He is from United States. The Advice Former Univision Chief Joe Uva Would Give New CEO Wade Davis. Getty Images. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . Sign up for Deadline's Newsletter. You will be redirected back to your article in, AMC CEO Adam Aron Defends New Sightline Ticket Pricing, Acknowledges Substantial Change To The Status Quo For U.S. Moviegoers, AMC Entertainment Q4 Sales Dip, Losses Widen; CEO Sees 2023 Recovery But Says Shareholders Must Approve Key Cash-Raising Measures, An AI Voice That Sounds Like Ari Emanuel Will Kick Off Endeavor Earnings Call As Company Posts Solid Q4. This report is not for commercial use. Its investors, including Saban Capital Group, Madison Dearborn Partners and Providence Equity Partners, had long been seeking an exit and, before the coronavirus pandemic sent markets into a tailspin, considered an IPO. Wade is a United Nations Women Global Impact Champion, a Ms . 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. 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. 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. Wade Davis Net Worth His net worth has been growing significantly in 2021-2022. It's a place where Hispanics can go forinformation they can trust. This has been evident by the number of awards and nominations as well as honors they have received over the years. Some of these accolades include; Best Music or Dance Program Award and Best Entertainment Presenter Host with Salman Khan in Bigg Boss Season 11. How to Apply for a Job During the Coronavirus Pandemic, For WORTH Published on February 9, 2020 . This documentary-style series follows investigative journalists as they uncover the truth. He currently resides in Lake Wales, Florida, USA. What He Should Have Said. If Wade Davis, former Viacom In the last 14 years, insiders at Viacom Inc have sold an estimated value of $1.1B Directory List Lowercase 2.3 Big | PDF | Internet Forum . "Televisa's strategic insight and global content leadership, coupled with Searchlight's tremendous experience as a long-term media investor, will help us fully realize Univision's potential as the leading Hispanic content company in the United States. Why? Companies What is a proxy statement?A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. It operated approximately 170 networks and reached approximately 700 million subscribers in 160 countries and growing. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. The current estimated net worth of Viacom Inc's EVP, Wade Davis, is estimated to be about $1.65M . Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. Joe Uva is a giant in the media and advertising world. This information is according to proxy statements filed for the . Save my name, email, and website in this browser for the next time I comment. Find open jobs near you. I remember research about Univision that said, among U.S. Hispanics, Univision was the most trusted institution, except for the Catholic Church. You're absolutely right. 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. c/o Viacom Inc. 1515 Broadway. In . Streaming has been a mainstay of Davis' career. (Photo by Rodrigo Varela/WireImage). Former Viacom CFO Wade Davis' ForgeLight and Searchlight Capital have closed their acquisition of Univision, the two investment companies announced Tuesday. 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. By subscribing, I agree to the Terms of Use and Privacy Policy. Wade Davis was born in Lake Wales, Florida in September. Viacom promotes Wade Davis to CFO. Job, Small Viacom operated several cable television systems from its formation in 1995. 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. . Net Worth Net Worth 2020 $5 Million Salary 2020 $4.8 Million Before Fame He developed a great fastball in his early days, and in the minor leagues he added a slider and a change up. unless such ownership constitutes a significant portion of your net worth. Joe Uva is a giant in the media . 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. Viacom later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. Id say, put the pedal to the metal and keep doing what you're doing at a faster pace. Wade Davis's income source is mostly from being a successful Writer. Let CFO Dive's free newsletter keep you informed, straight from your inbox. The merger was completed in 2000, and in 2001 Viacom completed its purchase of Black Entertainment Television (BET). Whether were talking about Hispanics, African Americans, the LGBTQ communities, Asian Americanstheres a greater tolerance. (Podcast), Chief Executive Officer, Univision Communications Inc. Redstone later fired Freston in September 2006 and named Philippe Dauman as the head of Viacom. 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. In the 1970s and 1980s, Viacom was a distributor of CBS television series and also distributed syndicated television programs. 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. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. Find contact's direct phone number, email address, work history, and more. An indispensable guide to finance, investing and entrepreneurship. 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. 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. 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. . It was formed as a spin-off of the first Viacom on December 31, 2005. 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. Deadline is a part of Penske Media Corporation. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. 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. Hispanic millennials and Gen Z Hispanics are much more committed to action. We want to hear from you! This is a pivotal moment in Univisions rich history, he said in a statement. 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Univision announced plans to explore its options last summer. And by the way, I think if you conducted that same research today, Univision would be higher than the Catholic Church. Opinions expressed by Forbes Contributors are their own. Theyre extraordinarily creative and I think theyve found a voicefor themselves. Those are bubbling up to the forefront. Betweenintergenerational differences and specific skillsets, CFOs need to get a handle on how FP&A execs operate. 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. Between 2015 and 2018, he served as a board member of streaming device giant Roku. 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 . The sale, engineered by then-CEO Jerrold Perenchio in the middle of a bidding process that also included Televisa, was sudden and surprised Wall Street. Ratings suffered from shifts in the television landscape and competition from rival Telemundo. 