Disclaimer. When Equilar unveiled its list of the highest-paid CEOs of American companies recently, Zaslav outpaced better-known moguls like Oracle (ORCL)'s Lawrence Ellison, Yahoo (YAHOF)'s Marissa Mayer, JPMorgan Chase (JPM)'s Jamie Dimon, and 21st Century Fox's Rupert Murdoch. John Malone, the so-called "king of cable" and chairman of Liberty Media, sits on Discovery's board.

He just gave the company's stock a "buy" rating, pointing to a methodical foreign expansion that included last year's acquisition of Eurosport. The East Hampton house has eight bedrooms, 6.5 bathrooms, and sits on nearly 1.7 acres. David Zaslav, Chief Executive Officer of Discovery Communications, and wife Pam, hosted a Shark Week themed Labor Day weekend gathering at their East Hampton home. In … Zaslav's value going forward, Pyykkonen said, will be determined by how effectively Discovery makes its content available in the digital world. Factset: FactSet Research Systems Inc.2019.

Yahoo's Marissa Mayer is no. Zaslav, Fries and Liberty Media's Gregory B. Maffei are all a part of Malone's corporate empire, and all ranked in the top 10 of Equilar's list. Zaslav, 55, is known as Zas to his friends, and he has a whole lot of them. First published June 1, 2015: 10:00 AM ET, These are your 3 financial advisors near you, This site finds and compares 3 financial advisors in your area, Check this off your list before retirement: talk to an advisor, Answer these questions to find the right financial advisor for you, An Insane Card Offering 0% Interest Until Nearly 2020, Transferring Your Balance to a 14-Month 0% APR is Ingenious, The Top 7 Balance Transfer Credit Cards On The Market Today, Get $300 Back With This Outrageous New Credit Card. © 2020 Cable News Network.

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And Zaslav is currently wrestling with a tricky dilemma surrounding one of its most popular programs, "19 Kids and Counting.". Curbed Hamptons has heard that the buyer is David Zaslav, the CEO of Discovery Networks and the third-highest paid CEO in America. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Zaslav received ~ $145 million in compensation between 2010 and 2012, and is thus one of America's highest-paid CEOs. purchased this oceanfront home in 2012 for $24.65m from ad mogul Jerry Della Femina.

All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. “I want the proceeds of this sale to go to my kids and my grandkids,” he told The Post's Jennifer Gould Keil and Selim Algar. Zaslav and wife Pam hosted an annual Labor Day bash at their East Hampton estate Saturday for an eclectic mix of moguls, media insiders and political heavyweights. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider Della Femina, who initially tried to get $40 million for the property, blamed President Obama for forcing him out of town. as well as other partner offers and accept our, Korean Pop Star Psy Picks Up A $1.25 Million Los Angeles Condo >.

All rights reserved. Last year in East Hampton, the attendees included New York governor Andrew Cuomo, "American Idol" host Ryan Seacrest, and Zaslav's fellow moguls Les Moonves, Jim Dolan and Barry Diller.

It's down 4% so far this year, and the company's advertising revenue has increased only marginally in the last year.

A roundup of uplifting stories about everyday heroes. anonymously (anonymous users cannot post links). You may never have heard of Zaslav before, but you've likely seen his television offerings.

The contract, which runs until 2019, included a base salary of $3 million and more than $6 million in bonuses. The CEO of Discovery Communications (DISCA), Zaslav's portfolio includes TLC, the Oprah Winfrey Network and the Discovery Channel.

The parties he throws at his homes in Manhattan and East Hampton draw a unique mixture of politicians, news anchors, executives and reality show stars.

All times are ET. since. "We look forward to working with David to do more of the same over the next six years," Malone said at the time. David Zaslav, Chief Executive Officer of Discovery Communications, and wife Pam, hosted a Shark Week themed Labor Day weekend gathering at their East Hampton home. cache 4h 1m “I don’t want my money going to Obama, and that’s what’s going to happen in the New Year. “I’m basically the loser in Obama’s class warfare,” he added. with this post, location or person. It helps that Zaslav works for a man with a reputation of paying his executives generously. Please log in if you don't want to post Note: VirtualGlobetrotting is an entertainment website is and is not associated "Time will tell who's made the smartest decision," Pyykkonen said. Since he took over as CEO in 2007, the company's stock has increased more than 300%. He … Netflix removed Discovery's programming last fall, prompting Discovery to partner with Hulu in December. Of the 200 top paid CEOs in America, just 13 are women. One in Manhattan brought together former Maryland governor Martin O'Malley, Fox News chairman Roger Ailes, and the tightrope walker Nik Wallenda.

It helps that Zaslav has been extremely successful at the helm of Discovery. Sign up for Insider Life. Zaslav, who used to be an adjunct professor at Fordham University, splits his time between New York and Maryland (where Discovery's corporate headquarters are based), and is renowned for his annual star-studded parties. 1 on the list. A leading-edge research firm focused on digital transformation. CNN Sans™ & © 2016 Cable News Network. The President/CEO of Discovery Communications (Discovery Channel, TLC, etc.) 50ms.

The stock has struggled as of late. (Discovery was spun off from Liberty in 2005.). All Rights Reserved. The President/CEO of Discovery Communications (Discovery Channel, TLC, etc.) Pyykkonen said that expansion has been a hallmark of Zaslav's time at Discovery. Zaslav, 55, is known as Zas to his friends, and he has a whole lot of them. Subscriber All rights reserved. Last year, Zaslav raked in $156.1 million -- $44.2 million more than the next executive, Liberty Global's Michael Fries. The parties he throws at his homes in Manhattan and East Hampton draw a … purchased this oceanfront home in 2012 for $24.65m from ad mogul Jerry Della Femina. Curbed Hamptons has heard that the buyer is David Zaslav, the CEO of Discovery Networks and the third-highest paid CEO in America. Guess it pays to lean in. Account active After Zaslav inked his new contract last year, Malone hailed the expansion of Discovery's "reach and relevance.". That’s why I sold right now, that’s why I wanted to get this done.”. After several years on the market and several price chops, ad mogul Jerry Della Femina has sold his sprawling Hamptons estate for $25 million, The New York Post reports. Zaslav received ~ $145 million in compensation between 2010 and 2012, and is thus one of America's highest-paid CEOs. Others in Zaslav's orbit include Oprah Winfrey, a business partner of Discovery's with her OWN cable channel; Goldman Sachs CEO Lloyd Blankfein; and former secretary of state Colin Powell. The vast majority of Zaslav's 2014 compensation -- $145 million -- came in stock and options, making his compensation largely contingent on the performance of the company's stock. The rest of Zaslav's hefty package is in the form of stock and options. There's not a quick answer to this.". David M. Zaslav (born January 15, 1960) is the president and chief executive officer of Discovery Inc., a position he has held since January 2007.. To do that, and keep his pay package at its current lofty level, Zaslav will have to respond to a series of recent setbacks.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. "David's report card isn't really due in the next year.

A Warner Media Company.

While Zaslav had a lucrative year, Discovery's stock lost 24% of its value in 2014. Nevertheless, Martin Pyykkonen, managing director of equity research at Rosenblatt Securities, remains bullish on Discovery. And Zaslav managed to improve his compensation by way of a new contract he signed last year.

| Most recently under Zaslav, Discovery acquired Scripps Networks Interactive, in a transaction which closed in March 2018. Zaslav's total compensation made him the highest-paid CEO since Apple's Tim Cook made more than $370 million in 2011. Morningstar: © 2019 Morningstar, Inc. All Rights Reserved.



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