News

How David Zaslav Pulled Off the Sale of Warner Bros. Discovery to Paramount

NYT > Business > Media · Benjamin Mullin and Lauren Hirsch · last updated

Not long ago, Mr. Zaslav was widely criticized for his management of Warner Bros. Discovery. He overcame the doubters, cementing a blockbuster sale to Paramount.

Three years ago, David Zaslav, the chief executive of Warner Bros. Discovery, had major headaches. The company’s movie studio was in third place, despite a blockbuster performance for “Barbie.” He was slashing costs and shelving projects, turning his once-warm relationship with Hollywood frosty. Shares hit $13, down from nearly $25 when he took control.

One article, in GQ, described Mr. Zaslav as “the most hated man in Hollywood” and compared him to the ruthless tycoon played by Richard Gere in “Pretty Woman.”

Related stories

Related Knowledge Center: State of the business model

State of Play

The traditional journalism business model has long since collapsed, and news organizations have shrunk or disappeared entirely. While a number of promising experiments are under way, the public has not shown a willingness to buy what news organizations are selling.

Artificial intelligence


More informationabout State of the business model