Warner Bros. Discovery chief David Zaslav largely evaded questions about NBA talks and Paramount Global’s potential as a Wbd merger partner, but he did weigh in on the hot topic of executive pay.
“All CEOs need to be paid with alignment with shareholders,” he declared. In 2023, a year when his company’s stock price hovered around $10 a share, less than half of its value when it began trading in 2022, Zaslav collected a total payday of $49.7 million, up more than $10 million from the prior year.
The comments came during a Milken Conference panel titled “The Corporate Compass: Charting the Role of the CEO.” Zaslav appeared alongside three other chief executives: Ey’s Carmine Di Sibio, Time magazine’s Jessica Sibley and FedEx’s Raj Subramaniam.
Throughout his nearly two decades in the corner office, Zaslav has often become enmeshed in controversy over executive compensation. In 2021, the year when he spearheaded...
“All CEOs need to be paid with alignment with shareholders,” he declared. In 2023, a year when his company’s stock price hovered around $10 a share, less than half of its value when it began trading in 2022, Zaslav collected a total payday of $49.7 million, up more than $10 million from the prior year.
The comments came during a Milken Conference panel titled “The Corporate Compass: Charting the Role of the CEO.” Zaslav appeared alongside three other chief executives: Ey’s Carmine Di Sibio, Time magazine’s Jessica Sibley and FedEx’s Raj Subramaniam.
Throughout his nearly two decades in the corner office, Zaslav has often become enmeshed in controversy over executive compensation. In 2021, the year when he spearheaded...
- 5/6/2024
- by Dade Hayes
- Deadline Film + TV
Warner Bros. Discovery is staying on the sidelines of the Paramount Global acquisition drama — at least for now. That was the signal sent Monday by WB Discovery CEO David Zaslav during his appearance at the Milken Institute Global Conference in Beverly Hills.
Zaslav was pressed during the hourlong panel about the status of WB Discovery’s bid to extend its TV rights agreement with the NBA, and he was pointedly asked to defend the high levels of compensation for media CEOs, including himself. Zaslav came in for criticism last week when his 2023 comp package of about $49 million was disclosed after a year in which Wbd’s stock price sank by double digits.
“I think all CEOs need to be paid with alignment with shareholders,” Zaslav said. “And the majority of compensation should be aligned with the performance of the stock. And if the stock does well, then the CEO should...
Zaslav was pressed during the hourlong panel about the status of WB Discovery’s bid to extend its TV rights agreement with the NBA, and he was pointedly asked to defend the high levels of compensation for media CEOs, including himself. Zaslav came in for criticism last week when his 2023 comp package of about $49 million was disclosed after a year in which Wbd’s stock price sank by double digits.
“I think all CEOs need to be paid with alignment with shareholders,” Zaslav said. “And the majority of compensation should be aligned with the performance of the stock. And if the stock does well, then the CEO should...
- 5/6/2024
- by Cynthia Littleton
- Variety Film + TV
Time will return to ABC for 2024.
The annual Time100 gala, the offshoot of Time magazine’s annual Time 100 list, will once again be broadcast on ABC this year, the Disney network’s fifth year televising the event. The Color Purple star Taraji P. Henson will be this year’s host, with Michael J. Fox set to receive the annual Time Impact Award.
The Time100: The World’s Most Influential People special will air on ABC Sunday May 12 at 10 p.m., and Time says that Dua Lipa and Fantasia Barrino will perform during the event. Patrick Mahomes, Maya Rudolph, Kelley Robinson, 21 Savage and other members of this year’s Time 100 list will also make special appearances. The annual Time 100 list was released this morning, with the annual gala set for April 25.
Time Studios is producing the ABC special in partnership with P&g. Scotch brand Glenfiddich is a supporting partner.
The annual Time100 gala, the offshoot of Time magazine’s annual Time 100 list, will once again be broadcast on ABC this year, the Disney network’s fifth year televising the event. The Color Purple star Taraji P. Henson will be this year’s host, with Michael J. Fox set to receive the annual Time Impact Award.
The Time100: The World’s Most Influential People special will air on ABC Sunday May 12 at 10 p.m., and Time says that Dua Lipa and Fantasia Barrino will perform during the event. Patrick Mahomes, Maya Rudolph, Kelley Robinson, 21 Savage and other members of this year’s Time 100 list will also make special appearances. The annual Time 100 list was released this morning, with the annual gala set for April 25.
