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 . 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. 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. It was formed as a spin-off of the first Viacom on December 31, 2005. New York, NY 10036. . 2023 Deadline Hollywood, LLC. Signup for Breaking News Alerts & Newsletters. 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. Find out what you should earn with a customized salary estimate and negotiate with confidence. For the latest news, follow us on Facebook, Twitter, and Instagram. 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. 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 Inc's most recent insider trade came on May 15, 2017 by Wade Davis Net Worth (2021 Update) Wade Davis and Searchlight Capital Partners. We want to hear from you! As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. Joe Uva is a giant in the media and advertising world. The company has generated its revenue through fees from the distribution of programming and program services. . 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. document.write(new Date().getFullYear()); Salary.com. 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. In the last 14 years, insiders at Viacom Inc have sold an estimated value of $1.1B 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. 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. Viacom later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. Viacom Net Worth. While at Viacom, Davis oversaw the acquisition of free streaming service Pluto TV. This interview has been edited for brevity and clarity. $1 Million - $5 Million. 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. 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. Wade Davis owns about 42,424 units of Viacom Inc common stock. ", 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 was later renamed CBS Enterprises in 1970 and later spun into its own company in 1971. Also. Warren Buffetts Letter Ducked Some Big Issues. $992.22K on May 15, 2017. . 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. 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. Jobs 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.. Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! By subscribing, I agree to the Terms of Use and Privacy Policy. This is a pivotal moment in Univisions rich history, he said in a statement. 2020. He currently resides in Lake Wales, Florida, USA. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. Univision Communications Inc. completed the acquisition of Content and Media Assets of Grupo Televisa, S.A.B. 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. As of March 2023, Viacom is estimated to have a net worth of $15 billion. 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 proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. This documentary-style series follows investigative journalists as they uncover the truth. Wade Davis's income source is mostly from being a successful . This report is not for commercial use. 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. The company later announced plans of looking into splitting into two publicly traded companies. articles a month for anyone to read, even non-subscribers! Wade Davis Dario Acosta/Courtesy of Viacom. 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. . $140 per post at $7/CPM. 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 . 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. Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. 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. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. As of 2023, Wade Davis's net worth is $100,000 - $1M. 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. However, the merger was completed on December 4, 2019. Deadline is a part of Penske Media Corporation. Family Life Wade married his long time girlfriend Katelyn Casey in 2009. Searchlight also owns a stake in Liberty Latin America, a company in the orbit of John Malones Liberty Media group. There are 100+ professionals named "Wade Davis", who use LinkedIn to exchange information, ideas, and opportunities. . So, how much is Wade Davis worth at the age of 69 years old? In 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain. We have estimated Wade Davis's net worth , money, salary, income, and assets. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. A planned initial public offering in 2015 was scratched. Univision announced plans to explore its options last summer. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. "When you look at earning versus expectations we grew revenue, we . Ratings suffered from shifts in the television landscape and competition from rival Telemundo. I remember research about Univision that said, among U.S. Hispanics, Univision was the most trusted institution, except for the Catholic Church. Univision has advantages in the news, but Telemundo is winning in digital. $992.22K . Why? Southwest Airlines, +4 more Many companies rise up, become famous, and after some time, they collapse. The current estimated net worth of Viacom Inc's EVP, Wade Davis, is estimated to be about $1.65M . They not only understand the tastes of the community, they're the tastemakers. Insider trading is most common in May, with the busiest year in 2005. Salaries As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . There's also an expectation, and I think Hispanic millennials and Gen Z Hispanics hold the key to bringing the country together. Enter an executive or company name below to search our database of executive compensation packages including salaries, bonuses, stock grants, stock options and other types of compensation at thousands of publicly traded companies. He was previously a media and tech investment banker. Its a huge opportunity that is completely open from a competitive standpoint.. 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. However, CBS Corporation retained over-the-air broadcasting, television production, pay television subscription service and publishing assets. They have also received great support from their fans who believe in them and love what they do as a team. Catalog, Find a With your extensive experience in the space, how do you see the Hispanic media and advertising market evolving? 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. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Univision Communications Inc. plans to launch a streaming service this year. There were layoffs and turmoil in management ranks culminating with a shakeup that saw Vince Sadusky replace CEO Randy Falco. and Shari Redstone, Director Wade Davis Social Network Timeline 2015 Hes a former NYU and Rutgers adjunct professor, 2012 President Obama surrogate, and feminist. Viacom Inc. (Video & Audio Communications) was an American multinational mass media conglomerate with interests primarily in film and television. and bought an estimated value of $107.56M worth of shares. Wade is a new board member of the Ms. Foundation for Women, as well as a United Nations Women Global Impact . Signup for Breaking News Alerts & Newsletters. Net worth of Viacom in 2022. solution. (BMV:TLEVISA CPO) for approximately $5.2 billion. 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. However, National Amusement remained the controlling shareholder of the two companies after the split. Later in 1987, Viacom bought MTV networks, which owned MTV and Nickelodeon. A Univision spokesperson declined Bloomberg's requests for comment. WORTH Published on February 9, 2020 . You will be redirected back to your article in, Twitter Down: Elon Musks Social Network Suffers Outages On Wednesday Morning, 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, 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. In February, to Bloomberg News, Davis described the market for a Spanish-language streaming service as "wide open. 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. Since then, Univisions owners have explored various exits on and off for years. 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. You may also find the annual proxy statement by going directly to the company's website. 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