Davis will be CEO. . Deadline is a part of Penske Media Corporation. We want to hear from you! Joe Uva is a giant in the media and advertising world. Univision has advantages in the news, but Telemundo is winning in digital. Directory List Lowercase 2.3 Big | PDF | Internet Forum . Streaming has been a mainstay of Davis' career. We have estimated Wade Davis's net worth , money, salary, income, and assets. They not only understand the tastes of the community, they're the tastemakers. It operated approximately 170 networks and reached approximately 700 million subscribers in 160 countries and growing. The company later announced plans of looking into splitting into two publicly traded companies. "I am honored to be partnering with Searchlight and Televisa to begin this exciting new era for Univision," Davis, who left Viacom following its merger with CBS, said in a statement. I remember research about Univision that said, among U.S. Hispanics, Univision was the most trusted institution, except for the Catholic Church. Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. Viacom was later renamed CBS Corporation, thus restoring its pre-merger name. Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. 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. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. 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. And what Univision has been able to build over the years through their news operationshas been trust. 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. "I thought it was a really strong quarter for us," Davis said. Listen to the full episode of The Revolucin Podcast featuring Joe Uva with co-hosts Ana Crandell, Diego Lastra and Court Stroud on iHeartMedia, Spotify,Apple Podcasts,Google Podcasts,Amazon Podcasts,or byclicking here. These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. 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. Employers, Survey In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. 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. Wade Davis's income source is mostly from being a successful . 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? In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. By subscribing, I agree to the Terms of Use and Privacy Policy. What He Should Have Said. Malones Liberty Global had also considered joining the bidding. . There are 100+ professionals named "Wade Davis", who use LinkedIn to exchange information, ideas, and opportunities. That it will cost him $1,000 an hour. articles a month for anyone to read, even non-subscribers! 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. Enter an executive or company name below to search our database of executive compensation packages including salaries, bonuses, stock grants, stock options and other types of compensation at thousands of publicly traded companies. A planned initial public offering in 2015 was scratched. February 25, 2020 9:03am. 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. $200 per post at $10/CPM. Viacom Inc's most recent insider trade came on May 15, 2017 by Hispanic millennials and Gen Z Hispanics are much more committed to action. Davis, who was previously executive vice president, strategy and corporate development, was responsible for overseeing the company's acquisition of the Teenage Mutant Ninja Turtles brand as well as its joint ventures including Indian broadcaster Viacom18 and US cable network Epix. Industries A Univision spokesman declined to comment on a possible sale. 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Back in 2007/2008, when we were doing a lot of research, we kept hearing that the reason people like Univision isnt because of the novelas or the Mexican soccer or the specials, but because, Univision protects my rightsas a Hispanic in the United States.. Save my name, email, and website in this browser for the next time I comment. Later in 1987, Viacom bought MTV networks, which owned MTV and Nickelodeon. We are excited to be part of this new phase of Univision. Wade Davis Dario Acosta/Courtesy of Viacom. Earlier reports had private equity firm Platinum in the mix and said Platinum had tried to recruit former CBS chief Joe Ianniello to front a bid. Wade was the NFLs first LGBT inclusion consultant where he worked at the intersection of sexism, racism, and homophobia to build inclusive leadership strategies and national engagement initiatives. 2020. Viacom Net Worth. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Its a huge opportunity that is completely open from a competitive standpoint.. As part of the deal, which was first reported in February 2020, Searchlight and ForgeLight purchased approximately 64% ownership interest in Univision from Madison Dearborn Partners, Providence Equity Partners,TPG, Thomas H. Lee Partners and Saban Capital Group. So, how much is Wade Davis worth at the age of 45 years old? Mexicos Grupo Televisa SAB, the companys longtime partner, will retain its 36% stake in Univision. Former Viacom CFO Wade Davis' ForgeLight and Searchlight Capital have closed their acquisition of Univision, the two investment companies announced Tuesday. If Wade Davis, former Viacom In the last 14 years, insiders at Viacom Inc have sold an estimated value of $1.1B SHARE. Wade is a new board member of the Ms. Foundation for Women, as well as a United Nations Women Global Impact . Net Worth Comparison Upcoming Birthday This information is according to proxy statements filed for the . Benefits Univision has had a rocky road since going private in 2006. There were layoffs and turmoil in management ranks culminating with a shakeup that saw Vince Sadusky replace CEO Randy Falco. