“Media Mogul John Malone is Opening Up About Advising David Zaslav, The Chief Executive of Warner Bros. Discovery, on his new Contract with the Media Giant. In an interview with the New York Times About His Memoir Born to Be Wired, Malone, Zaslav’s Longtime Mentor, Told The Publication that HE recently advised the WBD Boss”, – WRITE: www.hollywoodReporter.com
In an interview with the New York Times about his memoir Born to be WiredMalone, Zaslav’s Longtime Mentor, Told The Publication that HE RECENTLY ADVISED THE WBD BOSS ON A NEW CONTRACT THAT MAXIMIZE HIS PETENTIAL FOR GENERTING Long-Town. that surrounded previous deals by keeping the headline figure of the package “Skinny.”
In april, The Hollywood Reporter Reported that Zaslav Received a 2024 Compensation Package WORTH $ 51.9 Million, Compared With $ 49.7 Million in 2023 and $ 39.3 Million in 2022 WHEN The Discovery-WarnerMedia. However, in June, WBD Shareholders Voted to Reject the 2024 Compensation Packages of Itp Executives, Including Zaslav.
“IT DOESN’T LOOK LIKE IS All that Generes, But In Reality, It’s Your Path To Meaningful Wealth,“ Malone Opined to The Times About Zaslav’s New Pay Deal. The restructure of zaslav’s compensation Package is Now Based on the Performance of the Company’s Stock, WHICH MALONE BELIEves WILL ENCORAGE ZASLAV Times. (The Newspaper Also Noted that A Spokesman for Malone Later Told the Publication That HE WAS NOT ON THE ASSOCIATION COMMITTEE OF WBD AND HAD NO ROLE IN DECING ZASLAV’S COMPENSATION.)
The WBD Compensation Committee Redesigned Zaslav’s Package to Better “Incentivize his Critical Contributions.” The Changes to Zaslav’s Pay Structure Partly “Address Stockholder Feedback and Preferences with Respect to CEO Compulsion Structure,” WBD SAID IN A 8-K Filing in June.
Zaslav’s Base Salary Will Remain $ 3 Million, But Following The Split, His Target Annual Cash Bonus Opportunity Will Be Reduced To $ 6 Million (from $ 24 Million in 2024). Zaslav’s Equity Awards Will Have A Target Value of $ 15.5 Million in Year One; The Target Will Be Reduced To $ 7.5 Million For The Following Years.
In the Interview, Malone Revealed that He Texts Zaslav Daily and Also Advised The Executive On WBD’s Rights Negotias with The Nba, Counseling His Protégé to Not Sport Billions. In Summer 2024, WBD’s TNT Sports Ultimately LOST the RIGHTS TO The NBA After Holding Them for 35 Years.
Elsewhere in the Interview, Malone Spoke on Cnn, Having Written in His Memoir That Network Is “A Shadow Of What Its Founder Had Envisioned” and Anusuue Williast. Opinions Too Much in Their News ”Adding that Zaslav Had Been“ Unable to Have Any Meaningful Impact ”in Fixing IT.
“They Can’t Help Themselves,” Malone Said. “AND SO WHAT YOU GOT IS A LEFT-LEANING, ATI-TRUMP News Service.”
Malone Noted that Network’s Next Plan Best Subscript Service, in Which Viewers Can Stream Hours of CNN Video Without a Cable Subscript.
In malone’s Born to be Wired Memoir, Releasing Sept. 2 By Simon & Schuster, He “Shares Stories from Behind the Scenes of the MOST Transformational Deals in Media, Entertainment, and Technology.” Networks-Including Discovery, TBS, QVC, and Bet-Economy Begind Era-Defining Mergers, from Warner Bros.
In an excerpt shared with ThrMalone Reflected On His Friendly Rivalries with Reed Hastings, Ruper Murdoch and Ted Turner and How He Built A Sprawling Empire While Living WitH Autism.
Tony Maglio Contributed to this Report.