As of March 2023, Viacom is estimated to have a net worth of $15 billion. Former Viacom CFO Wade Davis' ForgeLight and Searchlight Capital have closed their acquisition of Univision, the two investment companies announced Tuesday. While at Viacom, Davis oversaw the acquisition of free streaming service Pluto TV. and Shari Redstone, Director Find out what you should earn with a customized salary estimate and negotiate with confidence. (Podcast). With your extensive experience in the space, how do you see the Hispanic media and advertising market evolving? 2 Spanish-language broadcaster in the U.S., offers programming on streaming site Peacock, which its parent company, Comcast Corp., owns. 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. Viacom later fully acquired Showtime/the movie channel in 1985 from Warner-Amex. I write about media, entertainment and diversity. 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. 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? WD. 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. Later in 1987, Viacom bought MTV networks, which owned MTV and Nickelodeon. 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. Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! So, how much is Wade Davis worth at the age of 69 years old? ", 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 began as CBS films the syndication division of the CBS television network in 1952. Viacom later bought VIVA media AG in 2004, the German equivalent to MTV. For the latest news, follow us on Facebook, Twitter, and Instagram. unless such ownership constitutes a significant portion of your net worth. In the last 4 years at Viacom Inc, Wade Davis has sold an estimated value of $3.08M worth. Locations, Most innovative compensation technology backed by the most experienced team in the industry, Better communicate your compensation decisions to your employees. Directory List Lowercase 2.3 Big | PDF | Internet Forum . We are excited to be part of this new phase of Univision. He was previously a media and tech investment banker. It operated approximately 170 networks and reached approximately 700 million subscribers in 160 countries and growing. articles a month for anyone to read, even non-subscribers! Getty Images. Thorough reviews have been conducted to assure this data accurately reflects disclosures. By subscribing, I agree to the Terms of Use and Privacy Policy. Wade is a new board member of the Ms. Foundation for Women, as well as a United Nations Women Global Impact . Streaming has been a mainstay of Davis' career. 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. This has been evident by the number of awards and nominations as well as honors they have received over the years. Univision announced plans to explore its options last summer. However, the merger was completed on December 4, 2019. There were layoffs and turmoil in management ranks culminating with a shakeup that saw Vince Sadusky replace CEO Randy Falco. 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. Whether were talking about Hispanics, African Americans, the LGBTQ communities, Asian Americanstheres a greater tolerance. Univision is a truly wonderful collection of assets. 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's largest sale order was 12,755 units , worth over CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? The company has generated its revenue through fees from the distribution of programming and program services. 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. 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. $992.22K . Then research and compare average salaries by company, job title, and location. WORTH Published on February 9, 2020 . 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 proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Wade Davis, Former Viacom CFO, And Partners Close Acquisition Of Univision Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with. Univision has advantages in the news, but Telemundo is winning in digital. The value finance leaders bring to operations is varied but they share a forward-looking vision. SHARE. These services include; cable television operators, direct to home satellite television operators, mobile networks, and subscription-based video on demand. Viacom Inc's most recent insider trade came on May 15, 2017 by Job, Small Deadline is a part of Penske Media Corporation. The systems were located in Dayton, San Francisco, Nashville, and Seattle Metropolitan areas. 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. Univision has been privately owned since a $12.7 billion deal in 2007, The Hollywood Reporter wrote. ", "It's really remarkable when you look at the competitive landscape that there is no high-quality, differentiated [over-the-top] service for this audience that is at scale," he told Deadline the same week. Business. 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. "When you look at earning versus expectations we grew revenue, we . In 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain. 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. 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. However, CBS Corporation retained over-the-air broadcasting, television production, pay television subscription service and publishing assets. They not only understand the tastes of the community, they're the tastemakers. Many companies rise up, become famous, and after some time, they collapse. Joe Uva is a giant in the media . Joe Uva is a giant in the media and advertising world. If Wade Davis, former Viacom Companies 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. Sumner M Redstone, Director, This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Wade Davis's income source is mostly from being a successful Writer. 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, Davis highlighted OTT opportunities. Opinions expressed by Forbes Contributors are their own. This interview has been edited for brevity and clarity. Wade Davis was born in Lake Wales, Florida in September. Bloomberg Markets Americas. Hes a former NYU and Rutgers adjunct professor, 2012 President Obama surrogate, and feminist. 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. The second Viacom comprised of Viacom media networks and paramount pictures. Wade Davis. As of 2023, Wade Davis's net worth is $100,000 - $1M. Send us a tip using our annonymous form. Theyre extraordinarily creative and I think theyve found a voicefor themselves. By subscribing, I agree to the Terms of Use and Privacy Policy. 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. What He Should Have Said. 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. Grow and expand for the well-being of the communityand also for marketers. 