The total accounted loss was nearly $25 billion off the company's market cap. Making purchases through these links helps support the site. 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. don't wanna make things that are political, topical, alienate Middle . 19.8 %- . Zucker and Allison Gollust had worked together for 20 years. Internationally, DISCA has greatly expanded under Zaslavs reign. Sources told Politco: 'Cuomo's legal team asserted that Zucker was hypocritical to suggest Cuomo had a personal conflict of interest when the relationship with Gollust represented a potential conflict as well,' the outlet reported. 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. [40] Some of those projects were "practically finished" or in the late stages of post-production, including Batgirl and Scoob! Discovery CEO David Zaslav said Friday on CNBC that he had nothing to do with Jeff Zuckers CNN exit. Any amount given between Jan. 1, 2017, and Aug. 31, 2018, was taken into account for this list. 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. Deadline reported last night that it was Malone who insisted on Zucker's departure after learning of the affair. "Well have to see, really.". Keep following the money. [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. 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. David Zaslav does not give an answer when asked about Jeff Zucker's future at a combined WarnerMedia and Discovery because the deal hasn't closed yet, Ken Auletta: "What's the future of cable? CNN's statement announcing Cuomo's termination cited only his 'conduct with his brother's defense' in its decision to terminate the anchor. 'I will not resign. Cuomo's spokesman denied the claim, saying: 'These apparently anonymous allegations are not true.'. Is it a good one? Zucker abruptly resigned this week after admitting he failed to properly disclose his relationship with another senior executive, CNN chief marketing officer Allison Gollust. He is married to Pam and they have three children. With the financial stability, David Zeslav's family is likely to have prolific future ahead. Zaslav's executive compensation package includes an annual salary of $3 million with an annual $22 million bonus. Sprecher's total was the most he's given in the past two presidential election cycles. He worked with Discovery as an attorney. Its made up of a collection of all of the films that have been produced in the country of India. Though Zaslav himself did not dispute the context of the comment when Joe Kernen asked for clarification, his true intent was made clear when Zaslav followed up by saying he views sports as being on the . Please reload the page and try again. He was born in Rockland County, New York. Zaslav, however, did tip his hand as to how he views CNN's political orientation, a view that seems to align with comments made last year by Malone, who has been openly . Quotes displayed in real-time or delayed by at least 15 minutes. Earlier this year, after former President Donald Trump left office, CNNs ratings took a 90% nosedive both overall and in the demographic coveted by advertisers in the first week of January. Currently, DISCA is present in 200 countries and territories. David Zaslav Political Campaign Contributions 2020 Election Cycle. DISCA runs 13 cable stations in the United States including Animal Planet and TLC. They are doing that, and there's still time," Eberhart said. I agree with TheWrap's Terms of Service and Privacy Policy and provide my consent to receive marketing communications from them. With his law degree, Zaslav took a position at the prestigious New York City firm of LeBouf, Lamb, Lieby & MacRae in 1985. 2023 FOX News Network, LLC. CNN, like MSNBC, serves liberal audiences. Mediate recently reported that Stelter and Acosta beat out CNNs weekday primetime programming a rare feat that demonstrates just how bad things are at CNN. 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. AP. The CEO of Warner Brothers Discovery is David Zaslav. He is on the board of directors of the Cato Institute. . In his free time, he enjoys hobbies such as playing golf and tennis. It also coincided with a historic low for the network on Saturday, June 18 which saw the network dip to 57,000 total demo viewers. This story has been shared 130,478 times. John Hendricks had the idea to create a cable station based on education and not just entertainment. David Zaslav, president and CEO of Discovery Inc., revealed today his impending executive leadership picks as WarnerMedia and Discovery finalize the terms of their merger. Sprecher also gave at least $106,500 to the National Republican Senatorial Committee, the official campaign arm of Republicans running for Senate seats. He hosts parties annually in Manhattan and in East Hampshire. David has made over 19 trades of the Discovery Inc stock since 2009, according to the Form 4 filled with the SEC. Although a diligent law student, during his 3 years in Boston, Zaslav had a good time. DISCA hired Zaslav as its CEO in January 2007. January 15, 1960, Chris was fired from CNN for helping Andrew through a sexual misconduct scandal and in the messy fallout from his departure, the affair between Zucker and Gollust has surfaced. He loves to play tennis and golf but is, admittedly, not as good at golf. He built partnerships like video-on-demand with Comcast. Discovery CEO David Zaslav said Friday on CNBC that he had nothing to do with Jeff Zuckers CNN exit. Later, Zaslav would teach a graduate course in cable television business as an adjunct professor at Fordham University. Zaslavwill lead the combined company called Warner Bros. "Was there any conjecture that John Malone is behind the curtain? Apart from being praised for turning Discovery into an international powerhouse, not much is known about David's private life. But he also contributed $100,000 to the Nancy Pelosi Victory Fund, and $124,000 to the Democratic Congressional Campaign Committee. In 2017, he donated $250,000 to Trumps inauguration. 