Zaslav set for at least $550 million payout on Paramount-WBD close

Warner Bros. Discovery president and CEO David Zaslav is set to receive a golden parachute payout, meaning an exit payment triggered by a change of ownership, of at least $550 million when the Paramount-WBD merger closes, Variety reported Oct. 5. Variety reported the merger is scheduled to close Oct. 6, with the combined company to be named Skydance Corp.