In 2008, Discovery Communications became a fully public company and since that time its total market capitalisation has increased from $6 billion to over $30 billion currently. Over this period, the company’s overall profits have tripled, U.S. market share has grown from 5% to over 10%, and the company has launched a number of new network brands including Investigation Discovery (ID), Velocity, Destination America, and OWN, a joint venture with Oprah Winfrey.
“Securing David for the next six years recognises his value to the enterprise, and provides continuity, strong leadership, and his trademark high energy to Discovery for many years to come,” said John Hendricks, Founder and Chairman of Discovery Communications.
“I want to thank Discovery’s visionary Board of Directors, best-in-class management team, our advertising and affiliate partners, and all of the passionate viewers around the world,” said Zaslav. “It has been an amazing and successful seven years, and I am excited to have the opportunity to lead this great company for the rest of the decade. With the most creative and dynamic leadership team in the business, a talented and committed workforce, a strong financial position, and an unmatched global platform, I am extraordinarily confident of Discovery’s growth prospects for the years ahead.”