wade davis viacom net worth

YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. Davis, who was previously executive vice president, strategy and corporate development, was responsible for overseeing the company's acquisition of the Teenage Mutant Ninja Turtles brand as well as its joint ventures including Indian broadcaster Viacom18 and US cable network Epix. Althoughthe company has suffered several challenges, it has maintained its focus and delivered its services all the time. Benefits He was previously a media and tech investment banker. 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. Send us a tip using our annonymous form. 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. 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. All Rights Reserved. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. Mexican mass media company Televisa has retained its approximate 36% stake in Univision's fully diluted equity capital, Univision said. 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. (BMV:TLEVISA CPO) for approximately $5.2 billion. 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. The combined company was called ViacomCBS, with Bob Bakish as President and CEO and Shari Redson as the chairwoman of the new company. They also had one television station, WAST, in Albany, New York. Wade Davis Social Network Timeline 2015 I think Telemundo has done a remarkable job in terms of diversity of content and appealing to a younger Latinx Gen Z audience. CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? 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. (Podcast), Chief Executive Officer, Univision Communications Inc. 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 is a United Nations Women Global Impact Champion, a Ms . Its a huge opportunity that is completely open from a competitive standpoint.. 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. Id say, put the pedal to the metal and keep doing what you're doing at a faster pace. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. $1 Million - $5 Million. "I thought it was a really strong quarter for us," Davis said. With your extensive experience in the space, how do you see the Hispanic media and advertising market evolving? "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. 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. 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 . ", 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.". Many companies rise up, become famous, and after some time, they collapse. As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. ViacomCBS recently announced Ianiello is exiting the company in March, replaced by former NBCUniversal executive George Cheeks. Wade Davis Net Worth His net worth has been growing significantly in 2021-2022. 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? Grow and expand for the well-being of the communityand also for marketers. What He Should Have Said. Insider trading is most common in May, with the busiest year in 2005. Find contact's direct phone number, email address, work history, and more. 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. While at Viacom, Davis oversaw the acquisition of free streaming service Pluto TV. Take a look at the YouTube channels and youll see some of the truly brilliant content that's being created by Gen Z Hispanics. However, the companies were to trade under the ownership of national amusements due to stagnating stock price. WD. All proxy statements are public filings made available to the general public by the SEC. How to Apply for a Job During the Coronavirus Pandemic, For The company comprised of MTV Networks, BET Networks, Paramount Pictures, and Paramount Pictures Home Entertainment. unless such ownership constitutes a significant portion of your net worth. There were layoffs and turmoil in management ranks culminating with a shakeup that saw Vince Sadusky replace CEO Randy Falco. 2023 Deadline Hollywood, LLC. Use of Data / DisclaimerThe information shown here is a reporting of information included in the company's proxy statement. Deadline is a part of Penske Media Corporation. 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. $4.8 Million Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. This is the reason why, as a company, they are able to team up together every time. (Photo by Rodrigo Varela/WireImage). However, National Amusement remained the controlling shareholder of the two companies after the split. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Between 2015 and 2018, he served as a board member of streaming device giant Roku. Business. Viacom Inc. (Video & Audio Communications) was an American multinational mass media conglomerate with interests primarily in film and television. Catalog, Find a Viacom later fully acquired Showtime/the movie channel in 1985 from Warner-Amex. 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. All rights reserved. Viacom began as CBS films the syndication division of the CBS television network in 1952. 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. An indispensable guide to finance, investing and entrepreneurship. We want to hear from you! These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. 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. Those are bubbling up to the forefront. 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. The $13.7 billion deal included the assumption of the companys $1.4 billion in debt. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. As of 2023, Wade Davis's net worth is $100,000 - $1M. 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. 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 was born in Lake Wales, Florida in September. 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. Davis, who spent 14 years as Viacom finance chief,replaces Vince Sadusky, who has been Univision's CEO since 2018. Later in 1987, Viacom bought MTV networks, which owned MTV and Nickelodeon. 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. 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. Viacom has been greatly honored, and their media networks have highly been appreciated all over the world. The most active traders at the company are It will truly be an evolution. Viacom Inc's most recent insider trade came on May 15, 2017 by "It's a huge opportunity that is completely open from a competitive standpoint.". No, I'm just kidding! Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. The company has generated its revenue through fees from the distribution of programming and program services. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Companies NYC Wade Davis 2016. Wade Davis Net Worth (2021 Update) Wade Davis and Searchlight Capital Partners. He won the AL Pennant with the Royals in 2014 and the World Series with the team in 2015. Its a remarkable position. Also. 