Discovery Communications announced Friday that it is extending CEO David Zaslav’s contract through 2019, setting the cabler exec up for bonuses of around $10 million per year.
Zaslav joined Discovery in 2007, and has overseen the doubling of the number of Discovery networks around the world, from 100 to almost 200 in that time. Discovery now counts nearly 2.2 billion subscribers around the world, in more than 220 countries.
This past year Discovery completed its largest acquisition to date, adding SBS Nordics to its portfolio.
Under Zaslav’s tenure, Discovery also launched an ambitious joint venture with the Oprah’s OWN network, which has seen an improvement in ratings in the past year.
Brief Take: Zaslav’s lucrative contract extension reflects Discovery’s consistently solid performance atop the cable field, and its impressive global expansion over the past several years.
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