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Viacom later fully acquired Showtime/the movie channel in 1985 from Warner-Amex. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Its a huge opportunity that is completely open from a competitive standpoint.. 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. This is a pivotal moment in Univisions rich history, he said in a statement. 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 . Viacom Inc. (Video & Audio Communications) was an American multinational mass media conglomerate with interests primarily in film and television. (Podcast). Net Worth in 2022. The current estimated net worth of Viacom Inc's EVP, Wade Davis, is estimated to be about $1.65M .Wade Davis owns about 42,424 units of Viacom Inc common stock. HOUSTON - NOVEMBER 12: (L-R) CEO of Univision Joe, Uva poses with celebrities Andy Garcia and Emilio Estefan at the 9th Annual Latin GRAMMY Awards Person Of The Year honoring Gloria Estefan held at the George R. Brown Convention Center on November 12, 2008 in Houston, Texas. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. They have also received great support from their fans who believe in them and love what they do as a team. This has been evident by the number of awards and nominations as well as honors they have received over the years. Before joining Netflix, Wade consulted for Google, P&G, Viacom & Bacardi. (Photo by Rodrigo Varela/WireImage). 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. The Advice Former Univision Chief Joe Uva Would Give New CEO Wade Davis. He won the AL Pennant with the Royals in 2014 and the World Series with the team in 2015. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. This report is not for commercial use. Wade Davis owns about 42,424 units of Viacom Inc common stock. Wade is a United Nations Women Global Impact Champion, a Ms . We are looking forward to an even closer collaboration with Univision to help it implement the many transformational initiatives that Wade has set out to achieve, said Televisa co-CEOs, Bernardo Gomez and Alfonso de Angoitia. Viacom was also up for four nominations following its national wins. Wade Davis (born September 7, 1985) is famous for being baseball player. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. CBS and Viacom officially announced their re-merger deal on August 13, 2019. (Podcast), Chief Executive Officer, Univision Communications Inc. All rights reserved. By subscribing, I agree to the Terms of Use and Privacy Policy. Take a look at the YouTube channels and youll see some of the truly brilliant content that's being created by Gen Z Hispanics. 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. 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. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. 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. Its a remarkable position. They also had one television station, WAST, in Albany, New York. unless such ownership constitutes a significant portion of your net worth. Some of these accolades include; Best Music or Dance Program Award and Best Entertainment Presenter Host with Salman Khan in Bigg Boss Season 11. It was formed as a spin-off of the first Viacom on December 31, 2005. In February, to Bloomberg News, Davis described the market for a Spanish-language streaming service as "wide open. He served as chairman of NBCU Hispanic Enterprises and Content, which includes television network Telemundo. Southwest Airlines, +4 more Univision announced plans to explore its options last summer. In addition, a spin-off company was created named Viacom, which was headed by Freston. 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. Warren Buffetts Letter Ducked Some Big Issues. Jobs CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. All Rights Reserved. In 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain. But it also took full advantage of the go-go market conditions, which were prompting a range of private equity holders to expand their footprints in many sectors of the economy. Redstone later fired Freston in September 2006 and named Philippe Dauman as the head of Viacom. Bloomberg Markets Americas. 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. This interview has been edited for brevity and clarity. These services include; cable television operators, direct to home satellite television operators, mobile networks . Send us a tip using our annonymous form. Viacom has promoted Wade Davis to chief financial officer, replacing Jimmy Barge. Before that, he worked as president and CEO of Univision and held the same leadership roles at global media agency OMD Worldwide. That's a lot of trust. Mr. Davis joined Viacom in December 2005 as Senior Vice President of Mergers and Acquisitions and assumed the additional duties of Strategic Planning and Corporate Development in 2009. Viacom operated several cable television systems from its formation in 1995. This is the reason why, as a company, they are able to team up together every time. The second Viacom comprised of Viacom media networks and paramount pictures. $4.8 Million Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. Prior to Viacom, Davis co-founded America's Choice, Inc. where he acquired research and associated IP to build a for-profit K-12 school performance improvement solutions business . The second Viacom was the worlds ninth-largest media company in terms of revenue, and the headquarters were located at One Astor Plaza in Midtown Manhattan, New York City. $859.03K on June 22, 2015. 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. Those are bubbling up to the forefront. 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. 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