David Zaslav, CEO of Warner Bros. Discovery, recently sold over 2.5 million shares of the company, earning more than $30 million. The shares were sold at an average price of $11.73 each, according to documents filed with the SEC.
This marks Zaslav’s first significant share sale since 2022, following the merger between Discovery Communications and WarnerMedia. The transaction is reportedly tied to year-end estate and financial planning.
Despite the sale, Zaslav remains a major shareholder in the company, holding nearly 20 million shares. His move aligns with a trend among media industry leaders: Disney CEO Bob Iger recently sold shares worth over $41 million, and Fox CEO Lachlan Murdoch sold nearly $5 million in shares earlier this year.
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