David Zaslav’s Next Act: Summer Camp Owner

Key Points:

• Mohawk Day Camp in Westchester County, New York, a summer camp with nearly a century of history, faces an uncertain future due to bankruptcy caused by a pair of brothers who accumulated debt through their holding company.
• Warner Bros. Discovery CEO David Zaslav, through his holding company Grandview Ventures, has made a $68 million bid to acquire Mohawk Day Camp and Mohawk Country Day School, aiming to preserve the camp for future generations.
• The bid includes nearly 39 acres of property, a playground, a performing arts center, and other infrastructure, with an auction deadline set for August 28 and financial terms including a breakup fee and expense reimbursement.
• Zaslav’s investment is personal and family-oriented, reflecting his belief in the value of summer camp, as his own children attended Mohawk when he was an NBC executive; however, he does not plan to operate the camp himself.
• This move comes as Zaslav leads Warner Bros. Discovery, a major media company encompassing Warner Bros. studios, HBO, and CNN, highlighting his capacity to make significant personal investments outside his corporate role.