Prior to joining Netflix, Wade consulted for Google, P&G,Viacom & Bacardi. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. $992.22K . - Wade Davis Net Worth Stats - When is Wade Davis's birthday? Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. I write about media, entertainment and diversity. However, the companies were to trade under the ownership of national amusements due to stagnating stock price. This resulted in Viacom return to operating radio stations after it originally exited the broadcast radio business in 1997. Industries Viacom later made its biggest acquisition in 1999 by announcing plans to merge with its former parent CBS. Univision Communications Inc. completed the acquisition of Content and Media Assets of Grupo Televisa, S.A.B. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. 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. He is from Canada. . Univision is a truly wonderful collection of assets. 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. Many companies rise up, become famous, and after some time, they collapse. Univision has been privately owned since a $12.7 billion deal in 2007, The Hollywood Reporter wrote. This documentary-style series follows investigative journalists as they uncover the truth. Sumner M Redstone, Director, "It's a huge opportunity that is completely open from a competitive standpoint.". 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 . It will truly be an evolution. 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. 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. They not only understand the tastes of the community, they're the tastemakers. "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. 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. Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. 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 . He won the AL Pennant with the Royals in 2014 and the World Series with the team in 2015. WORTH Published on February 9, 2020 . The industry has been grappling with the structural inequities and systemic failures that have existed in media. Wade Davis. This is the reason why, as a company, they are able to team up together every time. In 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain. In total, Wade Davis has made about 23 transactions over 4 years of their time at Viacom Inc. Wade Davis estimated Net Worth, Biography, Age, Height, Dating, Relationship Records, Salary, Income, Cars, Lifestyles & many more details have been updated below.Let's check, How Rich is Wade Davis in 2019-2020? Find contact's direct phone number, email address, work history, and more. He is from United States. Its a powerful connection to a community that, I guarantee you, none of the other broadcast networks or cable networks havewith the possible exception of the relationship Fox News has with their audience. These services include; cable television operators, direct to home satellite television operators, mobile networks, and subscription-based video on demand. 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. Hispanic millennials and Gen Z Hispanics are much more committed to action. 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What He Should Have Said. 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. Wade Davis usually trades in May, with the busiest year in 2019. We want to hear from you! In 1983, Viacom acquired again its premium channel Showtime which later merged with the warner-AMEX movie channel. Viacom later bought VIVA media AG in 2004, the German equivalent to MTV. 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. Net Worth Comparison Upcoming Birthday Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. 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. Malones Liberty Global had also considered joining the bidding. Dallas-Fort Worth Metroplex. 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. However, National Amusement remained the controlling shareholder of the two companies after the split. The. While at Viacom, Davis oversaw the acquisition of free streaming service Pluto TV. Wade consulted for Google, P&G, Viacom & Bacardi. All Rights Reserved. Wade is a United Nations Women Global Impact Champion, a Ms . 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. 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.. 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? This reversed the Viacom/CBS merger in 1999. c/o Viacom Inc. 1515 Broadway. 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. 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. In the 1970s and 1980s, Viacom was a distributor of CBS television series and also distributed syndicated television programs. And the Catholic Church just barely beat the TV network. CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? The spin-off was structured in a way that CBS Corporation would be the legal successor to first Viacom whiles the second Viacom being a separate company. ", "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. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. 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. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. A Univision spokesperson declined Bloomberg's requests for comment. Searchlight also owns a stake in Liberty Latin America, a company in the orbit of John Malones Liberty Media group. The systems were located in Dayton, San Francisco, Nashville, and Seattle Metropolitan areas. We have estimated Wade Davis's net worth , money, salary, income, and assets. 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. Benefits 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. 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Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. No, I'm just kidding! It's a place where Hispanics can go forinformation they can trust. Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! However, CBS Corporation retained over-the-air broadcasting, television production, pay television subscription service and publishing assets. 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. 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 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. Wade Davis. unless such ownership constitutes a significant portion of your net worth. 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 . This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Id say, put the pedal to the metal and keep doing what you're doing at a faster pace. 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. Former Viacom CFO Wade Davis' ForgeLight and Searchlight Capital have closed their acquisition of Univision, the two investment companies announced Tuesday. 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. document.write(new Date().getFullYear()); Salary.com. Warren Buffetts Letter Ducked Some Big Issues. By subscribing, I agree to the Terms of Use and Privacy Policy. All proxy statements are public filings made available to the general public by the SEC. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. 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. 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. 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. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. Viacom has been greatly honored, and their media networks have highly been appreciated all over the world. The service is Davis' top priority; he believes Hispanic audiences aren't being served by the current streaming landscape, Bloomberg reported. . Sign up for Deadline's Newsletter. Viacom promotes Wade Davis to CFO. Skills Use of Data / DisclaimerThe information shown here is a reporting of information included in the company's proxy statement. A planned initial public offering in 2015 was scratched. However, the merger was completed on December 4, 2019. (Podcast), Chief Executive Officer, Univision Communications Inc. 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 was later renamed CBS Corporation, thus restoring its pre-merger name. Signup for Breaking News Alerts & Newsletters. Joe Uva is a giant in the media and advertising world. $1 Million - $5 Million. 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. Davis will be CEO. SHARE. In all seriousness, I think Wade has a unique opportunity. With your extensive experience in the space, how do you see the Hispanic media and advertising market evolving? Deadline is a part of Penske Media Corporation. 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. WD. In the last 4 years at Viacom Inc, Wade Davis has sold an estimated value of $3.08M worth. Net Worth in 2022. Charles E. Phillips, Jr., Director, The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Net worth of Viacom in 2022. terms in the alphabetic index are listed by, passion conference heresy, Go forinformation they can trust is protected by reCAPTCHA Enterprise and the world series with the structural and. Univision has been greatly honored, and their media networks have highly been appreciated all the! Company in the company heading up strategic planning and M & a and Policy! 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