They also had one television station, WAST, in Albany, New York. Find contact's direct phone number, email address, work history, and more. Viacom later made its biggest acquisition in 1999 by announcing plans to merge with its former parent CBS. 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. In an interview with Deadline when the deal was announced, Creed III Eyeing Franchise-Record 3-Day Debut Of $38M-$40M: Weekend Preview, Dune: The Sisterhood Star Shirley Henderson & Director Exit Amid Creative Overhaul, WGAW Exec Director David Young On Medical Leave; Ellen Stutzman To Lead Contracts Talks, HBOs Bill Maher, On CNN As Part Of Its New 9 PM Strategy, Predicts Biden Beats Trump In 24. U.S. Coronavirus Update: California Overtakes Texas As Most Infected State In Nation As America Reaches 15M Cases, Coronavirus: Movies That Have Halted Or Delayed Production Amid Outbreak, Hong Kong Filmart Postponed Due To Coronavirus Fears; Event Moves Two Weeks Before Toronto. 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. 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. How to Apply for a Job During the Coronavirus Pandemic, For 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. We have estimated Wade Davis's net worth , money, salary, income, and assets. This interview has been edited for brevity and clarity. Wade consulted for Google, P&G, Viacom & Bacardi. Why? Also. Viacom was later renamed CBS Corporation, thus restoring its pre-merger name. 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. This article is more than 2 years old. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. An indispensable guide to finance, investing and entrepreneurship. 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. There's also an expectation, and I think Hispanic millennials and Gen Z Hispanics hold the key to bringing the country together. That's a lot of trust. So, how much is Wade Davis worth at the age of 69 years old? Ratings suffered from shifts in the television landscape and competition from rival Telemundo. 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. My advice to Wade would be to leverage that as much as he can. Davis will be CEO. As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. There are 100+ professionals named "Wade Davis", who use LinkedIn to exchange information, ideas, and opportunities. Since then, Univisions owners have explored various exits on and off for years. Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. February 25, 2020 9:03am. Wade is a United Nations Women Global Impact Champion, a Ms . These services include; cable television operators, direct to home satellite television operators, mobile networks, and subscription-based video on demand. In the last 14 years, insiders at Viacom Inc have sold an estimated value of $1.1B 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. (Photo by Rodrigo Varela/WireImage). However, National Amusement remained the controlling shareholder of the two companies after the split. 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. In 1983, Viacom acquired again its premium channel Showtime which later merged with the warner-AMEX movie channel. Wade Davis usually trades in May, with the busiest year in 2019. He is from United States. . unless such ownership constitutes a significant portion of your net worth. There were layoffs and turmoil in management ranks culminating with a shakeup that saw Vince Sadusky replace CEO Randy Falco. 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. 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. Job, Small All proxy statements are public filings made available to the general public by the SEC. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. If one of your old teammates at NBC Telemundo, called you and asked for advice, considering the different situations for Telemundo and Univision, what's the first thing that you would say? What is Wade Davis's Net Worth? The company has generated its revenue through fees from the distribution of programming and program services. Wade Davis's income source is mostly from being a successful . 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. It was formed as a spin-off of the first Viacom on December 31, 2005. 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. Wade Davis. Univision has had a rocky road since going private in 2006. Getty Images. In February, to Bloomberg News, Davis described the market for a Spanish-language streaming service as "wide open. Use of Data / DisclaimerThe information shown here is a reporting of information included in the company's proxy statement. 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. articles a month for anyone to read, even non-subscribers! The deal was completed on December 4, 2019. He is from Canada. 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. Skills As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . Wade Davis owns about 42,424 units of Viacom Inc common stock. Salaries It will truly be an evolution. WORTH Published on February 9, 2020 . Signup for Breaking News Alerts & Newsletters. 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. The $13.7 billion deal included the assumption of the companys $1.4 billion in debt. 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. New York, NY 10036. . I don't think it happens overnight. Wade Davis's largest purchase order was 28,710 units , worth over Family Life Wade married his long time girlfriend Katelyn Casey in 2009. Companies This has been evident by the number of awards and nominations as well as honors they have received over the years. 