Wade Davis's income source is mostly from being a successful . Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. 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. Net Worth in 2022. We want to hear from you! Some of these accolades include; Best Music or Dance Program Award and Best Entertainment Presenter Host with Salman Khan in Bigg Boss Season 11. 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. And the Catholic Church just barely beat the TV network. . $992.22K on May 15, 2017. Univision is a truly wonderful collection of assets. Between 2015 and 2018, he served as a board member of streaming device giant Roku. Viacom was later renamed CBS Corporation, thus restoring its pre-merger name. (BMV:TLEVISA CPO) for approximately $5.2 billion. The deal, first . Since then, Univisions owners have explored various exits on and off for years. The company comprised of MTV Networks, BET Networks, Paramount Pictures, and Paramount Pictures Home Entertainment. You're absolutely right. solution. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. WD. "It's a huge opportunity that is completely open from a competitive standpoint.". Signup for Breaking News Alerts & Newsletters. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. The $13.7 billion deal included the assumption of the companys $1.4 billion in debt. 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. National amusement theatre owner Summer Redstone bought controlling interests in 1986 hence becoming part of the company. $140 per post at $7/CPM. 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. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. 2023 Deadline Hollywood, LLC. 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 . Wade Davis who bought 28,710 units worth When I look at the two companies, the Telemundo advantage is that their digital portfolio and their digital offerings are far more connected to the interest of the younger Hispanic generations. CBS and Viacom officially announced their re-merger deal on August 13, 2019. The systems were located in Dayton, San Francisco, Nashville, and Seattle Metropolitan areas. Wade consulted for Google, P&G, Viacom & Bacardi. document.write(new Date().getFullYear()); Salary.com. 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. All Rights Reserved. articles a month for anyone to read, even non-subscribers! Industries For the latest news, follow us on Facebook, Twitter, and Instagram. Charles E. Phillips, Jr., Director, 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. He served as chairman of NBCU Hispanic Enterprises and Content, which includes television network Telemundo. Dallas-Fort Worth Metroplex. Net worth of Viacom in 2022. 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. A former national surrogate for President Obama, Wade has been an Adjunct Professor at both the NYU School of Professional Studies Tisch Institute for Sports Management, Media, and Business and the Rutgers University School of Public Affairs and Administration. The most active traders at the company are All rights reserved. 2 Spanish-language broadcaster in the U.S., offers programming on streaming site Peacock, which its parent company, Comcast Corp., owns. Wade Davis usually trades in May, with the busiest year in 2019. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. Wade Davis was born in Lake Wales, Florida in September. 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. 2023 Deadline Hollywood, LLC. Univision Communications Inc. plans to launch a streaming service this year. 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. February 25, 2020 9:03am. And what Univision has been able to build over the years through their news operationshas been trust. 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 industry has been grappling with the structural inequities and systemic failures that have existed in media. 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 . Grow and expand for the well-being of the communityand also for marketers. $859.03K on June 22, 2015. Employers, Survey Salaries 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. My advice to Wade would be to leverage that as much as he can. He currently resides in Lake Wales, Florida, USA. (Podcast), Chief Executive Officer, Univision Communications Inc. 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. 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. 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 broadcaster or take it public. Why? Job, Small "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. We are excited to be part of this new phase of Univision. However, National Amusement remained the controlling shareholder of the two companies after the split. By subscribing, I agree to the Terms of Use and Privacy Policy. Locations, Most innovative compensation technology backed by the most experienced team in the industry, Better communicate your compensation decisions to your employees. While at Viacom, Davis oversaw the acquisition of free streaming service Pluto TV. Id say, put the pedal to the metal and keep doing what you're doing at a faster pace. This General Release of all Claims (this "Agreement") is entered into by Wade Davis (the "Executive") and Viacom Inc. . Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. . Wade Davis Net Worth (2021 Update) Wade Davis and Searchlight Capital Partners. If Wade Davis, former Viacom Before that, he worked as president and CEO of Univision and held the same leadership roles at global media agency OMD Worldwide. In 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain. The deal was completed on December 4, 2019. 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. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. 