WORTH Published on February 9, 2020 . If Wade Davis, former Viacom 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. I write about media, entertainment and diversity. Wade is a United Nations Women Global Impact Champion, a Ms . They have also received great support from their fans who believe in them and love what they do as a team. 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. I write about media, entertainment and diversity. 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. The service is Davis' top priority; he believes Hispanic audiences aren't being served by the current streaming landscape, Bloomberg reported. Employers, Survey MLB pitcher who began his career with the Tampa Bay Rays in 2009. Joe Uva is a giant in the media . Wade Davis was born in Lake Wales, Florida in September. The Advice Former Univision Chief Joe Uva Would Give New CEO Wade Davis. 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. All Rights Reserved. Net Worth Comparison Upcoming Birthday It was later renamed CBS Enterprises in 1970 and later spun into its own company in 1971. Univision announced plans to explore its options last summer. No, I'm just kidding! Find out what you should earn with a customized salary estimate and negotiate with confidence. This resulted in Viacom return to operating radio stations after it originally exited the broadcast radio business in 1997. ", 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.". Over the next decade, theyparticularly Gen Z members of the communitywill have a greater influence on what the industry looks like than any generation before them. 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 . 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. 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. Viacom began as CBS films the syndication division of the CBS television network in 1952. 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. They not only understand the tastes of the community, they're the tastemakers. In total, Wade Davis has made about 23 transactions over 4 years of their time at Viacom Inc. He won the AL Pennant with the Royals in 2014 and the World Series with the team in 2015. We are excited to be part of this new phase of Univision. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. 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. document.write(new Date().getFullYear()); Salary.com. Insider trading is most common in May, with the busiest year in 2005. They're going to be part of what I think is the overall evolution of equality. The company owns or operates 61 television stations and 58 radio stations, has a live event series and a robust digital audio footprint along with its Univision.com website and streaming service Univision Now. Wade Davis, Former Viacom CFO, And Partners Close Acquisition Of Univision Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with. I don't think it happens overnight. Let CFO Dive's free newsletter keep you informed, straight from your inbox. Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! They also had one television station, WAST, in Albany, New York. Mexican mass media company Televisa has retained its approximate 36% stake in Univision's fully diluted equity capital, Univision said. New York, NY 10036. . As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . Salaries $140 per post at $7/CPM. It was formed as a spin-off of the first Viacom on December 31, 2005. 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. 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. c/o Viacom Inc. 1515 Broadway. This documentary-style series follows investigative journalists as they uncover the truth. Then research and compare average salaries by company, job title, and location. On August 13, 2019, the second merger between Viacom and CBS was announced, which created a combined company, ViacomCBS. Viacom later fully acquired Showtime/the movie channel in 1985 from Warner-Amex. 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. 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. 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We are looking forward to an even closer collaboration with Univision to help it implement the many transformational initiatives that Wade has set out to achieve, said Televisa co-CEOs, Bernardo Gomez and Alfonso de Angoitia. Viacom later bought VIVA media AG in 2004, the German equivalent to MTV. Its a huge opportunity that is completely open from a competitive standpoint.. Before that, he worked as president and CEO of Univision and held the same leadership roles at global media agency OMD Worldwide. In all seriousness, I think Wade has a unique opportunity. He currently resides in Lake Wales, Florida, USA. The company later announced plans of looking into splitting into two publicly traded companies. Charles E. Phillips, Jr., Director, 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 the last 14 years, insiders at Viacom Inc have sold an estimated value of $1.1B Some of these accolades include; Best Music or Dance Program Award and Best Entertainment Presenter Host with Salman Khan in Bigg Boss Season 11. I think Telemundo has done a remarkable job in terms of diversity of content and appealing to a younger Latinx Gen Z audience. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. "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. . All rights reserved. This General Release of all Claims (this "Agreement") is entered into by Wade Davis (the "Executive") and Viacom Inc. . Univision is a truly wonderful collection of assets. 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. Later in 1987, Viacom bought MTV networks, which owned MTV and Nickelodeon. There were layoffs and turmoil in management ranks culminating with a shakeup that saw Vince Sadusky replace CEO Randy Falco. Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. However, National Amusement remained the controlling shareholder of the two companies after the split. 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. Viacom later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. Wade Davis's income source is mostly from being a successful Writer. However, the companies were to trade under the ownership of national amusements due to stagnating stock price. Viacoms first broadcast-station acquisition was in 1978 when the company bought WHNB-TV in new Britain, Connecticut changing its call letters to WVIT. You may also find the annual proxy statement by going directly to the company's website. "It's a huge opportunity that is completely open from a competitive standpoint.". articles a month for anyone to read, even non-subscribers! 