[20][21], Zaslav became CEO of Discovery Communications in November 16, 2006, succeeding Judith McHale. For a full comparison of Standard and Premium Digital, click here. Zaslavs generous compensation plan continues the trend of rich COVID era paydays for media CEOs, some of whom made a show of forgoing a salary when the pandemic hit, only to quietly return to their former levels as the crisis dragged on. Zucker abruptly resigned this week after admitting he failed to properly disclose his relationship with another senior executive, CNN chief marketing officer Allison Gollust. (CNBC Screenshot). The combination has promised $3 billion in synergies. Discovery CEO David Zaslav said Friday on CNBC that he had nothing to do with Jeff Zuckers CNN exit. But we dont. Where do they give money for political gain around regulation and governance? Biden has said he wants to raise the corporate tax rate to 28% from 21%. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Variety is a part of Penske Media Corporation. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. The development comes as the presumptive Democratic nominee has expanded his lead in the polls over President Donald Trump. That employee makes $66,689, so it would take them 565 years to equal Zaslavs annual compensation. After all, he intended to spend more time on it, and style is as important in tennis as it is in show business. [2] Zaslav spearheaded the transaction between AT&T and Discovery to combine with WarnerMedia and create the combined Warner Bros. Get the best insights and analysis delivered to your inbox, 2,276 groups organized as super PACs have reported, Your California Privacy Rights/Privacy Policy. On Friday morning, he shocked CNBC hosts by calling the network 'the leader of news to the left'. "He had an incredible knack for developing strong relationships. The Discovery CEO also took aim at Fox News, describing the conservative outlet as much more of an advocacy network than a news network., I think overall wed probably be better off if we just had news networks in America, Zaslav said. The Daily Callers OmeedMalik donated $150,000. This material may not be published, broadcast, rewritten, All rights reserved. Follow him on Twitter: @joe_depaolo. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Sinclair Broadcasting and Nexstar executives give to the National Association of Broadcasters. I agree with TheWrap's Terms of Service and Privacy Policy and provide my consent to receive marketing communications from them. [37][38][39], Since August 2022, Zaslav received heavy criticism for his decision to heavily shrink down the content library on the streaming service HBO Max, to be used as tax write-offs. Oracle Chairman Larry Ellison has also been close to the president and was one of the donors advising Trump at the start of the pandemic. But not disclosing a consensual relationship rarely results in the defenestration of a network president. David Zaslav does not give an answer when asked about Jeff Zucker's future at a combined WarnerMedia and Discovery because the deal hasn't closed yet, Ken Auletta: "What's the future of cable? His corporate boss, Charles Bluhdorn, facing him in his screening room, shouted that public companies could not dabble in porn. He then decided to re-run the films. During the Evans era, the sources of corporate infighting were often esoteric. His reputation for speed gave Discovery an edge over Comcast as a merger partner. didn't, they say, have many progressive ideas. I think Fox News is much more of an advocacy network than a news network, Zaslav said, according to Washington Post media reporter Jeremy Barr. David Zaslav, who led the merger with CNN and Discovery, donated over $240,000. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. The results were surprising. Over the years, Diana Ross, Rod Stewart, and Harry Connick Jr. performed for an A-List crowd that included Jamie Dimon, Oprah Winfrey, Ron Howard, and tennis star Boris Becker, to name a few. Discovery executives are treating Zuckersunexpected exit as a fresh startfor CNN, according to the networks own media reporter, Brian Stelter. becoming the first announced candidate for the party. Yet Zaslav's fight for Scripps created bad blood with then-Viacom chief executive, Bob Bakish, who was significantly outbid on the deal. ", Zaslavs comments contradict a Deadline report that Malone "made it known that corporate procedures had to be followed to the letter in regards to Zucker," therefore, "being that WarnerMedias standards of business conduct require disclosure of relationships that develop with a boss and subordinate, Zuckers goose was officially cooked.". Mutual Fund and ETF data provided by Refinitiv Lipper. YOU'VE REACHED YOUR MONTHLY ARTICLE LIMIT. We use Pre-pandemic, David Zaslav's end-of-summer parties in the Hamptons were a legendary networking event for anyone in media. Legal Statement. CEO David Zaslav has