1. In total $48,200 has been contributed to 11 entities total. CNNs new corporate overseer is Warner Brothers Discovery Inc, which now owns what used to be Time Warner, including CNN. After half a year of weak ratings, CNN turned in one of its worst months yet. "David Zaslav: "The future of cable is that it's declining" but says "It offers a unique proposition to advertisers. Structural Info. This necessitates judgment and values. For legal reasons, Discovery must avoid getting involved with WarnerMedia until the deal has been approved by the U.S. government. $200 Million. Parties. 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. 20:55 GMT 04 Feb 2022. 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. CNN staffers and media insiders are speculating over why WarnerMedia bosses and AT&T chiefs really wanted him gone, since the affair was an 'open-secret' for years. Zaslav has been prodding Licht to reposition CNN to the center, and be a network preferred by " everybody Republicans, Democrats ". David Zaslav, 62, took over the combined company last month and has already ruffled feathers. Zucker was meant to keep a key role in the new company. Correction: Mediaite has learned Zaslav was referring to the left side of the Discovery portfolio, not the left side of the political aisle. Market data provided by Factset. 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. David Zaslav, now 56, has achieved success in both professional and personal levels. "Who do they want managing the economy: Trump (Mnuchin, Powell, Kudlow) or Biden (Bernie, Warren and AOC)?," Bailey said. 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. Discovery. , updated Zaslav turned it into . Mutual Fund and ETF data provided by Refinitiv Lipper. '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. The Bionic Lens Could Lead to Better Than 20/20 Vision, How to Apply for a Small Business Loan in New Jersey, The Five Highest Grossing Indian Movies of All-Time, 20 Winnie The Pooh Quotes That Apply to Business, Eight Reasons to go to French Polynesias Marquesas Islands, How Lisa Rinna Achieved a Net Worth of $10 Million, 20 Cities with The Worst Weather in Europe, How Zac Stacy Achieved a Net Worth of $6 Million. Under new chief Chris Licht, CNN will dial down the prime-time partisanship and double down on the network's news-gathering muscle, top sources tell me. A True Highlight Of My Thursday Nights , Absolutely Can *Not* Wait Until Next Thursday , August Twenty Fifth At Eight Post Meridiem Time In The Eastern Time Zone To Watch Another Episode Of Battle Bots On. . Illustration by Anthony J. Foti. Wouldnt failing to report on it in a way that sounded alarms be a gross dereliction of duty? After his Freshman year, he transferred to Binghamton University in Binghamton, New York. Aug 20, 2022. Stelters show, which focuses on big media stories and how the press covers the news, also marked its lowest second quarter since 2019, with an average of 679,000 viewers and 111,000 average demo viewers. November 10, 2021 7:10am. Robert Zimmerman, Rep. Hakeem Jeffries, and Sen. Chuck Schumer. 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. Home; About; Subsidiaries. In 2012, Zaslav was honored by the UJA Foundation of New York with the Steven J. Ross Humanitarian Award. Last week,Discovery reportedit had reached 20 million paying streaming subscribers worldwide by the end of September. On this Wikipedia the language links are at the top of the page across from the article title. His testimony was subject to the penalty of perjury. 'We're the leader in news to the left,' he said ahead of merger with CNN. With the cancellation of Batgirl and Scoob sequel, as reports of lack of diversity at Discovery under his leadership, Zaslav is being depicted as a right-wing stooge.. Zaslav himself hasn't helped matters stating that CNN would feature more right-wing viewpoints planting a flag for the center but . Legal Statement. Those two tend to split viewers, and Fox News is regularly No. Employment lawyer Debra S. Katz said the allegation against him was made by a former junior colleague at another network, and was unrelated to his brother, former New York governor Andrew Cuomo. Raising the corporate tax rate is not exactly conducive to growing revenue or earnings," Eberhart said. We have estimated David Zaslav's net worth, money, salary, income, and assets. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. Discovery CEO David Zaslav, who's taking over CNN. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Company. Robert Reich, a former US secretary of labor, is professor of public policy at the University of California, Berkeley and the author of Saving Capitalism: For the Many, Not the Few and The Common Good. r4 vs r14 tires; humana dme providers; david zaslav political affiliation; david zaslav political affiliation. Democratic Party. CNNs Reliable Sources hosted by Brian Stelter notched its lowest-rated month since June 2001, bringing in 79,000 demo viewers and 585,000 average total viewers. Longtime Discovery chief David Zaslav, who will soon oversee CNN as part of his company's merger with WarnerMedia, called his future competitor Fox News Channel "much more of an advocacy . "I, and we as a company, we are a fighter for news. Discovery Communications/President & Ceo. Zimmerman is running to be elected, Jeffries doesnt seem to sit on any relevant committees, and its Schumer. Just when you think that youve negotiated a fair price, and the paperwork for financing has, Read More 20 Things You Didnt Know about TrueCarContinue, The brain plays a vital role in almost all aspects of physiology. Kernen raised 'conjecture that John Malone is behind the curtain' in Zucker's ouster, Zaslav replied: 'None of us had anything to do with it. This material may not be published, broadcast, rewritten, or redistributed. Another round of layoffs in December pushed out CNN political pundit Chris Cillizza and Atlanta-based anchor Martin Savidge, who'd been . Zasav liked the mixture of educational opportunities and a fun college experience that he saw at Binghamton. '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. 