"I thought it was a really strong quarter for us," Davis said. All proxy statements are public filings made available to the general public by the SEC. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. "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. Salary in 2022. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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 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. . The company has generated its revenue through fees from the distribution of programming and program services. 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. Wade Davis's largest purchase order was 28,710 units , worth over February 25, 2020 9:03am. . solution. The industry has been grappling with the structural inequities and systemic failures that have existed in media. 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. He currently resides in Lake Wales, Florida, USA. Prior to joining Netflix, Wade consulted for Google, P&G,Viacom & Bacardi. Sumner M Redstone, Director, Searchlight also owns a stake in Liberty Latin America, a company in the orbit of John Malones Liberty Media group. The most active traders at the company are Getty Images. 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. 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. Wade is a new board member of the Ms. Foundation for Women, as well as a United Nations Women Global Impact . Before that, he worked as president and CEO of Univision and held the same leadership roles at global media agency OMD Worldwide. Industries 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. 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. articles a month for anyone to read, even non-subscribers! 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? The second Viacom comprised of Viacom media networks and paramount pictures. Malones Liberty Global had also considered joining the bidding. In the last 4 years at Viacom Inc, Wade Davis has sold an estimated value of $3.08M worth. It was later renamed CBS Enterprises in 1970 and later spun into its own company in 1971. 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. Get our latest storiesin the feed of your favorite networks. 2023 Deadline Hollywood, LLC. A Univision spokesperson declined Bloomberg's requests for comment. Joe Uva is a giant in the media . Viacom later made its biggest acquisition in 1999 by announcing plans to merge with its former parent CBS. Viacom bought independently-run Dutch music video channel TMF in 2002, which at the time was broadcasting in Belgium and the Netherlands. The current estimated net worth of Viacom Inc's EVP, Wade Davis, is estimated to be about $1.65M . He is from United States. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. Joe Uva is a giant in the media and advertising world. 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. Former Viacom CFO Wade Davis' ForgeLight and Searchlight Capital have closed their acquisition of Univision, the two investment companies announced Tuesday. But more important than the breadth and scope of work, is what Univision has represented to the US Hispanic community. 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. Bloomberg Markets Americas. Net Worth Comparison Upcoming Birthday No, I'm just kidding! They're going to be part of what I think is the overall evolution of equality. 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 . The company comprised of MTV Networks, BET Networks, Paramount Pictures, and Paramount Pictures Home Entertainment. Wade Davis Net Worth His net worth has been growing significantly in 2021-2022. We have estimated Wade Davis's net worth , money, salary, income, and assets. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. I write about media, entertainment and diversity. 2023 Deadline Hollywood, LLC. Univision has been privately owned since a $12.7 billion deal in 2007, The Hollywood Reporter wrote. Catalog, Find a 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. This is a pivotal moment in Univisions rich history, he said in a statement. What He Should Have Said. We want to hear from you! Betweenintergenerational differences and specific skillsets, CFOs need to get a handle on how FP&A execs operate. $4.8 Million Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. 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. A Univision spokesman declined to comment on a possible sale. 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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 National amusement theatre owner Summer Redstone bought controlling interests in 1986 hence becoming part of the company. Althoughthe company has suffered several challenges, it has maintained its focus and delivered its services all the time. 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. The $13.7 billion deal included the assumption of the companys $1.4 billion in debt. They not only understand the tastes of the community, they're the tastemakers. By subscribing, I agree to the Terms of Use and Privacy Policy. Viacom began as CBS films the syndication division of the CBS television network in 1952. 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. Viacom later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. Jobs This resulted in Viacom return to operating radio stations after it originally exited the broadcast radio business in 1997. 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. Find open jobs near you. Save my name, email, and website in this browser for the next time I comment. We have estimated Wade Davis's net worth , money, salary, income, and assets. Streaming has been a mainstay of Davis' career. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. Signup for Breaking News Alerts & Newsletters. What is Wade Davis's Net Worth? In addition, a spin-off company was created named Viacom, which was headed by Freston. Wade Davis usually trades in May, with the busiest year in 2019. and Shari Redstone, Director And the Catholic Church just barely beat the TV network. That it will cost him $1,000 an hour. These services include; cable television operators, direct to home satellite television operators, mobile networks . Wade Davis Dario Acosta/Courtesy of Viacom. In total, Wade Davis has made about 23 transactions over 4 years of their time at Viacom Inc. 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. 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. Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. 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. As of March 2023, Viacom is estimated to have a net worth of $15 billion. Univision has advantages in the news, but Telemundo is winning in digital. Southwest Airlines, +4 more The combined company was called ViacomCBS, with Bob Bakish as President and CEO and Shari Redson as the chairwoman of the new company. Some of these accolades include; Best Music or Dance Program Award and Best Entertainment Presenter Host with Salman Khan in Bigg Boss Season 11. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. and bought an estimated value of $107.56M worth of shares. 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. He served as chairman of NBCU Hispanic Enterprises and Content, which includes television network Telemundo. Skills Dallas-Fort Worth Metroplex. As of August 2022, Viacom is estimated to have a net worth of $15 billion. 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. That's a lot of trust. 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. Sign up for Deadline's Newsletter. As of 2023, Wade Davis's net worth is $100,000 - $1M. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. 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. 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. $859.03K on June 22, 2015. Why? Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. This is a pivotal moment in Univisions rich history, he said in a statement. For the latest news, follow us on Facebook, Twitter, and Instagram. These services include; cable television operators, direct to home satellite television operators, mobile networks, and subscription-based video on demand. Get the free daily newsletter read by industry experts. The current estimated net worth of Viacom Inc's EVP, Wade Davis, is estimated to be about $1.65M .Wade Davis owns about 42,424 units of Viacom Inc common stock. Net worth of Viacom in 2022. You, For Viacom has been greatly honored, and their media networks have highly been appreciated all over the world. Theyre extraordinarily creative and I think theyve found a voicefor themselves. . Net Worth in 2022. 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. 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. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. 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.". Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. He was previously a media and tech investment banker. So, how much is Wade Davis worth at the age of 45 years old? Use of Data / DisclaimerThe information shown here is a reporting of information included in the company's proxy statement. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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 . 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Spokesperson declined Bloomberg 's requests for comment get the free daily newsletter read by industry experts 's free newsletter you! Reporter wrote, and WHEC-TV in Rochester, New York, is what Univision has been growing significantly in.! Deal included the assumption of the company comprised of MTV networks, Pictures!, P & amp ; Bacardi Service apply Use and Privacy Policy and Terms of Service apply incorrect email....