As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . And what Univision has been able to build over the years through their news operationshas been trust. Prior to joining Netflix, Wade consulted for Google, P&G,Viacom & Bacardi. ViacomCBS recently announced Ianiello is exiting the company in March, replaced by former NBCUniversal executive George Cheeks. This resulted in Viacom return to operating radio stations after it originally exited the broadcast radio business in 1997. Take a look at the YouTube channels and youll see some of the truly brilliant content that's being created by Gen Z Hispanics. As of March 2023, Viacom is estimated to have a net worth of $15 billion. 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 industry has been grappling with the structural inequities and systemic failures that have existed in media. Malones Liberty Global had also considered joining the bidding. Jobs Later in 1987, Viacom bought MTV networks, which owned MTV and Nickelodeon. I write about media, entertainment and diversity. Mexicos Grupo Televisa SAB, the companys longtime partner, will retain its 36% stake in Univision. Locations, Most innovative compensation technology backed by the most experienced team in the industry, Better communicate your compensation decisions to your employees. 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. A planned initial public offering in 2015 was scratched. 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. Get our latest storiesin the feed of your favorite networks. A Broadcasting & Cable Hall of Fame honoree, Uva now runs Gull Point Advisors and is the non-executive board chair for Revolver Podcasts. Joe Uva is a giant in the media and advertising world. There's also an expectation, and I think Hispanic millennials and Gen Z Hispanics hold the key to bringing the country together. Wade Davis. It will truly be an evolution. 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). (Podcast), Chief Executive Officer, Univision Communications Inc. . Wade Davis's income source is mostly from being a successful . This is a pivotal moment in Univisions rich history, he said in a statement. Southwest Airlines, +4 more At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. They also had one television station, WAST, in Albany, New York. This report is not for commercial use. How to Apply for a Job During the Coronavirus Pandemic, For 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. 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. Stay competitive with the world's most innovative compensation software 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. We have estimated Wade Davis's net worth , money, salary, income, and assets. SHARE. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. ", 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.". Wade Davis. The deal was completed on December 4, 2019. 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. 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. We are excited to be part of this new phase of Univision. 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 were layoffs and turmoil in management ranks culminating with a shakeup that saw Vince Sadusky replace CEO Randy Falco. Dallas-Fort Worth Metroplex. 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. All proxy statements are public filings made available to the general public by the SEC. $992.22K . In 1983, Viacom acquired again its premium channel Showtime which later merged with the warner-AMEX movie channel. Catalog, Find a The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. Viacom Inc. (Video & Audio Communications) was an American multinational mass media conglomerate with interests primarily in film and television. . This is the reason why, as a company, they are able to team up together every time. Job, Small "It's a huge opportunity that is completely open from a competitive standpoint.". 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. So, how much is Wade Davis worth at the age of 69 years old? In 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain. In February, to Bloomberg News, Davis described the market for a Spanish-language streaming service as "wide open. Searchlight also owns a stake in Liberty Latin America, a company in the orbit of John Malones Liberty Media group. (BMV:TLEVISA CPO) for approximately $5.2 billion. 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. We want to hear from you! 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. 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 later bought VIVA media AG in 2004, the German equivalent to MTV. Wade is a new board member of the Ms. Foundation for Women, as well as a United Nations Women Global Impact . Viacom was also up for four nominations following its national wins. Viacom has been greatly honored, and their media networks have highly been appreciated all over the world. WORTH Published on February 9, 2020 . 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. I remember research about Univision that said, among U.S. Hispanics, Univision was the most trusted institution, except for the Catholic Church. Bloomberg Markets live from New York, 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. Send us a tip using our annonymous form. Its a remarkable position. Charles E. Phillips, Jr., Director, Net Worth Comparison Upcoming Birthday 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. Viacoms first broadcast-station acquisition was in 1978 when the company bought WHNB-TV in new Britain, Connecticut changing its call letters to WVIT. The deal, first . - Wade Davis Net Worth Stats - When is Wade Davis's birthday? Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. 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. (Podcast). Univision has advantages in the news, but Telemundo is winning in digital. Wade Davis was born in Lake Wales, Florida in September. c/o Viacom Inc. 1515 Broadway. Business. 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. The merger was completed in 2000, and in 2001 Viacom completed its purchase of Black Entertainment Television (BET). And the Catholic Church just barely beat the TV network. Wade Davis's largest sale order was 12,755 units , worth over In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. And by the way, I think if you conducted that same research today, Univision would be higher than the Catholic Church. "When you look at earning versus expectations we grew revenue, we . $992.22K on May 15, 2017. A Univision spokesman declined to comment on a possible sale. Let CFO Dive's free newsletter keep you informed, straight from your inbox. VIAB This reversed the Viacom/CBS merger in 1999. Those are bubbling up to the forefront. In . This documentary-style series follows investigative journalists as they uncover the truth. It operated approximately 170 networks and reached approximately 700 million subscribers in 160 countries and growing. 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. Directory List Lowercase 2.3 Big | PDF | Internet Forum . 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. Davis will be CEO. Wade Davis Social Network Timeline 2015 Net Worth in 2022. and bought an estimated value of $107.56M worth of shares. 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. No, I'm just kidding! You're absolutely right. 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. The value finance leaders bring to operations is varied but they share a forward-looking vision. 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. All Rights Reserved. Wade Davis owns about 42,424 units of Viacom Inc common stock. 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. WD. 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. 2 Spanish-language broadcaster in the U.S., offers programming on streaming site Peacock, which its parent company, Comcast Corp., owns. 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. Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. 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. Save my name, email, and website in this browser for the next time I comment. He won the AL Pennant with the Royals in 2014 and the World Series with the team in 2015. Joe Uva is a giant in the media . This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Then research and compare average salaries by company, job title, and location. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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. This is the reason why, as a company in the media and advertising world country! 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