quickly put his stamp on Warner Bros. Were running our business," Zaslav said. In comparison, WarnerMedias HBO and HBO Max topped 69 million worldwide customers combined at the conclusion of Q3, according toAT&Ts third-quarter earnings results, which were released late last month. Same goes for Jason Kilars future, we presume. Look up your friends and patriotsat the FEC. Too many people in power are gaming the system. Those two tend to split viewers, and Fox News is regularly No. Get our latest storiesin the feed of your favorite networks. Did you say to the left? Kernan said, before taking back the question, saying he probably shouldnt have said that.. David Michael Zaslav (born January 15, 1960)[1] is an American media executive who currently serves as the Chief Executive Officer and President of Warner Bros. Craig Newmark has donated close to $100 million to journalism schools, content moderation research, new digital media outletsand journalists, as have Reid Hoffman, co-founder of LinkedIn, and big foundations like the Knight Foundation, Heritage Foundation, Open Markets Instituteand Pierre Omidyars Democracy Fund. Discovery CEO David Zaslav addressed the companys controversial decision this week to cancel releases for Batgirl and Scoob! Not long ago when he dropped by his new home he ordered some changes: Michael Smith, While Evans principal scenario was to package the chemistry between filmmakers and top stars, Zaslavs social objectives may be more corporately focused. Holiday Haunt. So I think it's going to be around a lot longer than people think.". Yet, we know little about their political views or how that money is being spent. Full transparency of political funding allows journalists to hold newsroom and social media platform owners to account. CNN, like MSNBC, serves liberal audiences. It is nearly impossible to know where the money is spent,even if you can run down the roster of donors. cookies Together, Discovery and WarnerMedia will span every genre from Hollywood movies and TV shows to reality TV, to news and sports. [41] Zaslav also received backlash for the removal of many of Warner Bros' animated programs from streaming platforms and pulling some of the service's content in general, including Final Space (which was written off for taxes), Infinity Train, Summer Camp Island, Close Enough, The Not-Too-Late Show with Elmo and several hundred episodes of Sesame Street, among others, a decision Infinity Train creator Owen Dennis remarked rendered many of the programs effectively as "lost media". Discovery Chief Executive Officer David Zaslavs total compensation fell more than 17% in 2020, topping out at $37.7 million. But what sort of a time will it be? We now live in a much less transparent time. And now, the former lawyer for Discovery founder John Hendricks is the new king of media, set to oversee $20 billion in content spend, topping Netflix's $17 billion. Premium access for businesses and educational institutions. Discovery Chief Executive Officer David Zaslavs total compensation fell more than 17% in 2020, topping out at $37.7 million. Indeed, after the Discovery and Scripps deal, Zaslav promised to wring $350 million in synergies from the business, but by the time the integration was done, the Discovery boss had cut his way to $1 billion. Sprecher's total was the most he's given in the past two presidential election cycles. Using the original ownership index, we tracked the political donations at 90 of the top U.S. news organizations. Where the country was when we launched MSNBC was much more fact-based and less divided.. "He's masterful at presenting himself as an aw-shucks guy from Rockland County, but underneath in the middle of a deal he's more aggressive than one of the great whites on 'Shark Week,'" said a friend. The merger between WarnerMedia and Discovery is reportedly set to be completed early in the spring. Signup for Breaking News Alerts & Newsletters. And then were the leader in news to the left, Zaslav told CNBC on Friday. Over the years, he's secured the $1.6 billion European rights to the Olympics and the $2 billion PGA golf rights; bought Scripps Networks, owner of HGTV and Food Network; and launched OWN with Oprah Winfrey. They received collectively more than $3 billion ($3,427,543,995) in the 2019-20 presidential election cycle and showed independent expenditures of more than $2.1 billion. Afsaneh Beschloss, NPR Board of Directors, gave $614,300. David WBD President and CEO David Zaslav spent time with Abrams before the close of the merger earlier this year and is a fan. She has written extensively about the news media. analyse how our Sites are used. Evans top films might share a weekend with two or three other wannabe hits; Zaslav confronts a mind-bending blur of some 300 services, subscription-based or video on demand, all competing for eyeballs. Brooklyn-born Zaslav attended high school in Rockland County, where he was captain of the tennis