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. You may also find the annual proxy statement by going directly to the company's website. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. You will be redirected back to your article in, AMC CEO Adam Aron Defends New Sightline Ticket Pricing, Acknowledges Substantial Change To The Status Quo For U.S. Moviegoers, AMC Entertainment Q4 Sales Dip, Losses Widen; CEO Sees 2023 Recovery But Says Shareholders Must Approve Key Cash-Raising Measures, An AI Voice That Sounds Like Ari Emanuel Will Kick Off Endeavor Earnings Call As Company Posts Solid Q4. Signup for Breaking News Alerts & Newsletters. We are excited to be part of this new phase of Univision. 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. He is from United States. Save my name, email, and website in this browser for the next time I comment. In addition, a spin-off company was created named Viacom, which was headed by Freston. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. 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. The value finance leaders bring to operations is varied but they share a forward-looking vision. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Viacom has been greatly honored, and their media networks have highly been appreciated all over the world. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. This is the reason why, as a company, they are able to team up together every time. Viacom bought independently-run Dutch music video channel TMF in 2002, which at the time was broadcasting in Belgium and the Netherlands. The Advice Former Univision Chief Joe Uva Would Give New CEO Wade Davis. By subscribing, I agree to the Terms of Use and Privacy Policy. 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. 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. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. The deal was completed on December 4, 2019. Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. 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. In 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain. unless such ownership constitutes a significant portion of your net worth. 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. 2 Spanish-language broadcaster in the U.S., offers programming on streaming site Peacock, which its parent company, Comcast Corp., owns. 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Viacom later made its biggest acquisition in 1999 by announcing plans to merge with its former parent CBS. They not only understand the tastes of the community, they're the tastemakers. Benefits However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. As of 2023, Wade Davis's net worth is $100,000 - $1M. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. WD. 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. 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. This article is more than 2 years old. 2020. My advice to Wade would be to leverage that as much as he can. Viacom operated several cable television systems from its formation in 1995. Southwest Airlines, +4 more Send us a tip using our annonymous form. Univision Communications Inc. plans to launch a streaming service this year. Hes a former NYU and Rutgers adjunct professor, 2012 President Obama surrogate, and feminist. Wade Davis owns about 42,424 units of Viacom Inc common stock. 2023 Deadline Hollywood, LLC. 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. They also had one television station, WAST, in Albany, New York. Getty Images. Find out what you should earn with a customized salary estimate and negotiate with confidence. 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 . February 25, 2020 9:03am. So, how much is Wade Davis worth at the age of 69 years old? Davis will be CEO. He is from Canada. 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. Univision Communications Inc. completed the acquisition of Content and Media Assets of Grupo Televisa, S.A.B. It operated approximately 170 networks and reached approximately 700 million subscribers in 160 countries and growing. Insider trading is most common in May, with the busiest year in 2005. Find open jobs near you. Wade Davis. Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. Wade Davis Dario Acosta/Courtesy of Viacom. 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. Viacoms first broadcast-station acquisition was in 1978 when the company bought WHNB-TV in new Britain, Connecticut changing its call letters to WVIT. Viacom became a mass media company rather than simply a distribution company. 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. Id say, put the pedal to the metal and keep doing what you're doing at a faster pace. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. A Univision spokesman declined to comment on a possible sale. These services include; cable television operators, direct to home satellite television operators, mobile networks . Univision has had a rocky road since going private in 2006. 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. Wade Davis was born in Lake Wales, Florida in September. 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.. document.write(new Date().getFullYear()); Salary.com. Get our latest storiesin the feed of your favorite networks. That's a lot of trust. In total, Wade Davis has made about 23 transactions over 4 years of their time at Viacom Inc. 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. 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 company comprised of MTV Networks, BET Networks, Paramount Pictures, and Paramount Pictures Home Entertainment. Viacom Inc (VIAB) Q2 2019 Earnings Call wade davis Viacom. 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. (Photo by Rodrigo Varela/WireImage). 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. Many companies rise up, become famous, and after some time, they collapse. Joe Uva is a giant in the media . Viacom Inc's most recent insider trade came on May 15, 2017 by Grow and expand for the well-being of the communityand also for marketers. 