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Discovery Communications has extended David Zaslav’s contract through Feb. 1, 2015, in a covenant that will see the president and CEO of the media conglomerate earn a base salary of $3 million per year effective the first of January, 2011, up 50 percent from the original $2 million Zaslav signed on for when he joined the company in 2007.
In addition to the extra numbers printed on Zaslav’s paycheck, the Discovery chief’s performance bonus target was raised from $3 million to $4 million for 2009, with annual hikes of $500,000 lined up from 2010 to 2014, per an 8-K filing with the Securities and Exchange Commission.
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