Davis was part of a group of private-equity investors who agreed in February 2020 to buy a majority stake in Univision. * To subscribe, you must consent to Futures privacy policy. Wade Davis is the Chief Executive Officer of Univision Communications Inc., the leading Hispanic media company in the United States. Prior to Viacom, Davis co-founded Americas Choice, Inc. where he acquired research and associated IP to build a for-profit K-12 school performance improvement solutions business. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance. Jon has been business editor of Broadcasting+Cable since 2010. Its not something were going to disclose. The new business, to be called Televisa-Univision, will have an enormous content library Televisa produced 86,000 hours of programming last year broadcast and pay-TV channels and stations . Explorer-in-Residence at the National Geographic Society from 2000 to 2013, he is currently Professor of Anthropology and the BC Leadership Chair in Cultures and Ecosystems at Risk at . L to R: Alfonso de Angoitia and Wade Davis. Since closing that deal, Davis has hired more than 500 people and made . Earlier in his career, Davis spent nine years in M&A investment banking with ThinkEquity, Lazard, and Wasserstein Perella and led nearly $30B in total transactions, primarily in the tech, education and media sectors. Webinars . About. When you look at what the current management team has been able to accomplish in the last 18 months, its quite remarkable. Because we respect your right to privacy, you can choose not to allow some types of cookies. He takes over the reins from Vince Sadusky, who led the company since mid-2018, when he replaced Randy Falco.. Wade Davis baseball stats with batting stats, pitching stats and fielding stats, along with uniform numbers, salaries, quotes, career stats and biographical data presented by Baseball Almanac. Wade C Davis is Chief Executive Officer at Univision Communications Inc. See Wade C Davis's compensation, career history, education, & memberships. The community relies on everyone sharing. The national average salary for a Univision Holdings, Inc. employee in the United States is $65,488 per year. On July 20, 2019, Univision rebranded its Univision Deportes Network cable channel as TUDN, as part of a collaboration with its content partner Televisa.. On February 25, 2020, investment firms ForgeLight (launched by founder & CEO & ex-Viacom CFO Wade Davis) and Searchlight Capital agreed to acquire the 64% controlling stake in the company that was held by its investment group ownership . This website is not directly or indirectly affiliated, associated, or connected in any way to Major League Baseball, the National Basketball Association, the National Football League or the National Hockey League. Salary: $4.8 Million Date of Birth: Sep 7, 1985 (37 years old) Place of Birth . By . Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}3.4. Davis has served as a media industry leader for over 25 years, including founding ForgeLight in 2019 to build, acquire and operate companies in the Media and Consumer Technology sectors. Financial terms of the of the transaction were not disclosed. Will His AI Plans Be Any Different? An investor group led by former Viacom CFO Wade Davis said Tuesday it has closed its acquisition of a 64 percent stake in Spanish-language media giant Univision Communications. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Signup for Breaking News Alerts & Newsletters. Please refresh the page and try again. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Executive Chairman of TelevisaUnivision, Inc. & Co-CEO of TelevisaUnivision Mexico. And to the extent we can talk about the strategy publicly, that something thats going to happen in due time. Wade Davis Dario Acosta/Courtesy of Viacom. So from a financial point of view, an IPO isnt something the company needs or its not something were planning for. Univisions former chief legal and corporate affairs officer Jonathan Schwartz, president of distribution Henry Ahn, and president of ad sales and marketing Steve Mandala are leaving the company. Are you disclosing what your consortium paid for the majority stake in Univision? The average Univision salary ranges from approximately $49,404 per year for, Univision employees attributed a compensation and benefits rating of 3.1/5 stars to their company. But, after gracing our screens for all of two episodes, the bubbly vet was nowhere to be seen. Davis founded ForgeLight last year. Wade Davis is Chief Executive Officer and one of the owners of Univision Communications Inc. As the largest Spanish-language content company in the U.S., Univision is guided by its long-standing mission to entertain, inform and empower U.S. Hispanics with news, sports and entertainment content across broadcast and cable television, audio and . Signage at Univision's Los Angeles headquarters is seen in 