Time Studios is producing the ABC special in partnership with P&g. Scotch brand Glenfiddich is a supporting partner.
- 4/17/2024
- by Alex Weprin
- The Hollywood Reporter - Movie News
Laurene Powell Jobs looks radiant at 60 years old. As the manager of Steve Jobs Trust, she is selective with her public appearances. When Powell Jobs does step out, the Emerson Collective founder turns heads. Learn more about what Powell Jobs has been up to 13 years after losing her husband, Apple co-founder Steve Jobs.
Sam Altman, Laurene Powell Jobs, and Cesar Conde at a 2023 Time event | Kevin Mazur/Getty Images for Time
Worth approximately $13 billion, according to Forbes, Laurene Powell Jobs most recently invested in California Forever, which plans to build an entirely walkable city near San Francisco Bay in the name of sustainability. The metropolis will have up to 400,000 residents.
Before her investment in California Forever, Laurene bought a 20% stake in the ownership group behind the Washington Wizards, Washington Mystics, and Washington Capitals. The former Goldman Sachs strategist was born in West Milford, New Jersey, about 4.5 hours north of the Wizards’ home in Washington,...
Sam Altman, Laurene Powell Jobs, and Cesar Conde at a 2023 Time event | Kevin Mazur/Getty Images for Time
Worth approximately $13 billion, according to Forbes, Laurene Powell Jobs most recently invested in California Forever, which plans to build an entirely walkable city near San Francisco Bay in the name of sustainability. The metropolis will have up to 400,000 residents.
Before her investment in California Forever, Laurene bought a 20% stake in the ownership group behind the Washington Wizards, Washington Mystics, and Washington Capitals. The former Goldman Sachs strategist was born in West Milford, New Jersey, about 4.5 hours north of the Wizards’ home in Washington,...
- 3/20/2024
- by Ali Hicks
- Showbiz Cheat Sheet
It wasn’t all that long ago that a billionaire buying a storied news publication was a sign of hope and optimism. After all, they had money to lose, and they earned their fortunes by creating something new. Maybe they could figure out how to make media work?
And what about private equity? It’s an industry premised on turnarounds: acquiring underperforming companies, reimagining them and making them succeed.
Or the classic family-owned publication: Keeping a business in the family with no goal of excessive profits, just a certain amount of stability to keep the legacy alive.
Unfortunately, it seems, no category of owner appears able to salvage a media business in decline, with business models still stuck in the past (programmatic, anyone?) and editorial models built for a world before Facebook, TikTok and artificial intelligence.
The media sector is facing a crisis unlike anything seen since the 2008 financial mess,...
And what about private equity? It’s an industry premised on turnarounds: acquiring underperforming companies, reimagining them and making them succeed.
Or the classic family-owned publication: Keeping a business in the family with no goal of excessive profits, just a certain amount of stability to keep the legacy alive.
Unfortunately, it seems, no category of owner appears able to salvage a media business in decline, with business models still stuck in the past (programmatic, anyone?) and editorial models built for a world before Facebook, TikTok and artificial intelligence.
The media sector is facing a crisis unlike anything seen since the 2008 financial mess,...
- 1/25/2024
- by Alex Weprin
- The Hollywood Reporter - Movie News
Dave O’Connor is exiting production company Majordomo Media to take over the reins of Time Studios as president.
O’Connor will report to Time CEO Jessica Sibley, who announced his hiring in a memo to staff Monday. O’Connor takes over the Time Studios role from Ian Orefice, who left the company this year to lead Jeff Zucker’s RedBird Imi-backed content studio EverWonder.
At Majordomo Media, he was a co-founder and co-ceo alongside David Chang, founder of the famed Momofuku restaurant group. The company has produced series including “Chef Vs. Wild” and “Secret Chef” for Hulu; “Ugly Delicious” for Netflix; and podcasts “The Dave Chang Show” and “Recipe Club” with Spotify’s The Ringer.
“With a proven track record of crafting business models to sustain profits and fuel growth, Dave also brings a deep creative background to Time Studios, with over two decades of experience as a showrunner,...
O’Connor will report to Time CEO Jessica Sibley, who announced his hiring in a memo to staff Monday. O’Connor takes over the Time Studios role from Ian Orefice, who left the company this year to lead Jeff Zucker’s RedBird Imi-backed content studio EverWonder.
