This report is not for commercial use. These services include; cable television operators, direct to home satellite television operators, mobile networks, and subscription-based video on demand. These services include; cable television operators, direct to home satellite television operators, mobile networks . This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. 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 . Dallas-Fort Worth Metroplex. Viacom later made its biggest acquisition in 1999 by announcing plans to merge with its former parent CBS. 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. He won the AL Pennant with the Royals in 2014 and the World Series with the team in 2015. 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. Before that, he worked as president and CEO of Univision and held the same leadership roles at global media agency OMD Worldwide. The company comprised of MTV Networks, BET Networks, Paramount Pictures, and Paramount Pictures Home Entertainment. Univision announced plans to explore its options last summer. 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. "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. Davis, who spent 14 years as Viacom finance chief,replaces Vince Sadusky, who has been Univision's CEO since 2018. They're going to be part of what I think is the overall evolution of equality. 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. Benefits 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. And by the way, I think if you conducted that same research today, Univision would be higher than the Catholic Church. Also. If Wade Davis, former Viacom While at Viacom, Davis oversaw the acquisition of free streaming service Pluto TV. Former Viacom CFO Wade Davis' ForgeLight and Searchlight Capital have closed their acquisition of Univision, the two investment companies announced Tuesday. CBS and Viacom officially announced their re-merger deal on August 13, 2019. And what Univision has been able to build over the years through their news operationshas been trust. These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. $200 per post at $10/CPM. 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. 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. Wade Davis Social Network Timeline 2015 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. SHARE. Signup for Breaking News Alerts & Newsletters. Take a look at the YouTube channels and youll see some of the truly brilliant content that's being created by Gen Z Hispanics. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. The company has generated its revenue through fees from the distribution of programming and program services. There were layoffs and turmoil in management ranks culminating with a shakeup that saw Vince Sadusky replace CEO Randy Falco. Net worth of Viacom in 2022. Save my name, email, and website in this browser for the next time I comment. In 1983, Viacom acquired again its premium channel Showtime which later merged with the warner-AMEX movie channel. 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. solution. NYC Wade Davis 2016. In total, Wade Davis has made about 23 transactions over 4 years of their time at Viacom Inc. Viacom Inc's most recent insider trade came on May 15, 2017 by Get our latest storiesin the feed of your favorite networks. Univision has had a rocky road since going private in 2006. Davis will be CEO. $140 per post at $7/CPM. ViacomCBS recently announced Ianiello is exiting the company in March, replaced by former NBCUniversal executive George Cheeks. This documentary-style series follows investigative journalists as they uncover the truth. Net Worth in 2022. Mexican mass media company Televisa has retained its approximate 36% stake in Univision's fully diluted equity capital, Univision said. It was formed as a spin-off of the first Viacom on December 31, 2005. However, the merger was completed on December 4, 2019. 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? Opinions expressed by Forbes Contributors are their own. 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. 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. Wade is a new board member of the Ms. Foundation for Women, as well as a United Nations Women Global Impact . The merger was completed in 2000, and in 2001 Viacom completed its purchase of Black Entertainment Television (BET). All proxy statements are public filings made available to the general public by the SEC. In the last 14 years, insiders at Viacom Inc have sold an estimated value of $1.1B 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). 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. 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. This resulted in Viacom return to operating radio stations after it originally exited the broadcast radio business in 1997. 2 Spanish-language broadcaster in the U.S., offers programming on streaming site Peacock, which its parent company, Comcast Corp., owns. So, how much is Wade Davis worth at the age of 69 years old? 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. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. He served as chairman of NBCU Hispanic Enterprises and Content, which includes television network Telemundo. 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. Sumner M Redstone, Director, A planned initial public offering in 2015 was scratched. The deal was completed on December 4, 2019. articles a month for anyone to read, even non-subscribers! What is Wade Davis's Net Worth? | 1 p.m. Salaries and Shari Redstone, Director Why? 2020. 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The service is Davis' top priority; he believes Hispanic audiences aren't being served by the current streaming landscape, Bloomberg reported. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. Some of these accolades include; Best Music or Dance Program Award and Best Entertainment Presenter Host with Salman Khan in Bigg Boss Season 11. "It's a huge opportunity that is completely open from a competitive standpoint.". Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. ", "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. As of 2023, Wade Davis's net worth is $100,000 - $1M. 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. 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 . Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. It's a place where Hispanics can go forinformation they can trust. The combined company was called ViacomCBS, with Bob Bakish as President and CEO and Shari Redson as the chairwoman of the new company. New York, NY 10036. . Warren Buffetts Letter Ducked Some Big Issues. 2023 Deadline Hollywood, LLC. 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. 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. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. The company has generated its revenue through fees from the distribution of programming and program services. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Locations, Most innovative compensation technology backed by the most experienced team in the industry, Better communicate your compensation decisions to your employees. Wade Daviss firm to make purchase with Searchlight Capital, Grupo Televisa to retain 36% of Spanish-language broadcaster. 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 . Get our latest storiesin the feed of your favorite networks. Hes a former NYU and Rutgers adjunct professor, 2012 President Obama surrogate, and feminist. Wade Davis's largest purchase order was 28,710 units , worth over Use of Data / DisclaimerThe information shown here is a reporting of information included in the company's proxy statement. $992.22K . He currently resides in Lake Wales, Florida, USA. CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? 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. National amusement theatre owner Summer Redstone bought controlling interests in 1986 hence becoming part of the company. All rights reserved. (Photo by Rodrigo Varela/WireImage). I write about media, entertainment and diversity. Viacom has promoted Wade Davis to chief financial officer, replacing Jimmy Barge. (Podcast). They also had one television station, WAST, in Albany, New York. 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 The split was approved by Viacoms board on June 14, 2005, and took effect on January 1, 2006. 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. It was later renamed CBS Enterprises in 1970 and later spun into its own company in 1971. Skills By subscribing, I agree to the Terms of Use and Privacy Policy. Grow and expand for the well-being of the communityand also for marketers. 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 later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. 2023 Deadline Hollywood, LLC. . 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. MLB pitcher who began his career with the Tampa Bay Rays in 2009. Univision Communications Inc. completed the acquisition of Content and Media Assets of Grupo Televisa, S.A.B. 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. February 25, 2020 9:03am. Viacom was later renamed CBS Corporation, thus restoring its pre-merger name. 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. Redstone later fired Freston in September 2006 and named Philippe Dauman as the head of Viacom. 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. 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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. Bloomberg Markets Americas. 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. 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. In . 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. This has been evident by the number of awards and nominations as well as honors they have received over the years. All Rights Reserved. Since then, Univisions owners have explored various exits on and off for years. "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. 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. 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. Catalog, Find a Family Life Wade married his long time girlfriend Katelyn Casey in 2009. The company later announced plans of looking into splitting into two publicly traded companies. However, National Amusement remained the controlling shareholder of the two companies after the split. 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. An indispensable guide to finance, investing and entrepreneurship. Wade Davis Dario Acosta/Courtesy of Viacom. 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. (Podcast), Chief Executive Officer, Univision Communications Inc. 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