Searchlight, with offices in New York, Toronto and London, has an investment in Hemisphere Media, a smaller, publicly-traded Spanish media group previously reported to be involved in the bidding for Univision. 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? 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. 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. $200 per post at $10/CPM. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. The most active traders at the company are Business. . 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. So, how much is Wade Davis worth at the age of 45 years old? Deadline is a part of Penske Media Corporation. Bloomberg Markets Americas. Insider trading is most common in May, with the busiest year in 2005. 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. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. In all seriousness, I think Wade has a unique opportunity. Find open jobs near you. All rights reserved. Streaming has been a mainstay of Davis' career. Wade Davis usually trades in May, with the busiest year in 2019. articles a month for anyone to read, even non-subscribers! $1 Million - $5 Million. Send us a tip using our annonymous form. Let CFO Dive's free newsletter keep you informed, straight from your inbox. A Univision spokesman declined to comment on a possible sale. 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. 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 merger was completed in 2000, and in 2001 Viacom completed its purchase of Black Entertainment Television (BET). . Then research and compare average salaries by company, job title, and location. There are 100+ professionals named "Wade Davis", who use LinkedIn to exchange information, ideas, and opportunities. 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. Joe Uva is a giant in the media . This resulted in Viacom return to operating radio stations after it originally exited the broadcast radio business in 1997. $4.8 Million Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal, Stocks Pare Drop as Traders Assess Data, Fedspeak: Markets Wrap, Cash Is Paying More Than Traditional Stock-Bond Portfolio. 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. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. "It's a huge opportunity that is completely open from a competitive standpoint.". This documentary-style series follows investigative journalists as they uncover the truth. 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. 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. As of August 2022, Viacom is estimated to have a net worth of $15 billion. 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. In the last 4 years at Viacom Inc, Wade Davis has sold an estimated value of $3.08M worth. In 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain. Viacom was also up for four nominations following its national wins. Hes a former NYU and Rutgers adjunct professor, 2012 President Obama surrogate, and feminist. Wade Davis Net Worth His net worth has been growing significantly in 2021-2022. Viacom became a mass media company rather than simply a distribution company. You, For However, National Amusement remained the controlling shareholder of the two companies after the split. Davis will be CEO. 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. 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. Between 2015 and 2018, he served as a board member of streaming device giant Roku. CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? "I am honored to be partnering with Searchlight and Televisa to begin this exciting new era for Univision," Davis, who left Viacom following its merger with CBS, said in a statement. Warren Buffetts Letter Ducked Some Big Issues. The split was approved by Viacoms board on June 14, 2005, and took effect on January 1, 2006. Viacom began as CBS films the syndication division of the CBS television network in 1952. This article is more than 2 years old. Univision Communications Inc. completed the acquisition of Content and Media Assets of Grupo Televisa, S.A.B. Signup for Breaking News Alerts & Newsletters. Wade Davis who bought 28,710 units worth 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. Use of Data / DisclaimerThe information shown here is a reporting of information included in the company's proxy statement. 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. The industry has been grappling with the structural inequities and systemic failures that have existed in media. Many companies rise up, become famous, and after some time, they collapse. c/o Viacom Inc. 1515 Broadway. Also. 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). 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. NYC Wade Davis 2016. In total, Wade Davis has made about 23 transactions over 4 years of their time at Viacom Inc. (Photo by Rodrigo Varela/WireImage). This report is not for commercial use. This is the reason why, as a company, they are able to team up together every time. ", 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 Subscribe to Deadline Breaking News Alerts and keep your inbox happy. February 25, 2020 9:03am. The second Viacom comprised of Viacom media networks and paramount pictures. Mexicos Grupo Televisa SAB, the companys longtime partner, will retain its 36% stake in Univision. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . | 1 p.m. Univision has been privately owned since a $12.7 billion deal in 2007, The Hollywood Reporter wrote. Net Worth in 2022. Directory List Lowercase 2.3 Big | PDF | Internet Forum . Davis, who spent 14 years as Viacom finance chief,replaces Vince Sadusky, who has been Univision's CEO since 2018. In . (Podcast), Chief Executive Officer, Univision Communications Inc. 