Seth Meyers on politics and dad jokes; David Zaslav’s problematic paycheck
The Business
KCRW
4.6 • 676 Ratings
🗓️ 6 June 2025
⏱️ 29 minutes
🧾️ Download transcript
Summary
A shareholder revolt is underway at Warner Bros. Discovery… meaning, a 60% vote against CEO David Zaslav’s $52 million pay package for 2024. What drove the investor backlash? Meanwhile, Disney is back in layoff mode, with hundreds affected in the latest wave of budget cuts. Kim Masters and Matt Belloni explain what’s behind both moves.
Plus, Masters talks to Late Night host Seth Meyers about how his years at SNL both shaped and traumatized him. The comedian also shares how fatherhood has given him plenty of material for his standup specials — Lobby Baby and Dad Man Walking.
Transcript
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| 0:00.0 | From KCRW, I'm Kim Masters, and this is The Business. |
| 0:05.0 | As the Trump administration keeps upping the pressure on media companies, late-night host Seth Myers, says he, and as far as he knows, his bosses at NBC, have no plans to back off the political satire. |
| 0:18.3 | I only see one path forward for our show, which is keep doing what we're doing. |
| 0:21.8 | I would certainly be pessimistic about how happy I would be if we did whatever version of the show |
| 0:27.4 | the current administration would be happy with or the one that they would stop complaining about. |
| 0:31.6 | Seth Myers joins us to demonstrate why the nickname Trump gave him doesn't really land. |
| 0:36.7 | He also talks about how his years at Saturday Night Live both shaped and traumatized him |
| 0:42.3 | and how fatherhood has given him lots of material for his stand-up specials, Lobby Baby, |
| 0:48.0 | and Dadman Walking. |
| 0:49.8 | But first we banter. |
| 0:51.2 | Stick around. |
| 0:51.9 | It's the business from KCRW. |
| 0:54.7 | I am joined by my partner in banter, Matt Bellany. |
| 0:58.2 | Hello, Matt. |
| 0:58.9 | Hi there. |
| 1:00.0 | So, David Zaslov, who is always well compensated, no matter what the weather, got a little smackdown from the Warner Brothers Discovery shareholders. |
| 1:11.9 | They rejected his 2024 compensation package. |
| 1:15.8 | 60% voted against it. |
| 1:17.6 | This is an advisory vote, so it doesn't stick. |
| 1:21.1 | But let me just say two things. |
| 1:22.4 | One is he's not the first and only to get this. |
| 1:25.0 | That happened with Netflix, which certainly had better performance by |
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