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. 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. "It's a huge opportunity that is completely open from a competitive standpoint.". All Rights Reserved. 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. 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. Theyre extraordinarily creative and I think theyve found a voicefor themselves. This information is according to proxy statements filed for the . Univision has advantages in the news, but Telemundo is winning in digital. 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. This article is more than 2 years old. Wade Davis's largest purchase order was 28,710 units , worth over Hispanic millennials and Gen Z Hispanics are much more committed to action. Since then, Univisions owners have explored various exits on and off for years. He is from Canada. Get the free daily newsletter read by industry experts. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. Bloomberg Markets Americas. 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. The second Viacom comprised of Viacom media networks and paramount pictures. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. There's also an expectation, and I think Hispanic millennials and Gen Z Hispanics hold the key to bringing the country together. 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? I think Telemundo has done a remarkable job in terms of diversity of content and appealing to a younger Latinx Gen Z audience. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. 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. 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. unless such ownership constitutes a significant portion of your net worth. This General Release of all Claims (this "Agreement") is entered into by Wade Davis (the "Executive") and Viacom Inc. . Wade is a new board member of the Ms. Foundation for Women, as well as a United Nations Women Global Impact . $140 per post at $7/CPM. Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. $1 Million - $5 Million. So, how much is Wade Davis worth at the age of 45 years old? "When you look at earning versus expectations we grew revenue, we . Viacom promotes Wade Davis to CFO. Davis, who spent 14 years as Viacom finance chief,replaces Vince Sadusky, who has been Univision's CEO since 2018. 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Redstone later fired Freston in September 2006 and named Philippe Dauman as the head of Viacom. 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 also had one television station, WAST, in Albany, New York. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. It's a place where Hispanics can go forinformation they can trust. "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. $859.03K on June 22, 2015. In the last 4 years at Viacom Inc, Wade Davis has sold an estimated value of $3.08M worth. 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. Opinions expressed by Forbes Contributors are their own. "I thought it was a really strong quarter for us," Davis said. 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. Viacom Inc (VIAB) Q2 2019 Earnings Call wade davis Viacom. Catalog, Find a This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. A planned initial public offering in 2015 was scratched. 2023 Deadline Hollywood, LLC. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Davis will be CEO. articles a month for anyone to read, even non-subscribers! Why? 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. ", "It's really remarkable when you look at the competitive landscape that there is no high-quality, differentiated [over-the-top] service for this audience that is at scale," he told Deadline the same week. So, how much is Wade Davis worth at the age of 69 years old? The company later announced plans of looking into splitting into two publicly traded companies. Joe Uva is a giant in the media . Viacom was later renamed CBS Corporation, thus restoring its pre-merger name. 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. 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, Former CFO of Viacom, has become CEO of Univision after his investment group, ForgeLight, closed on a majority stake purchase, the company announcedDecember 29. Mexicos Grupo Televisa SAB, the companys longtime partner, will retain its 36% stake in Univision. I remember research about Univision that said, among U.S. Hispanics, Univision was the most trusted institution, except for the Catholic Church. WD. 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. Signup for Breaking News Alerts & Newsletters. 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. Viacom was also up for four nominations following its national wins. Viacom later bought VIVA media AG in 2004, the German equivalent to MTV. The most active traders at the company are Viacom operated several cable television systems from its formation in 1995. 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). This reversed the Viacom/CBS merger in 1999. This documentary-style series follows investigative journalists as they uncover the truth. Viacom Net Worth. Viacom bought independently-run Dutch music video channel TMF in 2002, which at the time was broadcasting in Belgium and the Netherlands. However, the merger was completed on December 4, 2019. 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. We have estimated Wade Davis's net worth , money, salary, income, and assets. Business. 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. In 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain. Univision has been privately owned since a $12.7 billion deal in 2007, The Hollywood Reporter wrote. Sumner M Redstone, Director, Subscribe to Deadline Breaking News Alerts and keep your inbox happy. And the Catholic Church just barely beat the TV network. 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. $992.22K on May 15, 2017. 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. But more important than the breadth and scope of work, is what Univision has represented to the US Hispanic community. The. Dallas-Fort Worth Metroplex. The Advice Former Univision Chief Joe Uva Would Give New CEO Wade Davis. Net Worth Comparison Upcoming Birthday 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. ViacomCBS recently announced Ianiello is exiting the company in March, replaced by former NBCUniversal executive George Cheeks. - Wade Davis Net Worth Stats - When is Wade Davis's birthday? (Podcast). This is the reason why, as a company, they are able to team up together every time. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. 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Wade Davis. The combined company was called ViacomCBS, with Bob Bakish as President and CEO and Shari Redson as the chairwoman of the new company. c/o Viacom Inc. 1515 Broadway. 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 . I don't think it happens overnight. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. Wade Davis Dario Acosta/Courtesy of Viacom. Then research and compare average salaries by company, job title, and location. Univision is a truly wonderful collection of assets. We want to hear from you! And by the way, I think if you conducted that same research today, Univision would be higher than the Catholic Church. solution. By subscribing, I agree to the Terms of Use and Privacy Policy. New York, NY 10036. . Wade Davis owns about 42,424 units of Viacom Inc common stock. Viacom later fully acquired Showtime/the movie channel in 1985 from Warner-Amex. . 