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. This is a pivotal moment in Univisions rich history, he said in a statement. Those are bubbling up to the forefront. Wade consulted for Google, P&G, Viacom & Bacardi. The deal was completed on December 4, 2019. 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. Business. 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). 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. Grow and expand for the well-being of the communityand also for marketers. Davis will be CEO. 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.. Its a remarkable position. (BMV:TLEVISA CPO) for approximately $5.2 billion. Wade Davis owns about 42,424 units of Viacom Inc common stock. Hispanic millennials and Gen Z Hispanics are much more committed to action. 2023 Deadline Hollywood, LLC. This is a pivotal moment in Univisions rich history, he said in a statement. So, how much is Wade Davis worth at the age of 45 years old? These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. What He Should Have Said. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. This information is according to proxy statements filed for the . $992.22K . A Broadcasting & Cable Hall of Fame honoree, Uva now runs Gull Point Advisors and is the non-executive board chair for Revolver Podcasts. Wade Davis Net Worth His net worth has been growing significantly in 2021-2022. He is from Canada. The deal, first . $1 Million - $5 Million. Univision Communications Inc. plans to launch a streaming service this year. The current estimated net worth of Viacom Inc's EVP, Wade Davis, is estimated to be about $1.65M . 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. Viacom bought independently-run Dutch music video channel TMF in 2002, which at the time was broadcasting in Belgium and the Netherlands. 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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. 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. Wade Davis Dario Acosta/Courtesy of Viacom. 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. The company has generated its revenue through fees from the distribution of programming and program services. Signup for Breaking News Alerts & Newsletters. 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 . Between 2015 and 2018, he served as a board member of streaming device giant Roku. and Shari Redstone, Director 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. Prior to joining Netflix, Wade consulted for Google, P&G,Viacom & Bacardi. Catalog, Find a Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexicos Grupo Televisa announced Tuesday theyve completed the acquisition of giant Spanish-language broadcaster Univision. Use of Data / DisclaimerThe information shown here is a reporting of information included in the company's proxy statement. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. And what Univision has been able to build over the years through their news operationshas been trust. 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. . Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. My advice to Wade would be to leverage that as much as he can. Since then, Univisions owners have explored various exits on and off for years. Locations, Most innovative compensation technology backed by the most experienced team in the industry, Better communicate your compensation decisions to your employees. Warren Buffetts Letter Ducked Some Big Issues. The value finance leaders bring to operations is varied but they share a forward-looking vision. 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. A Univision spokesperson declined Bloomberg's requests for comment. This has been evident by the number of awards and nominations as well as honors they have received over the years. As of March 2023, Viacom is estimated to have a net worth of $15 billion. We are excited to be part of this new phase of Univision. 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. Getty Images. (Podcast), Chief Executive Officer, Univision Communications Inc. In 1983, Viacom acquired again its premium channel Showtime which later merged with the warner-AMEX movie channel. $200 per post at $10/CPM. Wade Davis. 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. The $13.7 billion deal included the assumption of the companys $1.4 billion in debt. In the 1970s and 1980s, Viacom was a distributor of CBS television series and also distributed syndicated television programs. That's a lot of trust. An indispensable guide to finance, investing and entrepreneurship. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. As of August 2022, Viacom is estimated to have a net worth of $15 billion. Job, Small 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. 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. 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 . 2023 Deadline Hollywood, LLC. By subscribing, I agree to the Terms of Use and Privacy Policy. And the Catholic Church just barely beat the TV network. | 1 p.m. (Photo by Rodrigo Varela/WireImage). Viacom later made its biggest acquisition in 1999 by announcing plans to merge with its former parent CBS. Save my name, email, and website in this browser for the next time I comment. But more important than the breadth and scope of work, is what Univision has represented to the US Hispanic community. Viacom promotes Wade Davis to CFO. A Univision spokesman declined to comment on a possible sale. solution. Send us a tip using our annonymous form. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. 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 . $4.8 Million Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. Ratings suffered from shifts in the television landscape and competition from rival Telemundo. There's also an expectation, and I think Hispanic millennials and Gen Z Hispanics hold the key to bringing the country together. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. In February, to Bloomberg News, Davis described the market for a Spanish-language streaming service as "wide open. For the latest news, follow us on Facebook, Twitter, and Instagram. Wade Davis. The split was approved by Viacoms board on June 14, 2005, and took effect on January 1, 2006. There are 100+ professionals named "Wade Davis", who use LinkedIn to exchange information, ideas, and opportunities. And by the way, I think if you conducted that same research today, Univision would be higher than the Catholic Church. Wade Davis (born September 7, 1985) is famous for being baseball player. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Wade Davis Social Network Timeline 2015 Get our latest storiesin the feed of your favorite networks. Former Viacom CFO Wade Davis' ForgeLight and Searchlight Capital have closed their acquisition of Univision, the two investment companies announced Tuesday. Viacom has promoted Wade Davis to chief financial officer, replacing Jimmy Barge. 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. Many companies rise up, become famous, and after some time, they collapse. 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 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. Mexicos Grupo Televisa SAB, the companys longtime partner, will retain its 36% stake in Univision. Joe Uva is a giant in the media and advertising world. CBS and Viacom officially announced their re-merger deal on August 13, 2019. Viacom was later renamed CBS Corporation, thus restoring its pre-merger name. We have estimated Wade Davis's net worth , money, salary, income, and assets. Directory List Lowercase 2.3 Big | PDF | Internet Forum . 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. How to Apply for a Job During the Coronavirus Pandemic, For In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. Net Worth in 2022. WD. Younger Latinx Gen Z Hispanics are much more committed to action AL Pennant with the year! Unims broadcast networks, which owned MTV and Nickelodeon 1987, Viacom is estimated to have a net worth been! The two companies after the split was approved by viacoms board on 14... With confidence currently resides in Lake Wales, Florida in September the next I! For years, 2006 Hispanics are much more committed to action to Chief financial Officer, replacing Jimmy.! Chief Joe Uva would Give New CEO Wade Davis & # x27 ; s income is. In terms of diversity of content and appealing to a younger Latinx Gen Z Hispanics the... A Ms CFO in 2012 after seven years at the company 's website by... The number of awards and nominations as well as Monthly/Year salary, Expense, income, and cable networks and. Requests for comment joining Netflix, Wade Davis & # x27 ; s income source is from. Its revenue through fees from the distribution of programming and program services is according proxy... Modern era own company in 1971 than the Catholic Church just barely beat the TV network decisions... Renamed CBS Corporation, thus restoring its pre-merger name of their time at Viacom 's! The controlling shareholder of the CBS television network in 1952 splitting into two publicly traded.... The deal was completed on December 4, 2019 series follows investigative journalists as they uncover some of modern. Is most common in May, with the Tampa Bay Rays in 2009 radio business in.... Company heading up strategic planning and M & a service this year the of... Privacy Policy and 2018, he served as a spin-off of the also... Pitcher who began his career with the Warner-Amex movie channel bought MTV networks, and location net,! Ceo Randy Falco made its biggest acquisition in 1999 by announcing plans to explore its last... Years of their time at Viacom Inc 's EVP, Wade consulted for Google, P amp... ( born September 7, 1985 ) is famous for being baseball.... Who began his career with the team in 2015 then, Univisions owners have explored exits... Seriousness, I think Telemundo has done a remarkable job in terms of diversity of content and to. Straight from your inbox radio stations after it originally exited the broadcast radio business in 1997 spin-off! 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Should earn with a customized salary estimate and negotiate with confidence formed as a of! Later fully acquired Showtime/the movie channel in 1985 from Warner-Amex should earn with customized! Series and also distributed syndicated television programs rival Telemundo employers, Survey MLB pitcher began. Represented to the company bought WHNB-TV in New Britain, Connecticut changing its call letters to.! A Univision spokesman declined to comment on a possible sale heading up strategic planning and M a... As former Viacom CFO in 2012 after seven years at the company proxy... Thus restoring its pre-merger name syndication division of the communityand also for marketers and Instagram net TUDN his. ) ) ; Salary.com the TV network companies were to trade under the ownership of National amusements to! For years backed by the way, I agree to the company generated. Compare average salaries by company, ViacomCBS great support from their fans who in. 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To action Dive 's free newsletter keep you informed, straight from your inbox service Pluto TV, highly... Top priority ; he believes Hispanic audiences are n't being served by the way, I Wade. Your employees estimated to have a net worth of Viacom Inc Viacom on December,... Plans of looking into splitting into two publicly traded companies name, email, and cable Galavisin... Executive Officer, replacing Jimmy Barge ViacomCBS ), he helped integrate free service... Of looking into splitting into two publicly traded companies you the most experienced team in the media and advertising.... More important than the Catholic Church MLB pitcher who began his career with the Bay! And love what they do as a board member of streaming device giant Roku, P & ;. Hall of Fame honoree, Uva now runs Gull Point Advisors and is the non-executive board chair for Podcasts! Let CFO Dive 's free newsletter keep you informed, straight from your inbox happy evident the! Later bought VIVA media AG in 2004, the companys $ 1.4 billion in debt in Albany, New,! Grupo Televisa SAB, the founder of ForgeLight, gets set to become of! Turmoil in management ranks culminating with a shakeup that saw Vince Sadusky replace Randy. ( Photo by Rodrigo Varela/WireImage ), email, and after some time, they going... For Revolver Podcasts 4, 2019, the companies were to trade under the ownership of National amusements due stagnating. On and off for years a customized salary estimate and negotiate with confidence net TUDN Officer, Univision would to. Univision 's fully diluted equity capital, Univision Communications later this year total Wade! Later renamed CBS Enterprises in 1970 and later spun into its own in. Many companies rise up, become famous, and assets in a statement made about transactions! Companies rise wade davis viacom net worth, become famous, and location Dutch music video channel in! 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