This documentary-style series follows investigative journalists as they uncover the truth. (BMV:TLEVISA CPO) for approximately $5.2 billion. While at Viacom, Davis oversaw the acquisition of free streaming service Pluto TV. But more important than the breadth and scope of work, is what Univision has represented to the US Hispanic community. 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. This is a pivotal moment in Univisions rich history, he said in a statement. He served as chairman of NBCU Hispanic Enterprises and Content, which includes television network Telemundo. You may also find the annual proxy statement by going directly to the company's website. Bloomberg Markets Americas. So, how much is Wade Davis worth at the age of 69 years old? Hes a former NYU and Rutgers adjunct professor, 2012 President Obama surrogate, and feminist. A planned initial public offering in 2015 was scratched. 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Between 2015 and 2018, he served as a board member of streaming device giant Roku. In February, to Bloomberg News, Davis described the market for a Spanish-language streaming service as "wide open. The company comprised of MTV Networks, BET Networks, Paramount Pictures, and Paramount Pictures Home Entertainment. MLB pitcher who began his career with the Tampa Bay Rays in 2009. However, the companies were to trade under the ownership of national amusements due to stagnating stock price. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. The systems were located in Dayton, San Francisco, Nashville, and Seattle Metropolitan areas. Before joining Netflix, Wade consulted for Google, P&G, Viacom & Bacardi. What He Should Have Said. Wade Davis Social Network Timeline 2015 The value finance leaders bring to operations is varied but they share a forward-looking vision. How to Apply for a Job During the Coronavirus Pandemic, For Its a remarkable position. Let CFO Dive's free newsletter keep you informed, straight from your inbox. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. In all seriousness, I think Wade has a unique opportunity. Also. 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. 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. It will truly be an evolution. Microsoft Construction Workers Fired for Protesting Wage Theft, Complaint Claims, How Senior Finance Leaders Can Harness The Human Side Of Digital Transformation, Accelerate Your Path to Agile FP&A with Continuous Financial Planning, Finance Transformation: How to Adopt an Agile Approach and Get Management Buy-in, Zoom predicts growth while watching macro headwinds, Strong relationships can aid CFOs in building C-suite cohesion. 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. 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. 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. 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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. (Photo by Rodrigo Varela/WireImage). 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. . On August 13, 2019, the second merger between Viacom and CBS was announced, which created a combined company, ViacomCBS. 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. Locations, Most innovative compensation technology backed by the most experienced team in the industry, Better communicate your compensation decisions to your employees. The deal was completed on December 4, 2019. 2023 Deadline Hollywood, LLC. 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. Wade Davis was born in Lake Wales, Florida in September. However, National Amusement remained the controlling shareholder of the two companies after the split. Benefits Viacom has promoted Wade Davis to chief financial officer, replacing Jimmy Barge. Hispanic millennials and Gen Z Hispanics are much more committed to action. 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? This resulted in Viacom return to operating radio stations after it originally exited the broadcast radio business in 1997. 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. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. "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. Viacom Inc. (Video & Audio Communications) was an American multinational mass media conglomerate with interests primarily in film and television. 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. All Rights Reserved. Wade Davis. Wade Davis's income source is mostly from being a successful Writer. Viacom was later renamed CBS Corporation, thus restoring its pre-merger name. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Its a huge opportunity that is completely open from a competitive standpoint.. By subscribing, I agree to the Terms of Use and Privacy Policy. 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 remember research about Univision that said, among U.S. Hispanics, Univision was the most trusted institution, except for the Catholic Church. This article is more than 2 years old. All rights reserved. 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. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. 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. Directory List Lowercase 2.3 Big | PDF | Internet Forum . 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. CBS and Viacom officially announced their re-merger deal on August 13, 2019. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. Send us a tip using our annonymous form. 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. 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. With your extensive experience in the space, how do you see the Hispanic media and advertising market evolving? 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, 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. National amusement theatre owner Summer Redstone bought controlling interests in 1986 hence becoming part of the company. Companies Catalog, Find a Some of these accolades include; Best Music or Dance Program Award and Best Entertainment Presenter Host with Salman Khan in Bigg Boss Season 11. 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. Wade is a United Nations Women Global Impact Champion, a Ms . Warren Buffetts Letter Ducked Some Big Issues. . 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 split was approved by Viacoms board on June 14, 2005, and took effect on January 1, 2006. Mexicos Grupo Televisa SAB, the companys longtime partner, will retain its 36% stake in Univision. NYC Wade Davis 2016. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. 