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. CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? Catalog, Find a This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. However, National Amusement remained the controlling shareholder of the two companies after the split. However, CBS Corporation retained over-the-air broadcasting, television production, pay television subscription service and publishing assets. 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. 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. In this interview, Uva shares his advice for the new Univision leadership team, provides the same for Telemundo and discusses his prediction for how the market will evolve. February 25, 2020 9:03am. $992.22K on May 15, 2017. Mexican mass media company Televisa has retained its approximate 36% stake in Univision's fully diluted equity capital, Univision said. Univision has been privately owned since a $12.7 billion deal in 2007, The Hollywood Reporter wrote. "When you look at earning versus expectations we grew revenue, we . Find out what you should earn with a customized salary estimate and negotiate with confidence. Since then, Univisions owners have explored various exits on and off for years. Prior to joining Netflix, Wade consulted for Google, P&G,Viacom & Bacardi. $4.8 Million Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. (Podcast). The deal, first . Viacom was later renamed CBS Corporation, thus restoring its pre-merger name. In all seriousness, I think Wade has a unique opportunity. The. Wade Davis (born September 7, 1985) is famous for being baseball player. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. There were layoffs and turmoil in management ranks culminating with a shakeup that saw Vince Sadusky replace CEO Randy Falco. 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. Searchlight also owns a stake in Liberty Latin America, a company in the orbit of John Malones Liberty Media group. Wade Davis who bought, In the last 14 years, insiders at Viacom Inc have sold an estimated value of, Mailing address is Viacom Inc. 1515 Broadway New York NY 10036 NY. These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. Viacom Inc (VIAB) Q2 2019 Earnings Call wade davis Viacom. Locations, Most innovative compensation technology backed by the most experienced team in the industry, Better communicate your compensation decisions to your employees. $992.22K . Univision Names Four Independent Directors To Its Board With Takeover Nearly Complete, Nancy Cartwright Launches CRE84U Entertainment, Sets Projects With 'That '70s Show' Co-Creator Mark Brazill & Former Televisa Prez Jose Baston, 'Love Island' Season 2 Premiere Paces Monday Ratings; Univision Edges RNC Coverage On Broadcasters. Univision Communications Inc. completed the acquisition of Content and Media Assets of Grupo Televisa, S.A.B. Deadline is a part of Penske Media Corporation. What is Wade Davis's Net Worth? We want to hear from you! Wade Davis Net Worth (2021 Update) Wade Davis and Searchlight Capital Partners. Viacom Inc's most recent insider trade came on May 15, 2017 by Benefits The second Viacom comprised of Viacom media networks and paramount pictures. This is a pivotal moment in Univisions rich history, he said in a statement. Wade Davis Social Network Timeline 2015 Wade Davis's largest purchase order was 28,710 units , worth over The spin-off was structured in a way that CBS Corporation would be the legal successor to first Viacom whiles the second Viacom being a separate company. 2020. The most active traders at the company are View Wade Davis's business profile as Chief Executive Officer at TelevisaUnivision. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. 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. The company later announced plans of looking into splitting into two publicly traded companies. You will be redirected back to your article in, Twitter Down: Elon Musks Social Network Suffers Outages On Wednesday Morning, AMC CEO Adam Aron Defends New Sightline Ticket Pricing, Acknowledges Substantial Change To The Status Quo For U.S. Moviegoers, AMC Entertainment Q4 Sales Dip, Losses Widen; CEO Sees 2023 Recovery But Says Shareholders Must Approve Key Cash-Raising Measures, An AI Voice That Sounds Like Ari Emanuel Will Kick Off Endeavor Earnings Call As Company Posts Solid Q4, 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. $1 Million - $5 Million. Viacom Net Worth. Wade Davis's largest sale order was 12,755 units , worth over How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal, Stocks Pare Drop as Traders Assess Data, Fedspeak: Markets Wrap, Cash Is Paying More Than Traditional Stock-Bond Portfolio. Skills solution. That's a lot of trust. The two companies Viacom Inc. and CBS corporation succeeded the first Viacom, and they were both owned by National Amusements, which is a theater company controlled by businessman Summer Redstone. The service is Davis' top priority; he believes Hispanic audiences aren't being served by the current streaming landscape, Bloomberg reported. Davis, who spent 14 years as Viacom finance chief,replaces Vince Sadusky, who has been Univision's CEO since 2018. However, Viacom has stood the taste of time, and despite going through so many changes, it still remains the best media network for its subscribers. The industry has been grappling with the structural inequities and systemic failures that have existed in media. As of 2023, Wade Davis's net worth is $100,000 - $1M. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. This resulted in Viacom return to operating radio stations after it originally exited the broadcast radio business in 1997. Before that, he worked as president and CEO of Univision and held the same leadership roles at global media agency OMD Worldwide. It was later renamed CBS Enterprises in 1970 and later spun into its own company in 1971. ", "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. Signup for Breaking News Alerts & Newsletters. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. A planned initial public offering in 2015 was scratched. 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. The split was approved by Viacoms board on June 14, 2005, and took effect on January 1, 2006. Stay competitive with the world's most innovative compensation software Wade Davis usually trades in May, with the busiest year in 2019. All Rights Reserved. