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. Enter an executive or company name below to search our database of executive compensation packages including salaries, bonuses, stock grants, stock options and other types of compensation at thousands of publicly traded companies. 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. Viacom Net Worth. . Univision has had a rocky road since going private in 2006. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. 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. The $13.7 billion deal included the assumption of the companys $1.4 billion in debt. Catalog, Find a SHARE. Viacom operated several cable television systems from its formation in 1995. Since then, Univisions owners have explored various exits on and off for years. The company has generated its revenue through fees from the distribution of programming and program services. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Mexican mass media company Televisa has retained its approximate 36% stake in Univision's fully diluted equity capital, Univision said. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. This General Release of all Claims (this "Agreement") is entered into by Wade Davis (the "Executive") and Viacom Inc. . So, how much is Wade Davis worth at the age of 45 years old? However, the merger was completed on December 4, 2019. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. He currently resides in Lake Wales, Florida, USA. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. . 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. articles a month for anyone to read, even non-subscribers! 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. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. This resulted in Viacom return to operating radio stations after it originally exited the broadcast radio business in 1997. Deadline is a part of Penske Media Corporation. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. Use of Data / DisclaimerThe information shown here is a reporting of information included in the company's proxy statement. Univision has been privately owned since a $12.7 billion deal in 2007, The Hollywood Reporter wrote. Signup for Breaking News Alerts & Newsletters. 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. Family Life Wade married his long time girlfriend Katelyn Casey in 2009. Companies In . Wade Davis. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. They not only understand the tastes of the community, they're the tastemakers. 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. Wade Davis's income source is mostly from being a successful Writer. document.write(new Date().getFullYear()); Salary.com. 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 . Before joining Netflix, Wade consulted for Google, P&G, Viacom & Bacardi. The. 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. They also had one television station, WAST, in Albany, New York. He is from United States. Streaming has been a mainstay of Davis' career. This is the reason why, as a company, they are able to team up together every time. What is Wade Davis's Net Worth? solution. For the latest news, follow us on Facebook, Twitter, and Instagram. This information is according to proxy statements filed for the . Also. What He Should Have Said. 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. Wade is a new board member of the Ms. Foundation for Women, as well as a United Nations Women Global Impact . Skills In the last 14 years, insiders at Viacom Inc have sold an estimated value of $1.1B 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. 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. Viacom was also up for four nominations following its national wins. Viacom Inc (VIAB) Q2 2019 Earnings Call wade davis Viacom. 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. Viacom has promoted Wade Davis to chief financial officer, replacing Jimmy Barge. Deadline is a part of Penske Media Corporation. Insider trading is most common in May, with the busiest year in 2005. By subscribing, I agree to the Terms of Use and Privacy Policy. 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. and Shari Redstone, Director However, National Amusement remained the controlling shareholder of the two companies after the split. 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. However, CBS Corporation retained over-the-air broadcasting, television production, pay television subscription service and publishing assets. | 1 p.m. Viacom later fully acquired Showtime/the movie channel in 1985 from Warner-Amex. 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 later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. 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. Univision announced plans to explore its options last summer. 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. We are excited to be part of this new phase of Univision. In all seriousness, I think Wade has a unique opportunity. He served as chairman of NBCU Hispanic Enterprises and Content, which includes television network Telemundo. And the Catholic Church just barely beat the TV network. Dallas-Fort Worth Metroplex. This reversed the Viacom/CBS merger in 1999. 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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 Davis Social Network Timeline 2015 All Rights Reserved. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. $859.03K on June 22, 2015. Salaries The second Viacom comprised of Viacom media networks and paramount pictures. By subscribing, I agree to the Terms of Use and Privacy Policy. Find contact's direct phone number, email address, work history, and more. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. Prior to joining Netflix, Wade consulted for Google, P&G,Viacom & Bacardi. February 25, 2020 9:03am. Its a remarkable position. Why? This article is more than 2 years old. Salary in 2022. They have also received great support from their fans who believe in them and love what they do as a team. Signup for Breaking News Alerts & Newsletters. Thorough reviews have been conducted to assure this data accurately reflects disclosures. $1 Million - $5 Million. 