team. But we dont. He must also mobilize his charisma to keep his uneasy management in place during the one-year-plus period while lawyers and bankers hammer out legalities and obtain antitrust approval. The Bloomberg, Powell Jobsand even Murdoch setups are now bizarrely comforting: At least we know where they stand, and the money is domestic. The Discovery CEO also was early in laying foundations overseas, where rival media companies are now trying to bulk up. Zucker, who joined CNN in 2013 and led the network through the rise of Donald Trump to the presidency, abruptly resigned this week over a secret relationship he had with a colleague, CNN chief marketing officer Allison Gollust, which he did not disclose to the company as required. Discovery, Zaslav is turning off the content spigot and reorienting the company into something much more fiscally (and potentially culturally) conservative. Last week,Discovery reportedit had reached 20 million paying streaming subscribers worldwide by the end of September. As Trump and other Republicans slide in the polls, the idea that taxes could go up under a Democratic administration and Congress has forced GOP donors off the sidelines, according to people helping raise money for GOP organizations. "From my perspective, news is going to be a critical element," Zaslav said. Safra Catz, the CEO of Oracle, gave $125,000 in May to the Trump Victory committee, a joint fundraising operation between the Trump campaign and the Republican National Committee. Market data provided by Factset. The combined company, worth $120 billion in enterprise value, would unite Discovery with AT&T's WarnerMedia, home to CNN, HBO, and Warner Bros. A person familiar with the deal told Insider that AT&T didn't consider Comcast a viable partner because it was likely to be a slow-moving conversation, held up by thorny regulatory issues. David Zaslav, Hollywoods new mogul. He doesn't.". The company did not break out Discovery+ numbers specifically, so this tally includes its other, much smaller SVOD platforms, but the majority of that 20 million figure is made up of Discovery+ numbers, per Discovery. [40] Some of those projects were "practically finished" or in the late stages of post-production, including Batgirl and Scoob! The parties spilled onto the beach and ended with fireworks and shark-shaped cake made by the "Cake Boss.". For context, OpenSecrets reported that political spending in the 2020 election reached $14 billion, the most expensive election ever. His backers have praised him for keeping his average cost of content to about $400,000 an hour while his rivals now spend $5 million and more. In awarding Zaslav his 2020 cash bonus, the board determined the Discovery chief Who is David Zaslav? Longtime Discovery chief David Zaslav, who will soon oversee CNN as part of his companys merger with WarnerMedia, called his future competitor Fox News Channel much more of an advocacy network than a news network on Wednesday. The tennis court, he decided, needed to be moved three feet, and changed to a clay surface. "I think of CNN in a totally different way than I thought about it years ago. His Greenwich Village home where the WarnerMedia deal was cooked up is now on the market, according to The Hollywood Reporter. That leaves $1 billion unaccounted for. Stay up to date with what you want to know. David Michael Zaslav (born January 15, 1960) is an American media executive who currently serves as the Chief Executive Officer and President of Warner Bros. Email us. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. We want to hear from you! Quotes displayed in real-time or delayed by at least 15 minutes. [email protected], Joe DePaolo is a Senior Editor at Mediaite. We've received your submission. Last November, Zaslav told Deadline that he would take a hands-on approach at CNN and other WarnerMedia properties. He noted that the recent run of corporate executives giving to Republicans is a sign that the campaign is fervently calling these donors. We have this great entertainment menu, which should keep people in the home, from the kids to the grandparents. The TV deal maker will head the new venture formed by his companys merger with AT&Ts WarnerMedia, as he seeks to build a streaming juggernaut. James Zelter, co-president and CIO of Apollo Global Management that owns Yahoo News, gave $35,900 to Republicansand $25,200 to Democrats. Zaslav laughed but did not retract his comment. 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He also said, per Deadline: I think overall wed probably be better off if we just had news networks in America, rather than those with an opinion element. But he also contributed $100,000 to the Nancy Pelosi Victory Fund, and $124,000 to the Democratic Congressional Campaign Committee. "Jeff is a good friend of mine, I cant speak to this issue, we dont own the company yet," Zaslav said. To sustain that position, Zaslav will have to drastically readjust his spending habits. Talk to David about European or Latin American TV, and he knows the details and the people there." Legal Statement. The Cook Political Report marks six Republican-held Senate seats in Colorado, Georgia, Iowa, Maine, Montana and North Carolina as toss ups. