All Rights Reserved. 2023 Deadline Hollywood, LLC. As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. 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 split was approved by Viacoms board on June 14, 2005, and took effect on January 1, 2006. Wade Davis's largest purchase order was 28,710 units , worth over Viacom Inc. (Video & Audio Communications) was an American multinational mass media conglomerate with interests primarily in film and television. A planned initial public offering in 2015 was scratched. 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 industry has been grappling with the structural inequities and systemic failures that have existed in media. Id say, put the pedal to the metal and keep doing what you're doing at a faster pace. c/o Viacom Inc. 1515 Broadway. By subscribing, I agree to the Terms of Use and Privacy Policy. My advice to Wade would be to leverage that as much as he can. View Wade Davis's business profile as Chief Executive Officer at TelevisaUnivision. It operated approximately 170 networks and reached approximately 700 million subscribers in 160 countries and growing. $4.8 Million Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. In all seriousness, I think Wade has a unique opportunity. ", 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.". I write about media, entertainment and diversity. They also had one television station, WAST, in Albany, New York. Viacom Net Worth. 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. Ratings suffered from shifts in the television landscape and competition from rival Telemundo. 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. CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? As of 2023, Wade Davis's net worth is $100,000 - $1M. The service is Davis' top priority; he believes Hispanic audiences aren't being served by the current streaming landscape, Bloomberg reported. This has been evident by the number of awards and nominations as well as honors they have received over the years. document.write(new Date().getFullYear()); Salary.com. This information is according to proxy statements filed for the . 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. . Companies Mexicos Grupo Televisa SAB, the companys longtime partner, will retain its 36% stake in Univision. Davis, who spent 14 years as Viacom finance chief,replaces Vince Sadusky, who has been Univision's CEO since 2018. Univision Communications Inc. plans to launch a streaming service this year. The company has generated its revenue through fees from the distribution of programming and program services. 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. 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. So, how much is Wade Davis worth at the age of 69 years old? Grow and expand for the well-being of the communityand also for marketers. 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. 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. The current estimated net worth of Viacom Inc's EVP, Wade Davis, is estimated to be about $1.65M . Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! 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. 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. Viacom bought independently-run Dutch music video channel TMF in 2002, which at the time was broadcasting in Belgium and the Netherlands. Business. "When you look at earning versus expectations we grew revenue, we . Univision Communications Inc. completed the acquisition of Content and Media Assets of Grupo Televisa, S.A.B. Viacom later made its biggest acquisition in 1999 by announcing plans to merge with its former parent CBS. If Wade Davis, former 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. 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. 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. Wade Davis Social Network Timeline 2015 Since then, Univisions owners have explored various exits on and off for years. WD. And the Catholic Church just barely beat the TV network. Viacom operated several cable television systems from its formation in 1995. You, For And by the way, I think if you conducted that same research today, Univision would be higher than the Catholic Church. We want to hear from you! 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. Opinions expressed by Forbes Contributors are their own. 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? 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. Find contact's direct phone number, email address, work history, and more. No, I'm just kidding! 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. So, how much is Wade Davis worth at the age of 45 years old? Wade Davis Dario Acosta/Courtesy of Viacom. Employers, Survey For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Univision is a truly wonderful collection of assets. He served as chairman of NBCU Hispanic Enterprises and Content, which includes television network Telemundo. 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. These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. 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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. This is the reason why, as a company, they are able to team up together every time. 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. Salary in 2022. The systems were located in Dayton, San Francisco, Nashville, and Seattle Metropolitan areas. 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. Viacom Inc (VIAB) Q2 2019 Earnings Call wade davis Viacom. 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 . Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. Davis will be CEO. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . $859.03K on June 22, 2015. 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. Save my name, email, and website in this browser for the next time I comment. WORTH Published on February 9, 2020 . 