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ViacomCBS recently announced Ianiello is exiting the company in March, replaced by former NBCUniversal executive George Cheeks. 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. There's also an expectation, and I think Hispanic millennials and Gen Z Hispanics hold the key to bringing the country together. Univision has advantages in the news, but Telemundo is winning in digital. 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. Before that, he worked as president and CEO of Univision and held the same leadership roles at global media agency OMD Worldwide. 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. View Wade Davis's business profile as Chief Executive Officer at TelevisaUnivision. 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. $4.8 Million Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. Viacom Inc. (Video & Audio Communications) was an American multinational mass media conglomerate with interests primarily in film and television. However, CBS Corporation retained over-the-air broadcasting, television production, pay television subscription service and publishing assets. Get our latest storiesin the feed of your favorite networks. Before joining Netflix, Wade consulted for Google, P&G, Viacom & Bacardi. Sumner M Redstone, Director, $1 Million - $5 Million. Univision announced plans to explore its options last summer. Theyre extraordinarily creative and I think theyve found a voicefor themselves. Mexicos Grupo Televisa SAB, the companys longtime partner, will retain its 36% stake in Univision. Whether were talking about Hispanics, African Americans, the LGBTQ communities, Asian Americanstheres a greater tolerance. 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. 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. The most active traders at the company are And what Univision has been able to build over the years through their news operationshas been trust. This has been evident by the number of awards and nominations as well as honors they have received over the years. I think Telemundo has done a remarkable job in terms of diversity of content and appealing to a younger Latinx Gen Z audience. Deadline is a part of Penske Media Corporation. CBS and Viacom officially announced their re-merger deal on August 13, 2019. Companies 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. Salary in 2022. Later in 1987, Viacom bought MTV networks, which owned MTV and Nickelodeon. solution. 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. That it will cost him $1,000 an hour. Send us a tip using our annonymous form. Prior to joining Netflix, Wade consulted for Google, P&G,Viacom & Bacardi. $992.22K on May 15, 2017. We are excited to be part of this new phase of Univision. He won the AL Pennant with the Royals in 2014 and the World Series with the team in 2015. And the Catholic Church just barely beat the TV network. Bloomberg Markets Americas. Viacom began as CBS films the syndication division of the CBS television network in 1952. Charles E. Phillips, Jr., Director, 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. 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. Mexican mass media company Televisa has retained its approximate 36% stake in Univision's fully diluted equity capital, Univision said. This reversed the Viacom/CBS merger in 1999. Viacom Net Worth. . Business. Why? Salaries 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. 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. Wade Davis's income source is mostly from being a successful . Viacom later bought VIVA media AG in 2004, the German equivalent to MTV. 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 broadcaster or take it public. However, National Amusement remained the controlling shareholder of the two companies after the split. Althoughthe company has suffered several challenges, it has maintained its focus and delivered its services all the time. Wade Davis Net Worth (2021 Update) Wade Davis and Searchlight Capital Partners. 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 (born September 7, 1985) is famous for being baseball player. Use of Data / DisclaimerThe information shown here is a reporting of information included in the company's proxy statement. 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. (Podcast). Job, Small It's a place where Hispanics can go forinformation they can trust. Stay competitive with the world's most innovative compensation software A Univision spokesperson declined Bloomberg's requests for comment. 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. 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And by the way, I think if you conducted that same research today, Univision would be higher than the Catholic Church. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. 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. We have estimated Wade Davis's net worth , money, salary, income, and assets. and bought an estimated value of $107.56M worth of shares. 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. 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. 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. This interview has been edited for brevity and clarity. 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. ", 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.". These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. Wade Davis's largest sale order was 12,755 units , worth over If Wade Davis, former Viacom However, the merger was completed on December 4, 2019. 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. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. The company has generated its revenue through fees from the distribution of programming and program services. SHARE. For the latest news, follow us on Facebook, Twitter, and Instagram. This report is not for commercial use. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. I write about media, entertainment and diversity. 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. Wade Davis's largest purchase order was 28,710 units , worth over (BMV:TLEVISA CPO) for approximately $5.2 billion. 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