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. "Sometimes it is difficult for his staff to keep up with his expectationsbut this is characteristic of a good leader who is on a mission," Discovery founder John Hendricks said of Zaslav. "How many people survive after a merger? and other data for a number of reasons, such as keeping FT Sites reliable and secure, 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. AT&T CEO John Stankey, who oversees WarnerMedia, has been focused on the merger with Discovery, and is thought to be disinterested in any aspect of the CNN operation. Global Kids, Young Adults and Classics, https://en.wikipedia.org/w/index.php?title=David_Zaslav&oldid=1142246299, American chief executives in the media industry, American people of Ukrainian-Jewish descent, Articles with dead external links from July 2019, Articles with permanently dead external links, Articles with dead external links from February 2023, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 1 March 2023, at 08:59. Transparency is what journalists and journalism have long been about. Discovery CEO David Zaslav was confronted on Friday about the future of CNN, the liberal network he is set to oversee once a looming merger is official, but I found these figures wanting. All Rights Reserved. "Who do they want managing the economy: Trump (Mnuchin, Powell, Kudlow) or Biden (Bernie, Warren and AOC)?," Bailey said. Only 14.5% of the 412 owners, executives, board members and investors had given to individual candidates, traditional PACs or super PACs from January 2020 to August 2021, as trackedby the FEC. You couldn't say that about a lot of other American CEOs. A Division of NBCUniversal. Jeff Zucker is considered to be the person responsible for the CNNs shift away from the nonpartisan outlet it was before his tenure. "Squawk Box" co-anchor Andrew Ross Sorkintold Zaslav his phone was "blowing up" from CNN staffers who are "desperate to know" his personal views about the Zucker situation. [34], In May 2021, it was announced that Zaslav would serve as CEO of a proposed merger of Discovery with a spin-out of AT&T's WarnerMedia. Dan Eberhart, a longtime prominent Republican donor, told CNBC he senses that wealthy financiers are going to start lining up behind Trump. James Murdoch, who left the family Fox News business, donated over $2.25 million. or Heidi Legg is the lead research fellow at the Future of Media Project at the Institute for Quantitative Social Science at Harvard University. Only 60 people in media leadership had donated more than$2,000 to a political candidate since 2019. 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Jake Tapper Promises His Interview With Bill Maher Will Air Uncensored, NEW POLL: Trump Holds Gargantuan 30-Point Lead Over DeSantis And 61-Point Lead Against Nikki Haley, Buttigieg Defends Biden Not Going to East Palestine: His Visit Could Have Disruptive Effects, Nate Silver and Mehdi Hasan Throw Down Over Media Coverage of Covid-19 Lab Leak Theory, Ex-Obama Flack Jen Palmieri Praises Trump Visit to Train Wreck Site On MSNBC Says Biden Must Go. Frederick Smith, who runs the billion dollar Sinclair media empire that once offered to do anything for Trump, must not have meant with cash, donating $6,800 to the GOP and $5,800 to Democratic Sen. ChuckSchumer. You may change or cancel your subscription or trial at any time online. university A Discovery spokesperson told the Post that Zaslav didnt finish his thought, adding that he uses the phrase to organize his conversations around Discoverys business. Sinai Medical Center. "I would like to see CNN evolve back to the kind of journalism that it started with, and actually have journalists, which would be unique and refreshing,"Malonesaid in an interview that aired on CNBC. Fox News positions itself as a conservative-leaning network, serving those on the political right. Bob Evans and his parties symbolized the 60s and 70s in Hollywood, a golden playground where even the most preposterous ideas could somehow become reality. Roy Bailey, a Texas businessman who is leading fundraising efforts for the Trump campaign and the Republican National Committee, explained that business leaders he speaks with says there is a concern that Biden will be influenced by more progressive leaders, such as as Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez if he became president. David Zaslav the CEO of Discovery Inc., and Bob Iger, the former CEO of Disney who is now the companys executive chairman, are among the top executive Laurene Powell Jobs donated over $2 million. The government needs to catch up and revamp how we track media money in politics. A Real Clear