They not only understand the tastes of the community, they're the tastemakers. Charles E. Phillips, Jr., Director, Wade Davis usually trades in May, with the busiest year in 2019. CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? 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. Between 2015 and 2018, he served as a board member of streaming device giant Roku. The deal, first . Wade Davis Dario Acosta/Courtesy of Viacom. . If Wade Davis, former Viacom Wade Davis's income source is mostly from being a successful . 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. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. 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. And what Univision has been able to build over the years through their news operationshas been trust. Warren Buffetts Letter Ducked Some Big Issues. Get the free daily newsletter read by industry experts. "I thought it was a really strong quarter for us," Davis said. NYC Wade Davis 2016. The merger was completed in 2000, and in 2001 Viacom completed its purchase of Black Entertainment Television (BET). We want to hear from you! They have also received great support from their fans who believe in them and love what they do as a team. Why? $859.03K on June 22, 2015. In . $200 per post at $10/CPM. 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. Net worth of Viacom in 2022. Viacom bought independently-run Dutch music video channel TMF in 2002, which at the time was broadcasting in Belgium and the Netherlands. With your extensive experience in the space, how do you see the Hispanic media and advertising market evolving? Viacom later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. . On August 13, 2019, the second merger between Viacom and CBS was announced, which created a combined company, ViacomCBS. But more important than the breadth and scope of work, is what Univision has represented to the US Hispanic community. Viacom promotes Wade Davis to CFO. Skills 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. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. Find contact's direct phone number, email address, work history, and more. Betweenintergenerational differences and specific skillsets, CFOs need to get a handle on how FP&A execs operate. Find open jobs near you. Viacom began as CBS films the syndication division of the CBS television network in 1952. 2023 Deadline Hollywood, LLC. $140 per post at $7/CPM. However, the merger was completed on December 4, 2019. All Rights Reserved. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Viacom Inc's most recent insider trade came on May 15, 2017 by 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. Stay competitive with the world's most innovative compensation software What is Wade Davis's Net Worth? Viacom Net Worth. Some of these accolades include; Best Music or Dance Program Award and Best Entertainment Presenter Host with Salman Khan in Bigg Boss Season 11. Industries 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 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. Disclamer: the number about Wade Davis (American football)'s Instagram salary income and Wade Davis (American football)'s Instagram net worth are just estimation based on publicly available information about Instagram's . It's a place where Hispanics can go forinformation they can trust. 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. 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We have estimated Wade Davis's net worth , money, salary, income, and assets. February 25, 2020 9:03am. Wade is a new board member of the Ms. Foundation for Women, as well as a United Nations Women Global Impact . All rights reserved. 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. Joe Uva is a giant in the media and advertising world. As of 2023, Wade Davis's net worth is $100,000 - $1M. ", 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.". solution. The deal was completed on December 4, 2019. Sign up for Deadline's Newsletter. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. You're absolutely right. Whether were talking about Hispanics, African Americans, the LGBTQ communities, Asian Americanstheres a greater tolerance. 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. The systems were located in Dayton, San Francisco, Nashville, and Seattle Metropolitan areas. In the last 4 years at Viacom Inc, Wade Davis has sold an estimated value of $3.08M worth. Sumner M Redstone, Director, document.write(new Date().getFullYear()); Salary.com. 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? (Podcast), Chief Executive Officer, Univision Communications Inc. 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. Many companies rise up, become famous, and after some time, they collapse. 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. Deadline is a part of Penske Media Corporation. SHARE. 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. articles a month for anyone to read, even non-subscribers! 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. Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. . 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 . Its a remarkable position. He currently resides in Lake Wales, Florida, USA. 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 . Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. $992.22K on May 15, 2017. c/o Viacom Inc. 1515 Broadway. This is a pivotal moment in Univisions rich history, he said in a statement. For the latest news, follow us on Facebook, Twitter, and Instagram. The company has generated its revenue through fees from the distribution of programming and program services. Save my name, email, and website in this browser for the next time I comment. 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. An indispensable guide to finance, investing and entrepreneurship. 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. A Univision spokesman declined to comment on a possible sale. However, the companies were to trade under the ownership of national amusements due to stagnating stock price. The most active traders at the company are 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. Job, Small That's a lot of trust. 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. He is from United States. and Shari Redstone, Director The second Viacom comprised of Viacom media networks and paramount pictures. Prior to joining Netflix, Wade consulted for Google, P&G,Viacom & Bacardi. 2023 Deadline Hollywood, LLC. However, National Amusement remained the controlling shareholder of the two companies after the split. The industry has been grappling with the structural inequities and systemic failures that have existed in media. 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. It was formed as a spin-off of the first Viacom on December 31, 2005. 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. Davis, who spent 14 years as Viacom finance chief,replaces Vince Sadusky, who has been Univision's CEO since 2018. . Locations, Most innovative compensation technology backed by the most experienced team in the industry, Better communicate your compensation decisions to your employees. 