You may also find the annual proxy statement by going directly to the company's website. Wade Davis Dario Acosta/Courtesy of Viacom. CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? Viacom later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. Warren Buffetts Letter Ducked Some Big Issues. He currently resides in Lake Wales, Florida, USA. Wade Davis Net Worth (2021 Update) Wade Davis and Searchlight Capital Partners. 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. 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. 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. 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. You, For In all seriousness, I think Wade has a unique opportunity. Hispanic millennials and Gen Z Hispanics are much more committed to action. 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. Its a huge opportunity that is completely open from a competitive standpoint.. 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. All rights reserved. They're going to be part of what I think is the overall evolution of equality. 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. Family Life Wade married his long time girlfriend Katelyn Casey in 2009. 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. ", "It's really remarkable when you look at the competitive landscape that there is no high-quality, differentiated [over-the-top] service for this audience that is at scale," he told Deadline the same week. February 25, 2020 9:03am. In the 1970s and 1980s, Viacom was a distributor of CBS television series and also distributed syndicated television programs. Jobs We are excited to be part of this new phase of Univision. Wade Davis's largest purchase order was 28,710 units , worth over Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. Viacom bought independently-run Dutch music video channel TMF in 2002, which at the time was broadcasting in Belgium and the Netherlands. 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. However, National Amusement remained the controlling shareholder of the two companies after the split. 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. Employers, Survey 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. The deal was completed on December 4, 2019. It was formed as a spin-off of the first Viacom on December 31, 2005. I remember research about Univision that said, among U.S. Hispanics, Univision was the most trusted institution, except for the Catholic Church. 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. 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And what Univision has been able to build over the years through their news operationshas been trust. Those are bubbling up to the forefront. Wade Davis Net Worth His net worth has been growing significantly in 2021-2022. . 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. A Broadcasting & Cable Hall of Fame honoree, Uva now runs Gull Point Advisors and is the non-executive board chair for Revolver Podcasts. Before joining Netflix, Wade consulted for Google, P&G, Viacom & Bacardi. He won the AL Pennant with the Royals in 2014 and the World Series with the team in 2015. The. The value finance leaders bring to operations is varied but they share a forward-looking vision. Wade Davis was born in Lake Wales, Florida in September. 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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? Get the free daily newsletter read by industry experts. 2023 Deadline Hollywood, LLC. "I thought it was a really strong quarter for us," Davis said. That it will cost him $1,000 an hour. Its a remarkable position. Prior to joining Netflix, Wade consulted for Google, P&G,Viacom & Bacardi. All Rights Reserved. They not only understand the tastes of the community, they're the tastemakers. Get our latest storiesin the feed of your favorite networks. Signup for Breaking News Alerts & Newsletters. Wade Daviss firm to make purchase with Searchlight Capital, Grupo Televisa to retain 36% of Spanish-language broadcaster. Find out what you should earn with a customized salary estimate and negotiate with confidence. The merger was completed in 2000, and in 2001 Viacom completed its purchase of Black Entertainment Television (BET). Viacom was also up for four nominations following its national wins. Catalog, Find a This has been evident by the number of awards and nominations as well as honors they have received over the years. The industry has been grappling with the structural inequities and systemic failures that have existed in media. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Davis, who spent 14 years as Viacom finance chief,replaces Vince Sadusky, who has been Univision's CEO since 2018. It operated approximately 170 networks and reached approximately 700 million subscribers in 160 countries and growing. In February, to Bloomberg News, Davis described the market for a Spanish-language streaming service as "wide open. Later in 1987, Viacom bought MTV networks, which owned MTV and Nickelodeon. Streaming has been a mainstay of Davis' career. "When you look at earning versus expectations we grew revenue, we . 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). 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. Viacom has been greatly honored, and their media networks have highly been appreciated all over the world. 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. Why? Deadline is a part of Penske Media Corporation. Wade Davis usually trades in May, with the busiest year in 2019. 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're absolutely right. By subscribing, I agree to the Terms of Use and Privacy Policy. 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. 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. I think Telemundo has done a remarkable job in terms of diversity of content and appealing to a younger Latinx Gen Z audience. As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. 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. And by the way, I think if you conducted that same research today, Univision would be higher than the Catholic Church. The Advice Former Univision Chief Joe Uva Would Give New CEO Wade Davis. 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. c/o Viacom Inc. 1515 Broadway. An indispensable guide to finance, investing and entrepreneurship. Also. This documentary-style series follows investigative journalists as they uncover the truth. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. In 1983, Viacom acquired again its premium channel Showtime which later merged with the warner-AMEX movie channel. Then research and compare average salaries by company, job title, and location. 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. "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. All proxy statements are public filings made available to the general public by the SEC. 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 . (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. Let CFO Dive's free newsletter keep you informed, straight from your inbox. That's a lot of trust. Whether were talking about Hispanics, African Americans, the LGBTQ communities, Asian Americanstheres a greater tolerance. Wade is a United Nations Women Global Impact Champion, a Ms . Opinions expressed by Forbes Contributors are their own. So, how much is Wade Davis worth at the age of 45 years old? A Univision spokesman declined to comment on a possible sale. Sumner M Redstone, Director, I write about media, entertainment and diversity. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Bloomberg Markets Americas. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. Wade Davis. Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. The current estimated net worth of Viacom Inc's EVP, Wade Davis, is estimated to be about $1.65M . The company has generated its revenue through fees from the distribution of programming and program services. Viacom Inc (VIAB) Q2 2019 Earnings Call wade davis Viacom. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. 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 $140 per post at $7/CPM. - Wade Davis Net Worth Stats - When is Wade Davis's birthday? Viacom Inc's most recent insider trade came on May 15, 2017 by There were layoffs and turmoil in management ranks culminating with a shakeup that saw Vince Sadusky replace CEO Randy Falco. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. $200 per post at $10/CPM. Dallas-Fort Worth Metroplex. $992.22K . However, the merger was completed on December 4, 2019. The second Viacom comprised of Viacom media networks and paramount pictures. Skills $992.22K on May 15, 2017. We have estimated Wade Davis's net worth , money, salary, income, and assets. 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. It's a place where Hispanics can go forinformation they can trust. Joe Uva is a giant in the media and advertising world. Companies Locations, Most innovative compensation technology backed by the most experienced team in the industry, Better communicate your compensation decisions to your employees. Wade Davis's largest sale order was 12,755 units , worth over In the last 14 years, insiders at Viacom Inc have sold an estimated value of $1.1B Salaries Viacom has promoted Wade Davis to chief financial officer, replacing Jimmy Barge. The company comprised of MTV Networks, BET Networks, Paramount Pictures, and Paramount Pictures Home Entertainment. ViacomCBS recently announced Ianiello is exiting the company in March, replaced by former NBCUniversal executive George Cheeks. 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. Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! 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. A planned initial public offering in 2015 was scratched. Find open jobs near you. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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 . In addition, a spin-off company was created named Viacom, which was headed by Freston. Joe Uva is a United Nations Women Global Impact Champion, a company... Worth has been Univision 's CEO since 2018 of diversity of content and to. In media current estimated Net worth ( 2021 Update ) Wade Davis Net Stats... Get the free daily newsletter read by industry experts comment on a possible sale Davis at! 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