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Send us a tip using our annonymous form. The combined company was called ViacomCBS, with Bob Bakish as President and CEO and Shari Redson as the chairwoman of the new company. No, I'm just kidding! Salaries 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. Wade Davis's income source is mostly from being a successful . This reversed the Viacom/CBS merger in 1999. Univision has had a rocky road since going private in 2006. Dallas-Fort Worth Metroplex. 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 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. $200 per post at $10/CPM. Use of Data / DisclaimerThe information shown here is a reporting of information included in the company's proxy statement. Former Viacom CFO new CEO at Univision Published Jan. 4, 2021 Jane Thier Courtesy of Univision Dive Brief: Wade Davis, Former CFO of Viacom, has become CEO of Univision after his investment group, ForgeLight, closed on a majority stake purchase, the company announced December 29. Business. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Viacom has promoted Wade Davis to chief financial officer, replacing Jimmy Barge. They're going to be part of what I think is the overall evolution of equality. . 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 . Searchlight, with offices in New York, Toronto and London, has an investment in Hemisphere Media, a smaller, publicly-traded Spanish media group previously reported to be involved in the bidding for Univision. We are excited to be part of this new phase of Univision. Grow and expand for the well-being of the communityand also for marketers. - Wade Davis Net Worth Stats - When is Wade Davis's birthday? 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? Viacom later fully acquired Showtime/the movie channel in 1985 from Warner-Amex. While at Viacom, Davis oversaw the acquisition of free streaming service Pluto TV. 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. Malones Liberty Global had also considered joining the bidding. On August 13, 2019, the second merger between Viacom and CBS was announced, which created a combined company, ViacomCBS. 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. Univision has advantages in the news, but Telemundo is winning in digital. The deal was completed on December 4, 2019. We have estimated Wade Davis's net worth , money, salary, income, and assets. Wade Davis. Viacom became a mass media company rather than simply a distribution company. There are 100+ professionals named "Wade Davis", who use LinkedIn to exchange information, ideas, and opportunities. Later in 1987, Viacom bought MTV networks, which owned MTV and Nickelodeon. The value finance leaders bring to operations is varied but they share a forward-looking vision. The company comprised of MTV Networks, BET Networks, Paramount Pictures, and Paramount Pictures Home Entertainment. He served as chairman of NBCU Hispanic Enterprises and Content, which includes television network Telemundo. Two years later, Viacom purchased a sanderling broadcasting chain, giving the company radio stations in; New York City, Washington, D.C, Houston, and San Francisco. Why? WD. 2023 Deadline Hollywood, LLC. Insider trading is most common in May, with the busiest year in 2005. The $13.7 billion deal included the assumption of the companys $1.4 billion in debt. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. The company has generated its revenue through fees from the distribution of programming and program services. Southwest Airlines, +4 more Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. But more important than the breadth and scope of work, is what Univision has represented to the US Hispanic community. Before joining Netflix, Wade consulted for Google, P&G, Viacom & Bacardi. 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. I write about media, entertainment and diversity. He is from Canada. Then research and compare average salaries by company, job title, and location. . These services include; cable television operators, direct to home satellite television operators, mobile networks . Bloomberg Markets Americas. In 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain. We have estimated Wade Davis's net worth , money, salary, income, and assets. In addition, a spin-off company was created named Viacom, which was headed by Freston. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. 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. Charles E. Phillips, Jr., Director, This interview has been edited for brevity and clarity. Get our latest storiesin the feed of your favorite networks. Viacom was also up for four nominations following its national wins. I think Telemundo has done a remarkable job in terms of diversity of content and appealing to a younger Latinx Gen Z audience. Viacoms first broadcast-station acquisition was in 1978 when the company bought WHNB-TV in new Britain, Connecticut changing its call letters to WVIT. I don't think it happens overnight. CBS and Viacom officially announced their re-merger deal on August 13, 2019. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 2023 Deadline Hollywood, LLC. In an interview with Deadline when the deal was announced, UPDATE 1-Hedge fund Bridgewater plans restructuring amid AI push, global expansion, UPDATE 1-Tesla plans 6,000 jobs in Mexico and eyeing more investment, government says, Activision fired staff for using 'strong language' about remote work policy - union, Analysis-Watch out risk assets, the rout in bonds is coming your way, Meta cant keep people interested in its headsets: Report. VIAB You, For Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. Wade is a new board member of the Ms. Foundation for Women, as well as a United Nations Women Global Impact . The company has generated its revenue through fees from the distribution of programming and program services. 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 Wade Davis owns about 42,424 units of Viacom Inc common stock. This article is more than 2 years old. Also. "It's a huge opportunity that is completely open from a competitive standpoint.". National amusement theatre owner Summer Redstone bought controlling interests in 1986 hence becoming part of the company. 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. 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 . Hes a former NYU and Rutgers adjunct professor, 2012 President Obama surrogate, and feminist. Univision Communications Inc. plans to launch a streaming service this year. 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. They share a forward-looking vision saw Vince Sadusky, who has been Univision 's diluted... 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