×
You will be redirected back to your article in seconds

Discovery Communications Chief David Zaslav’s Pay Drops to $32.7 Million in 2015

Discovery Communications CEO David Zaslav earned $32.4 million in 2015, down significantly from his $156.1 million haul in 2014.

In 2014 Zaslav received an eye-popping compensation package fueled largely by stock awards and options that came with his new contract to remain CEO of the cable powerhouse through 2019. His 2015 compensation is slightly less than the $33.3 million he earned in 2013.

Zaslav has been CEO of Discovery since 2007. On his watch the company’s market cap has soared from $5 billion to around $16.8 billion. Discovery’s stock has taken a hit in the past year, falling 18% since January 2015 amid the broader concerns about slowdown in media earnings. However, Discovery shares are up 6% since the beginning of this year. Shares were down 53 cents at the close of trading Wednesday to $28.09.

Zaslav’s 2015 compensation includes $3.1 million in salary, $11.2 million in stock awards and $10.4 million in stock options, plus an incentive bonus of $6.9 million. His 2014 stock awards came with an obligation to hold on to 60% of the shares through the 2019 term of his current contract. And he also has to use 35% of the cash proceeds from any stock sales to buy more Discovery shares.

Discovery International president Jean-Briac Perrette was the second highest-paid exec at Discovery in 2015 with total compensation of $7.4 million.

More TV

  • Editorial use only. No book cover

    'Scream' Series Moves From MTV to VH1 for July Debut

    The long-gestating third season of the “Scream” series is finally debuting–but not on its original network. Variety has confirmed that the series will air on VH1 instead of MTV as originally planned. “Scream” will debut on VH1 on July 8 and air two one-hour episodes back-to-back for three straight nights. The third season of the [...]

  • Jussie Smollett

    Video of Jussie Smollett With Rope Around His Neck Released by Chicago Police

    The Chicago Police Department released new surveillance footage and files in regards to the Jussie Smollett hoax case on Monday, including one that shows the “Empire” actor shortly after the alleged attack. In one of the videos, police body-cam footage shows authorities entering Smollett’s Chicago apartment, led by his manager, Frank Gatson. Smollett is found [...]

  • rachel brosnahan Variety Cover Story

    Rachel Brosnahan Signs First-Look Deal With Amazon Studios

    Rachel Brosnahan is deepening her relationship with Amazon. The “Marvelous Mrs. Maisel” star has signed a first-look deal with Amazon Studios, under which she and her Scrap Paper Pictures production company will develop TV series exclusively for Amazon’s streaming platform. Brosnahan has won several awards for her performance as Midge Maisel, including an Emmy Award [...]

  • Kevin Costner stars as John Dutton

    'Yellowstone' Season 2 Premiere Ratings More Than Double in Delayed Viewing

    The Season 2 premiere of “Yellowstone” more than doubled its Live+Same Day numbers in Live+3. According to Nielsen data, the premiere last Wednesday rose to a 0.98 rating in adults 18-49 and just over 5 million total viewers after three days of playback. That is up 115% in the demo and 109% in viewers from [...]

  • Malaka

    Conecta Fiction 2019: 10 Takeaways

    MADRID  —  The 3rd Conecta Fiction, Europe’s biggest Latin American TV co-production forum, wrapped last week in Pamplona after four days of dealing, debate and gastronomic delectation. Following 10 Takeaways from an intense and buoyant event, driven by the unfaltering growth of high-end production in Spain and most of Latin America: 1.PLATFORM PIVOT  The writing [...]

More From Our Brands

Access exclusive content