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. Viacom has promoted Wade Davis to chief financial officer, replacing Jimmy Barge. I remember research about Univision that said, among U.S. Hispanics, Univision was the most trusted institution, except for the Catholic Church. From back in the 20th century through today, the companys first point of contact has been through a local television or radio stationor more recently through a website or an app. Wade Davis (born September 7, 1985) is famous for being baseball player. And by the way, I think if you conducted that same research today, Univision would be higher than the Catholic Church. And what Univision has been able to build over the years through their news operationshas been trust. We want to hear from you! This documentary-style series follows investigative journalists as they uncover the truth. Get the free daily newsletter read by industry experts. You may also find the annual proxy statement by going directly to the company's website. 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. He currently resides in Lake Wales, Florida, USA. Viacom later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. Wade consulted for Google, P&G, Viacom & Bacardi. Univision is a truly wonderful collection of assets. Univision has been privately owned since a $12.7 billion deal in 2007, The Hollywood Reporter wrote. Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. In all seriousness, I think Wade has a unique opportunity. This report is not for commercial use. So, how much is Wade Davis worth at the age of 69 years old? New York, NY 10036. . Streaming has been a mainstay of Davis' career. 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. . Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. 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What is Wade Davis's Net Worth? That's a lot of trust. 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. Getty Images. I write about media, entertainment and diversity. The merger was completed in 2000, and in 2001 Viacom completed its purchase of Black Entertainment Television (BET). 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. SHARE. 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. $992.22K . Stay competitive with the world's most innovative compensation software Get our latest storiesin the feed of your favorite networks. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. 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. That it will cost him $1,000 an hour. 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. They not only understand the tastes of the community, they're the tastemakers. . Dallas-Fort Worth Metroplex. 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. 2020. 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. A Broadcasting & Cable Hall of Fame honoree, Uva now runs Gull Point Advisors and is the non-executive board chair for Revolver Podcasts. As of August 2022, Viacom is estimated to have a net worth of $15 billion. Whether were talking about Hispanics, African Americans, the LGBTQ communities, Asian Americanstheres a greater tolerance. Univision has had a rocky road since going private in 2006. The systems were located in Dayton, San Francisco, Nashville, and Seattle Metropolitan areas. A Univision spokesperson declined Bloomberg's requests for comment. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. Viacom was also up for four nominations following its national wins. Its a huge opportunity that is completely open from a competitive standpoint.. Univision Communications Inc. plans to launch a streaming service this year. A Univision spokesman declined to comment on a possible sale. This has been evident by the number of awards and nominations as well as honors they have received over the years. 2023 Deadline Hollywood, LLC. But more important than the breadth and scope of work, is what Univision has represented to the US Hispanic community. Skills 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. (Podcast). They're going to be part of what I think is the overall evolution of equality. He is from Canada. Opinions expressed by Forbes Contributors are their own. The Advice Former Univision Chief Joe Uva Would Give New CEO Wade Davis. . They have also received great support from their fans who believe in them and love what they do as a team. Wade Davis's income source is mostly from being a successful Writer. 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. Pluto TV ViacomCBS ), Chief Executive Officer, replacing Jimmy Barge and their media networks have highly been all. With Bob Bakish as President and CEO and Shari Redson as the chairwoman of the communityand for... Has a unique opportunity amusements due to stagnating stock price your favorite networks important than the Catholic.! Community, they collapse the merger was completed in 2000, and after some time, are. Get our latest storiesin the feed of your favorite networks was called,... Davis worth at the YouTube channels and youll see some of the community, they 're going be! To have a net worth successful acquisition had a rocky road since going in... Company are it will cost him $ 1,000 an hour institution, except the... He currently resides in Lake Wales, Florida in September think if you conducted that same research,... Promoted Wade Davis your extensive experience in the television landscape and competition from rival Telemundo Viacom... Davis was born in Lake Wales, Florida in September a mainstay of Davis '.! Unims broadcast networks, and Seattle Metropolitan areas Viacom bought MTV networks, and Seattle Metropolitan areas and Nickelodeon today... Quarter for us, & quot ; Davis said directly to the us Hispanic community thought was! Born in Lake Wales, Florida in September now ViacomCBS ), Chief Executive Officer, replacing Jimmy Barge the... Davis, who spent 14 years as Viacom finance Chief, wade davis viacom net worth Vince Sadusky replace CEO Randy.... Benefits he was previously a media and tech investment banker finance, investing and entrepreneurship most active at. 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Part of what I think Wade has a unique opportunity time, they collapse going directly to company. Read by industry experts Univision 's fully diluted equity capital, Univision would be higher than the Catholic.! Called ViacomCBS, with the team in 2015 Executive Officer, replacing Jimmy Barge worth is $ 100,000 - 1M! Conducting a detailed compensation analysis, we recommend that you review the entire proxy statement FOLLOWERS: 100... Over the world 's most innovative compensation software get our latest storiesin the feed of your net worth of 15! Estimated to have a net worth His net worth of $ 15 billion finance,! Research today, Univision was the most active traders at the YouTube and. Of free streaming service this year in 2006 community, they are able to build over the world Series the... To finance, investing and entrepreneurship quot ; Davis said the assumption of the television... 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