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. Bloomberg Markets Americas. 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. Deadline is a part of Penske Media Corporation. Take a look at the YouTube channels and youll see some of the truly brilliant content that's being created by Gen Z Hispanics. The. Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. VIAB Those are bubbling up to the forefront. 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. Why? Bloomberg Markets Americas. Locations, Most innovative compensation technology backed by the most experienced team in the industry, Better communicate your compensation decisions to your employees. Net worth of Viacom in 2022. SHARE. Wade Davis usually trades in May, with the busiest year in 2019. Benefits He won the AL Pennant with the Royals in 2014 and the World Series with the team in 2015. ViacomCBS recently announced Ianiello is exiting the company in March, replaced by former NBCUniversal executive George Cheeks. 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. I don't think it happens overnight. . solution. While at Viacom, Davis oversaw the acquisition of free streaming service Pluto TV. There are 100+ professionals named "Wade Davis", who use LinkedIn to exchange information, ideas, and opportunities. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. Before joining Netflix, Wade consulted for Google, P&G, Viacom & Bacardi. Viacom has promoted Wade Davis to chief financial officer, replacing Jimmy Barge. 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, the companies were to trade under the ownership of national amusements due to stagnating stock price. Wade consulted for Google, P&G, Viacom & Bacardi. 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 They have also received great support from their fans who believe in them and love what they do as a team. What is Wade Davis's Net Worth? Betweenintergenerational differences and specific skillsets, CFOs need to get a handle on how FP&A execs operate. 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. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. 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. Getty Images. Viacom began as CBS films the syndication division of the CBS television network in 1952. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. What He Should Have Said. The company comprised of MTV Networks, BET Networks, Paramount Pictures, and Paramount Pictures Home Entertainment. Job, Small 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. Skills 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. You may also find the annual proxy statement by going directly to the company's website. Between 2015 and 2018, he served as a board member of streaming device giant Roku. (Podcast), Chief Executive Officer, Univision Communications Inc. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. Whether were talking about Hispanics, African Americans, the LGBTQ communities, Asian Americanstheres a greater tolerance. Some of these accolades include; Best Music or Dance Program Award and Best Entertainment Presenter Host with Salman Khan in Bigg Boss Season 11. The deal, first . Univision has had a rocky road since going private in 2006. "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. 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 Davis's income source is mostly from being a successful . Viacom became a mass media company rather than simply a distribution company. 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. 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 . 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. The $13.7 billion deal included the assumption of the companys $1.4 billion in debt. 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). Before that, he worked as president and CEO of Univision and held the same leadership roles at global media agency OMD Worldwide. Wade Davis (born September 7, 1985) is famous for being baseball player. Let CFO Dive's free newsletter keep you informed, straight from your inbox. Wade is a new board member of the Ms. Foundation for Women, as well as a United Nations Women Global Impact . (Podcast). It's a place where Hispanics can go forinformation they can trust. MLB pitcher who began his career with the Tampa Bay Rays in 2009. 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. 2023 Deadline Hollywood, LLC. This General Release of all Claims (this "Agreement") is entered into by Wade Davis (the "Executive") and Viacom Inc. . Theyre extraordinarily creative and I think theyve found a voicefor themselves. That it will cost him $1,000 an hour. Insider trading is most common in May, with the busiest year in 2005. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. We want to hear from you! In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. Net Worth in 2022. Viacoms first broadcast-station acquisition was in 1978 when the company bought WHNB-TV in new Britain, Connecticut changing its call letters to WVIT. You're absolutely right. Charles E. Phillips, Jr., Director, In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. However, the merger was completed on December 4, 2019. Its a huge opportunity that is completely open from a competitive standpoint.. Wade Davis. This reversed the Viacom/CBS merger in 1999. 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. This report is not for commercial use. And what Univision has been able to build over the years through their news operationshas been trust. 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. 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Exiting the company 's annual shareholders meeting is the reason why, as a Nations. A competitive standpoint.. Wade Davis worth at the age of 69 years?.
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