Some of these accolades include; Best Music or Dance Program Award and Best Entertainment Presenter Host with Salman Khan in Bigg Boss Season 11. Signup for Breaking News Alerts & Newsletters. Wade Davis Social Network Timeline 2015 The industry has been grappling with the structural inequities and systemic failures that have existed in media. This documentary-style series follows investigative journalists as they uncover the truth. How to Apply for a Job During the Coronavirus Pandemic, For 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. 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Viacom has been greatly honored, and their media networks have highly been appreciated all over the world. A planned initial public offering in 2015 was scratched. Then research and compare average salaries by company, job title, and location. Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. document.write(new Date().getFullYear()); Salary.com. However, the companies were to trade under the ownership of national amusements due to stagnating stock price. Getty Images. In 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain. 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. 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. Hes a former NYU and Rutgers adjunct professor, 2012 President Obama surrogate, and feminist. The company comprised of MTV Networks, BET Networks, Paramount Pictures, and Paramount Pictures Home Entertainment. He served as chairman of NBCU Hispanic Enterprises and Content, which includes television network Telemundo. Send us a tip using our annonymous form. 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. "When you look at earning versus expectations we grew revenue, we . 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. New York, NY 10036. . 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This resulted in Viacom return to operating radio stations after it originally exited the broadcast radio business in 1997. Wade is a new board member of the Ms. Foundation for Women, as well as a United Nations Women Global Impact . Subscribe to Deadline Breaking News Alerts and keep your inbox happy. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. Wade Davis Net Worth (2021 Update) Wade Davis and Searchlight Capital Partners. Viacom later bought VIVA media AG in 2004, the German equivalent to MTV. Family Life Wade married his long time girlfriend Katelyn Casey in 2009. . . They have also received great support from their fans who believe in them and love what they do as a team. 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. Viacom Inc's most recent insider trade came on May 15, 2017 by Wade Davis's largest purchase order was 28,710 units , worth over (BMV:TLEVISA CPO) for approximately $5.2 billion. February 25, 2020 9:03am. Skills This has been evident by the number of awards and nominations as well as honors they have received over the years. 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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. 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. An indispensable guide to finance, investing and entrepreneurship. NYC Wade Davis 2016. 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. solution. 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. 2020. "It's a huge opportunity that is completely open from a competitive standpoint.". It was formed as a spin-off of the first Viacom on December 31, 2005. For the latest news, follow us on Facebook, Twitter, and Instagram. Wade Davis. Insider trading is most common in May, with the busiest year in 2005. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. The service is Davis' top priority; he believes Hispanic audiences aren't being served by the current streaming landscape, Bloomberg reported. (Podcast), Chief Executive Officer, Univision Communications Inc. All rights reserved. "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. If Wade Davis, former Viacom I don't think it happens overnight. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Net Worth in 2022. Viacom became a mass media company rather than simply a distribution company. 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. Opinions expressed by Forbes Contributors are their own. 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. Wade Davis Net Worth His net worth has been growing significantly in 2021-2022. Get our latest storiesin the feed of your favorite networks. CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? Why? The Advice Former Univision Chief Joe Uva Would Give New CEO Wade Davis. Find open jobs near you. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. 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. ViacomCBS recently announced Ianiello is exiting the company in March, replaced by former NBCUniversal executive George Cheeks. The combined company was called ViacomCBS, with Bob Bakish as President and CEO and Shari Redson as the chairwoman of the new company. 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. 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. 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. Between 2015 and 2018, he served as a board member of streaming device giant Roku. As of March 2023, Viacom is estimated to have a net worth of $15 billion. 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. He currently resides in Lake Wales, Florida, USA. Deadline is a part of Penske Media Corporation. 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. WD. It was later renamed CBS Enterprises in 1970 and later spun into its own company in 1971. Catalog, Find 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. Grow and expand for the well-being of the communityand also for marketers. My advice to Wade would be to leverage that as much as he can. Find out what you should earn with a customized salary estimate and negotiate with confidence. 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. Prior to Viacom, Davis co-founded America's Choice, Inc. where he acquired research and associated IP to build a for-profit K-12 school performance improvement solutions business . The split was approved by Viacoms board on June 14, 2005, and took effect on January 1, 2006. Wade is a United Nations Women Global Impact Champion, a Ms . Net worth of Viacom in 2022. 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. They not only understand the tastes of the community, they're the tastemakers. 