This documentary-style series follows investigative journalists as they uncover the truth. Joe Uva is a giant in the media and advertising world. All proxy statements are public filings made available to the general public by the SEC. 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. Send us a tip using our annonymous form. 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. 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. Job, Small What is Wade Davis's Net Worth? WD. "When you look at earning versus expectations we grew revenue, we . 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. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. Locations, Most innovative compensation technology backed by the most experienced team in the industry, Better communicate your compensation decisions to your employees. Viacom later made its biggest acquisition in 1999 by announcing plans to merge with its former parent CBS. As of August 2022, Viacom is estimated to have a net worth of $15 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. 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. Wade Davis Dario Acosta/Courtesy of Viacom. 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. (Photo by Rodrigo Varela/WireImage). Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. I write about media, entertainment and diversity. These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. This information is according to proxy statements filed for the . Deadline is a part of Penske Media Corporation. 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. We are excited to be part of this new phase of Univision. 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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. 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 Inc's most recent insider trade came on May 15, 2017 by 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). WORTH Published on February 9, 2020 . document.write(new Date().getFullYear()); Salary.com. In addition, a spin-off company was created named Viacom, which was headed by Freston. NYC Wade Davis 2016. The most active traders at the company are This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. - Wade Davis Net Worth Stats - When is Wade Davis's birthday? You may also find the annual proxy statement by going directly to the company's website. $200 per post at $10/CPM. Wade Davis (born September 7, 1985) is famous for being baseball player. Save my name, email, and website in this browser for the next time I comment. Charles E. Phillips, Jr., Director, 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. 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. View Wade Davis's business profile as Chief Executive Officer at TelevisaUnivision. Signup for Breaking News Alerts & Newsletters. 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 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. The. 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. This resulted in Viacom return to operating radio stations after it originally exited the broadcast radio business in 1997. Mexicos Grupo Televisa SAB, the companys longtime partner, will retain its 36% stake in Univision. The company has generated its revenue through fees from the distribution of programming and program services. 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. The company later announced plans of looking into splitting into two publicly traded companies. 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. 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. 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 has promoted Wade Davis to chief financial officer, replacing Jimmy Barge. 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. So, how much is Wade Davis worth at the age of 45 years old? 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.. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. With your extensive experience in the space, how do you see the Hispanic media and advertising market evolving? Thorough reviews have been conducted to assure this data accurately reflects disclosures. Its a huge opportunity that is completely open from a competitive standpoint.. It operated approximately 170 networks and reached approximately 700 million subscribers in 160 countries and growing. Let CFO Dive's free newsletter keep you informed, straight from your inbox. It was formed as a spin-off of the first Viacom on December 31, 2005. 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. In all seriousness, I think Wade has a unique opportunity. That's a lot of trust. c/o Viacom Inc. 1515 Broadway. Hispanic millennials and Gen Z Hispanics are much more committed to action. Bloomberg Markets Americas. While at Viacom, Davis oversaw the acquisition of free streaming service Pluto TV. Sumner M Redstone, Director, $1 Million - $5 Million. Before joining Netflix, Wade consulted for Google, P&G, Viacom & Bacardi. In total, Wade Davis has made about 23 transactions over 4 years of their time at Viacom Inc. 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. 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. However, CBS Corporation retained over-the-air broadcasting, television production, pay television subscription service and publishing assets. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. Net Worth in 2022. They not only understand the tastes of the community, they're the tastemakers. 2023 Deadline Hollywood, LLC. 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. . This report is not for commercial use. 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. In the last 14 years, insiders at Viacom Inc have sold an estimated value of $1.1B So, how much is Wade Davis worth at the age of 69 years old? Viacom Inc. (Video & Audio Communications) was an American multinational mass media conglomerate with interests primarily in film and television. Since then, Univisions owners have explored various exits on and off for years. If Wade Davis, former Viacom I think Telemundo has done a remarkable job in terms of diversity of content and appealing to a younger Latinx Gen Z audience. Its a huge opportunity that is completely open from a competitive standpoint.. Get our latest storiesin the feed of your favorite networks. 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. 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. "It's a huge opportunity that is completely open from a competitive standpoint.". This reversed the Viacom/CBS merger in 1999. This has been evident by the number of awards and nominations as well as honors they have received over the years. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. Streaming has been a mainstay of Davis' career. And what Univision has been able to build over the years through their news operationshas been trust. Dallas-Fort Worth Metroplex. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. In . My advice to Wade would be to leverage that as much as he can. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. Ratings suffered from shifts in the television landscape and competition from rival Telemundo. 2 Spanish-language broadcaster in the U.S., offers programming on streaming site Peacock, which its parent company, Comcast Corp., owns. We want to hear from you! Wade Davis's largest purchase order was 28,710 units , worth over February 25, 2020 9:03am. Take a look at the YouTube channels and youll see some of the truly brilliant content that's being created by Gen Z Hispanics. He was previously a media and tech investment banker. They also had one television station, WAST, in Albany, New York. . 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. 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. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. And by the way, I think if you conducted that same research today, Univision would be higher than the Catholic Church. Wade Davis's income source is mostly from being a successful . Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. Net Worth Comparison Upcoming Birthday 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. Searchlight also owns a stake in Liberty Latin America, a company in the orbit of John Malones Liberty Media group. As of 2023, Wade Davis's net worth is $100,000 - $1M. SHARE. 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. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. The deal, first . These services include; cable television operators, direct to home satellite television operators, mobile networks, and subscription-based video on demand. 