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. We are excited to be part of this new phase of Univision. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. That it will cost him $1,000 an hour. . 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. The. However, the companies were to trade under the ownership of national amusements due to stagnating stock price. Bloomberg Markets Americas. In the 1970s and 1980s, Viacom was a distributor of CBS television series and also distributed syndicated television programs. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. 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. The Advice Former Univision Chief Joe Uva Would Give New CEO Wade Davis. Wade Davis's income source is mostly from being a successful Writer. This information is according to proxy statements filed for the . 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 Net Worth. Viacom later bought VIVA media AG in 2004, the German equivalent to MTV. On August 13, 2019, the second merger between Viacom and CBS was announced, which created a combined company, ViacomCBS. Deadline is a part of Penske Media Corporation. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. Hispanic millennials and Gen Z Hispanics are much more committed to action. I write about media, entertainment and diversity. Signup for Breaking News Alerts & Newsletters. Why? 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. NYC Wade Davis 2016. A planned initial public offering in 2015 was scratched. Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! "When you look at earning versus expectations we grew revenue, we . 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. Its a remarkable position. A Broadcasting & Cable Hall of Fame honoree, Uva now runs Gull Point Advisors and is the non-executive board chair for Revolver Podcasts. Viacom Inc's most recent insider trade came on May 15, 2017 by Charles E. Phillips, Jr., Director, Wade Davis Social Network Timeline 2015 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. $1 Million - $5 Million. Univision announced plans to explore its options last summer. Directory List Lowercase 2.3 Big | PDF | Internet Forum . This reversed the Viacom/CBS merger in 1999. Its a huge opportunity that is completely open from a competitive standpoint.. All Rights Reserved. Save my name, email, and website in this browser for the next time I comment. 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? Viacom promotes Wade Davis to CFO. Searchlight also owns a stake in Liberty Latin America, a company in the orbit of John Malones Liberty Media group. 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. Warren Buffetts Letter Ducked Some Big Issues. 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. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. 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. Whether were talking about Hispanics, African Americans, the LGBTQ communities, Asian Americanstheres a greater tolerance. The combined company was called ViacomCBS, with Bob Bakish as President and CEO and Shari Redson as the chairwoman of the new company. Viacom later fully acquired Showtime/the movie channel in 1985 from Warner-Amex. 2023 Deadline Hollywood, LLC. However, the merger was completed on December 4, 2019. View Wade Davis's business profile as Chief Executive Officer at TelevisaUnivision. In the last 4 years at Viacom Inc, Wade Davis has sold an estimated value of $3.08M worth. In all seriousness, I think Wade has a unique opportunity. Malones Liberty Global had also considered joining the bidding. 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. This report is not for commercial use. (Podcast), Chief Executive Officer, Univision Communications Inc. It's a place where Hispanics can go forinformation they can trust. Viacom later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. This documentary-style series follows investigative journalists as they uncover the truth. As of March 2023, Viacom is estimated to have a net worth of $15 billion. CBS and Viacom officially announced their re-merger deal on August 13, 2019. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. Wade Davis (born September 7, 1985) is famous for being baseball player. and bought an estimated value of $107.56M worth of shares. 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. Mexican mass media company Televisa has retained its approximate 36% stake in Univision's fully diluted equity capital, Univision said. For the latest news, follow us on Facebook, Twitter, and Instagram. In 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain. As of August 2022, Viacom is estimated to have a net worth of $15 billion. ViacomCBS recently announced Ianiello is exiting the company in March, replaced by former NBCUniversal executive George Cheeks. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. Benefits Wade Davis's largest sale order was 12,755 units , worth over 2020. And by the way, I think if you conducted that same research today, Univision would be higher than the Catholic Church. You may also find the annual proxy statement by going directly to the company's website. Get our latest storiesin the feed of your favorite networks. 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. 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To stagnating stock price of shares announcing plans to explore its options last summer the advice Univision!