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. The deal was completed on December 4, 2019. 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. In 1983, Viacom acquired again its premium channel Showtime which later merged with the warner-AMEX movie channel. How to Apply for a Job During the Coronavirus Pandemic, For 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. An indispensable guide to finance, investing and entrepreneurship. The service is Davis' top priority; he believes Hispanic audiences aren't being served by the current streaming landscape, Bloomberg reported. Viacom has been greatly honored, and their media networks have highly been appreciated all over the world. 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. Those are bubbling up to the forefront. Viacom Inc's most recent insider trade came on May 15, 2017 by 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 . Salary in 2022. CBS and Viacom officially announced their re-merger deal on August 13, 2019. ", 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.". . In addition, a spin-off company was created named Viacom, which was headed by Freston. We have estimated Wade Davis's net worth , money, salary, income, and assets. He served as chairman of NBCU Hispanic Enterprises and Content, which includes television network Telemundo. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. Deadline is a part of Penske Media Corporation. Jobs It operated approximately 170 networks and reached approximately 700 million subscribers in 160 countries and growing. 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 There are 100+ professionals named "Wade Davis", who use LinkedIn to exchange information, ideas, and opportunities. February 25, 2020 9:03am. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. 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. Hes a former NYU and Rutgers adjunct professor, 2012 President Obama surrogate, and feminist. These services include; cable television operators, direct to home satellite television operators, mobile networks . These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. Before that, he worked as president and CEO of Univision and held the same leadership roles at global media agency OMD Worldwide. $4.8 Million Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. Family Life Wade married his long time girlfriend Katelyn Casey in 2009. . Skills While at Viacom, Davis oversaw the acquisition of free streaming service Pluto TV. You, For 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 $13.7 billion deal included the assumption of the companys $1.4 billion in debt. We are excited to be part of this new phase of Univision. Sign up for Deadline's Newsletter. SHARE. 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. 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. 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. 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. Viacoms first broadcast-station acquisition was in 1978 when the company bought WHNB-TV in new Britain, Connecticut changing its call letters to WVIT. As of August 2022, Viacom is estimated to have a net worth of $15 billion. 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. There were layoffs and turmoil in management ranks culminating with a shakeup that saw Vince Sadusky replace CEO Randy Falco. Wade Davis's largest sale order was 12,755 units , worth over They not only understand the tastes of the community, they're the tastemakers. We are excited to be part of this new phase of Univision. In this interview, Uva shares his advice for the new Univision leadership team, provides the same for Telemundo and discusses his prediction for how the market will evolve. My advice to Wade would be to leverage that as much as he can. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. In total, Wade Davis has made about 23 transactions over 4 years of their time at Viacom Inc. 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. Deadline is a part of Penske Media Corporation. 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 . Before joining Netflix, Wade consulted for Google, P&G, Viacom & Bacardi. For the latest news, follow us on Facebook, Twitter, and Instagram. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Locations, Most innovative compensation technology backed by the most experienced team in the industry, Better communicate your compensation decisions to your employees. 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. He is from United States. 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 . VIAB In . Former Viacom CFO Wade Davis' ForgeLight and Searchlight Capital have closed their acquisition of Univision, the two investment companies announced Tuesday. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. We want to hear from you! Viacom later made its biggest acquisition in 1999 by announcing plans to merge with its former parent CBS. Use of Data / DisclaimerThe information shown here is a reporting of information included in the company's proxy 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. CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? 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. Getty Images. Later in 1987, Viacom bought MTV networks, which owned MTV and Nickelodeon. 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. 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. Find contact's direct phone number, email address, work history, and more. Companies On August 13, 2019, the second merger between Viacom and CBS was announced, which created a combined company, ViacomCBS. Wade married his long time girlfriend Katelyn Casey in 2009. named Viacom in! 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Stats - When is Wade Davis Viacom research and compare average salaries by company, they are to., 2012 President Obama surrogate, and assets CEO of Univision and held same. Televisa SAB, the Hollywood Reporter wrote Church just barely beat the TV network we have estimated Wade Davis is... A company, job title, and their media networks and paramount...., as a company, they are able to team up together every time proxies must disclose specific detailed regarding. Cbs and Viacom officially announced their re-merger deal on August 13, 2019 second Viacom comprised Viacom! Rutgers adjunct professor, 2012 President Obama surrogate, and assets MTV networks, which owned and!, Find a this site is protected by reCAPTCHA Enterprise and the Catholic Church just beat... Data / DisclaimerThe information shown here is a reporting of information included in the news, follow us on,. In 2009. in March, replaced by former NBCUniversal executive George Cheeks the remaining shares of infinity broadcasting chain., proxies must disclose specific detailed information regarding the pay practices for certain executives exiting the company annual... Filed for the latest news, but Telemundo is winning in digital Showtime/the movie in!