Discovery Communications CEO on AT&T-Time Warner deal
David Zaslav, the longtime chief executive of Discovery Communications Inc., will sit at the helm of AT&T Inc. and Discovery’s combined media company.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| DISCA | DISCOVERY, INC. | 33.86 | -1.79 | -5.02% |
As a result of the $43 billion tie-up, the media giant will own channels including CNN, HBO, TNT, TBS, Animal Planet, Food Network and the Warner Bros. franchise and rival major heavy hitters in the industry including Walt Disney Co.’s Disney+ and Netflix.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| T | AT&T, INC. | 32.00 | -0.23 | -0.70% |
| NFLX | NETFLIX, INC. | 483.88 | -9.48 | -1.92% |
| DIS | THE WALT DISNEY CO. | 168.94 | -4.79 | -2.76% |
Discovery CEO’s Early Roots
Prior to his time at Discovery, Zaslav worked at NBCUniversal and was “instrumental” in developing and launching CNBC, according to Discovery. He also played a role in developing MSNBC.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| CMCSA | COMCAST CORP. | 55.26 | -3.42 | -5.84% |
Before entering media, he worked as an attorney with the New York firm of LeBoeuf, Lamb, Leiby & MacRae.
Zaslav is a graduate of the Boston University School of Law.
Discovery’s Stable of Hits and Brands
Zaslav has been in charge of Discovery since 2007. During his 14-year span, he oversaw the company’s global suite of brands across pay-TV, free-to-air, direct-to-consumer and other digital platforms, according to Discovery.
He has been instrumental in reality television with a more serious twist with hits such as ‘Deadliest Catch’, Dirty Jobs: Rowe’d Trip, Gold Rush, Undercover Boss and Shark Week.
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Discovery’s Road to Public Company
In 2008, one year after Zaslav took over the reins, the company went public. Six years later, it became a Fortune 500 company.
Zaslav is credited with helping the company launch “some of the fastest-growing cable networks in the U.S.” which includes Investigation Discovery and OWN: Oprah Winfrey Network.
REUTERS/Mario Anzuoni
Discovery CEO’s Philanthropic Efforts
Zaslav created a name for himself, earning awards for both through his work in media as well as his philanthropic contributions over the years, according to Discovery.
AT&T, DISCOVERY AGREE TO MERGER OF CNN, OTHER MEDIA ASSETS
President and CEO, Discovery David Zaslav speaks onstage during the Discovery, Inc. portion of the Discovery Communications Winter 2019 TCA Tour in Pasadena, California. (Amanda Edwards/Getty Images for Discovery)
To date, he has received the Robert F. Kennedy Human Rights Ripple of Hope Award, the UJA-Federation of New York’s Steven J. Ross Humanitarian Award, Syracuse University’s S.I. Newhouse School of Public Communications Fred Dressler Leadership Award, and the Association of Frontotemporal Degeneration’s Susan and S.I. Newhouse Award of Hope.
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In 2017, he was inducted into the Cable Hall of Fame followed by the Cable TV Pioneers Class of 2018.
The 61-year-old currently sits on multiple boards including Sirius XM Radio, Inc., Lionsgate Entertainment, the National Cable & Telecommunications Association and The Cable Center.
