David Zaslav’s Discovery Contract Extended Through 2027

Brent Lang Executive Editor of Film and MediaFresh off of upending the media landscape with their deal to combine WarnerMedia and Discovery, Discovery chief David Zaslav and AT&T head John Stankey will touch down in Sun Valley, Idaho, in July for Allen & Co.’s annual media conference.They will be joined at the annual confab of power brokers and media barons by Amazon founder Jeff Bezos, fresh off his $8.5 billion deal to purchase Metro-Goldwyn-Mayer, and will hit the resort at a time when most

Cynthia Littleton Business EditorWarner Bros. Discovery is the proposed new moniker for the combined WarnerMedia and Discovery joint venture coming together as AT&T spins off its investment in Time Warner.Discovery chief David Zaslav announced the new name Tuesday morning as he held a town hall with WarnerMedia employees from the Warner Bros.

Discovery CEO David Zaslav, a week after announcing a $43 billion deal to merge with WarnerMedia in a spinoff from AT&T, sees validation in today’s news that Amazon is swallowing MGM.

Brian Steinberg Senior TV EditorDiscovery’s CEO feels a combination of WarnerMedia and his company will create a new media company that is “uniquely competitive with Netflix and Disney,” and articulated the need to have a global footprint in the future in order to compete in the entertainment industry’s streaming wars.Discovery last week stuck a pact with AT&T to take over WarnerMedia operations in a deal that executives hope will pass regulatory muster by mid 2022.

One day prior to its massive merger with WarnerMedia, Discovery gave its CEO David Zaslav nearly 15 million stock options, which are valued at $190 million, according to the Wall Street Journal.A representative for Discovery did not immediately respond to TheWrap’s request for comment.The Journal said the 14.8 million in stock options were part of Zaslav’s new contract, which was announced on Tuesday, one day after the merger announcement. The deal runs through 2027.

Brian Steinberg Senior TV EditorFox Weather unveiled its senior executive structure ahead of a launch of its ad-supported streaming service devoted to all things meteorological in the third quarter of 2021.The leadership team will include: David Clark, senior vice president and head of programming; Steve Baron.

Brent Lang Executive Editor of Film and MediaIt pays to pull off a massive media merger.Discovery chief David Zaslav is certainly being handsomely rewarded for his role in pulling off the merger agreement between his company and WarnerMedia. A day before AT&T announced it was spinning off WarnerMedia and combining it with Discovery, Zaslav received 14.8 million stock options on Sunday as part of a contract extension, which the Wall Street Journal reports are worth $190 million.

Discovery awarded CEO David Zaslav nearly 14.8 million stock options on Sunday, the day before the company unveiled plans to merge with AT&T’s WarnerMedia.

it was announced he’ll take over a new company formed from a merger with WarnerMedia.“Mr. Zaslav’s resignation is not the result of any disagreement with the Company on any matter relating to its operations, policies or practices,” Lionsgate said in an SEC filing Wednesday announcing the move.

AT&T and Discovery rocked Hollywood with the combination that will see WarnerMedia and Discovery rolled together into a new standalone public entertainment company led by Zaslav — as AT&T exits the sector and Discovery doubles down.

Todd Spangler NY Digital EditorAs soon as news broke May 16 about AT&T’s proposed deal to combine WarnerMedia with Discovery, the guessing game began about what the megadeal would mean for top executives at the company.The initial takeaways: It’s a good sign for CNN boss Jeff Zucker and a bad omen for Jason Kilar, who in his one year in the job as CEO of WarnerMedia might have ruffled too many feathers as he tried to refashion the company for the streaming wars.Discovery CEO David Zaslav is set

Brian Steinberg Senior TV EditorWarnerMedia tried to put its best foot forward on Wednesday by focusing on the future of its own media assets, rather than questions about its looming spinoff from AT&T and merger with Discovery.Executives at the AT&T-owned media conglomerate put a spotlight on the company’s broad array of media outlets and talent during an upfront presentation to advertisers. The showcase, largely pre-taped, featured Leslie Odom Jr.

Discovery announced Tuesday that it’s extended the employment contract of president and CEO David Zaslav through December 31, 2027. His previous agreement ran through 2023.

down 18% from 2019). Zaslav’s annual salary stayed at $3 million last year, when his stock awards slipped by about $1 million to $12.5 million.

Brian Steinberg Senior TV EditorDiscovery brought a vision to advertisers this year that it will be hard to duplicate in sessions to come.The owner of the TLC, Food Network and HGTV cable outlets spent Wednesday morning explaining how its networks, focused largely on reality and documentary programming, could stand through even conditions spurred by the coronavirus pandemic.

Discovery, a day after announcing a landmark, $43 billion merger with AT&T’s WarnerMedia, delivered its first upfront presentation in two years to tout 2021-22 programming.

Cynthia Littleton Business EditorThe first swing in the talks that led to the union of Discovery and WarnerMedia was an email sent by David Zaslav to John Stankey on Feb. 13.That was around the time that the Discovery CEO and his AT&T counterpart had planned to meet for a golf date at the storied Pebble Beach Pro-Am golf tournament in central California that is sponsored by the telecom giant, as they did last year.

Discovery chief David Zaslav, whose sizable corner of the media business is getting a lot bigger, said he had previously looked at the idea of creating a “global HBO,” but all the best series were taken.

In an hour-long press briefing, Discovery CEO David Zaslav and AT&T CEO John Stankey outlined plans for the companies’ $43 billion merger.

calling the network “the elephant in the room” in the administration’s opposition. The deal won approval and was ultimately completed in June 2018.AT&T announced Monday that it was spinning off WarnerMedia into an independent company that will merge with Discovery Inc.