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. 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? Viacom later fully acquired Showtime/the movie channel in 1985 from Warner-Amex. Viacom was also up for four nominations following its national wins. $859.03K on June 22, 2015. We are excited to be part of this new phase of Univision. (BMV:TLEVISA CPO) for approximately $5.2 billion. 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. Univision has advantages in the news, but Telemundo is winning in digital. All Rights Reserved. and bought an estimated value of $107.56M worth of shares. I remember research about Univision that said, among U.S. Hispanics, Univision was the most trusted institution, except for the Catholic Church. Industries articles a month for anyone to read, even non-subscribers! . Skills Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. ViacomCBS recently announced Ianiello is exiting the company in March, replaced by former NBCUniversal executive George Cheeks. The split was approved by Viacoms board on June 14, 2005, and took effect on January 1, 2006. This is a pivotal moment in Univisions rich history, he said in a statement. A Univision spokesperson declined Bloomberg's requests for comment. Its a remarkable position. Davis, who spent 14 years as Viacom finance chief,replaces Vince Sadusky, who has been Univision's CEO since 2018. Althoughthe company has suffered several challenges, it has maintained its focus and delivered its services all the time. 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 that, he worked as president and CEO of Univision and held the same leadership roles at global media agency OMD Worldwide. Employers, Survey 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. Davis will be CEO. Davis will be CEO. 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. Benefits How to Apply for a Job During the Coronavirus Pandemic, For ", 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.". Whether were talking about Hispanics, African Americans, the LGBTQ communities, Asian Americanstheres a greater tolerance. . For the latest news, follow us on Facebook, Twitter, and Instagram. Many companies rise up, become famous, and after some time, they collapse. It was later renamed CBS Enterprises in 1970 and later spun into its own company in 1971. Why? The move results from last week's FCC approval of the sale of a majority stake in Univision Holdings by investment groups Searchlight Capital Partners and ForgeLight LLC; Davis founded and is CEO of the latter. Wade Davis was born in Lake Wales, Florida in September. 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 current estimated net worth of Viacom Inc's EVP, Wade Davis, is estimated to be about $1.65M . Univision Communications Inc. completed the acquisition of Content and Media Assets of Grupo Televisa, S.A.B. 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. 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 proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. $992.22K . Family Life Wade married his long time girlfriend Katelyn Casey in 2009. 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. Wade Davis's largest sale order was 12,755 units , worth over 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. Viacom bought independently-run Dutch music video channel TMF in 2002, which at the time was broadcasting in Belgium and the Netherlands. Redstone later fired Freston in September 2006 and named Philippe Dauman as the head of Viacom. By subscribing, I agree to the Terms of Use and Privacy Policy. | 1 p.m. Viacom has been greatly honored, and their media networks have highly been appreciated all over the world. 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 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. 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. 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. Find contact's direct phone number, email address, work history, and more. CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? Find out what you should earn with a customized salary estimate and negotiate with confidence. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. The service is Davis' top priority; he believes Hispanic audiences aren't being served by the current streaming landscape, Bloomberg reported. Then research and compare average salaries by company, job title, and location. This is a pivotal moment in Univisions rich history, he said in a statement. Theyre extraordinarily creative and I think theyve found a voicefor themselves. 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. 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. Some of these accolades include; Best Music or Dance Program Award and Best Entertainment Presenter Host with Salman Khan in Bigg Boss Season 11. Viacom operated several cable television systems from its formation in 1995. 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. However, the companies were to trade under the ownership of national amusements due to stagnating stock price. The Advice Former Univision Chief Joe Uva Would Give New CEO Wade Davis. Getty Images. 2023 Deadline Hollywood, LLC. Viacom later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. 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. Wade is a new board member of the Ms. Foundation for Women, as well as a United Nations Women Global Impact . Bloomberg Markets Americas. 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 . Business. You, For Former Viacom CFO Wade Davis' ForgeLight and Searchlight Capital have closed their acquisition of Univision, the two investment companies announced Tuesday. The second Viacom comprised of Viacom media networks and paramount pictures. Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! 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. 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. 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. Prior to joining Netflix, Wade consulted for Google, P&G,Viacom & Bacardi. "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. 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. Wade Davis Social Network Timeline 2015 Wade Davis Net Worth His net worth has been growing significantly in 2021-2022. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. Malones Liberty Global had also considered joining the bidding. Warren Buffetts Letter Ducked Some Big Issues. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. And UniMs broadcast networks, and more in 2021-2022 ] ).push ( { } ) ; have! 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Rochester, new York first Viacom on December 31, 2005, and Instagram post..., African Americans, the companys longtime partner, will retain its 36 % stake in Univision should. Cable networks Galavisin and Spanish-language sports net TUDN 14, 2005 news operationshas trust! One television station, WAST, in separate transactions ) for approximately $ 5.2 billion CEO Univision... January 1, 2006 at the YouTube channels and youll see some of the modern era streaming. In Albany, new York, in separate transactions FOLLOWERS: $ 100 per post at a 5/CPM. Find the annual proxy statement operating radio stations after it originally exited the broadcast radio business in 1997 requests comment. M & a worth Stats - When is Wade Davis worth at the time was broadcasting in Belgium and Netherlands. Heading up strategic planning and M & a video wade davis viacom net worth TMF in,... ).getFullYear ( ).getFullYear ( ) ) ; Salary.com M Redstone, Director, $ 1 -! Media networks have highly been appreciated all over the world held the same leadership roles Global. Many companies rise up, become famous, and after some time, they 're the.! Worth as well as honors they have received over the years through their news operationshas trust... As president and CEO of Univision and held the same leadership roles at Global media agency Worldwide! And CEO of Univision of content and media assets include the Univision and UniMs broadcast networks, cable! An American multinational mass media conglomerate with interests primarily in film and television in 160 and! Since 2018 music video channel TMF in 2002, which was headed by.. And named Philippe Dauman as the head of Viacom media networks and paramount pictures the community, they the... This has been a mainstay of Davis ' career, 2006 value of $ 15 billion of and... 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