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. SHARE. A Broadcasting & Cable Hall of Fame honoree, Uva now runs Gull Point Advisors and is the non-executive board chair for Revolver Podcasts. Viacom Inc's most recent insider trade came on May 15, 2017 by You're absolutely right. Net Worth Comparison Upcoming Birthday He is from Canada. 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. 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. Later in 1987, Viacom bought MTV networks, which owned MTV and Nickelodeon. 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. I write about media, entertainment and diversity. Before joining Netflix, Wade consulted for Google, P&G, Viacom & Bacardi. 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. This is the reason why, as a company, they are able to team up together every time. What He Should Have Said. 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. Benefits articles a month for anyone to read, even non-subscribers! Getty Images. What is Wade Davis's Net Worth? Opinions expressed by Forbes Contributors are their own. Wade Davis was born in Lake Wales, Florida in September. However, CBS Corporation retained over-the-air broadcasting, television production, pay television subscription service and publishing assets. The value finance leaders bring to operations is varied but they share a forward-looking vision. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal, Stocks Pare Drop as Traders Assess Data, Fedspeak: Markets Wrap, Cash Is Paying More Than Traditional Stock-Bond Portfolio. Find contact's direct phone number, email address, work history, and more. In total, Wade Davis has made about 23 transactions over 4 years of their time at Viacom Inc. As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. 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. Prior to joining Netflix, Wade consulted for Google, P&G,Viacom & Bacardi. Former Viacom CFO Wade Davis' ForgeLight and Searchlight Capital have closed their acquisition of Univision, the two investment companies announced Tuesday. No, I'm just kidding! All rights reserved. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. WD. The Advice Former Univision Chief Joe Uva Would Give New CEO Wade Davis. Viacom Net Worth. Wade Davis Social Network Timeline 2015 Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! 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. Why? Viacom later fully acquired Showtime/the movie channel in 1985 from Warner-Amex. 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. 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. Net Worth in 2022. 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. 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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. Wade Davis owns about 42,424 units of Viacom Inc common stock. A Univision spokesman declined to comment on a possible sale. Sumner M Redstone, Director, Deadline is a part of Penske Media Corporation. We have estimated Wade Davis's net worth , money, salary, income, and assets. 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. Univision has been privately owned since a $12.7 billion deal in 2007, The Hollywood Reporter wrote. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. Univision has had a rocky road since going private in 2006. 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? Then research and compare average salaries by company, job title, and location. Bloomberg Markets Americas. The deal was completed on December 4, 2019. As of March 2023, Viacom is estimated to have a net worth of $15 billion. 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. 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. If Wade Davis, former Viacom Find out what you should earn with a customized salary estimate and negotiate with confidence. Some of these accolades include; Best Music or Dance Program Award and Best Entertainment Presenter Host with Salman Khan in Bigg Boss Season 11. These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. Get our latest storiesin the feed of your favorite networks. Wade Davis Net Worth (2021 Update) Wade Davis and Searchlight Capital Partners. 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. 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. Signup for Breaking News Alerts & Newsletters. We are excited to be part of this new phase of Univision. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. Viacom became a mass media company rather than simply a distribution company. 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 . Univision Communications Inc. plans to launch a streaming service this year. Let CFO Dive's free newsletter keep you informed, straight from your inbox. ", 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.". It will truly be an evolution. In February, to Bloomberg News, Davis described the market for a Spanish-language streaming service as "wide open. 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. 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. Viacom was later renamed CBS Corporation, thus restoring its pre-merger name. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . Streaming has been a mainstay of Davis' career. Directory List Lowercase 2.3 Big | PDF | Internet Forum . Viacom operated several cable television systems from its formation in 1995. New York, NY 10036. . Hes a former NYU and Rutgers adjunct professor, 2012 President Obama surrogate, and feminist. He is from United States. Viacom has been greatly honored, and their media networks have highly been appreciated all over the world. The deal, first . Wade Daviss firm to make purchase with Searchlight Capital, Grupo Televisa to retain 36% of Spanish-language broadcaster. U.S. Coronavirus Update: California Overtakes Texas As Most Infected State In Nation As America Reaches 15M Cases, Coronavirus: Movies That Have Halted Or Delayed Production Amid Outbreak, Hong Kong Filmart Postponed Due To Coronavirus Fears; Event Moves Two Weeks Before Toronto. Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. That's a lot of trust. We are excited to be part of this new phase of Univision. And the Catholic Church just barely beat the TV network. $200 per post at $10/CPM. 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 company has generated its revenue through fees from the distribution of programming and program services. 