At Majordomo Media, he was a co-founder and co-ceo alongside David Chang, founder of the famed Momofuku restaurant group. The company has produced series including “Chef Vs. Wild” and “Secret Chef” for Hulu; “Ugly Delicious” for Netflix; and podcasts “The Dave Chang Show” and “Recipe Club” with Spotify’s The Ringer.
“With a proven track record of crafting business models to sustain profits and fuel growth, Dave also brings a deep creative background to Time Studios, with over two decades of experience as a showrunner,...
- 11/6/2023
- by Todd Spangler
- Variety Film + TV
Time Studios has found its next president.
The production arm of the company (which also owns Time magazine), has tapped Dave O’Connor as president, reporting to Time CEO Jessica Sibley, who announced his hire Monday.
Time Studios has become a critical business line for Time, with Sibley telling The Hollywood Reporter earlier this year that the division now accounts for 25 percent of the company’s revenue, hitting $100 million. O’Connor succeeds Ian Orefice, who left Time Studios earlier this year to launch a studio of his own called EverWonder, backed by RedBird Imi.
O’Connor is the co-founder and co-ceo of Majordomo Media (alongside celebrity chef David Chang), which has produced Hulu’s Chef vs. Wild, among other programs. He previously worked at RadicalMedia and Embassy Row, both nonfiction content powerhouses.
“As President, Dave will further Time Studios’ mission of creating premium storytelling that moves the world, while providing the...
The production arm of the company (which also owns Time magazine), has tapped Dave O’Connor as president, reporting to Time CEO Jessica Sibley, who announced his hire Monday.
Time Studios has become a critical business line for Time, with Sibley telling The Hollywood Reporter earlier this year that the division now accounts for 25 percent of the company’s revenue, hitting $100 million. O’Connor succeeds Ian Orefice, who left Time Studios earlier this year to launch a studio of his own called EverWonder, backed by RedBird Imi.
O’Connor is the co-founder and co-ceo of Majordomo Media (alongside celebrity chef David Chang), which has produced Hulu’s Chef vs. Wild, among other programs. He previously worked at RadicalMedia and Embassy Row, both nonfiction content powerhouses.
“As President, Dave will further Time Studios’ mission of creating premium storytelling that moves the world, while providing the...
- 11/6/2023
- by Alex Weprin
- The Hollywood Reporter - Movie News
Dave O’Connor has been appointed as the new President of Time Studios, Time CEO Jessica Sibley announced Monday morning, in a memo to staff.
O’Connor steps in for Ian Orefice, who served as President & COO of both news magazine Time and its Emmy-winning production division before exiting to launch the content studio EverWonder, alongside Jeff Zucker’s RedBird Imi. He will be based out of New York, reporting directly to Sibley. In his new role, he will look to further Time Studios’ mission of crafting premium storytelling for a global audience, providing the company with the vision and strategic direction necessary to propel it through a turbulent and fast-evolving point in entertainment’s history.
O’Connor joins after co-founding Majordomo Media, where he served as co-ceo and produced such hit series as Chef vs. Wild for Hulu, also building a podcast network and helping to launch an original Fast channel.
O’Connor steps in for Ian Orefice, who served as President & COO of both news magazine Time and its Emmy-winning production division before exiting to launch the content studio EverWonder, alongside Jeff Zucker’s RedBird Imi. He will be based out of New York, reporting directly to Sibley. In his new role, he will look to further Time Studios’ mission of crafting premium storytelling for a global audience, providing the company with the vision and strategic direction necessary to propel it through a turbulent and fast-evolving point in entertainment’s history.
O’Connor joins after co-founding Majordomo Media, where he served as co-ceo and produced such hit series as Chef vs. Wild for Hulu, also building a podcast network and helping to launch an original Fast channel.
- 11/6/2023
- by Matt Grobar
- Deadline Film + TV
New York, Sep 8 (Ians) Several Indians and Indian-origin techies have made it to Time magazine’s inaugural ‘TIME100 AI List’, highlighting the 100 most influential people in artificial intelligence (AI).
The youngest individual recognised in the list is 18-year-old Indian-American Sneha Revanur, who recently met with the Joe Biden Administration as part of her work leading Encode Justice, a youth-led movement organizing for ethical AI. Revanur is often called the “Greta Thunberg of AI”.
Neal Khosla, who co-founded telehealth startup Curai Health in 2017, is also on the list.
Romesh and Sunil Wadhwani, Co-Founders of Wadhwani AI, have also been named on the list.