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. 2023 Deadline Hollywood, LLC. Since then, Univisions owners have explored various exits on and off for years. They also had one television station, WAST, in Albany, New York. As of 2023, Wade Davis's net worth is $100,000 - $1M. All proxy statements are public filings made available to the general public by the SEC. 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. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. 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. However, CBS Corporation retained over-the-air broadcasting, television production, pay television subscription service and publishing assets. "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. We want to hear from you! Wade Davis Dario Acosta/Courtesy of Viacom. Bloomberg Markets Americas. Viacoms first broadcast-station acquisition was in 1978 when the company bought WHNB-TV in new Britain, Connecticut changing its call letters to WVIT. A Broadcasting & Cable Hall of Fame honoree, Uva now runs Gull Point Advisors and is the non-executive board chair for Revolver Podcasts. He won the AL Pennant with the Royals in 2014 and the World Series with the team in 2015. 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 . 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. 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. Univision Communications Inc. completed the acquisition of Content and Media Assets of Grupo Televisa, S.A.B. 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? Streaming has been a mainstay of Davis' career. Theyre extraordinarily creative and I think theyve found a voicefor themselves. However, the merger was completed on December 4, 2019. Wade Davis's largest sale order was 12,755 units , worth over 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. Viacom later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. There's also an expectation, and I think Hispanic millennials and Gen Z Hispanics hold the key to bringing the country together. 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. In all seriousness, I think Wade has a unique opportunity. . Wade Davis owns about 42,424 units of Viacom Inc common stock. These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. Joe Uva is a giant in the media . 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. The second Viacom comprised of Viacom media networks and paramount pictures. As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. The $13.7 billion deal included the assumption of the companys $1.4 billion in debt. 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. Find contact's direct phone number, email address, work history, and more. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. In the last 4 years at Viacom Inc, Wade Davis has sold an estimated value of $3.08M worth. Whether were talking about Hispanics, African Americans, the LGBTQ communities, Asian Americanstheres a greater tolerance. Wade Davis who bought 28,710 units worth Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. Employers, Survey This interview has been edited for brevity and clarity. Take a look at the YouTube channels and youll see some of the truly brilliant content that's being created by Gen Z Hispanics. Davis will be CEO. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . There are 100+ professionals named "Wade Davis", who use LinkedIn to exchange information, ideas, and opportunities. Thorough reviews have been conducted to assure this data accurately reflects disclosures. The merger was completed in 2000, and in 2001 Viacom completed its purchase of Black Entertainment Television (BET). Viacom operated several cable television systems from its formation in 1995. unless such ownership constitutes a significant portion of your net worth. And by the way, I think if you conducted that same research today, Univision would be higher than the Catholic Church. Univision has been privately owned since a $12.7 billion deal in 2007, The Hollywood Reporter wrote. This reversed the Viacom/CBS merger in 1999. View Wade Davis's business profile as Chief Executive Officer at TelevisaUnivision. They're going to be part of what I think is the overall evolution of equality. So, how much is Wade Davis worth at the age of 45 years old? And the Catholic Church just barely beat the TV network. Ratings suffered from shifts in the television landscape and competition from rival Telemundo. Salaries This General Release of all Claims (this "Agreement") is entered into by Wade Davis (the "Executive") and Viacom Inc. . At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. Its a huge opportunity that is completely open from a competitive standpoint.. I think Telemundo has done a remarkable job in terms of diversity of content and appealing to a younger Latinx Gen Z audience. National amusement theatre owner Summer Redstone bought controlling interests in 1986 hence becoming part of the company. Directory List Lowercase 2.3 Big | PDF | Internet Forum . 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. Davis, who spent 14 years as Viacom finance chief,replaces Vince Sadusky, who has been Univision's CEO since 2018. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Wade Davis (born September 7, 1985) is famous for being baseball player. By subscribing, I agree to the Terms of Use and Privacy Policy. Its a remarkable position. You, For Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Searchlight also owns a stake in Liberty Latin America, a company in the orbit of John Malones Liberty Media group. 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. Althoughthe company has suffered several challenges, it has maintained its focus and delivered its services all the time. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. (Photo by Rodrigo Varela/WireImage). 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. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. c/o Viacom Inc. 1515 Broadway. Jobs These services include; cable television operators, direct to home satellite television operators, mobile networks . 2023 Deadline Hollywood, LLC. Age of 45 years old site is protected by reCAPTCHA Enterprise and the Google Privacy.! Stations after it originally exited the broadcast radio business in 1997 a look at versus! 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