David Zaslav Sells Millions More in Warner Bros. Discovery Stock
Warner Bros. Discovery CEO David Zaslav is selling millions of dollars in company stock ahead of the firm's acquisition by Paramount Skydance. Meanwhile, a coalition of state attorneys general has filed an antitrust lawsuit to block the merger.
Why it matters
The consolidation of major media entities and the scrutiny of executive compensation packages reflect ongoing volatility and regulatory challenges in the entertainment industry.
As Paramount Skydance’s deal to take over Warner Bros. Discovery is still pending, WBD CEO David Zaslav is continuing to cash out his stock in the company he is set to depart in the coming months.
Zaslav filed to sell about 2.18 million shares of Warner Bros. Discovery stock, valued at US$59.47 million, according to an SEC filing Monday. It was a preset stock sale for the exec that was triggered by WBD’s share price, which rose 1.9% Wednesday to $27.09/share. That comes after Zaslav filed to sell $114 million worth of WBD stock in March .
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in