Mumbai-based Wadhwani AI is a non-profit organisation with a mission to develop and deploy AI solutions for social good, including health care, education and agriculture.
Tushita Gupta is the Chief Technology Officer of Refiberd, a US-based company.
The aim is to revolutionise textile recycling by using AI to...
The youngest individual recognised in the list is 18-year-old Indian-American Sneha Revanur, who recently met with the Joe Biden Administration as part of her work leading Encode Justice, a youth-led movement organizing for ethical AI. Revanur is often called the “Greta Thunberg of AI”.
Neal Khosla, who co-founded telehealth startup Curai Health in 2017, is also on the list.
Romesh and Sunil Wadhwani, Co-Founders of Wadhwani AI, have also been named on the list.
Mumbai-based Wadhwani AI is a non-profit organisation with a mission to develop and deploy AI solutions for social good, including health care, education and agriculture.
Tushita Gupta is the Chief Technology Officer of Refiberd, a US-based company.
The aim is to revolutionise textile recycling by using AI to...
- 9/8/2023
- by Agency News Desk
- GlamSham
Time Studios, the production arm of the newsmagazine, is making a number of changes to its executive team.
The company has promoted a number of executives while three execs are leaving and the unit is searching for a CEO.
The moves were unveiled by Time CEO Jessica Sibley in a note to staff.
Mike Beck and Alexa Conway, who were interim Co-Heads of Time Studios are leaving the company, as is former Co-Head of Documentary Ali Johnes, who has struck a first-look deal with the company as a producer.
Loren Hammonds, who was Co-Head of Documentary alongside Johnes, has been named Head of Documentary, having worked on projects such as Max’s Katrina Babies and HBO Sports’ The Lionheart.
Jeff Smith, who was formerly an exec producer at Time Studios, has been named Head of Formats and Specials, alongside his role as exec producer and will work on live events...
The company has promoted a number of executives while three execs are leaving and the unit is searching for a CEO.
The moves were unveiled by Time CEO Jessica Sibley in a note to staff.
Mike Beck and Alexa Conway, who were interim Co-Heads of Time Studios are leaving the company, as is former Co-Head of Documentary Ali Johnes, who has struck a first-look deal with the company as a producer.
Loren Hammonds, who was Co-Head of Documentary alongside Johnes, has been named Head of Documentary, having worked on projects such as Max’s Katrina Babies and HBO Sports’ The Lionheart.
Jeff Smith, who was formerly an exec producer at Time Studios, has been named Head of Formats and Specials, alongside his role as exec producer and will work on live events...
- 8/21/2023
- by Peter White
- Deadline Film + TV
Phoebe Bridgers has been named one of Time’s 2023 Women of the Year, with the singer joining the likes of Angela Bassett, Megan Rapinoe, Quinta Brunson, and cover star Cate Blanchett to receive this year’s honor.
Bridgers will also perform at the invite-only Time Women of the Year gala in Los Angeles on March 8, the Hollywood Reporter writes. Other honorees include professional boxer Ramla Ali, activist Ayisha Siddiqa, Iranian journalist Masih Alinejad, activist Olena Shevchenko, reproductive rights activist Verónica Cruz Sánchez, and Brazil’s minister of racial equality Anielle Franco.
Bridgers will also perform at the invite-only Time Women of the Year gala in Los Angeles on March 8, the Hollywood Reporter writes. Other honorees include professional boxer Ramla Ali, activist Ayisha Siddiqa, Iranian journalist Masih Alinejad, activist Olena Shevchenko, reproductive rights activist Verónica Cruz Sánchez, and Brazil’s minister of racial equality Anielle Franco.
- 3/2/2023
- by Daniel Kreps
- Rollingstone.com
The time has come for Time to reveal its Women of the Year list.
The magazine has named 12 “extraordinary leaders” who are working toward a more equal world, recognizing Cate Blanchett, Angela Bassett, Phoebe Bridgers, Quinta Brunson, soccer player Megan Rapinoe, professional boxer Ramla Ali, activist Ayisha Siddiqa, Iranian journalist Masih Alinejad, activist Olena Shevchenko, Suntory Beverages CEO Makiko Ono, reproductive rights activist Verónica Cruz Sánchez and Brazil’s minister of racial equality Anielle Franco.
To celebrate the roster, the mag will mount its second annual invite-only Time Women of the Year gala in Los Angeles on March 8. The event will feature a special performance from music star Bridgers and appearances by honorees like Blanchett, Siddiqa, Bassett, Brunson, Ali, Shevchenko and Alinejad. P&g is on board as presenting partner, along with Fiji Water as a supporting partner.