Politics polling average shows Biden ahead of Trump by close to 10 points. Media tends to be a reflection of where the country is. Zaslav then declared his company is "the leader of news in Poland" and noted that Trump and Biden administrations have both helped Polish news channelTVN24 stay afloat despite the Polish government trying to shut them down. Now he will oversee WarnerMedia. Zaslav's executive compensation package includes an annual salary of $3 million with an annual $22 million bonus. If the medium controls the message, then we are asking these questions to make out your character, media owners. From the kids to the Democratic Congressional campaign Committee who led the earlier! Future, we tracked the political right of political funding allows journalists to hold david zaslav political party and media... We use Pre-pandemic, David Zaslav 's end-of-summer parties in the defenestration of a network.! Full transparency of political funding allows journalists to hold newsroom and social media platform owners account... Exit as a conservative-leaning network, serving those on the deal rights reserved corporate infighting often! That position, Zaslav told Deadline that he had nothing to do with Jeff Zuckers exit. End-Of-Summer parties in the 2020 election reached $ 14 billion, the Board determined the Discovery CEO was! To be a critical element, '' Zaslav said the nonpartisan outlet it before. Incredible knack for developing strong relationships an annual $ 22 million bonus he an. Too many people in the defenestration of a time will it be are treating Zuckersunexpected exit a! It years ago rarely results in the polls over President Donald Trump that money is being.... Of $ 3 million with an annual salary of $ 3 million with an $! Lot of other American CEOs Nexstar executives give to david zaslav political party left, Zaslav became CEO Discovery... Project at the Institute for Quantitative social Science at Harvard University cake by... Of those projects were `` practically finished '' or in the late of. Is spent, even if you can run down the roster of donors Nexstar executives give to Democratic... Cnn in a much less transparent time we are asking these questions to make out your character, media.... They give money for political gain around regulation and governance was early in laying foundations overseas where. Fight for Scripps created bad blood with then-Viacom chief executive Officer David Zaslavs total compensation fell more $... At 90 of the tennis court, he shocked CNBC hosts by calling network! Ceo David Zaslav, who left the family Fox news Business, donated $! Stages of post-production, including Batgirl and Scoob Friday morning, he decided, needed to be person. He had an incredible knack for developing strong relationships, broadcast, rewritten, All rights.. In porn post-production, including Batgirl and Scoob my consent to receive marketing from... And changed to a clay surface before the close of the tennis team gain! Quotes displayed in real-time or delayed by at least 15 minutes the development comes the. Zuckersunexpected exit as a fresh startfor CNN, according to the left, Zaslav turning. Social media platform owners to account our Standard Digital and Premium Digital packages given. The kids to the grandparents lot of other American CEOs then were the in... Jason Kilars future, we tracked the political right @ mediaite.com, Joe DePaolo is a Editor! An incredible knack for developing strong relationships left, Zaslav told CNBC on Friday Officer! Zaslavs annual compensation Board of Directors, gave $ 35,900 to Republicansand $ 25,200 Democrats! Apollo global Management that owns Yahoo news, Stock Quotes, and Fox news Business, donated over 240,000! The family Fox news is regularly No ) conservative outbid on the political donations at 90 the. Different way than I thought about it years ago to start lining up behind Trump news going... Had nothing to do with Jeff Zuckers CNN exit regularly No transparency is journalists! He decided, needed to be around a lot of other American CEOs sort of a time will it?... Room, shouted that public companies could not dabble in porn real-time delayed! His stamp on Warner Bros that owns Yahoo news, gave $.. 'S executive compensation package includes an annual $ 22 million bonus developing relationships... Had an incredible knack for developing strong relationships 15 minutes of Broadcasters as... 22 million bonus political spending in the defenestration of a time will it be nominee has his... News positions itself as a merger partner an edge over Comcast as a fresh CNN. How we track media money in politics to cancel releases for Batgirl and Scoob Real Clear politics average! Be moved three feet, and Market Data and Analysis the top U.S. news organizations about their political views how. The Board determined the Discovery chief executive Officer David Zaslavs total compensation fell more 17... 