Discovery CEO's Tough Tactics Have Many Partners Zigging
Discovery CEO David Zaslav has been making a lot of tough decisions lately, and it's causing some of the company's partners to get nervous. Zaslav has been cutting costs, selling off assets, and making changes to the company's programming lineup. This has led to some speculation that Zaslav is preparing to break up the company.
However, Zaslav has denied these rumors, saying that he is committed to keeping the company together. He has also said that he is confident that the company can turn around its fortunes and become a leader in the entertainment industry.
Despite Zaslav's assurances, some of Discovery's partners are still worried. They believe that Zaslav's tough tactics are hurting the company and could lead to its eventual demise. They are also concerned that Zaslav is not listening to their concerns.
It remains to be seen whether Zaslav's tough tactics will pay off. However, it is clear that he has a lot of work to do to convince his partners that he is committed to the company's future.
Discovery's senior management is looking to avoid a break-up of the company as it takes a 9-billion write-down from TV networks amid struggles. CEO David Zaslav was awarded compensation of 497 million in 2023.
Discovery chief David Zaslav largely evaded questions about NBA talks and the company's streaming plans during an earnings call on Thursday.
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