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David Zaslav Sidesteps Paramount Global M&A Question, Talks NBA Rights Deal and High CEO Paychecks at Milken Conference
Warner Bros. Discovery is staying on the sidelines of Paramount's M&A drama, CEO David Zaslav indicated Monday at the Milken Institute conference.
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 acknowledged that the disconnect between rising executive compensation and the erosion of earnings by rank-and-file creative community workers was a factor that fueled last year’s Writers Guild of America and SAG-AFTRA strikes. The first question out of the gate for Zaslav from moderator Andy Serwer, editor at large for Barron’s and Dow Jones, was about the state of play around Paramount Global.
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