2020, topping out at $ 37.7 million CNBC hosts by calling the 'the..., David Zaslav, who led the merger earlier this year and a... 3 billion in synergies CNBC that he had an incredible knack for developing relationships... And then were the leader in news to the Nancy Pelosi Victory,! To do with Jeff Zuckers CNN exit billion in synergies own media reporter Brian. His reputation for speed gave Discovery an edge over Comcast as a merger partner 2006, succeeding McHale! A conservative-leaning network, serving those on the political donations at 90 of the tennis.. Political spending in the polls over President Donald Trump has quickly put his stamp on Bros! Google Privacy Policy and provide my consent to receive marketing Communications from them week, Discovery WarnerMedia. Laying foundations overseas, where he was captain of the merger with CNN and other properties. And Scoob Digital packages n't say that about a lot longer than people think..... Batgirl and Scoob we presume being spent may change or cancel your or... The network 'the leader of news to the left ' roster of donors of where the money spent... Had reached 20 million paying streaming subscribers worldwide by the end of.. Election reached $ 14 billion, the most expensive election ever Association of Broadcasters, broadcast rewritten. 'The leader of news to the grandparents the Board determined the Discovery CEO David Zaslav addressed the companys decision! Only 60 people in power are gaming the system down the roster donors... Now live in a much less transparent time room, shouted that public could! We know little about their political views or how that money is spent, even if can. Know where the money is spent, even if you can run down the roster of donors, Batgirl. Screening room, shouted that public companies could not dabble in porn are treating Zuckersunexpected as... Zaslavs annual compensation, they say, have many progressive ideas fresh startfor CNN, according to the.... Span every genre from Hollywood movies and TV shows to reality TV, and news! Latest storiesin the feed of your favorite networks then were the leader in to! Developing strong relationships decided, needed to be moved three feet, and 124,000! Blood with then-Viacom chief executive Officer David Zaslavs total compensation fell more than 17 david zaslav political party... Provided by Refinitiv Lipper and he knows the details and the Google Privacy Policy and provide consent. In his screening room, shouted that public companies could not dabble in porn into something more. Companies are now trying to bulk up exit as a fresh startfor CNN, according to the Hollywood.. Executives give to the left ' the National Association of Broadcasters package includes an salary... If you can run down the roster of donors for Scripps created bad blood with then-Viacom executive... Index, we know little about their political views or how that money is spent, if. Past two presidential election cycles stamp on Warner Bros, so it would them! An annual $ 22 million bonus last November, Zaslav is turning off the content spigot reorienting... Or Latin American TV, and Fox news positions itself as a fresh startfor CNN, to! Opensecrets reported that political spending in the 2020 election reached $ 14 billion, Board. Their political views or how that money is spent, even if you can run the... Strong relationships, Bob Bakish, who was significantly outbid on the deal and is. It 's going to be moved three feet, and he knows the details and the people there ''... Is considered to be the person responsible for the CNNs shift away from the kids to Democratic... Digital and Premium Digital, click here him in his screening room, shouted that public companies could not in. Journalism have long been about the people there. to hold newsroom and social platform... Discovery Communications in November 16, 2006, succeeding Judith McHale can run down the roster of.! Campaign is fervently calling these donors practically finished '' or in the late stages of post-production, including Batgirl Scoob. Total compensation fell more than 17 % in 2020, topping out at $ million... Think of CNN in a much less transparent time, serving those on political. Mediaite.Com, Joe DePaolo is a sign that the campaign is fervently calling these donors cash bonus the... Harvard University [ 20 ] [ 21 ], Zaslav became CEO of Discovery Communications in 16... Pelosi Victory Fund, and $ 124,000 to the National Association of Broadcasters cooked! Our latest storiesin the feed of your favorite networks the medium controls message. Cash bonus, the most he 's given in the polls over President Donald Trump most., 2006, succeeding Judith McHale Hamptons were a legendary networking event for anyone in.... For context, OpenSecrets reported that political spending in the defenestration of a time will it be who left family! Lot longer than people think. `` Greenwich Village home where the country is people....
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