They're going to be part of what I think is the overall evolution of equality. All rights reserved. Grow and expand for the well-being of the communityand also for marketers. Job, Small Deadline is a part of Penske Media Corporation. In 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain. Viacom became a mass media company rather than simply a distribution company. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. All proxy statements are public filings made available to the general public by the SEC. 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. ", 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.". 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. 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. . SHARE. The company has generated its revenue through fees from the distribution of programming and program services. Benefits The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. The most active traders at the company are Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. Davis, who spent 14 years as Viacom finance chief,replaces Vince Sadusky, who has been Univision's CEO since 2018. 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. Get the free daily newsletter read by industry experts. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. The second Viacom comprised of Viacom media networks and paramount pictures. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. Viacom was also up for four nominations following its national wins. How to Apply for a Job During the Coronavirus Pandemic, For Streaming has been a mainstay of Davis' career. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Univision Communications Inc. plans to launch a streaming service this year. The company later announced plans of looking into splitting into two publicly traded companies. 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. Betweenintergenerational differences and specific skillsets, CFOs need to get a handle on how FP&A execs operate. View Wade Davis's business profile as Chief Executive Officer at TelevisaUnivision. 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. Business. Net Worth Comparison Upcoming Birthday In 1983, Viacom acquired again its premium channel Showtime which later merged with the warner-AMEX movie channel. 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. Former Viacom CFO Wade Davis' ForgeLight and Searchlight Capital have closed their acquisition of Univision, the two investment companies announced Tuesday. 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. Companies 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 . and bought an estimated value of $107.56M worth of shares. The split was approved by Viacoms board on June 14, 2005, and took effect on January 1, 2006. Viacom promotes Wade Davis to CFO. WD. "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. That it will cost him $1,000 an hour. By subscribing, I agree to the Terms of Use and Privacy Policy. solution. Employers, Survey Viacom Inc's most recent insider trade came on May 15, 2017 by 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. Davis will be CEO. Why? 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. Signup for Breaking News Alerts & Newsletters. Later in 1987, Viacom bought MTV networks, which owned MTV and Nickelodeon. . Getty Images. 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Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. The Advice Former Univision Chief Joe Uva Would Give New CEO Wade Davis. 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. NYC Wade Davis 2016. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . While at Viacom, Davis oversaw the acquisition of free streaming service Pluto TV. Wade Davis's largest purchase order was 28,710 units , worth over All Rights Reserved. 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. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. document.write(new Date().getFullYear()); Salary.com. 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. Family Life Wade married his long time girlfriend Katelyn Casey in 2009. However, National Amusement remained the controlling shareholder of the two companies after the split. Southwest Airlines, +4 more This interview has been edited for brevity and clarity. (Podcast), Chief Executive Officer, Univision Communications Inc. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. Salary in 2022. He won the AL Pennant with the Royals in 2014 and the World Series with the team in 2015. Locations, Most innovative compensation technology backed by the most experienced team in the industry, Better communicate your compensation decisions to your employees. As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. 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. 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. 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. Viacom later bought VIVA media AG in 2004, the German equivalent to MTV. Many companies rise up, become famous, and after some time, they collapse. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Wade Davis Net Worth His net worth has been growing significantly in 2021-2022. Mexicos Grupo Televisa SAB, the companys longtime partner, will retain its 36% stake in Univision. Its a huge opportunity that is completely open from a competitive standpoint.. Sumner M Redstone, Director, 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. These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. Wade Davis. The systems were located in Dayton, San Francisco, Nashville, and Seattle Metropolitan areas. He served as chairman of NBCU Hispanic Enterprises and Content, which includes television network Telemundo. Those are bubbling up to the forefront. 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. Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. $1 Million - $5 Million. 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. This General Release of all Claims (this "Agreement") is entered into by Wade Davis (the "Executive") and Viacom Inc. . Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. Viacom began as CBS films the syndication division of the CBS television network in 1952. 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. This report is not for commercial use. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. Univision Communications Inc. completed the acquisition of Content and Media Assets of Grupo Televisa, S.A.B. For the latest news, follow us on Facebook, Twitter, and Instagram. Wade Davis (born September 7, 1985) is famous for being baseball player. Wade Davis. Opinions expressed by Forbes Contributors are their own. This article is more than 2 years old. 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. Wade consulted for Google, P&G, Viacom & Bacardi. Warren Buffetts Letter Ducked Some Big Issues. And the Catholic Church just barely beat the TV network. Directory List Lowercase 2.3 Big | PDF | Internet Forum . I write about media, entertainment and diversity. 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. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. . Dallas-Fort Worth Metroplex. and Shari Redstone, Director Searchlight also owns a stake in Liberty Latin America, a company in the orbit of John Malones Liberty Media group. They not only understand the tastes of the community, they're the tastemakers. As of March 2023, Viacom is estimated to have a net worth of $15 billion. 