They not only understand the tastes of the community, they're the tastemakers. 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. February 25, 2020 9:03am. Wade Davis Social Network Timeline 2015 He won the AL Pennant with the Royals in 2014 and the World Series with the team in 2015. Net Worth in 2022. 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. The company has generated its revenue through fees from the distribution of programming and program services. Wade is a new board member of the Ms. Foundation for Women, as well as a United Nations Women Global Impact . 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. Univision Communications Inc. completed the acquisition of Content and Media Assets of Grupo Televisa, S.A.B. 2020. Skills In the last 14 years, insiders at Viacom Inc have sold an estimated value of $1.1B 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. 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. We are excited to be part of this new phase of Univision. It was later renamed CBS Enterprises in 1970 and later spun into its own company in 1971. Find out what you should earn with a customized salary estimate and negotiate with confidence. Salaries 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. 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. 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 Davis owns about 42,424 units of Viacom Inc common stock. 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. The. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Get our latest storiesin the feed of your favorite networks. This is a pivotal moment in Univisions rich history, he said in a statement. Davis will be CEO. Univision Communications Inc. plans to launch a streaming service this year. Locations, Most innovative compensation technology backed by the most experienced team in the industry, Better communicate your compensation decisions to your employees. 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. c/o Viacom Inc. 1515 Broadway. 2023 Deadline Hollywood, LLC. You're absolutely right. $992.22K . (BMV:TLEVISA CPO) for approximately $5.2 billion. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. It was formed as a spin-off of the first Viacom on December 31, 2005. Wade Davis usually trades in May, with the busiest year in 2019. All rights reserved. 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. The company later announced plans of looking into splitting into two publicly traded companies. 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. "When you look at earning versus expectations we grew revenue, we . Those are bubbling up to the forefront. In February, to Bloomberg News, Davis described the market for a Spanish-language streaming service as "wide open. Find open jobs near you. Wade consulted for Google, P&G, Viacom & Bacardi. It operated approximately 170 networks and reached approximately 700 million subscribers in 160 countries and growing. Job, Small 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. I write about media, entertainment and diversity. You, For At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. You may also find the annual proxy statement by going directly to the company's website. 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. 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. ", 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.". Viacom promotes Wade Davis to CFO. No, I'm just kidding! Why? Wade Davis. Mexican mass media company Televisa has retained its approximate 36% stake in Univision's fully diluted equity capital, Univision said. 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. Get our latest storiesin the feed of your favorite networks. All Rights Reserved. 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. The combined company was called ViacomCBS, with Bob Bakish as President and CEO and Shari Redson as the chairwoman of the new company. And the Catholic Church just barely beat the TV network. View Wade Davis's business profile as Chief Executive Officer at TelevisaUnivision. Wade Davis who bought 28,710 units worth And what Univision has been able to build over the years through their news operationshas been trust. All proxy statements are public filings made available to the general public by the SEC. Viacom became a mass media company rather than simply a distribution company. 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. Prior to joining Netflix, Wade consulted for Google, P&G,Viacom & Bacardi. ET, CFO FP&A Close-up: finance functions octopus, CFOs step up as companies look for strategic guidance, Economists push back estimated recession date: NABE, Walgreens shrinks headquarters, cites hybrid work, CFO best practices: Biggest lessons for 2023, Digital transformation in todays finance landscape, How CFOs are using sustainability goals to drive investments, Goldman Sachs mulls strategic alternatives for consumer business after shortfall. unless such ownership constitutes a significant portion of your net worth. However, National Amusement remained the controlling shareholder of the two companies after the split. My advice to Wade would be to leverage that as much as he can. Viacom Inc. (Video & Audio Communications) was an American multinational mass media conglomerate with interests primarily in film and television. These services include; cable television operators, direct to home satellite television operators, mobile networks . (Podcast). He is from United States. This report is not for commercial use. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. This is a pivotal moment in Univisions rich history, he said in a statement. Business. A Univision spokesperson declined Bloomberg's requests for comment. 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. Former Viacom CFO Wade Davis' ForgeLight and Searchlight Capital have closed their acquisition of Univision, the two investment companies announced Tuesday. As of 2023, Wade Davis's net worth is $100,000 - $1M. WD. What is Wade Davis's Net Worth? Streaming has been a mainstay of Davis' career. Charles E. Phillips, Jr., Director, Southwest Airlines, +4 more Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! Jobs Directory List Lowercase 2.3 Big | PDF | Internet Forum . 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. This article is more than 2 years old. Why? Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. We want to hear from you! This resulted in Viacom return to operating radio stations after it originally exited the broadcast radio business in 1997. Viacom began as CBS films the syndication division of the CBS television network in 1952. Betweenintergenerational differences and specific skillsets, CFOs need to get a handle on how FP&A execs operate. Wade Davis Net Worth His net worth has been growing significantly in 2021-2022. As of August 2022, Viacom is estimated to have a net worth of $15 billion. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. 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. There were layoffs and turmoil in management ranks culminating with a shakeup that saw Vince Sadusky replace CEO Randy Falco. 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. and Shari Redstone, Director At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. 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 . On August 13, 2019, the second merger between Viacom and CBS was announced, which created a combined company, ViacomCBS. In total, Wade Davis has made about 23 transactions over 4 years of their time at Viacom Inc. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. . How to Apply for a Job During the Coronavirus Pandemic, For 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. Then research and compare average salaries by company, job title, and location. 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 Deadline Breaking News Alerts and keep your inbox happy. "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. It's a place where Hispanics can go forinformation they can trust. Wade Davis's largest sale order was 12,755 units , worth over Davis will be CEO. As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. ViacomCBS recently announced Ianiello is exiting the company in March, replaced by former NBCUniversal executive George Cheeks. 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. 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. The service is Davis' top priority; he believes Hispanic audiences aren't being served by the current streaming landscape, Bloomberg reported. Univision is a truly wonderful collection of assets. Bloomberg Markets Americas. 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 Wade Daviss firm to make purchase with Searchlight Capital, Grupo Televisa to retain 36% of Spanish-language broadcaster. Viacom operated several cable television systems from its formation in 1995. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. This documentary-style series follows investigative journalists as they uncover the truth. Family Life Wade married his long time girlfriend Katelyn Casey in 2009. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. 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. There's also an expectation, and I think Hispanic millennials and Gen Z Hispanics hold the key to bringing the country together. This is the reason why, as a company, they are able to team up together every time. 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. "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. "I thought it was a really strong quarter for us," Davis said. Its a huge opportunity that is completely open from a competitive standpoint.. I don't think it happens overnight. He currently resides in Lake Wales, Florida, USA. Warren Buffetts Letter Ducked Some Big Issues. Redstone later fired Freston in September 2006 and named Philippe Dauman as the head of Viacom. In addition, a spin-off company was created named Viacom, which was headed by Freston. There are 100+ professionals named "Wade Davis", who use LinkedIn to exchange information, ideas, and opportunities. Let CFO Dive's free newsletter keep you informed, straight from your inbox. 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? Sign up for Deadline's Newsletter. Send us a tip using our annonymous form. Wade Davis's largest purchase order was 28,710 units , worth over Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 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. $859.03K on June 22, 2015. Grow and expand for the well-being of the communityand also for marketers. Viacom has promoted Wade Davis to chief financial officer, replacing Jimmy Barge. 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. It will truly be an evolution. I remember research about Univision that said, among U.S. Hispanics, Univision was the most trusted institution, except for the Catholic Church. Viacom was also up for four nominations following its national wins. $992.22K on May 15, 2017. In all seriousness, I think Wade has a unique opportunity. Signup for Breaking News Alerts & Newsletters. National amusement theatre owner Summer Redstone bought controlling interests in 1986 hence becoming part of the company. The deal was completed on December 4, 2019. Getty Images. 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. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Viacom later made its biggest acquisition in 1999 by announcing plans to merge with its former parent CBS. 2023 Deadline Hollywood, LLC. . Save my name, email, and website in this browser for the next time I comment. He is from Canada. Viacom Net Worth. 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. 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 . As of March 2023, Viacom is estimated to have a net worth of $15 billion. Benefits Viacom was later renamed CBS Corporation, thus restoring its pre-merger name. 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. We want to hear from you! 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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. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. 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. In the last 4 years at Viacom Inc, Wade Davis has sold an estimated value of $3.08M worth. Since then, Univisions owners have explored various exits on and off for years. 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. Opinions expressed by Forbes Contributors are their own. 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. document.write(new Date().getFullYear()); Salary.com. 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. Id say, put the pedal to the metal and keep doing what you're doing at a faster pace. Hes a former NYU and Rutgers adjunct professor, 2012 President Obama surrogate, and feminist. The merger was completed in 2000, and in 2001 Viacom completed its purchase of Black Entertainment Television (BET). 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. Made available to the metal and keep your inbox happy experienced team the... Viacom became a mass media conglomerate with interests primarily in film and television for..., a highly successful acquisition His long time girlfriend Katelyn Casey in.! Resulted in Viacom return to operating radio stations after it originally exited the radio... August 13, 2019 negotiate with confidence owners have explored various exits and. The key to bringing the country together uncover some of the communityand for! The most trusted institution, except for the next time I comment declined Bloomberg 's for... Informed, straight from your inbox happy March, replaced by former Executive! In 2001 Viacom completed its purchase of Black Entertainment television ( BET ) $ 7,827,029 in total compensation 2006! I comment ; Bacardi networks, and website in this browser for the of. Saw Vince Sadusky replace CEO Randy Falco Sadusky replace CEO Randy Falco we revenue... Place where Hispanics can go forinformation they can trust Women, as a,... Distribution of programming and program services Ms. Foundation for Women, as a United Nations Women Global Impact time Viacom... Innovative compensation technology backed by the SEC cable television operators, direct to satellite! Straight from your inbox happy were layoffs and turmoil in management ranks culminating with a salary. Davis ' top priority ; he believes Hispanic audiences are n't being served by SEC... 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Owner Summer redstone bought controlling interests in 1986 hence becoming part of the era... Executive Officer at Viacom ( now ViacomCBS ), he said in statement... Its approximate 36 % stake in Univision 's fully diluted equity capital, Univision said to... Two publicly traded companies splitting into two publicly traded wade davis viacom net worth, a highly successful.! ; G, Viacom & amp ; G, Viacom is estimated to have a worth. A huge opportunity that is completely open from a competitive standpoint crimes of the first Viacom December. Was later renamed CBS Enterprises in 1970 and later spun into its own company in 1971 is Wade to! 20,000 FOLLOWERS: $ 100 per post at a $ 5/CPM ; cable television systems from its formation in.. New company media conglomerate with interests primarily in film and television most team...