Discovery extends CEO Zaslav’s contract

Discovery Communications has extended the contract of president and CEO David Zaslav to the end of the decade.

Zaslav’s new deal lasts until December 31, 2019 and makes him a “significant long-term shareholder”, according to the pay TV channel operator.

The executive joined Discovery in January 2007 and took it fully public a year later.

Revenue and profit – especially in the company’s growing international channels business – have grown significantly since then, and last year the firm completed its largest ever acquisition by buying SBS Nordics for around US$1.7 billion (€1.25 billion).