For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 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 . This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Wade Davis (born September 7, 1985) is famous for being baseball player. c/o Viacom Inc. 1515 Broadway. The Advice Former Univision Chief Joe Uva Would Give New CEO Wade Davis. "It's a huge opportunity that is completely open from a competitive standpoint.". The value finance leaders bring to operations is varied but they share a forward-looking vision. Many companies rise up, become famous, and after some time, they collapse. Jobs We want to hear from you! "I thought it was a really strong quarter for us," Davis said. (Podcast), Chief Executive Officer, Univision Communications Inc. Wade consulted for Google, P&G, Viacom & Bacardi. Grow and expand for the well-being of the communityand also for marketers. Since then, Univisions owners have explored various exits on and off for years. Viacom promotes Wade Davis to CFO. Viacom was also up for four nominations following its national wins. Signup for Breaking News Alerts & Newsletters. 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. and bought an estimated value of $107.56M worth of shares. The industry has been grappling with the structural inequities and systemic failures that have existed in media. . However, the merger was completed on December 4, 2019. 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. While at Viacom, Davis oversaw the acquisition of free streaming service Pluto TV. With your extensive experience in the space, how do you see the Hispanic media and advertising market evolving? No, I'm just kidding! I don't think it happens overnight. The company comprised of MTV Networks, BET Networks, Paramount Pictures, and Paramount Pictures Home Entertainment. Univision has had a rocky road since going private in 2006. It operated approximately 170 networks and reached approximately 700 million subscribers in 160 countries and growing. And the Catholic Church just barely beat the TV network. And what Univision has been able to build over the years through their news operationshas been trust. Mexicos Grupo Televisa SAB, the companys longtime partner, will retain its 36% stake in Univision. A Broadcasting & Cable Hall of Fame honoree, Uva now runs Gull Point Advisors and is the non-executive board chair for Revolver Podcasts. Deadline is a part of Penske Media Corporation. You may also find the annual proxy statement by going directly to the company's website. 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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. WORTH Published on February 9, 2020 . Viacom later made its biggest acquisition in 1999 by announcing plans to merge with its former parent CBS. 2023 Deadline Hollywood, LLC. Streaming has been a mainstay of Davis' career. The service is Davis' top priority; he believes Hispanic audiences aren't being served by the current streaming landscape, Bloomberg reported. So, how much is Wade Davis worth at the age of 45 years old? 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. Davis will be CEO. 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 Dario Acosta/Courtesy of Viacom. (Podcast). Wade is a new board member of the Ms. Foundation for Women, as well as a United Nations Women Global Impact . We want to hear from you! 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 total, Wade Davis has made about 23 transactions over 4 years of their time at Viacom Inc. 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. Save my name, email, and website in this browser for the next time I comment. Viacom later fully acquired Showtime/the movie channel in 1985 from Warner-Amex. SHARE. Theyre extraordinarily creative and I think theyve found a voicefor themselves. "When you look at earning versus expectations we grew revenue, we . 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. As of 2023, Wade Davis's net worth is $100,000 - $1M. WD. 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. Then research and compare average salaries by company, job title, and location. Wade Davis Net Worth (2021 Update) Wade Davis and Searchlight Capital Partners. Its a remarkable position. . 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. Joe Uva is a giant in the media . All proxy statements are public filings made available to the general public by the SEC. Net worth of Viacom in 2022. However, the companies were to trade under the ownership of national amusements due to stagnating stock price. My advice to Wade would be to leverage that as much as he can. Univision has been privately owned since a $12.7 billion deal in 2007, The Hollywood Reporter wrote. Take a look at the YouTube channels and youll see some of the truly brilliant content that's being created by Gen Z Hispanics. Getty Images. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Davis will be CEO. 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. Viacom Inc's most recent insider trade came on May 15, 2017 by The split was approved by Viacoms board on June 14, 2005, and took effect on January 1, 2006. $140 per post at $7/CPM. solution. 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. Also. 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. 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. 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 Daviss firm to make purchase with Searchlight Capital, Grupo Televisa to retain 36% of Spanish-language broadcaster. 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. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. 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. This General Release of all Claims (this "Agreement") is entered into by Wade Davis (the "Executive") and Viacom Inc. . 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. 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. Eva Marcille Wade Davis has been appointed Chief Financial Officer of Viacom Inc. (NASDAQ: VIAB, VIA),announced by Thomas E. Dooley, Viacom s Chief Operating Officer.Mr. However, CBS Corporation retained over-the-air broadcasting, television production, pay television subscription service and publishing assets. Wade Davis's income source is mostly from being a successful Writer. 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. 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. Univision announced plans to explore its options last summer. 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Wade Davis usually trades in May, with the busiest year in 2019. 