Before that, he worked as president and CEO of Univision and held the same leadership roles at global media agency OMD Worldwide. Wade Davis Net Worth (2021 Update) Wade Davis and Searchlight Capital Partners. The merger was completed in 2000, and in 2001 Viacom completed its purchase of Black Entertainment Television (BET). The $13.7 billion deal included the assumption of the companys $1.4 billion in debt. As of August 2022, Viacom is estimated to have a net worth of $15 billion. . Its investors, including Saban Capital Group, Madison Dearborn Partners and Providence Equity Partners, had long been seeking an exit and, before the coronavirus pandemic sent markets into a tailspin, considered an IPO. "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. Find open jobs near you. Univision has had a rocky road since going private in 2006. We are excited to be part of this new phase of Univision. 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. A Broadcasting & Cable Hall of Fame honoree, Uva now runs Gull Point Advisors and is the non-executive board chair for Revolver Podcasts. An indispensable guide to finance, investing and entrepreneurship. Directory List Lowercase 2.3 Big | PDF | Internet Forum . 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. Use of Data / DisclaimerThe information shown here is a reporting of information included in the company's proxy statement. 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. The. Univision is a truly wonderful collection of assets. Viacoms first broadcast-station acquisition was in 1978 when the company bought WHNB-TV in new Britain, Connecticut changing its call letters to WVIT. These services include; cable television operators, direct to home satellite television operators, mobile networks . Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. And what Univision has been able to build over the years through their news operationshas been trust. Benefits - Wade Davis Net Worth Stats - When is Wade Davis's birthday? 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. 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 are excited to be part of this new phase of Univision. Net Worth Comparison Upcoming Birthday Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Univision Communications Inc. completed the acquisition of Content and Media Assets of Grupo Televisa, S.A.B. National amusement theatre owner Summer Redstone bought controlling interests in 1986 hence becoming part of the company. 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. We have estimated Wade Davis's net worth , money, salary, income, and assets. February 25, 2020 9:03am. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. | 1 p.m. These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. MLB pitcher who began his career with the Tampa Bay Rays in 2009. The combined company was called ViacomCBS, with Bob Bakish as President and CEO and Shari Redson as the chairwoman of the new company. 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. Malones Liberty Global had also considered joining the bidding. 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. We want to hear from you! You may also find the annual proxy statement by going directly to the company's website. ", 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.". Searchlight also owns a stake in Liberty Latin America, a company in the orbit of John Malones Liberty Media group. Family Life Wade married his long time girlfriend Katelyn Casey in 2009. He was previously a media and tech investment banker. The second Viacom comprised of Viacom media networks and paramount pictures. A Univision spokesperson declined Bloomberg's requests for comment. In 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain. These services include; cable television operators, direct to home satellite television operators, mobile networks, and subscription-based video on demand. Mexicos Grupo Televisa SAB, the companys longtime partner, will retain its 36% stake in Univision. I write about media, entertainment and diversity. 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. 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. Wade Davis owns about 42,424 units of Viacom Inc common stock. Bloomberg Markets Americas. 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. The Advice Former Univision Chief Joe Uva Would Give New CEO Wade Davis. Wade consulted for Google, P&G, Viacom & Bacardi. Wade Davis was born in Lake Wales, Florida in September. . 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 . There are 100+ professionals named "Wade Davis", who use LinkedIn to exchange information, ideas, and opportunities. and bought an estimated value of $107.56M worth of shares. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. 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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 systems were located in Dayton, San Francisco, Nashville, and Seattle Metropolitan areas. Many companies rise up, become famous, and after some time, they collapse. Thorough reviews have been conducted to assure this data accurately reflects disclosures. It will truly be an evolution. Streaming has been a mainstay of Davis' career. Its a huge opportunity that is completely open from a competitive standpoint.. Find out what you should earn with a customized salary estimate and negotiate with confidence. 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.. This interview has been edited for brevity and clarity. 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. HOUSTON - NOVEMBER 12: (L-R) CEO of Univision Joe, Uva poses with celebrities Andy Garcia and Emilio Estefan at the 9th Annual Latin GRAMMY Awards Person Of The Year honoring Gloria Estefan held at the George R. Brown Convention Center on November 12, 2008 in Houston, Texas. The industry has been grappling with the structural inequities and systemic failures that have existed in media. Mexican mass media company Televisa has retained its approximate 36% stake in Univision's fully diluted equity capital, Univision said. $4.8 Million Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. 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). Viacom later made its biggest acquisition in 1999 by announcing plans to merge with its former parent CBS. 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. 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. 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. $859.03K on June 22, 2015. Joe Uva is a giant in the media . Davis will be CEO. My advice to Wade would be to leverage that as much as he can. 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. In the last 4 years at Viacom Inc, Wade Davis has sold an estimated value of $3.08M worth. CBS and Viacom officially announced their re-merger deal on August 13, 2019. There were layoffs and turmoil in management ranks culminating with a shakeup that saw Vince Sadusky replace CEO Randy Falco. Wade Davis Dario Acosta/Courtesy of Viacom. 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. A Univision spokesman declined to comment on a possible sale. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Skills Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. "It's a huge opportunity that is completely open from a competitive standpoint.". (Photo by Rodrigo Varela/WireImage). Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. 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. This is a pivotal moment in Univisions rich history, he said in a statement. Southwest Airlines, +4 more This is a pivotal moment in Univisions rich history, he said in a statement. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. All rights reserved. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Dallas-Fort Worth Metroplex. 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. Viacom Inc's most recent insider trade came on May 15, 2017 by Id say, put the pedal to the metal and keep doing what you're doing at a faster pace. I write about media, entertainment and diversity. I remember research about Univision that said, among U.S. Hispanics, Univision was the most trusted institution, except for the Catholic Church. But more important than the breadth and scope of work, is what Univision has represented to the US Hispanic community. VIAB 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. Its a remarkable position. Betweenintergenerational differences and specific skillsets, CFOs need to get a handle on how FP&A execs operate. New York, NY 10036. . 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. What He Should Have Said. Business. Take a look at the YouTube channels and youll see some of the truly brilliant content that's being created by Gen Z Hispanics. Get our latest storiesin the feed of your favorite networks. All Rights Reserved. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. Warren Buffetts Letter Ducked Some Big Issues. 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. Industries Viacom was also up for four nominations following its national wins. In all seriousness, I think Wade has a unique opportunity. 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. The company bought WHNB-TV in new Britain, Connecticut changing its call letters WVIT. ' career ; cable television operators, direct to home satellite television operators, direct to satellite. And Searchlight Capital Partners to comment on a possible sale the last 4 years at (. 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