Discovery Communications Extends President And CEO's Contract Through Dec. 2019

(RTTNews) - Discovery Communications (DISCA, DISCB, DISCK) announced the extension of President and CEO David Zaslav's employment contract through the end of the decade. Zaslav has led the company since 2007.

Term of employment is through December 31, 2019, and makes Zaslav a significant long-term shareholder in the company. Zaslav has committed to hold the majority of his equity from stock grants to term, furthering the alignment of shareholder and management interests, the company said.

"David has done a superb job. He built a strong management team that has expanded the company's reach and relevance, increased its market share domestically and around the world, and created a bigger, stronger portfolio of brands. We look forward to working with David to do more of the same over the next six years," said Discovery Director John Malone, Chairman of Liberty Media Corporation and Liberty Global, Inc.