Discovery’s Zaslav Gets $246.6 Million in Pay as Merger Nears

Discovery Inc. Chief Executive Officer David Zaslav, who is about to close one of the media industry’s biggest mergers, was awarded an options-fueled pay package of $246.6 million last year.

The 62-year-old earned $3 million in salary and $202.9 million from stock options, as well as other compensation, according to a filing Monday, making him one of the highest paid executives in the U.S. Discovery entered into a new employment agreement that will keep Zaslav in his post through the end of 2027.

“Mr. Zaslav is an outstanding leader who, over the course of his tenure as CEO, has ...