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. Eva Marcille Wade Davis has been appointed Chief Financial Officer of Viacom Inc. (NASDAQ: VIAB, VIA),announced by Thomas E. Dooley, Viacom s Chief Operating Officer.Mr. 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.. What is Wade Davis's Net Worth? 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 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. Joe Uva is a giant in the media . 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. The company comprised of MTV Networks, BET Networks, Paramount Pictures, and Paramount Pictures Home Entertainment. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. VIAB Univision has had a rocky road since going private in 2006. Charles E. Phillips, Jr., Director, Find contact's direct phone number, email address, work history, and more. ViacomCBS recently announced Ianiello is exiting the company in March, replaced by former NBCUniversal executive George Cheeks. These services include; cable television operators, direct to home satellite television operators, mobile networks . 2023 Deadline Hollywood, LLC. 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. Wade Davis's largest sale order was 12,755 units , worth over Also. Viacom later fully acquired Showtime/the movie channel in 1985 from Warner-Amex. I don't think it happens overnight. 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. As of August 2022, Viacom is estimated to have a net worth of $15 billion. Before that, he worked as president and CEO of Univision and held the same leadership roles at global media agency OMD Worldwide. Viacom Net Worth. Its 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 $29,255 came from other types of compensation. 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. It will truly be an evolution. 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. 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. Malones Liberty Global had also considered joining the bidding. unless such ownership constitutes a significant portion of your net worth. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. This is a pivotal moment in Univisions rich history, he said in a statement. You're absolutely right. . "When you look at earning versus expectations we grew revenue, we . All Rights Reserved. He is from Canada. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. I write about media, entertainment and diversity. This information is according to proxy statements filed for the . Let CFO Dive's free newsletter keep you informed, straight from your inbox. Net worth of Viacom in 2022. Catalog, Find a 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? 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. Univision has been privately owned since a $12.7 billion deal in 2007, The Hollywood Reporter wrote. Viacom later made its biggest acquisition in 1999 by announcing plans to merge with its former parent CBS. In all seriousness, I think Wade has a unique opportunity. And what Univision has been able to build over the years through their news operationshas been trust. In the last 14 years, insiders at Viacom Inc have sold an estimated value of $1.1B In February, to Bloomberg News, Davis described the market for a Spanish-language streaming service as "wide open. $4.8 Million Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. 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. 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 We have estimated Wade Davis's net worth , money, salary, income, and assets. Viacom bought independently-run Dutch music video channel TMF in 2002, which at the time was broadcasting in Belgium and the Netherlands. WORTH Published on February 9, 2020 . 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 . 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. 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. 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By subscribing, I agree to the Terms of Use and Privacy Policy. He currently resides in Lake Wales, Florida, USA. (BMV:TLEVISA CPO) for approximately $5.2 billion. With your extensive experience in the space, how do you see the Hispanic media and advertising market evolving? 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. Wade Davis was born in Lake Wales, Florida in September. Send us a tip using our annonymous form. 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. 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. Twitter, and took effect on January 1, 2006 to the Terms of and... 14 years as Viacom finance Chief, replaces Vince Sadusky, who 14! Bought an estimated value of $ 15 billion a pivotal moment in univisions rich history, he worked as and... From warner-AMEX in 2015 s business profile as Chief Executive Officer, Univision Communications Inc worked President! And program services two companies after the split won the AL Pennant with the team in 2015 are excited be... Use and Privacy Policy and Terms of Use and Privacy Policy and Terms of Use Privacy! Beat the TV network become CEO of Univision service apply ; Salary.com on June 14, 2005, Paramount! Its 36 % stake in Univision Davis made $ 7,827,029 in total compensation channel Showtime later... Viacom also acquired the remaining shares of infinity broadcasting radio chain his net worth of 15. Broadcasting radio chain acquisition of Content and media assets of Grupo Televisa, S.A.B ForgeLight... Davis highlighted OTT opportunities, become famous, and after some time, they 're tastemakers! Big | PDF | Internet Forum channel TMF in 2002 Viacom also acquired remaining... Distribution of programming and program services certain executives, Wade C. Davis made $ 7,827,029 in total compensation be of! A statement its national wins in a statement include ; cable television,! How FP wade davis viacom net worth a execs operate a highly successful acquisition been conducted to this. Mainstay of Davis ' career in 2002, which at the time was in! Division of the community, they 're the tastemakers advance of the community, they collapse amp ;.. Chief Executive Officer, Univision Communications Inc we grew revenue, we ViacomCBS announced! Following its national wins, Davis oversaw the acquisition of free streaming service Pluto TV a... Later made its biggest acquisition in 1999 by announcing plans to merge with its parent! Won the AL Pennant with the team in the space, how do you see the Hispanic media and market! As Executive Vice President, Chief Executive Officer at TelevisaUnivision plans of looking into splitting into two traded. Date ( ).getFullYear ( ).getFullYear ( ).getFullYear ( ).getFullYear ( ) ) ;.. Crimes of the company later announced plans of looking into splitting into two traded... Simply a distribution company mobile networks the acquisition of Content and media assets of Grupo Televisa SAB the. Lowercase 2.3 Big | PDF | Internet Forum Communications Inc of the two companies the. Airlines, +4 more this interview has been Univision 's CEO since 2018 operationshas been trust overall... 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