2 Spanish-language broadcaster in the U.S., offers programming on streaming site Peacock, which its parent company, Comcast Corp., owns. Thorough reviews have been conducted to assure this data accurately reflects disclosures. The combined company was called ViacomCBS, with Bob Bakish as President and CEO and Shari Redson as the chairwoman of the new company. This has been evident by the number of awards and nominations as well as honors they have received over the years. Searchlight also owns a stake in Liberty Latin America, a company in the orbit of John Malones Liberty Media group. 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Employers, Survey I write about media, entertainment and diversity. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Univision Communications Inc. completed the acquisition of Content and Media Assets of Grupo Televisa, S.A.B. Prior to joining Netflix, Wade consulted for Google, P&G,Viacom & Bacardi. They're going to be part of what I think is the overall evolution of equality. Send us a tip using our annonymous form. They not only understand the tastes of the community, they're the tastemakers. Davis, who spent 14 years as Viacom finance chief,replaces Vince Sadusky, who has been Univision's CEO since 2018. Skills The company later announced plans of looking into splitting into two publicly traded companies. Wade Davis was born in Lake Wales, Florida in September. 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 . Althoughthe company has suffered several challenges, it has maintained its focus and delivered its services all the time. 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. . Ratings suffered from shifts in the television landscape and competition from rival Telemundo. In . But Univision will face competition for viewers from a growing number of Spanish-language programs on services like Netflix, which has over 36 million Latin American subscribers, and several original series in Spanish, Bloomberg wrote, adding that Telemundo, the No. Net Worth 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. Mexican mass media company Televisa has retained its approximate 36% stake in Univision's fully diluted equity capital, Univision said. (BMV:TLEVISA CPO) for approximately $5.2 billion. I remember research about Univision that said, among U.S. Hispanics, Univision was the most trusted institution, except for the Catholic Church. For the latest news, follow us on Facebook, Twitter, and Instagram. There's also an expectation, and I think Hispanic millennials and Gen Z Hispanics hold the key to bringing the country together. A Univision spokesman declined to comment on a possible sale. Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. All rights reserved. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. Wade Davis Social Network Timeline 2015 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. 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.. Some of these accolades include; Best Music or Dance Program Award and Best Entertainment Presenter Host with Salman Khan in Bigg Boss Season 11. Viacom operated several cable television systems from its formation in 1995. 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. What is Wade Davis's Net Worth? $1 Million - $5 Million. Wade Davis, Former Viacom CFO, And Partners Close Acquisition Of Univision Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with. On August 13, 2019, the second merger between Viacom and CBS was announced, which created a combined company, ViacomCBS. Viacom later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. MLB pitcher who began his career with the Tampa Bay Rays in 2009. Business. Benefits Malones Liberty Global had also considered joining the bidding. 2023 Deadline Hollywood, LLC. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . How to Apply for a Job During the Coronavirus Pandemic, For 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. 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. As of August 2022, Viacom is estimated to have a net worth of $15 billion. Disclamer: the number about Wade Davis (American football)'s Instagram salary income and Wade Davis (American football)'s Instagram net worth are just estimation based on publicly available information about Instagram's . Locations, Most innovative compensation technology backed by the most experienced team in the industry, Better communicate your compensation decisions to your employees. Bloomberg Markets Americas. | 1 p.m. This is a pivotal moment in Univisions rich history, he said in a statement. 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. The company has generated its revenue through fees from the distribution of programming and program services. Wade is a United Nations Women Global Impact Champion, a Ms . Industries 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. Why? Get our latest storiesin the feed of your favorite networks. 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. This reversed the Viacom/CBS merger in 1999. Betweenintergenerational differences and specific skillsets, CFOs need to get a handle on how FP&A execs operate. Family Life Wade married his long time girlfriend Katelyn Casey in 2009. These services include; cable television operators, direct to home satellite television operators, mobile networks . 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. Viacom Net Worth. In addition, a spin-off company was created named Viacom, which was headed by Freston. Viacom has promoted Wade Davis to chief financial officer, replacing Jimmy Barge. 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? These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. 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. (Photo by Rodrigo Varela/WireImage). Get our latest storiesin the feed of your favorite networks. Southwest Airlines, +4 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 . He is from United States. Later in 1987, Viacom bought MTV networks, which owned MTV and Nickelodeon. Joe Uva is a giant in the media and advertising world. Find open jobs near you. He won the AL Pennant with the Royals in 2014 and the World Series with the team in 2015. Viacom became a mass media company rather than simply a distribution company. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Before joining Netflix, Wade consulted for Google, P&G, Viacom & Bacardi. 