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 Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. In 1983, Viacom acquired again its premium channel Showtime which later merged with the warner-AMEX movie channel. 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. You're absolutely right. Signup for Breaking News Alerts & Newsletters. Let CFO Dive's free newsletter keep you informed, straight from your inbox. 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.. My advice to Wade would be to leverage that as much as he can. It was formed as a spin-off of the first Viacom on December 31, 2005. 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Net Worth in 2022. Before joining Netflix, Wade consulted for Google, P&G, Viacom & Bacardi. $1 Million - $5 Million. 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. This is a pivotal moment in Univisions rich history, he said in a statement. 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. 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. In all seriousness, I think Wade has a unique opportunity. The industry has been grappling with the structural inequities and systemic failures that have existed in media. I write about media, entertainment and diversity. The deal, first . $200 per post at $10/CPM. Mexicos Grupo Televisa SAB, the companys longtime partner, will retain its 36% stake in Univision. document.write(new Date().getFullYear()); Salary.com. Univision Communications Inc. completed the acquisition of Content and Media Assets of Grupo Televisa, S.A.B. Malones Liberty Global had also considered joining the bidding. Industries 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. 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. That it will cost him $1,000 an hour. (Podcast), Chief Executive Officer, Univision Communications Inc. Wade Davis (born September 7, 1985) is famous for being baseball player. 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. The. 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. . 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. CBS and Viacom officially announced their re-merger deal on August 13, 2019. In the 1970s and 1980s, Viacom was a distributor of CBS television series and also distributed syndicated television programs. 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. 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. Net worth of Viacom in 2022. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 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. Univision has had a rocky road since going private in 2006. No, I'm just kidding! Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. Wade Davis usually trades in May, with the busiest year in 2019. All rights reserved. New York, NY 10036. . In addition, a spin-off company was created named Viacom, which was headed by Freston. 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. (Photo by Rodrigo Varela/WireImage). Bloomberg Markets Americas. Althoughthe company has suffered several challenges, it has maintained its focus and delivered its services all the time. However, National Amusement remained the controlling shareholder of the two companies after the split. It's a place where Hispanics can go forinformation they can trust. Viacom later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. Why? Viacom operated several cable television systems from its formation in 1995. 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. These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. Find contact's direct phone number, email address, work history, and more. February 25, 2020 9:03am. 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. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. 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. | 1 p.m. Warren Buffetts Letter Ducked Some Big Issues. In . 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. That's a lot of trust. 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. $992.22K on May 15, 2017. A Broadcasting & Cable Hall of Fame honoree, Uva now runs Gull Point Advisors and is the non-executive board chair for Revolver Podcasts. He currently resides in Lake Wales, Florida, USA. 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. Signup for Breaking News Alerts & Newsletters. However, the companies were to trade under the ownership of national amusements due to stagnating stock price. It was later renamed CBS Enterprises in 1970 and later spun into its own company in 1971. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. (BMV:TLEVISA CPO) for approximately $5.2 billion. 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. Before that, he worked as president and CEO of Univision and held the same leadership roles at global media agency OMD Worldwide. Deadline is a part of Penske Media Corporation. "I thought it was a really strong quarter for us," Davis said. Save my name, email, and website in this browser for the next time I comment. Davis will be CEO. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. 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 . You may also find the annual proxy statement by going directly to the company's website. This documentary-style series follows investigative journalists as they uncover the truth. # x27 ; s Income source is mostly from being a successful Writer must be sent to shareholder... Oversaw the acquisition of free streaming service Pluto TV systemic failures that have existed in.. Leadership roles at Global media agency OMD Worldwide work history, and Instagram it has maintained focus! 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Also find the annual proxy statement by going directly to the Terms of Use and Privacy Policy the. The value finance leaders bring to operations is varied but they share a vision... And UniMs broadcast networks, which owned MTV and Nickelodeon my name email., mobile networks, and Instagram worth is $ 100,000 - $ 1M CBS and Viacom announced! Include ; cable television operators, mobile networks, and website in this browser for the next I... Constitutes a significant portion of your net worth as well as honors have. Should earn with a shakeup that saw Vince Sadusky replace CEO Randy.! Later merged with the structural inequities and systemic failures that have existed in media he specified that transaction. A forward-looking vision proxy must be sent to every shareholder in advance of the community, they collapse media OMD! Advantages in the last 4 years at Viacom Inc, Wade C. Davis made $ 7,827,029 in compensation... & # x27 ; s net worth of $ 3.08M worth to have a net worth as as! 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