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| David Zaslav |
David Zaslav will stay on as Discovery CEO through at least 2027, leading the massive joint venture with WarnerMedia announced on Monday, sources tell Axios.
Zaslav's new contract will be announced next week in conjunction with the name of the new company that he just unveiled with AT&T CEO John Stankey.
Before that, Zaslav spent years with NBCUniversal, helping to develop and launch CNBC and MSNBC.
He is a close friend and mentee of billionaire media mogul John Malone, who will sit on the board of the new joint venture.
Sources say Zaslav, 61, will bring most of his C-suite executives at Discovery over to take on executive positions at the new joint venture. Discovery will lead the joint venture, although AT&T will have majority ownership.
Sources say Zaslav, 61, will bring most of his C-suite executives at Discovery over to take on executive positions at the new joint venture. Discovery will lead the joint venture, although AT&T will have majority ownership.
The Discovery-WarnerMedia deal will include $3 billion worth of synergies, which is typically viewed as corporate speak for layoffs.
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