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. By subscribing, I agree to the Terms of Use and Privacy Policy. 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 . Wade Davis (born September 7, 1985) is famous for being baseball player. Since then, Univisions owners have explored various exits on and off for years. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Family Life Wade married his long time girlfriend Katelyn Casey in 2009. Viacom promotes Wade Davis to CFO. This General Release of all Claims (this "Agreement") is entered into by Wade Davis (the "Executive") and Viacom Inc. . A Univision spokesman declined to comment on a possible sale. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. 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. 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. 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 In addition, a spin-off company was created named Viacom, which was headed by Freston. 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. ViacomCBS recently announced Ianiello is exiting the company in March, replaced by former NBCUniversal executive George Cheeks. Viacom later made its biggest acquisition in 1999 by announcing plans to merge with its former parent CBS. 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. A planned initial public offering in 2015 was scratched. Jobs However, CBS Corporation retained over-the-air broadcasting, television production, pay television subscription service and publishing assets. Its a huge opportunity that is completely open from a competitive standpoint.. Wade Davis Net Worth His net worth has been growing significantly in 2021-2022. However, the merger was completed on December 4, 2019. 2020. Viacoms first broadcast-station acquisition was in 1978 when the company bought WHNB-TV in new Britain, Connecticut changing its call letters to WVIT. articles a month for anyone to read, even non-subscribers! These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. They also had one television station, WAST, in Albany, New York. Hispanic millennials and Gen Z Hispanics are much more committed to action. 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. Redstone later fired Freston in September 2006 and named Philippe Dauman as the head of Viacom. Hes a former NYU and Rutgers adjunct professor, 2012 President Obama surrogate, and feminist. 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. The split was approved by Viacoms board on June 14, 2005, and took effect on January 1, 2006. It was formed as a spin-off of the first Viacom on December 31, 2005. 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). If Wade Davis, former Viacom Viacom operated several cable television systems from its formation in 1995. $140 per post at $7/CPM. What is Wade Davis's Net Worth? February 25, 2020 9:03am. As of 2023, Wade Davis's net worth is $100,000 - $1M. 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 bought an estimated value of $107.56M worth of shares. c/o Viacom Inc. 1515 Broadway. And what Univision has been able to build over the years through their news operationshas been trust. By subscribing, I agree to the Terms of Use and Privacy Policy. 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. These services include; cable television operators, direct to home satellite television operators, mobile networks . SHARE. 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. "I thought it was a really strong quarter for us," Davis said. Bloomberg Markets Americas. This documentary-style series follows investigative journalists as they uncover the truth. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Save my name, email, and website in this browser for the next time I comment. Signup for Breaking News Alerts & Newsletters. 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. Send us a tip using our annonymous form. Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! Charles E. Phillips, Jr., Director, When I look at the two companies, the Telemundo advantage is that their digital portfolio and their digital offerings are far more connected to the interest of the younger Hispanic generations. No, I'm just kidding! Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Send us a tip using our annonymous form. 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? Wade Davis who bought, In the last 14 years, insiders at Viacom Inc have sold an estimated value of, Mailing address is Viacom Inc. 1515 Broadway New York NY 10036 NY. I write about media, entertainment and diversity. 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 the last 4 years at Viacom Inc, Wade Davis has sold an estimated value of $3.08M worth. Wade Davis's largest purchase order was 28,710 units , worth over 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. Then research and compare average salaries by company, job title, and location. "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. Grow and expand for the well-being of the communityand also for marketers. 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. 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 . I think Telemundo has done a remarkable job in terms of diversity of content and appealing to a younger Latinx Gen Z audience. 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. Betweenintergenerational differences and specific skillsets, CFOs need to get a handle on how FP&A execs operate. This has been evident by the number of awards and nominations as well as honors they have received over the years. We have estimated Wade Davis's net worth , money, salary, income, and assets. The second Viacom comprised of Viacom media networks and paramount pictures. (Podcast). I remember research about Univision that said, among U.S. Hispanics, Univision was the most trusted institution, except for the Catholic Church. As of March 2023, Viacom is estimated to have a net worth of $15 billion. Wade consulted for Google, P&G, Viacom & Bacardi. 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. Net worth of Viacom in 2022. They're going to be part of what I think is the overall evolution of equality. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. With your extensive experience in the space, how do you see the Hispanic media and advertising market evolving? The value finance leaders bring to operations is varied but they share a forward-looking vision. 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. 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. 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. This article is more than 2 years old. But more important than the breadth and scope of work, is what Univision has represented to the US Hispanic community. He is from United States. 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. The merger was completed in 2000, and in 2001 Viacom completed its purchase of Black Entertainment Television (BET). 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. 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. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. 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. Viacom Inc's most recent insider trade came on May 15, 2017 by Viacom became a mass media company rather than simply a distribution company. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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