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This Too Shall Zaz

David Zaslav may be trumpeting a face-saving deal with Charter, but the forthcoming face-off with Comcast isn’t going to be any easier.

david zaslav
Skeptical analysts have correctly warned that Zaz could get screwed in the rights renewal negotiations without the NBA. Photo: Amanda Edwards/Getty Images for Discovery, Inc.
Dylan Byers
September 13, 2024

On Thursday, just before his appearance at a Goldman Sachs investor conference, David Zaslav announced that Warner Bros. Discovery had struck a new distribution agreement with Charter that will increase the overall fees the distributor pays to air CNN, TNT, and WBD’s other TV networks. The deal, which Zaz closed ahead of schedule, gave him a lot to crow about at the conference and, more importantly, sent his beleaguered stock soaring 10 percent—its best one-day performance in nearly a year.