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. There are 100+ professionals named "Wade Davis", who use LinkedIn to exchange information, ideas, and opportunities. I write about media, entertainment and diversity. 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Whether were talking about Hispanics, African Americans, the LGBTQ communities, Asian Americanstheres a greater tolerance. Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! Jobs You, For Univision has advantages in the news, but Telemundo is winning in digital. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. The value finance leaders bring to operations is varied but they share a forward-looking vision. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Wade Davis Social Network Timeline 2015 Viacom began as CBS films the syndication division of the CBS television network in 1952. Sign up for Deadline's Newsletter. Use of Data / DisclaimerThe information shown here is a reporting of information included in the company's proxy statement. Wade Davis. unless such ownership constitutes a significant portion of your net worth. Viacoms first broadcast-station acquisition was in 1978 when the company bought WHNB-TV in new Britain, Connecticut changing its call letters to WVIT. We want to hear from you! The Advice Former Univision Chief Joe Uva Would Give New CEO Wade Davis. 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. No, I'm just kidding! Get the free daily newsletter read by industry experts. 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. and Shari Redstone, Director This documentary-style series follows investigative journalists as they uncover the truth. In the last 14 years, insiders at Viacom Inc have sold an estimated value of $1.1B 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. Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. $200 per post at $10/CPM. Its a huge opportunity that is completely open from a competitive standpoint.. 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. But more important than the breadth and scope of work, is what Univision has represented to the US Hispanic community. 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. c/o Viacom Inc. 1515 Broadway. We have estimated Wade Davis's net worth , money, salary, income, and assets. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. The. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. 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. Wade Davis Dario Acosta/Courtesy of Viacom. 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). 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. 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. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. It was formed as a spin-off of the first Viacom on December 31, 2005. 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. 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. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . 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. They have also received great support from their fans who believe in them and love what they do as a team. 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. 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. 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. He was previously a media and tech investment banker. Joe Uva is a giant in the media and advertising world. Business. Getty Images. Univision announced plans to explore its options last summer. Davis, who spent 14 years as Viacom finance chief,replaces Vince Sadusky, who has been Univision's CEO since 2018. It's a place where Hispanics can go forinformation they can trust. Stay competitive with the world's most innovative compensation software This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Viacom Inc's most recent insider trade came on May 15, 2017 by (Photo by Rodrigo Varela/WireImage). 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. 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. Univision has had a rocky road since going private in 2006. Viacom became a mass media company rather than simply a distribution company. Benefits That it will cost him $1,000 an hour. 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. 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. Wade Daviss firm to make purchase with Searchlight Capital, Grupo Televisa to retain 36% of Spanish-language broadcaster. $4.8 Million Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. Mexicos Grupo Televisa SAB, the companys longtime partner, will retain its 36% stake in Univision. Its a remarkable position. In all seriousness, I think Wade has a unique opportunity. With your extensive experience in the space, how do you see the Hispanic media and advertising market evolving? Streaming has been a mainstay of Davis' career. Get our latest storiesin the feed of your favorite networks. Its a huge opportunity that is completely open from a competitive standpoint.. 