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Discovery extends CEO David Zaslav’s contract

David Zaslav, the Discovery Inc. CEO responsible for moving the media company out of its Silver Spring headquarters and to New York City, will stay with the company for years to come.

Discovery (NASDAQ: DISCA) announced Wednesday the extension of Zaslav’s contract through the end of 2023. His previous contract was slated to expire in 2020.

“I am thrilled. Leading Discovery is my dream job,” Zaslav said in a statement. “… Being at Discovery for the past 11 years has been the privilege of my career. I am confident our brand strength, global platform and marketplace differentiation will ensure that Discovery continues to grow and deliver value to our viewers, partners and shareholders for many years to come.”

Zaslav has been in Discovery’s top spot since 2007. Over the past year, he helped ushered the company’s $14.6 billion purchase of Scripps Networks Interactive Inc. — a move that brought HGTV, Travel Channel, DIY Network, Cooking Channel and a majority stake in…

Read the full story from the Washington Business Journal.