NEW YORK, July 18, 2018 /PRNewswire/ -- Discovery, the
global leader in real life entertainment, today announced the
extension of President and CEO David
Zaslav's employment contract through the end of 2023.
Robert Miron, Chairman of
Discovery's Board of Directors, said: "A dynamic, creative, and
passionate leader, David is a builder and an innovator, laser
focused on creating value. This multi-year commitment affirms our
confidence in David's leadership, and on behalf of the entire Board
of Directors, we are excited for David and his strong management
team to drive further success and growth in this next chapter of
the new Discovery."
The contract extension provides ongoing management continuity
and stability and ensures Zaslav's continued leadership for the
next five and a half years. In 2018, Discovery acquired Scripps
Networks Interactive, home to top brands including HGTV, Food
Network, and Travel Channel, creating a new and enhanced portfolio
of the most trusted and deeply loved brands in media. Also in 2018,
Discovery signed an unprecedented alliance with the PGA TOUR to
create a first-of-its kind international golf service, including
global television and multi-platform live rights, outside
the United States, to all PGA TOUR
media properties.
John Malone, Discovery Director
and Chairman, Liberty Media Corporation and Liberty Global, Inc.,
said: "David has done a masterful job leading and growing
Discovery over the last decade. He is a visionary, a strategic
builder and all around great guy. Under David's leadership,
Discovery has scaled new heights becoming the leader in sports
across Europe, building the
leading global IP portfolio of high quality content, and
positioning Discovery for continued global growth. We are
lucky to have him."
Term of employment is through December
31, 2023, continuing to make Zaslav a significant, long-term
shareholder in Discovery. Zaslav has committed to hold the
majority of his equity from stock grants to term, furthering the
alignment of shareholder and management interests.
Zaslav said: "I am thrilled. Leading Discovery is my dream
job. I would like to thank Discovery's Board of Directors,
fantastic management team, business partners, and all of our
passionate superfans around the world for helping to make Discovery
the unparalleled company it is today. Together, we are building
something special. The new Discovery has the leading IP
portfolio of beloved brands in the world, reaching viewers globally
on every screen and service. Being at Discovery for the past 11
years has been the privilege of my career. I am confident our
brand strength, global platform and marketplace differentiation
will ensure that Discovery continues to grow and deliver value to
our viewers, partners and shareholders for many years to
come."
Zaslav joined Discovery as President and Chief Executive in
2007, following a distinguished career at NBCUniversal.
For headshots, click here.
About Discovery:
Discovery, Inc. (Nasdaq: DISCA,
DISCB, DISCK) is a global leader in real life entertainment,
serving a passionate audience of superfans around the world with
content that inspires, informs and entertains. Discovery delivers
over 8,000 hours of original programming each year and has category
leadership across deeply loved content genres around the world.
Available in 220 countries and territories and 50 languages,
Discovery is a platform innovator, reaching viewers on all screens,
including TV Everywhere products such as the GO portfolio of apps
and Discovery Kids Play; direct-to-consumer streaming services such
as Eurosport Player and Motor Trend OnDemand; and digital-first and
social content from Group Nine Media. Discovery's portfolio of
premium brands includes Discovery Channel, HGTV, Food Network, TLC,
Investigation Discovery, Travel Channel, Turbo/Velocity, Animal
Planet, and Science Channel, as well as OWN: Oprah Winfrey Network
in the U.S., Discovery Kids in Latin
America, and Eurosport, the leading provider of locally
relevant, premium sports and Home of the Olympic Games across
Europe. For more information,
please visit https://corporate.discovery.com/ and follow
@DiscoveryIncTV across social platforms.
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SOURCE Discovery, Inc.