reported on Wednesday. In his contract extension, Zaslav also received stock options valued at $190 million, making him one of the highest-paid entertainment executives in the world. In the last 48 hours Warner Bros. Discovery's CEO David Zaslav has been painted as a villain. AP At this writing, shares in Discovery, Inc. traded just north of $24. Got a confidential news tip? The largest trade he's ever made was exercising 2,947,078 units of Discovery Inc stock on 16 January 2015 worth over $71,820,291. 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. 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. The CEO of Warner Brothers Discovery is David Zaslav. Zaslav got a bit of a break when his firm sent him to work as counsel at the Discovery Channel. David Zaslav, who led the merger with CNN and Discovery, donated over $240,000. The development comes as the presumptive Democratic nominee has expanded his lead in the polls over President Donald Trump. 'I will not resign. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. We have estimated David Zaslav's net worth, money, salary, income, and assets. Discovery WBD -3.1% CEO David Zaslav says he wasn't sending a message with his decision to quickly kill off CNN's short-lived streaming channel, CNN+. 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. (2 minutes) Warner Bros. ', CNN then hit back, saying: 'He has made a number of accusations that are patently false. A Real Clear Politics polling average shows Biden ahead of Trump by close to 10 points. JIM RISCH FOR U.S. SENATE COMMITTEE - Republican, NCTA - THE INTERNET AND TELEVISION ASSOCIATION POLITICAL ACTION COMMITTEE (NCTA PAC), Discovery Communications Llc/Discovery Communications Llc/President And Chief Executive Officer, Discovery, Inc/Discovery, Inc/President And Ceo, Discovery, Inc./Discovery, Inc./President, Discovery Communications/Discovery Communications/President & Ceo, Discovery, Inc./Discovery, Inc./President And Chief Executive Officer, Discovery Communications/Discovery Communications/Ceo. Within a year, DISCA went public on the NASDAQ stock market and the stock rose 300% in value and expanded internationally. Of those donations, $1 million went to America First Action, a pro-Trump super PAC. CNNs political stance is a source of frequent scrutiny in the news industry. Its required. Zaslav, who took the helm of Discovery and WarnerMedia after it merged to form Warner Bros. While we dont know his political party identification right now, we can look up Zaslavs donations to candidates and PACs. And while Cuomo was placed on leave after evidence from James' office proved just how involved he was in trying to quash his allegations against his brother, he was ultimately fired days later when a lawyer contacted the network with a sexual harassment allegation stemming from his previous job at ABC. He was excited by entertainment law at Boston University, 4. Discovery CEO David Zaslav said Friday on CNBC that he had nothing to do with Jeff Zuckers CNN exit. The pair claim their relationship turned romantic during the pandemic but others say it far predates COVID, and was common knowledge for as many as eight years. The rest of the business, meanwhile, is . The President and Chief Executive Officer of Discovery Inc., David M. Zaslav aka David Zaslav was born and brought up on 15th January 1960 in Brooklyn, New York, the United States. Zucker was meant to keep a key role in the new company. [16], Zaslav joined NBC in 1989. He realized that he was not going to become a professional tennis player. The father of three teenage children, David have been able to enjoy a blissful marriage with is lovely wife Pam Zaslav. Data is a real-time snapshot *Data is delayed at least 15 minutes. Judith McHale was the attorney working with Discoverys John Hendricks to raise money to get the cable channel growing. We don't own the company yet. John Malone said it would be good if CNN had some journalists, that would be where Id start," CNBC anchor Joe Kernen said, paraphrasing Malones 2021 remarks. He negotiated deals with Comcast, Time Warner and Direct TV. Definitely to the left. When you follow the money behind deeply irresponsible decisions at the power centers of America today, the road often leads to rightwing billionaires. But one well-placed source told The Post that the ratings have taken a hit due in part to removing such sensational and delicious details that have become commonplace in cable news. 04/06/2016. As Republicans move further rightward into the netherworld of authoritarianism, theres even less possibility that CNNs news coverage will be able to satisfy them, nor should CNN even try. 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. But CNN is never going to be the network preferred by Republicans. 'I told him, 'If you have done nothing that you believe was wrong, don't resign,' Cuomo told investigators. 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. Zaslav is Jewish and describes his family life as normal. Discovery CEO David Zaslav, who's taking over CNN. 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. Discovery CEO David Zaslav raised the curtain on the combined Warner Bros. . Journalism first. While there, he was excited by the entertainment law the firms practiced. Thats only three politicians donated to and all are Democrats. Despite weak ratings for Reliable Sources, the show still outpaced CNN prime-time hosts like Anderson Cooper and Don Lemon for the quarter in terms of total viewers, Nielsen said. 'READ THIS,' Cuomo said. When such a disclosure does not exist, you can assume that the items have been purchased for review. They developed the Consumer News and Business News Channel which focused on business news by day and consumer news by night. Zaslav was speaking at the Paley International Council Summit when . Zaslav's plan is to focus on making as much money as cheaply as possible. Zaslav is a member of several boards including Sirius XM Radio, Lions Gate Entertainment, National Cable and Telecommunications Assoc., The Cable Center, Grupo Telviso, and USC Shoah Foundation. Although he was suspended, he was ultimately fired when a lawyer told CNN he was being investigated for sexually harassing a co-worker years earlier at a different network. 'They were widely known to be extremely close and in regular contact, including about the details of Mr. Cuomo's support for his brother,' the spokesman told the Wall Street Journal. [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. For now, a trio of CNN executives will assume Zuckers responsibilities at the network. The highest CEO in the United States, his salary in 2015 was $156,000,000. Why it matters: Ratings are secondary to credibility, in the view of Warner Bros. David has made over 19 trades of the Discovery Inc stock since 2009, according to the Form 4 filled with the SEC. Keith Griffith For Dailymail.com So, how much is David Zaslav worth at the age of 62 years old? "It's clear Team Trump needs to break the glass and pull the fire alarm. [46] He is chair of the Auschwitz: The Past Is Present Committee which promotes awareness of the Holocaust. Mutual Fund and ETF data provided by Refinitiv Lipper. He is married to Pam and they have three children. In a matter of months, the $1.7 billion global news gathering operation will be run by Discovery, whose acquisition of CNN parent WarnerMedia is expected to pass regulatory approval and close as . David Zaslav arrives at the 2013 Allen & Company Sun Valley Conference, wearing one of his trademark sweater vests. In 2017, he donated $250,000 to Trumps inauguration. Discovery, despite the sudden ouster of CNN . Before her recent spending spree, Catz had given very few political contributions this cycle. Further details about the allegation were unclear. Unlike WarnerMedia's last CEO, new chief David Zaslav is embracing movie theaters and traditional cable . He donated $250,000 to Trump's inauguration in 2017 and has made no secret of the fact that he, like Trump and millions of others, think CNN has become too left-wing and biased. Discovery CEO David Zaslav will move to Los Angeles to run the new content giant to be created by . 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. Besides, how is it possible to report on Trump or Rudy Giuliani or any number of todays Republican leaders and not speak of the big lie, or say theyve broken norms if not laws? 'We have this great entertainment menu, which should keep people in the home, from the kids to the grandparents. I don't tolerate a lot of oppo research on any level. "David Zaslav: "The future of cable is that it's declining" but says "It offers a unique proposition to advertisers. Licht also wants more straight news reporting, along with more conservative guests. 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.