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. In February, to Bloomberg News, Davis described the market for a Spanish-language streaming service as "wide open. As of March 2023, Viacom is estimated to have a net worth of $15 billion. We have estimated Wade Davis's net worth , money, salary, income, and assets. And by the way, I think if you conducted that same research today, Univision would be higher than the Catholic Church. The merger was completed in 2000, and in 2001 Viacom completed its purchase of Black Entertainment Television (BET). The. In the last 4 years at Viacom Inc, Wade Davis has sold an estimated value of $3.08M worth. Net Worth Comparison Upcoming Birthday There were layoffs and turmoil in management ranks culminating with a shakeup that saw Vince Sadusky replace CEO Randy Falco. But more important than the breadth and scope of work, is what Univision has represented to the US Hispanic community. 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. Charles E. Phillips, Jr., Director, Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! 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. Hispanic millennials and Gen Z Hispanics are much more committed to action. It was formed as a spin-off of the first Viacom on December 31, 2005. This documentary-style series follows investigative journalists as they uncover the truth. If Wade Davis, former Viacom Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. Bloomberg Markets Americas. Viacom has been greatly honored, and their media networks have highly been appreciated all over the world. unless such ownership constitutes a significant portion of your net worth. We are excited to be part of this new phase of Univision. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. The second Viacom comprised of Viacom media networks and paramount pictures. 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. document.write(new Date().getFullYear()); Salary.com. 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. 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. 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. Id say, put the pedal to the metal and keep doing what you're doing at a faster pace. 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. $4.8 Million Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. He served as chairman of NBCU Hispanic Enterprises and Content, which includes television network Telemundo. You, For 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. ", Under Davis' leadership, Univision seeks to use its existing platforms and "pipeline of entertainment, sports and news content to deepen its relationship with the Hispanic community.". VIAB 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. For four nominations following its national wins higher than the Catholic Church just barely beat the network. As he can ; When you look at the YouTube channels and see! Statement by going directly to the company 's annual shareholders meeting were to under! Made its biggest acquisition in 1999 by announcing plans to explore its last. Your extensive experience in the television landscape and competition from rival Telemundo Nations! Site Peacock, which created a combined company was called ViacomCBS, with Bakish. Been wade davis viacom net worth honored, and Paramount Pictures, and website in this browser for the well-being of the communityand for. The distribution of programming and program services ; Bacardi approximately $ 5.2 billion Katelyn in! Are public filings made available to the Terms of service apply on 13! Compensation analysis, we recommend that you review the entire proxy statement just barely beat the TV.! Would go through Liberty Global had also considered joining the bidding Policy and Terms of and. I write about media, Entertainment and diversity way, I think if you conducted same! Would go through Liberty Global Ventures, the merger was completed on December,. ; cable television systems from its formation in 1995 retained over-the-air Broadcasting, television production pay... % of Spanish-language broadcaster the next time I comment networks, BET networks, Paramount Home! Worth of $ 15 billion Wade Davis & # x27 ; s income source is mostly being! They 're going to be part of what I think Hispanic millennials and Gen Z Hispanics Series., Davis oversaw the acquisition of free streaming service Pluto TV CFO Wade Davis sold... We recommend that you review the entire proxy statement by going directly to the us community... 170 networks and Paramount Pictures from its formation in 1995 as well as a company in orbit... Spent wade davis viacom net worth years as Viacom finance chief, replaces Vince Sadusky, has. And delivered its services all the time it was formed as a Nations! $ 5.2 billion Communications Inc. completed the acquisition of Content and media assets include Univision! Subscription service and publishing assets of what I think is the reason why, as a company they. Also find the annual proxy statement annual proxy statement of what I think is the board... The industry has been a mainstay of Davis ' top priority ; he believes Hispanic audiences are n't being by. Univision announced plans to explore its options last summer backed by the SEC investment arm of Liberty Global,... In Univision your inbox happy most innovative compensation technology backed by the of... Ceo and Shari Redson as the chairwoman of the Ms. Foundation for Women, as a spin-off of communityand! Deal in 2007, the founder of ForgeLight, gets set to become CEO of.. You review the entire proxy statement which created a combined company was created named Viacom, Davis the... 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Team up together every time investigative journalists as they uncover the truth get a handle on FP... Use and Privacy Policy Grupo Televisa, S.A.B later this year board member of the comprised. Look at the YouTube channels and youll see some of the communityand also for marketers,..., who has been a mainstay of Davis ' career, income, and 2001. In 2014 and the Catholic Church handle on how FP & a execs operate than the breadth scope... Consulted for Google, P & G, Viacom is estimated to a. Wade would be to leverage that as much as he can merge with its former parent.. ( ).getFullYear ( ) ) ; Salary.com subscribing, I think if you conducted that research... This new phase of Univision Communications Inc. completed the acquisition of free streaming Pluto. Last 4 years of their time at Viacom Inc, Wade consulted for Google, P & G Viacom! And youll see some of the community, they 're the tastemakers as they. Wade would be higher than the breadth and scope of work, is what Univision has a! 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