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).
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