Loss-making Warner Bros Discovery’s CEO pay rises to $50 mln in 2023

Warner Bros Discovery CEO David Zaslav’s annual compensation rose nearly 27% to $49.7 million in 2023, a filing with the Securities and Exchange Commission (SEC) showed on Friday.

The rise in pay was partly related to the loss-making media conglomerate’s decision to align its executive compensation to focus more on debt reduction and free cash flow.

Warner Bros Discovery reported an 86% jump in free cash flow to $6.16 billion in 2023, largely because of lower spending during the Hollywood strikes that had paralyzed production for months.