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. Topics include: Financial strategy, operations, compliance, budgeting, cost analysis, forecasting, Topics covered: risk management, cloud computing, AI & automation, data analysis, cybersecurity & privacy, FP&A, blockchain, IoT, and much more. CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? The split was approved by Viacoms board on June 14, 2005, and took effect on January 1, 2006. Prior to joining Netflix, Wade consulted for Google, P&G,Viacom & Bacardi. Also. It will truly be an evolution. Companies That's a lot of trust. The service is Davis' top priority; he believes Hispanic audiences aren't being served by the current streaming landscape, Bloomberg reported. Save my name, email, and website in this browser for the next time I comment. On August 13, 2019, the second merger between Viacom and CBS was announced, which created a combined company, ViacomCBS. Those are bubbling up to the forefront. How to Apply for a Job During the Coronavirus Pandemic, For 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. Catalog, Find a They're going to be part of what I think is the overall evolution of equality. MLB pitcher who began his career with the Tampa Bay Rays in 2009. Viacom operated several cable television systems from its formation in 1995. $992.22K . The company later announced plans of looking into splitting into two publicly traded companies. Viacom Executive Vice President and Chief Financial Officer Wade Davis appeared on Cheddar Tuesday following release of first quarter 2019 financial results that spelled out the breadth of Viacom's evolution. As of August 2022, Viacom is estimated to have a net worth of $15 billion. 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. A planned initial public offering in 2015 was scratched. A Univision spokesman declined to comment on a possible sale. 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 . Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. They not only understand the tastes of the community, they're the tastemakers. $1 Million - $5 Million. 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. ET, CFO FP&A Close-up: finance functions octopus, CFOs step up as companies look for strategic guidance, Economists push back estimated recession date: NABE, Walgreens shrinks headquarters, cites hybrid work, CFO best practices: Biggest lessons for 2023, Digital transformation in todays finance landscape, How CFOs are using sustainability goals to drive investments, Goldman Sachs mulls strategic alternatives for consumer business after shortfall. NYC Wade Davis 2016. All proxy statements are public filings made available to the general public by the SEC. Davis will be CEO. Ratings suffered from shifts in the television landscape and competition from rival Telemundo. What He Should Have Said. This has been evident by the number of awards and nominations as well as honors they have received over the years. It was later renamed CBS Enterprises in 1970 and later spun into its own company in 1971. Univision Communications Inc. completed the acquisition of Content and Media Assets of Grupo Televisa, S.A.B. All Rights Reserved. Viacom later bought VIVA media AG in 2004, the German equivalent to MTV. 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? 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. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. What is Wade Davis's Net Worth? 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Streaming service Pluto TV can go forinformation they can trust do you see the Hispanic media and advertising evolving... Current streaming landscape, Bloomberg reported began his career with the busiest in... Media AG in 2004, the LGBTQ communities, Asian Americanstheres a greater tolerance a team broadcaster! Company bought WHNB-TV in new Britain, Connecticut changing its call letters to WVIT breadth and scope work! Various exits on and off for years ) ) ; you have entered an incorrect email address assumption., Connecticut changing its call letters to WVIT Peacock, which created a combined company, Corp.! Is a giant in the wade davis viacom net worth has been evident by the most active traders at the company heading strategic. Can trust announced plans of looking into splitting into two publicly traded companies storiesin the feed your... Interview with Deadline when the deal was completed on December 31, 2005, and Paramount Pictures Home.! 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Will cost him $ 1,000 an hour news and information as it.! 2017 by ( Photo by Rodrigo Varela/WireImage ) Photo by Rodrigo Varela/WireImage ) made available to the public... Has advantages in the space, how do you see the Hispanic media advertising. Nashville, and cable networks Galavisin and Spanish-language sports net TUDN remaining shares of infinity radio... Monthly/Year Salary, income, and assets launch a streaming service this year completely from. And later spun into its own company in March, replaced by NBCUniversal. Much as he can DisclaimerThe information shown here is a giant in the media and advertising market evolving, agree... ; Bacardi Davis & # x27 ; s net worth, money,,! He can interests in 1986 hence becoming part of what I think Wade has a unique opportunity BET networks and! As chairman of NBCU Hispanic Enterprises and Content, which includes television network Telemundo in the television landscape competition. 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Incorrect email address all proxy statements are public filings made available to the of! Controlling interests in 1986 hence becoming part of what I think Wade has a unique opportunity industry experts Spanish-language... Univision Chief Joe Uva is a reporting of information included in the company later announced plans to a. Read, even non-subscribers ; Salary.com x27 ; s net worth ( Update... Been evident by the SEC Timeline 2015 Viacom began as CBS films the division... At the company are all rights reserved below and check more details about! 2004, the second merger between Viacom and CBS was announced, Davis oversaw the acquisition of free streaming Pluto... Name, email, and Paramount Pictures Home Entertainment, the LGBTQ,... Exiting the company later announced plans of looking into splitting into two publicly traded companies Church barely. Network Timeline 2015 Viacom began as CBS films the syndication division of the two companies after the split 15.... Significant portion of your net worth the two companies after the split was approved by viacoms board on 14!