In all seriousness, I think Wade has a unique opportunity. Wade Davis Chief Executive Officer at TelevisaUnivision Inc. Miami, Florida, United States 1K followers 500+ connections Join to view profile TelevisaUnivision Williams College Activity Exciting. This is a pivotal moment in Univisions rich history, he said in a statement. I write about media, entertainment and diversity. Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexicos Grupo Televisa announced Tuesday theyve completed the acquisition of giant Spanish-language broadcaster Univision. 2023 Deadline Hollywood, LLC. This documentary-style series follows investigative journalists as they uncover the truth. So, how much is Wade Davis worth at the age of 45 years old? Viacom has promoted Wade Davis to chief financial officer, replacing Jimmy Barge. In 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain. It operated approximately 170 networks and reached approximately 700 million subscribers in 160 countries and growing. We are excited to be part of this new phase of Univision. Wade is a new board member of the Ms. Foundation for Women, as well as a United Nations Women Global Impact . Find open jobs near you. In 1983, Viacom acquired again its premium channel Showtime which later merged with the warner-AMEX movie channel. ViacomCBS recently announced Ianiello is exiting the company in March, replaced by former NBCUniversal executive George Cheeks. Wade Davis. Wade Davis. Why? Thorough reviews have been conducted to assure this data accurately reflects disclosures. The. We want to hear from you! This General Release of all Claims (this "Agreement") is entered into by Wade Davis (the "Executive") and Viacom Inc. . Viacom Inc's most recent insider trade came on May 15, 2017 by In a deal announced in February, Searchlight and ForgeLight acquired 64% of Univision from an investor group including Madison Dearborn Partners, Providence Equity Partners, TPG, Thomas H. Lee Partners and Saban Capital Group. Let CFO Dive's free newsletter keep you informed, straight from your inbox. The company owns or operates 61 television stations and 58 radio stations, has a live event series and a robust digital audio footprint along with its Univision.com website and streaming service Univision Now. He currently resides in Lake Wales, Florida, USA. Hispanic millennials and Gen Z Hispanics are much more committed to action. Over the next decade, theyparticularly Gen Z members of the communitywill have a greater influence on what the industry looks like than any generation before them. 2020. Mexicos Grupo Televisa SAB, the companys longtime partner, will retain its 36% stake in Univision. There are 100+ professionals named "Wade Davis", who use LinkedIn to exchange information, ideas, and opportunities. Business. 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I write about media, entertainment and diversity. 2 Spanish-language broadcaster in the U.S., offers programming on streaming site Peacock, which its parent company, Comcast Corp., owns. We have estimated Wade Davis's net worth , money, salary, income, and assets. articles a month for anyone to read, even non-subscribers! I think Telemundo has done a remarkable job in terms of diversity of content and appealing to a younger Latinx Gen Z audience. Job, Small U.S. Coronavirus Update: California Overtakes Texas As Most Infected State In Nation As America Reaches 15M Cases, Coronavirus: Movies That Have Halted Or Delayed Production Amid Outbreak, Hong Kong Filmart Postponed Due To Coronavirus Fears; Event Moves Two Weeks Before Toronto. These services include; cable television operators, direct to home satellite television operators, mobile networks, and subscription-based video on demand. Hes a former NYU and Rutgers adjunct professor, 2012 President Obama surrogate, and feminist. Viacom promotes Wade Davis to CFO. Viacom later bought VIVA media AG in 2004, the German equivalent to MTV. Insider trading is most common in May, with the busiest year in 2005. Davis will be CEO. I don't think it happens overnight. The move results from last week's FCC approval of the sale of a majority stake in Univision Holdings by investment groups Searchlight Capital Partners and ForgeLight LLC; Davis founded and is CEO of the latter. Wade Davis, Former CFO of Viacom, has become CEO of Univision after his investment group, ForgeLight, closed on a majority stake purchase, the company announcedDecember 29. The Advice Former Univision Chief Joe Uva Would Give New CEO Wade Davis. The most active traders at the company are Salaries solution. Viacom later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. At that point, it was a thriving media conglomerate bringing in some $2 billion a year in revenue from its broadcast flagship, cable channels, local TV and radio stations, and a music division. Viacom Inc. (Video & Audio Communications) was an American multinational mass media conglomerate with interests primarily in film and television. It was formed as a spin-off of the first Viacom on December 31, 2005. Wade Davis who bought 28,710 units worth The latest entrant into the process is Searchlight Capital, a private equity firm said to be teaming up with Davis, as first reported by The Wall Street Journal. "When you look at earning versus expectations we grew revenue, we . At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. Its a powerful connection to a community that, I guarantee you, none of the other broadcast networks or cable networks havewith the possible exception of the relationship Fox News has with their audience. Their constant commitment to the Telemundo Super Series, those 10 oclock shows which have been running since back when I was there, have really helped them get to parity. As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. If Wade Davis, former Viacom It will truly be an evolution. Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! Bloomberg Markets Americas. Univisions new leadership team plans to use the companys extensive platform and strong pipeline of entertainment, sports and news content to deepen its relationship with the Hispanic community, building upon its established leadership in Spanish-language media, it said. Get the free daily newsletter read by industry experts. Univision Communications Inc. completed the acquisition of Content and Media Assets of Grupo Televisa, S.A.B. Bloomberg Markets Americas. He is from Canada. But Univision will face competition for viewers from a growing number of Spanish-language programs on services like Netflix, which has over 36 million Latin American subscribers, and several original series in Spanish, Bloomberg wrote, adding that Telemundo, the No. Net worth of Viacom in 2022. The split was approved by Viacoms board on June 14, 2005, and took effect on January 1, 2006. $992.22K on May 15, 2017. As investors circle Hispanic media giant Univision Communications, former Viacom chief financial officer and investment banker Wade Davis continues in the mix as some new names emerge. Since then, Univisions owners have explored various exits on and off for years. However, the merger was completed on December 4, 2019. Of this total $1,750,000 was received as a salary, $2,825,000 was received as a bonus, $824,999 was received in stock options, $2,397,775 was awarded as stock and $29,255 came from other types of compensation. Streaming has been a mainstay of Davis' career. Take a look at the YouTube channels and youll see some of the truly brilliant content that's being created by Gen Z Hispanics. Univision announced plans to explore its options last summer. If one of your old teammates at NBC Telemundo, called you and asked for advice, considering the different situations for Telemundo and Univision, what's the first thing that you would say? The second Viacom comprised of Viacom media networks and paramount pictures. From back in the 20th century through today, the companys first point of contact has been through a local television or radio stationor more recently through a website or an app. It was later renamed CBS Enterprises in 1970 and later spun into its own company in 1971. February 25, 2020 9:03am. Wades leadership and Searchlights support are the catalysts that Univision needs to solidify its position as the leading Spanish-language media organization in the United States in light of the rapid changes that the industry is facing. The service is Davis' top priority; he believes Hispanic audiences aren't being served by the current streaming landscape, Bloomberg reported. A Univision spokesman declined to comment on a possible sale. Later in 1987, Viacom bought MTV networks, which owned MTV and Nickelodeon. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. Sadusky sold Univisions English-language websites, a portfolio once known as Gawker Media Group that includes sites like Deadspin, but the company still reportedly has about $7.3 billion in debt. Sumner M Redstone, Director, Wade Davis usually trades in May, with the busiest year in 2019. Send us a tip using our annonymous form. By subscribing, I agree to the Terms of Use and Privacy Policy. In February, to Bloomberg News, Davis described the market for a Spanish-language streaming service as "wide open. Former Viacom Inc. Chief Financial Officer Wade Davis agreed to buy a majority stake in Univision Communications Inc., a deal that follows years of failed attempts to sell the Spanish-language . Some of these accolades include; Best Music or Dance Program Award and Best Entertainment Presenter Host with Salman Khan in Bigg Boss Season 11. Family Life Wade married his long time girlfriend Katelyn Casey in 2009. Opinions expressed by Forbes Contributors are their own. Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexicos Grupo Televisa announced Tuesday theyve completed the acquisition of giant Spanish-language broadcaster Univision. Former Viacom CFO Wade Davis' ForgeLight and Searchlight Capital have closed their acquisition of Univision, the two investment companies announced Tuesday. As of March 2023, Viacom is estimated to have a net worth of $15 billion. WORTH Published on February 9, 2020 . Univision Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexico's Grupo Televisa announced Tuesday they've completed the. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. This report is not for commercial use. The systems were located in Dayton, San Francisco, Nashville, and Seattle Metropolitan areas. However, CBS Corporation retained over-the-air broadcasting, television production, pay television subscription service and publishing assets. Deadline is a part of Penske Media Corporation. Viacoms first broadcast-station acquisition was in 1978 when the company bought WHNB-TV in new Britain, Connecticut changing its call letters to WVIT. Id say, put the pedal to the metal and keep doing what you're doing at a faster pace. Net Worth in 2022. And the Catholic Church just barely beat the TV network. Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. He left when the Viacom-CBS merger closed last December after recently garnering plaudits for bringing Pluto TV into the Viacom fold, considered a prescient deal given the intense industry focus on streaming. He is from United States. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. $140 per post at $7/CPM. All rights reserved. They're going to be part of what I think is the overall evolution of equality. Malones Liberty Global had also considered joining the bidding. As of August 2022, Viacom is estimated to have a net worth of $15 billion. The company owns or operates 61 television stations and 58 radio stations, has a live event series and a robust digital audio footprint along with its Univision.com website and streaming service Univision Now. In total, Wade Davis has made about 23 transactions over 4 years of their time at Viacom Inc. ", "It's really remarkable when you look at the competitive landscape that there is no high-quality, differentiated [over-the-top] service for this audience that is at scale," he told Deadline the same week. I remember research about Univision that said, among U.S. Hispanics, Univision was the most trusted institution, except for the Catholic Church. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Viacom began as CBS films the syndication division of the CBS television network in 1952. Former NFL Player Wade Davis is an educator and advisor on gender, race, and orientation equality, and currently the VP of Inclusion for Product at Netflix. Wade is a United Nations Women Global Impact Champion, a Ms. Foundation for Women board member and strategic partner to the MeToo Movement and Times Up. They not only understand the tastes of the community, they're the tastemakers. CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? He won the AL Pennant with the Royals in 2014 and the World Series with the team in 2015. This is a pivotal moment in Univisions rich history, he said in a statement. $859.03K on June 22, 2015. In an interview with Deadline when the deal was announced, Creed III Eyeing Franchise-Record 3-Day Debut Of $38M-$40M: Weekend Preview, Dune: The Sisterhood Star Shirley Henderson & Director Exit Amid Creative Overhaul, WGAW Exec Director David Young On Medical Leave; Ellen Stutzman To Lead Contracts Talks, HBOs Bill Maher, On CNN As Part Of Its New 9 PM Strategy, Predicts Biden Beats Trump In 24. The deal, first . Matt Beake, a spokesman for Liberty Global in London, told Deadline last month, This is a small investment that Liberty Global Ventures is exploring. He specified that any transaction would go through Liberty Global Ventures, the investment arm of Liberty Global. A Broadcasting & Cable Hall of Fame honoree, Uva now runs Gull Point Advisors and is the non-executive board chair for Revolver Podcasts. A planned initial public offering in 2015 was scratched. Warren Buffetts Letter Ducked Some Big Issues. Employers, Survey New York, NY 10036. . Find contact's direct phone number, email address, work history, and more. Wade Davis's income source is mostly from being a successful Writer. Wade Davis estimated Net Worth, Biography, Age, Height, Dating, Relationship Records, Salary, Income, Cars, Lifestyles & many more details have been updated below.Let's check, How Rich is Wade Davis in 2019-2020? Deadline is a part of Penske Media Corporation. It sold itself to a consortium of private equity firms, including Providence Equity Partners, Madison Dearborn Partners, Texas Pacific Group and Thomas H. Lee Partners, along with mogul Haim Saban, who controls properties like the Mighty Morphin Power Rangers. Viacom was also up for four nominations following its national wins. In addition, a spin-off company was created named Viacom, which was headed by Freston. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. 2023 Deadline Hollywood, LLC. ", Under Davis' leadership, Univision seeks to use its existing platforms and "pipeline of entertainment, sports and news content to deepen its relationship with the Hispanic community.". Save my name, email, and website in this browser for the next time I comment. Dallas-Fort Worth Metroplex. The merger was completed in 2000, and in 2001 Viacom completed its purchase of Black Entertainment Television (BET). Subscribe to CFO Dive for top news, trends & analysis, The free newsletter covering the top industry headlines, Survey Reveals Top 4 Agenda Items for CFOs in 2023, Number Crunch: Nine in 10 Accountants, Auditors Struggle to Find Talent, Global Caseware Surve, B Lab Global Hires from Fair Trade USA and Walmart for Key Executive Roles, By signing up to receive our newsletter, you agree to our, Webinar More details information about Current net worth of $ 15 billion this for. Since then, Univisions owners have explored various exits on and off for years Grupo Televisa,.! 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Gen Z Hispanics a mainstay of Davis ' top priority ; he hispanic... Work history, he said in a statement worth as well as a Nations! New phase of Univision brilliant content that 's being created by Gen Z Hispanics overall evolution equality!