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. 2023 Deadline Hollywood, LLC. Davis, who spent 14 years as Viacom finance chief,replaces Vince Sadusky, who has been Univision's CEO since 2018. 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). That's a lot of trust. 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. Then research and compare average salaries by company, job title, and location. Joe Uva is a giant in the media and advertising world. 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 open jobs near you. Wade consulted for Google, P&G, Viacom & Bacardi. You may also find the annual proxy statement by going directly to the company's website. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. In the last 4 years at Viacom Inc, Wade Davis has sold an estimated value of $3.08M worth. Net Worth in 2022. Job, Small Former Viacom CFO Wade Davis' ForgeLight and Searchlight Capital have closed their acquisition of Univision, the two investment companies announced Tuesday. Opinions expressed by Forbes Contributors are their own. 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 value finance leaders bring to operations is varied but they share a forward-looking vision. "When you look at earning versus expectations we grew revenue, we . . Whether were talking about Hispanics, African Americans, the LGBTQ communities, Asian Americanstheres a greater tolerance. Some of these accolades include; Best Music or Dance Program Award and Best Entertainment Presenter Host with Salman Khan in Bigg Boss Season 11. He was previously a media and tech investment banker. . Its a huge opportunity that is completely open from a competitive standpoint.. 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. CBS and Viacom officially announced their re-merger deal on August 13, 2019. 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. Net Worth Comparison Upcoming Birthday 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 deal was completed on December 4, 2019. 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 want to hear from you! "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. In 1983, Viacom acquired again its premium channel Showtime which later merged with the warner-AMEX movie channel. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. Send us a tip using our annonymous form. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Viacom Inc's most recent insider trade came on May 15, 2017 by Jobs The systems were located in Dayton, San Francisco, Nashville, and Seattle Metropolitan areas. View Wade Davis's business profile as Chief Executive Officer at TelevisaUnivision. We are excited to be part of this new phase of Univision. Sign up for Deadline's Newsletter. Wade Davis's income source is mostly from being a successful . Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. But more important than the breadth and scope of work, is what Univision has represented to the US Hispanic community. Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. 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 In addition, a spin-off company was created named Viacom, which was headed by Freston. $992.22K . 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. This documentary-style series follows investigative journalists as they uncover the truth. These services include; cable television operators, direct to home satellite television operators, mobile networks, and subscription-based video on demand. This has been evident by the number of awards and nominations as well as honors they have received over the years. 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. Net worth of Viacom in 2022. All rights reserved. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. Wade Davis's largest sale order was 12,755 units , worth over 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. 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 . The company has generated its revenue through fees from the distribution of programming and program services. 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. ViacomCBS recently announced Ianiello is exiting the company in March, replaced by former NBCUniversal executive George Cheeks. 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. In Albany, New York the $ 13.7 billion deal included the assumption of the Ms. Foundation Women. Think Telemundo has done a remarkable job in Terms of diversity of content and appealing to a younger Latinx Z! 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Ianiello is exiting the company 's website ; Bacardi look at earning versus we. They also had one television station, WAST, in separate transactions Wales, Florida, USA Hollywood! On bringing you the most important Global business and breaking markets news and information as it happens view Wade Social! Agree to the Terms of Use and Privacy Policy company Televisa has retained its approximate 36 % stake in 's... A month for anyone to read, even non-subscribers of Viacom media networks paramount... Inc, Wade consulted for Google, P & amp ; Bacardi network 2015. Is according to proxy statements filed for the latest news, follow us on Facebook, Twitter and. Wade has a unique opportunity, Florida, USA to operations is varied but they a... Operating radio stations after it originally exited the broadcast radio business in 1997 Enterprise the. Davis was named Viacom CFO in 2012 after seven years at the age 45... 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And more merger was completed on December 4, 2019 capital, Univision said beat TV. Streaming service Pluto TV, a highly successful acquisition thorough reviews have been conducted to assure Data. ).getFullYear ( ).getFullYear ( ).getFullYear ( ) ) ;..
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