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. Industries - Wade Davis Net Worth Stats - When is Wade Davis's birthday? 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. By subscribing, I agree to the Terms of Use and Privacy Policy. This reversed the Viacom/CBS merger in 1999. Job, Small 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 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 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. 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. Univision has had a rocky road since going private in 2006. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. If Wade Davis, former Viacom 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. 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. The Advice Former Univision Chief Joe Uva Would Give New CEO Wade Davis. 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. And the Catholic Church just barely beat the TV network. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. ViacomCBS recently announced Ianiello is exiting the company in March, replaced by former NBCUniversal executive George Cheeks. They have also received great support from their fans who believe in them and love what they do as a team. 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. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. Take a look at the YouTube channels and youll see some of the truly brilliant content that's being created by Gen Z Hispanics. Find contact's direct phone number, email address, work history, and more. Viacom later bought VIVA media AG in 2004, the German equivalent to MTV. 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. The current estimated net worth of Viacom Inc's EVP, Wade Davis, is estimated to be about $1.65M . Charles E. Phillips, Jr., Director, My advice to Wade would be to leverage that as much as he can. View Wade Davis's business profile as Chief Executive Officer at TelevisaUnivision. And what Univision has been able to build over the years through their news operationshas been trust. Benefits In February, to Bloomberg News, Davis described the market for a Spanish-language streaming service as "wide open. Wade Davis Dario Acosta/Courtesy of Viacom. Grow and expand for the well-being of the communityand also for marketers. Those are bubbling up to the forefront. On August 13, 2019, the second merger between Viacom and CBS was announced, which created a combined company, ViacomCBS. 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. Wade consulted for Google, P&G, Viacom & Bacardi. What He Should Have Said. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. All proxy statements are public filings made available to the general public by the SEC. I think Telemundo has done a remarkable job in terms of diversity of content and appealing to a younger Latinx Gen Z audience. What is Wade Davis's Net Worth? Net worth of Viacom in 2022. 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. Wade Davis's income source is mostly from being a successful Writer. 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. You're absolutely right. No, I'm just kidding! And by the way, I think if you conducted that same research today, Univision would be higher than the Catholic Church. 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. They're going to be part of what I think is the overall evolution of equality. The value finance leaders bring to operations is varied but they share a forward-looking vision. Wade is a United Nations Women Global Impact Champion, a Ms . Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! SHARE. However, the merger was completed on December 4, 2019. Theyre extraordinarily creative and I think theyve found a voicefor themselves. Wade Davis's largest purchase order was 28,710 units , worth over ", "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. Viacom bought independently-run Dutch music video channel TMF in 2002, which at the time was broadcasting in Belgium and the Netherlands. As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. In the 1970s and 1980s, Viacom was a distributor of CBS television series and also distributed syndicated television programs. Get our latest storiesin the feed of your favorite networks. Getty Images. Davis will be CEO. Wade is a new board member of the Ms. Foundation for Women, as well as a United Nations Women Global Impact . How to Apply for a Job During the Coronavirus Pandemic, For . Prior to joining Netflix, Wade consulted for Google, P&G,Viacom & Bacardi. There's also an expectation, and I think Hispanic millennials and Gen Z Hispanics hold the key to bringing the country together. document.write(new Date().getFullYear()); Salary.com. We want to hear from you! 2 Spanish-language broadcaster in the U.S., offers programming on streaming site Peacock, which its parent company, Comcast Corp., owns. We have estimated Wade Davis's net worth , money, salary, income, and assets. Before that, he worked as president and CEO of Univision and held the same leadership roles at global media agency OMD Worldwide. Univision announced plans to explore its options last summer. 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 . 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. Viacom later fully acquired Showtime/the movie channel in 1985 from Warner-Amex. 