Time honoree Phoebe Bridgers will also perform at the Los Angeles gala...
The magazine has named 12 “extraordinary leaders” who are working toward a more equal world, recognizing Cate Blanchett, Angela Bassett, Phoebe Bridgers, Quinta Brunson, soccer player Megan Rapinoe, professional boxer Ramla Ali, activist Ayisha Siddiqa, Iranian journalist Masih Alinejad, activist Olena Shevchenko, Suntory Beverages CEO Makiko Ono, reproductive rights activist Verónica Cruz Sánchez and Brazil’s minister of racial equality Anielle Franco.
To celebrate the roster, the mag will mount its second annual invite-only Time Women of the Year gala in Los Angeles on March 8. The event will feature a special performance from music star Bridgers and appearances by honorees like Blanchett, Siddiqa, Bassett, Brunson, Ali, Shevchenko and Alinejad. P&g is on board as presenting partner, along with Fiji Water as a supporting partner.
Time honoree Phoebe Bridgers will also perform at the Los Angeles gala...
- 3/2/2023
- by Chris Gardner
- The Hollywood Reporter - Movie News
To commemorate Time‘s 100th anniversary, the iconic publication’s Manhattan office will be getting a new addition: An art piece, an oversized mirror, with a graphic overlay based on its very first issue from March 3, 1923.
The piece of art, created by Mungo Thomson, is a gift to the office from Time‘s owners, Marc and Lynne Benioff. And it will be the third of Thomson’s mirrored Time pieces to find a home in the halls of Time‘s office overlooking Bryant Park.
Time announced its centennial editorial series Tuesday, including contributions from the Dalai Lama, Spike Lee, Laverne Cox, former editors Nancy Gibbs and Rick Stengel, and tentpole events set throughout the year.
While Thomson’s piece is for Time‘s centennial, it’s also a fitting metaphor as Time CEO Jessica Sibley pursues what she is calling “Time 3.0,” about creating the “next chapter in our future and...
The piece of art, created by Mungo Thomson, is a gift to the office from Time‘s owners, Marc and Lynne Benioff. And it will be the third of Thomson’s mirrored Time pieces to find a home in the halls of Time‘s office overlooking Bryant Park.
Time announced its centennial editorial series Tuesday, including contributions from the Dalai Lama, Spike Lee, Laverne Cox, former editors Nancy Gibbs and Rick Stengel, and tentpole events set throughout the year.
While Thomson’s piece is for Time‘s centennial, it’s also a fitting metaphor as Time CEO Jessica Sibley pursues what she is calling “Time 3.0,” about creating the “next chapter in our future and...
- 2/28/2023
- by Alex Weprin
- The Hollywood Reporter - Movie News
Click here to read the full article.
Jessica Sibley is set to replace Edward Felsenthal as CEO of Time, from Nov. 21.
Sibley was most recently COO at Forbes, and before that held executive stints at The Wall Street Journal, Bloomberg and Condé Nast. Felsenthal has been Time’s editor in chief since 2017 and took on the additional role of CEO in 2018.
He will now become Time’s executive chairman, while remaining editor in chief, leading editorial, creative and content strategy for the brand across all of its global platforms and businesses. “I’m thrilled to return my primary focus to our content, and to support Jess and the company as we continue to grow the brand and the business,” Felsenthal said in an internal memo.
Sibley’s appointment comes as Time launches six new divisions, including the film and TV division Time Studios, a live events business, a web3 division,...
Jessica Sibley is set to replace Edward Felsenthal as CEO of Time, from Nov. 21.
Sibley was most recently COO at Forbes, and before that held executive stints at The Wall Street Journal, Bloomberg and Condé Nast. Felsenthal has been Time’s editor in chief since 2017 and took on the additional role of CEO in 2018.
He will now become Time’s executive chairman, while remaining editor in chief, leading editorial, creative and content strategy for the brand across all of its global platforms and businesses. “I’m thrilled to return my primary focus to our content, and to support Jess and the company as we continue to grow the brand and the business,” Felsenthal said in an internal memo.
Sibley’s appointment comes as Time launches six new divisions, including the film and TV division Time Studios, a live events business, a web3 division,...
- 11/7/2022
- by Etan Vlessing
- The Hollywood Reporter - Movie News
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