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. 04/06/2016. Discovery CEO David Zaslav, whose media giant is set to close itsmerger with CNNs owner WarnerMediathis spring, made the surprise remark during a discussion about the networks future days after theabrupt resignation of the networks president, Jeff Zucker. 'I do believe good journalism could have a role in this future portfolio that Discovery-TimeWarner's going to represent.'. That Saturday was also the worst-rated since 1993, which pre-dated CNNs top competitors Fox News and MSNBC. The Discovery-WarnerMedia merger is expected to close in mid-2022. Discovery Inc. Chief Executive David Zaslav will remove executive layers and take direct oversight of key creative and news operations upon the company's merger with AT&T Inc.'s WarnerMedia . Malone is a supporter of Zucker's most emboldened enemy, Donald Trump. Zaslav had a hand in the launch of MSNBC, another left-leaning network, during his time as an NBC executive. When you follow the money behind deeply irresponsible decisions at the power centers of America today, the road often leads to rightwing billionaires. [52], Zaslav lives in New York City with his wife Pam and the couple has three children. Zaslav earned a BS degree from Binghamton University. Market data provided by Factset. 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. Its unlikely that Malone instructed Zaslav to tell Licht to fire Stelter. 2023 FOX News Network, LLC. 2023 NYP Holdings, Inc. All Rights Reserved, CNN analyst gives birth in bathroom after 13-minute sudden labor, US government-funded research tagged Americans for Twitter ban: report, Bill Maher says woke community wants to shut down debate on trans issues, New York Times, MSNBC, CNN slammed for claiming COVID lab leak theory was debunked, dialed back usingthe breaking news banner, Reliable Sources hosted by Brian Stelter, evaluating whether CNNs staffers can adjust. However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world. ', 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.'. . (Photo by Mike Coppola/Getty Images for WarnerMedia). We're running our business. He is from American. [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. Loeffler is running for reelection to the Senate. We're not involved in any of that,' Zaslav said. Biden and the Democratic National Committee outraised their opponents in the second quarter. Its not partisan to stand up to demagogues. We want to hear from you. Cuomo has always maintained that Zucker knew the extent to which he had helped his brother while he was in office, and the network boss ignored calls to fire him for months. Licht also wants more straight news reporting, along with more conservative guests. Who is David Zaslav? 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. With the cancellation of Batgirl and Scoob sequel, as reports of lack of diversity at Discovery under his leadership, Zaslav is being depicted as a right-wing stooge. Last week, CNN abruptly canceled the show and effectively fired Stelter and his staff. It was cancelled by Chris Licht, CNNs new chairman and CEO, who reportedly was not a fan of Stelters opinionated style. Zaslav is Jewish and describes his family life as normal. [51], In 2022, he was named one of Time's 100 Most Influential People. 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. "From my perspective, news is going to be a critical element," Zaslav said. April 13, 2022 5:00am. 2007 and 2009 was taken into account for this list merger . Got a confidential news tip? Discovery Lost $20 Billion in Market Cap Trying to Cut $3 Billion in Costs", "HBO Max is treating animation fans and creators like hot, burning garbage", "Infinity Train Creator Says Animation Teams Were Given No Warning Before HBO Max Purge", "Seven New Members Elected to University's Board of Trustees", CableFax: "Never Forget: Zaslav, Spielberg Help Commemorate Auschwitzs Liberation", UJA-Federation of New York: "Oprah, Wiesel Honor Zaslav at Leadership Awards Dinner", "Oprah, Wiesel Honor Zaslav at Leadership Awards Dinner", "David Zaslav: The 100 Most Influential People of 2022", "He ran Animal Planet and HGTV. 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. Learn how your comment data is processed. Discovery in April, hired Chris Licht as head of CNN, following the ouster of Jeff Zucker earlier this year. Discovery CEO David Zaslav raised the curtain on the combined Warner Bros. Holiday Haunt. Id lean Zaslavs politics arent right-wing based on this, hes just an out of touch suit. Cuomo's text exchanges contradict his claims to investigators that he had 'irregular contact' with DeRosa. Instead, he received a Bachelor of Science degree. [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. Zaslav was excited by the idea. The show was commercially successful. Keith Griffith For Dailymail.com
S&P 500 CEOs are some of the most influential people in the United States, especially when it comes to funding both Republicans And Democrats, that's according to Market Watch roster of top CEO's political donations to midterm election efforts. 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. I don't tolerate a lot of oppo research on any level. Zaslav on Friday described Zucker as a 'good friend' but declined to answer specific questions about his departure, saying that Discovery must maintain its distance from internal affairs at WarnerMedia until the government signs off on the merger.