Discovery Communications has extended Chief Executive David Zaslav's lucrative employment agreement through 2019, with base salary and bonus targets of about $10 million a year.
The deal, announced Friday, modifies how Zaslav's annual compensation is calculated to provide him with substantial stock holdings in the company.
Zaslav, who joined Discovery in January 2007, will continue to boast one of the most lucrative employment deals in corporate America.
“David has done a superb job," media mogul John Malone, chairman of Liberty Media Corp. and a Discovery board member, said in a statement. "He built a strong management team that has expanded the...