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.The extension was made in connection with the deal announced yesterday to combine AT&T’s WarnerMedia with Discovery to create a new standalone entertainment company.
Zaslav will be CEO. The deal is expected to close in the middle of next year pending approval by regulators and Discovery shareholders.It marks a major new phase for Discovery, which, under Zaslav, began trading as a public company in 2008.
He joined in 2007 from NBCUniversal. The combination will create a still unnamed publicly traded entity that with two large streaming services, linear broadcast and cable
Read more on deadline.com
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