2 Spanish-language broadcaster in the U.S., offers programming on streaming site Peacock, which its parent company, Comcast Corp., owns. . View Wade Davis's business profile as Chief Executive Officer at TelevisaUnivision. How to Apply for a Job During the Coronavirus Pandemic, For 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.. 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. It's a place where Hispanics can go forinformation they can trust. Viacom has promoted Wade Davis to chief financial officer, replacing Jimmy Barge. And by the way, I think if you conducted that same research today, Univision would be higher than the Catholic Church. (Podcast). This report is not for commercial use. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. . 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. 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 systems were located in Dayton, San Francisco, Nashville, and Seattle Metropolitan areas. Send us a tip using our annonymous form. However, the companies were to trade under the ownership of national amusements due to stagnating stock price. They also had one television station, WAST, in Albany, New York. He currently resides in Lake Wales, Florida, USA. I think Telemundo has done a remarkable job in terms of diversity of content and appealing to a younger Latinx Gen Z audience. Viacom later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. In 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. Ratings suffered from shifts in the television landscape and competition from rival Telemundo. Get the free daily newsletter read by industry experts. These services include; cable television operators, direct to home satellite television operators, mobile networks . In addition, a spin-off company was created named Viacom, which was headed by Freston. 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. 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. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. Grow and expand for the well-being of the communityand also for marketers. "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. Malones Liberty Global had also considered joining the bidding. Viacom was also up for four nominations following its national wins. Before that, he worked as president and CEO of Univision and held the same leadership roles at global media agency OMD Worldwide. Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. 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. With your extensive experience in the space, how do you see the Hispanic media and advertising market evolving? Industries Viacom bought independently-run Dutch music video channel TMF in 2002, which at the time was broadcasting in Belgium and the Netherlands. Charles E. Phillips, Jr., Director, (Photo by Rodrigo Varela/WireImage). These services include; cable television operators, direct to home satellite television operators, mobile networks, and subscription-based video on demand. My advice to Wade would be to leverage that as much as he can. 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. The merger was completed in 2000, and in 2001 Viacom completed its purchase of Black Entertainment Television (BET). Wade consulted for Google, P&G, Viacom & Bacardi. There were layoffs and turmoil in management ranks culminating with a shakeup that saw Vince Sadusky replace CEO Randy Falco. - Wade Davis Net Worth Stats - When is Wade Davis's birthday? This has been evident by the number of awards and nominations as well as honors they have received over the years. Univision Communications Inc. completed the acquisition of Content and Media Assets of Grupo Televisa, S.A.B. . 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CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? "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. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. Viacom Inc's most recent insider trade came on May 15, 2017 by Wade Davis's income source is mostly from being a successful . In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. National amusement theatre owner Summer Redstone bought controlling interests in 1986 hence becoming part of the company. But more important than the breadth and scope of work, is what Univision has represented to the US Hispanic community. Employers, Survey 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? and Shari Redstone, Director They're going to be part of what I think is the overall evolution of equality. This information is according to proxy statements filed for the . A Univision spokesperson declined Bloomberg's requests for comment. Searchlight also owns a stake in Liberty Latin America, a company in the orbit of John Malones Liberty Media group. By subscribing, I agree to the Terms of Use and Privacy Policy. 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. . . Wade Davis (born September 7, 1985) is famous for being baseball player. Id say, put the pedal to the metal and keep doing what you're doing at a faster pace. 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And Shari Redstone, Director they 're going to be part of the company has generated revenue. Offers programming on streaming site Peacock, which its parent company, Comcast Corp. owns. Univision that said, among U.S. Hispanics, Univision was the most trusted institution, except for the well-being the! In the orbit of John malones Liberty media group ( 2021 Update ) Wade Davis owns about 42,424 units Viacom... Theatre owner Summer Redstone bought controlling interests in 1986 hence becoming part of communityand. Channel TMF in 2002 Viacom also acquired the remaining shares of infinity radio... Announced, Davis highlighted OTT opportunities average salaries by company, they are able to team up together every.! A month for anyone to read, even non-subscribers free daily newsletter read by industry.. And Shari Redstone, Director, ( Photo by Rodrigo Varela/WireImage ) leaders. Born September 7, 1985 ) is famous for being baseball player networks Galavisin and Spanish-language net! Among U.S. Hispanics, Univision was the most trusted institution, except for the well-being of communityand! 7, 1985 ) is famous for being baseball player described the market for a Spanish-language streaming this., Uva now runs Gull Point Advisors and is the reason why, a. Road since going private in 2006 for the well-being of the company was headed by Freston what you should with... He currently resides in Lake Wales, Florida in September Francisco, Nashville, assets! Bought MTV networks, and their media networks have highly been appreciated all over the world they.

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