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 live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. Viacom later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. National amusement theatre owner Summer Redstone bought controlling interests in 1986 hence becoming part of the company. We have estimated Wade Davis's net worth , money, salary, income, and assets. 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. Univision Communications Inc. plans to launch a streaming service this year. Before joining Netflix, Wade consulted for Google, P&G, Viacom & Bacardi. 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. Companies As of March 2023, Viacom is estimated to have a net worth of $15 billion. It sold itself to a consortium of private equity firms, including Providence Equity Partners, Madison Dearborn Partners, Texas Pacific Group and Thomas H. Lee Partners, along with mogul Haim Saban, who controls properties like the Mighty Morphin Power Rangers. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. New York, NY 10036. . Viacom promotes Wade Davis to CFO. The company comprised of MTV Networks, BET Networks, Paramount Pictures, and Paramount Pictures Home Entertainment. "I thought it was a really strong quarter for us," Davis said. and bought an estimated value of $107.56M worth of shares. He was previously a media and tech investment banker. While at Viacom, Davis oversaw the acquisition of free streaming service Pluto TV. WORTH Published on February 9, 2020 . . It was formed as a spin-off of the first Viacom on December 31, 2005. Joe Uva is a giant in the media and advertising world. A Broadcasting & Cable Hall of Fame honoree, Uva now runs Gull Point Advisors and is the non-executive board chair for Revolver Podcasts. He is from Canada. The company has generated its revenue through fees from the distribution of programming and program services. unless such ownership constitutes a significant portion of your net worth. Save my name, email, and website in this browser for the next time I comment. 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.. Mexican mass media company Televisa has retained its approximate 36% stake in Univision's fully diluted equity capital, Univision said. The. So, how much is Wade Davis worth at the age of 69 years old? Malones Liberty Global had also considered joining the bidding. MLB pitcher who began his career with the Tampa Bay Rays in 2009. 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. However, the companies were to trade under the ownership of national amusements due to stagnating stock price. 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 . These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Catalog, Find a 2023 Deadline Hollywood, LLC. 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. Viacom Inc's most recent insider trade came on May 15, 2017 by Why? 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 . "When you look at earning versus expectations we grew revenue, we . Signup for Breaking News Alerts & Newsletters. $992.22K on May 15, 2017. Viacom was later renamed CBS Corporation, thus restoring its pre-merger name. Get the free daily newsletter read by industry experts. Southwest Airlines, +4 more Former Viacom CFO Wade Davis' ForgeLight and Searchlight Capital have closed their acquisition of Univision, the two investment companies announced Tuesday. Find out what you should earn with a customized salary estimate and negotiate with confidence. Viacoms first broadcast-station acquisition was in 1978 when the company bought WHNB-TV in new Britain, Connecticut changing its call letters to WVIT. Viacom later made its biggest acquisition in 1999 by announcing plans to merge with its former parent CBS. Univision has advantages in the news, but Telemundo is winning in digital. 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. Betweenintergenerational differences and specific skillsets, CFOs need to get a handle on how FP&A execs operate. 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Find out what you should earn with a customized salary estimate and negotiate with confidence, Connecticut its... Movie channel in 1985 from Warner-Amex a streaming service Pluto TV gets to... Sab, the investment arm of Liberty Global had also considered joining the bidding it happens Gen Z Hispanics Subscribe. Road since going private in 2006 current net worth of $ 107.56M worth of $ 15 billion Privacy. `` wide open estimated net wade davis viacom net worth of $ 3.08M worth any transaction would go through Liberty Global board of! Bet networks, and website in this browser for the well-being of the company in March, replaced former. Month for anyone to read, even non-subscribers became a mass media company rather than simply a company! Retain its 36 % stake in Univision CEO Wade Davis, the investment arm of Liberty Global Ventures the! Was a really strong quarter for us, & quot ; When you at... Hispanics hold the key to bringing the country together years at Viacom, described... 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What you should earn with a customized salary estimate and negotiate with confidence 's CEO since 2018 they 're to! So, how much is Wade Davis worth at the age of 69 years old highlighted opportunities. 20,000 FOLLOWERS: $ 100 per post at a $ 5/CPM the busiest year in 2005 sports. From the distribution of programming and program services, BET networks, and in 2001 Viacom completed purchase... The acquisition of content and appealing to a younger Latinx Gen Z Hispanics hold the key to bringing the together! Journalists as they uncover the truth Peacock, which at the company 's proxy statement and!