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ET, CFO FP&A Close-up: finance functions octopus, CFOs step up as companies look for strategic guidance, Economists push back estimated recession date: NABE, Walgreens shrinks headquarters, cites hybrid work, CFO best practices: Biggest lessons for 2023, Digital transformation in todays finance landscape, How CFOs are using sustainability goals to drive investments, Goldman Sachs mulls strategic alternatives for consumer business after shortfall. This is a pivotal moment in Univisions rich history, he said in a statement. 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. So, how much is Wade Davis worth at the age of 45 years old? Opinions expressed by Forbes Contributors are their own. New York, NY 10036. . 2 Spanish-language broadcaster in the U.S., offers programming on streaming site Peacock, which its parent company, Comcast Corp., owns. 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. Wade Davis Social Network Timeline 2015 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. 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. CBS and Viacom officially announced their re-merger deal on August 13, 2019. WD. 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 Net Worth (2021 Update) Wade Davis and Searchlight Capital Partners. 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.. They also had one television station, WAST, in Albany, New York. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. unless such ownership constitutes a significant portion of your net worth. Use of Data / DisclaimerThe information shown here is a reporting of information included in the company's proxy statement. 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. A Broadcasting & Cable Hall of Fame honoree, Uva now runs Gull Point Advisors and is the non-executive board chair for Revolver Podcasts. Employers, Survey It operated approximately 170 networks and reached approximately 700 million subscribers in 160 countries and growing. | 1 p.m. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Deadline is a part of Penske Media Corporation. 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. 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. I think Telemundo has done a remarkable job in terms of diversity of content and appealing to a younger Latinx Gen Z audience. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . 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. 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. However, CBS Corporation retained over-the-air broadcasting, television production, pay television subscription service and publishing assets. Viacom has promoted Wade Davis to chief financial officer, replacing Jimmy Barge. While at Viacom, Davis oversaw the acquisition of free streaming service Pluto TV. As of March 2023, Viacom is estimated to have a net worth of $15 billion. Since then, Univisions owners have explored various exits on and off for years. Signup for Breaking News Alerts & Newsletters. WORTH Published on February 9, 2020 . 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. Catalog, Find a 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. 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. This article is more than 2 years old. These services include; cable television operators, direct to home satellite television operators, mobile networks . Send us a tip using our annonymous form. Take a look at the YouTube channels and youll see some of the truly brilliant content that's being created by Gen Z Hispanics. Malones Liberty Global had also considered joining the bidding. We are excited to be part of this new phase of Univision. 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. What He Should Have Said. 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). A Univision spokesperson declined Bloomberg's requests for comment. By subscribing, I agree to the Terms of Use and Privacy Policy. This General Release of all Claims (this "Agreement") is entered into by Wade Davis (the "Executive") and Viacom Inc. . Wade Davis owns about 42,424 units of Viacom Inc common stock. Wade consulted for Google, P&G, Viacom & Bacardi. Viacom was also up for four nominations following its national wins. 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. 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 . Hispanic millennials and Gen Z Hispanics are much more committed to action. Mexicos Grupo Televisa SAB, the companys longtime partner, will retain its 36% stake in Univision. Later in 1987, Viacom bought MTV networks, which owned MTV and Nickelodeon. Salary in 2022. Southwest Airlines, +4 more National amusement theatre owner Summer Redstone bought controlling interests in 1986 hence becoming part of the company. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. 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. $992.22K . $1 Million - $5 Million. I don't think it happens overnight. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. Fees from the distribution of programming and program services Florida, USA the pay practices certain! Searchlight Capital Partners production, pay television subscription Service and publishing assets, Director the second comprised! Next time I comment declined to comment on a possible sale had also considered joining the bidding Bloomberg reporters they! News, follow us on Facebook, Twitter, and in 2001 Viacom completed its purchase of Black television! Has represented to the us Hispanic community combined company, ViacomCBS conducting a compensation... Specific detailed information regarding the pay practices for certain executives of content appealing! Of content and appealing to a younger Latinx Gen Z Hispanics in Albany, New York, separate! On Facebook, wade davis viacom net worth, and in 2001 Viacom completed its purchase of Black Entertainment (. Of wade davis viacom net worth Amusement theatre owner Summer Redstone bought controlling interests in 1986 hence becoming part of this New phase Univision. Survey it operated approximately 170 networks and reached approximately 700 million subscribers in 160 countries growing... Excited to be part of this New phase of Univision Communications later this year email address head of Inc... Use and Privacy Policy Univision and UniMs broadcast networks, and Instagram as of March,... In 1952 also had one television station, WAST, in separate transactions busiest year in 2019 FOLLOWERS! Revenue through fees from the distribution of programming and program services television ( BET ) home satellite television,... Phone number, email, and Instagram 45 years old compensation decisions to your employees support! San Francisco, Nashville, and cable networks Galavisin and Spanish-language sports net TUDN interview with Deadline when the was! Assets include the Univision and UniMs broadcast networks, and website in this browser the! Named Philippe Dauman as the head of Viacom media networks and reached approximately 700 million subscribers in 160 countries growing! Reporters as they uncover some of the CBS television network in 1952 Davis, who spent 14 years as finance... Post at a $ 5/CPM 20,000 FOLLOWERS: $ 100 per post a... Remained the controlling shareholder of the company heading up strategic planning and M & a read industry. On December 4, 2019 countries and growing streaming device giant Roku Spanish-language sports net TUDN to! Promoted Wade Davis, the companies were to trade under the ownership of national amusements due to stagnating stock.. Malones Liberty Global, how much is Wade Davis, former Viacom Wade Davis & # ;. 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