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. In 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain. Grow and expand for the well-being of the communityand also for marketers. We have estimated Wade Davis's net worth , money, salary, income, and assets. 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 . The most active traders at the company are The company has generated its revenue through fees from the distribution of programming and program services. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Get the free daily newsletter read by industry experts. This is the reason why, as a company, they are able to team up together every time. Betweenintergenerational differences and specific skillsets, CFOs need to get a handle on how FP&A execs operate. Then research and compare average salaries by company, job title, and location. Malones Liberty Global had also considered joining the bidding. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. There are 100+ professionals named "Wade Davis", who use LinkedIn to exchange information, ideas, and opportunities. Its really remarkable when you look at the competitive landscape that there is no high-quality, differentiated OTT service for this audience that is at scale. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. 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. Theyre extraordinarily creative and I think theyve found a voicefor themselves. He currently resides in Lake Wales, Florida, USA. 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. These services include; cable television operators, direct to home satellite television operators, mobile networks, and subscription-based video on demand. 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. Whether were talking about Hispanics, African Americans, the LGBTQ communities, Asian Americanstheres a greater tolerance. Its really remarkable when you look at the competitive landscape that there is no high-quality, differentiated OTT service for this audience that is at scale. However, CBS Corporation retained over-the-air broadcasting, television production, pay television subscription service and publishing assets. Wade is a new board member of the Ms. Foundation for Women, as well as a United Nations Women Global Impact . 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. An indispensable guide to finance, investing and entrepreneurship. The second Viacom comprised of Viacom media networks and paramount pictures. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. 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. Wade Davis Net Worth (2021 Update) Wade Davis and Searchlight Capital Partners. Ratings suffered from shifts in the television landscape and competition from rival Telemundo. $1 Million - $5 Million. They have also received great support from their fans who believe in them and love what they do as a team. 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. As of March 2023, Viacom is estimated to have a net worth of $15 billion. Mexican mass media company Televisa has retained its approximate 36% stake in Univision's fully diluted equity capital, Univision said. Althoughthe company has suffered several challenges, it has maintained its focus and delivered its services all the time. I write about media, entertainment and diversity. 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. This interview has been edited for brevity and clarity. 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. Find contact's direct phone number, email address, work history, and more. 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. . Many companies rise up, become famous, and after some time, they collapse. Univision is a truly wonderful collection of assets. 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. I don't think it happens overnight. We are excited to be part of this new phase of Univision. In the last 14 years, insiders at Viacom Inc have sold an estimated value of $1.1B He won the AL Pennant with the Royals in 2014 and the World Series with the team in 2015. 2023 Deadline Hollywood, LLC. and Shari Redstone, Director Streaming has been a mainstay of Davis' career. All proxy statements are public filings made available to the general public by the SEC. Opinions expressed by Forbes Contributors are their own. Wade Davis owns about 42,424 units of Viacom Inc common stock. $200 per post at $10/CPM. Viacom Net Worth. Joe Uva is a giant in the media and advertising world. Viacom Inc's most recent insider trade came on May 15, 2017 by 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. solution. 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. Wade Davis's income source is mostly from being a successful . Salaries $859.03K on June 22, 2015. As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. The company later announced plans of looking into splitting into two publicly traded companies. There were layoffs and turmoil in management ranks culminating with a shakeup that saw Vince Sadusky replace CEO Randy Falco. Wade Davis Net Worth His net worth has been growing significantly in 2021-2022. This General Release of all Claims (this "Agreement") is entered into by Wade Davis (the "Executive") and Viacom Inc. . 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.. Univision has been privately owned since a $12.7 billion deal in 2007, The Hollywood Reporter wrote. $992.22K . 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. Viacom Inc (VIAB) Q2 2019 Earnings Call wade davis Viacom. New York, NY 10036. . Sign up for Deadline's Newsletter. $140 per post at $7/CPM. 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. Joe Uva is a giant in the media . 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. Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. 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 . This information is according to proxy statements filed for the . Viacom operated several cable television systems from its formation in 1995. They're going to be part of what I think is the overall evolution of equality. 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? Univision Communications Inc. completed the acquisition of Content and Media Assets of Grupo Televisa, S.A.B. and bought an estimated value of $107.56M worth of shares. In 1983, Viacom acquired again its premium channel Showtime which later merged with the warner-AMEX movie channel. He is from United States. (Podcast). 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's a place where Hispanics can go forinformation they can trust. While at Viacom Inc ( VIAB ) Q2 2019 Earnings Call wade,. This resulted in Viacom return to operating radio stations after it originally exited the broadcast radio business in 1997 CPO... 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