2016. Steve Mandala. And thats back to whats so unique about this business. Univision Miami to Host Miami-Dade County Mayoral Debate With Top Candidates Facing Off in Multi-Media Event Tonight at 5pm on Univision 23 y Radio. VP, Global Broadcast Operations of TelevisaUnivision, Inc. VP of TelevisaUnivision Mexico Networks Programming, Marketing & Research. The context, insight and strategic content that Televisa brings to Univision have been key to the companys success., He said he has worked with Searchlight as a limited partner, board member and friend since the team founded the firm. 2021-2021 Free Agent Just about any story is fair game, if a dollar sign can make its way into the article. Wade Davis - 2021 Salary & ContractWade Davis salary is $1,250,000 per year, including a $0 signing bonus. Both Searchlight and Wade are wholly supportive of Univisions core mission to entertain, inform and empower Hispanic America and fully embrace the commitment and special bond we have with our audience. Davis has given $8,300 to Democrat politicians since 2007 and is a contributor to former South Bend mayor and Democratic presidential candidate Pete Buttigieg's campaign. 2022: Transcript : Tikehau Capital, H1 2022 Earnings Call, Jul 28, 2022 . Univision Holdings, Inc. competitors are Entravision Communications, Nexstar Media Group, TEGNA, and more. A lot of times when people talk about in the media industry whether they have enough scale, its really around their ability to drive enough content spend. It has some of the best margins of the traditional media businesses. . Hopefully it comes across how Im excited I am about the business in the short term, and Im going to be single-minded on working with the team to take advantage of these opportunities. On December 29, Searchlight III UTDandForgeLights acquisition of a majority stake ofUnivision Holdingsformally closed. Achieving our objectives will require new ways of working together, diversity of perspectives and in some cases new talent and skillsets. Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. Wade Davis continues as CEO of the merged company and discussed Univision's fourth quarter 2021 results with Wall Street analysts on Friday. Send us a tip using our annonymous form. Wade Davis is Chief Executive Officer and one of the owners of Univision Communications Inc. As the largest Spanish-language content company in the U.S., Univision is guided by its long-standing mission to entertain, inform and empower U.S. Hispanics with news, sports and entertainment content across broadcast and cable television, audio and . Former Viacom Inc. CFO Wade Davis is finalizing a . Univision. The success of this turnaround paved the way for the merge of Viacom and CBS to create ViacomCBS. 9.5. Through the 2014 season Davis has a record of 45 35 with 564 strikeouts and an ERA of 3.91. Groupo Televisa and Univision Holdings said they completed the previously announced transaction that creates TelevisaUnivision Inc., the world's biggest Spanish-language media and content company. Deportes Digest . Its reflected in the success theyve had in renewing with all of their distributors. And if you go back to the asset base that I just described, its an incredible setup to be able to take advantage of what is a very wide open competitive landscape and a huge market opportunity. As such, Searchlight, a private investment firm founded by CEO Wade Davis, and associated entity, ForgeLight an operating and investment company focused on the media and consumer technology sectors are now the holders of shares in Univision previously held byMadison Dearborn Partners, Providence Equity Partners, TPG, Thomas H. Lee Partners,andSaban Capital Group. Wade Davis signed a 1 year / $1,250,000 contract with the Kansas City Royals, including $1,250,000 guaranteed, and an annual average salary of $1,250,000. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Univision will pay $3bn in cash and $1.5bn in Univision stock, with the remainder funded by other sources. NEW YORK With the transition in power from Vince Sadusky to Wade Davis at Univision Communications in January 2021, a veteran sales . Salary: All-Star: World Series: 2009 Tampa Bay Rays: 58--2010 Tampa Bay Rays: 40--2011 Tampa Bay Rays: 40--2012 Tampa Bay Rays: 40--2013 Kansas City . with an average yearly salary of $72,781. Can A Pro-Deal Website Woo FCC On TEGNA Privatization OK? Mexico's media giant Grupo Televisa and U.S. Spanish-language broadcaster Univision today announced they have . Show more. PACIFIC GROVE, Calif., February 18, 2023--On the evening of February 13th, California American Water activated two new pump stations as part of our efforts to reduce reliance on the Carmel River. You will receive a verification email shortly. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. How much do Univision employees make? They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. Specialty Preview, Ozy Media Closes In Wake Of Founder Carlos Watson Scandal, TikTok Introduces New Feature To Limit Screen Time For Teens. Theyve renewed one hundred percent of their distributor agreements, which is something that no other company in the industry can say. An IPO isnt something we plan for; its not something the company particularly needs. As expected, Davis assumed Univisions Chief Executive chair fromVince Sadusky. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. The announcement said Televisa will serve as an important partner to the new ownership and management team going forward. 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. Former ViacomCBS exec Pierluigi Gazzolo was named president and chief transformation officer at Univision; Luis Silberwasser, last with Telemundo, was named president of the Univision Television Networks Group; and former Turner ad sales head Donna Speciale was named president of advertising sales and marketing. wade davis univision salary. Davis on Tuesday discussed driving towards the streaming space with Univision, closing distribution deals and content spending. This documentary-style series follows investigative journalists as they uncover the truth. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Use of any marks, trademarks, or logos on this website shall not constitute a sponsorship or endorsement by the trademark holder. We view this transaction as a strong vote of confidence by Univisions new owners in Televisas insight, creativity and its place as an undisputed leader in producing high-quality Spanish-language content targeting a dynamic and growing audience demographic., Spirit Awards: 'Everything Everywhere All At Once' Takes Best Feature, 6 Other Trophies; 'The Bear', Quinta Brunson Tops In TV - Full Winners List, Will Moviegoers Lend An Ear To Children Of The Corn Remake? Univision is currently controlled by a consortium of investment groups including Madison Dearborn Partners, Providence Equity Partners, TPG, Thomas H. Lee Partners and Saban Capital Group. If you do not allow these cookies, you will experience less targeted advertising. It takes less than ten minutes to set up your company page. His experience includes serving as a C-Suite Fortune 100 operator, board director, investment banker and entrepreneur. On Monday, Univision, which is led by CEO Wade Davis, forecast overall revenues of $634 million, down 4 percent from a year-earlier $660 million, for the three months to March 31 due to subscriber losses that were partly offset by advertising revenue rising four percent. The smarter way to stay on top of broadcasting and cable industry. Can you discuss your strategy focus for Univision, and specifically bringing the traditional broadcaster into the streaming-first space? That year he was traded to the Kansas City Royals. Univision abre una nueva etapa: cierra su venta, estrena nuevo jefe y planea un servicio de streaming. On Thursday, Univision reported revenue . . A free inside look at Univision salary trends based on 1169 salaries wages for 507 jobs at 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 acquisition of giant . He is a pitcher who bats and throws right handed. . This will enable Televisa to pay down debt. To see the rest of the Wade Davis' contract breakdowns, & gain access to all of Spotrac's Premium tools, sign up today. wade davis univision salary. In an announcement early Tuesday, the partners said they intend to build on Univisions recent content and programming momentum to accelerate growth, expand its portfolio of advertising products, substantially enhance its digital presence and work closely with Televisa, which will retain its 36% stake. Are there any content distribution deals up for renewal on the immediate horizon? He played in their minor league system before making his MLB debut for the Rays in 2009 where he played through the 2012 season. Theyre the market leader for this audience. Wade Davis is Chief Executive Officer and one of the owners of Univision Communications Inc. As the leading Hispanic media company in the U.S., Univision is guided by its long-standing mission to entertain, inform and empower U.S. Hispanics with news, sports and entertainment content across broadcast and cable television, audio and digital platforms. Continuing a . We welcome all corrections and feedback using the button below. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer. Wade Davis signed a 1 year / $1,250,000 contract with the Kansas City Royals, including $1,250,000 guaranteed, and an annual average salary of $1,250,000. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Latest news about Wade Davis : 01/12: Transcript : Jaguar Health, Inc. - Special Call: CI. Today begins a transformation for Univision. Davis achieved these results by creating several strategic operational improvements, implementing an organizational redesign, leading cost transformation initiatives, and directing the operational oversight of key growth segments. . Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Univision Holdings, Inc. Salaries. Wade Davis. Theyre the number one news platform, the number one sports platform, the number one music platform across TV, radio and live events, and they have a really powerful and differentiated content supply arrangement with Televisa, the largest Spanish-language content producer in the world. Standard General, Tegna Seeking FCC Review of Merger Review Order, UFC 285 PPV - Jon Jones vs. Ciryl Gane: What's On This Weekend in TV Sports (March 4-5), Puss in Boots: The Last Wish to Stream Exclusively on Peacock. Hemisphere Media Group, Platinum Equity and former Viacom CFO Wade Davis have made overtures to Univision. Wade Davis' new investment fund just became part owner of Univision in a deal expected to close late summer with the . Davis finished 4th for AL Rookie of the Year in 2010. Chief Administrative Officer of TelevisaUnivision, Inc. 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. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. February 25, 2020 9:03am. Browse our online application for MLB, NBA, NFL, NHL, EPL, or MLS player contracts, salaries, transactions, and more. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications, he talked to The Hollywood Reporter about his plans to capitalize on the fast-growing key Latino demo. Wade Davis (anthropologist) (born 1953), Canadian anthropologist and ethnobotanist Wade Davis (American football) (born 1977), former American football player Wade Davis (baseball) (born 1985), former baseball player Wade-Davis Bill, American legislation, vetoed by President Abraham Lincoln in 1864; Wade Davis (CEO) Univision Already Subscribed? Career Earnings: Year Basic Salary Deadline is a part of Penske Media Corporation. Adam Jacobson . It's a done deal. Wade Davis was born in Lake Wales, Florida in September 1985. Its not because were trying to be evasive about it. The agreement is one of Univisions most strategic assets, giving it exclusive access to the largest Spanish-language video library in the world. Pierluigi Gazzolo was named president and chief transformation officer at Univision (Image credit: Univision) Wade Davis, Univision's new CEO, named his senior management team, bringing several well-known industry executives to the Spanish-language media company. 2022: TelevisaUnivision Spanish-language streaming platform ViX to launch in March: RE. The financial performance of the business has never been stronger in years. The lowest-paying job at Univision is an Administrative Assistant with a salary of $49,404 per year. They acquired the company for $13.7 billion in 2007, beating out a rival bid from Televisa. TelevisaUnivision. 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.. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. Thank you for signing up to Broadcasting & Cable. The group includes . There was a problem. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. Davis said he is honored to be partnering with Televisa and Searchlight to help steward Univision into this next phase. Get the latest news from Univision. Theyve reinvested in their news platform, theyve acquired a substantial portfolio of soccer rights, which is actually the largest portfolio of soccer rights in the U.S. and in any language. The average Univision salary ranges from approximately $49,404 per year for an Administrative Assistant to $325,473 per year for a Vice President. USPAACC to Shine Spotlight on 'Unsung Heroes' of Supplier Diversity The US Pan Asian American Chamber of Commerce Education Foundation Continue reading News From Our Partners Wade Davis's net worth is $0. These cookies are necessary for the website to function and cannot be switched off in our systems. One that will see us accelerate our position as the leading U.S. Hispanic media company as we launch new products and services that will drive value for our U.S. Hispanic audience and for our advertising and distribution partners, who want to reach and engage with this critical audience, said Davis, the former Viacom CFO, whose led the acquisition of Univision by ForgeLight and Searchlight. 2022: Univision Communications Inc. completed the acquisition of Content and Media Assets . Univision Communications. Get the latest news, stats, videos, highlights and more about relief pitcher Wade Davis on ESPN. Tambin hoy se oficializ otra de las noticias que te dimos en su momentos, Wade Davis, director general y fundador de ForgeLight, asumi el rol de director general de Univision (CEO), a partir . 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Univision reportedly "nearing a sale" to investment group involving former Viacom EVP Wade Davis, at a much lower price than 2007 Univision changed hands for $13.7 billion in 2007, but seems . 2023 Celebrity Net Worth / All Rights Reserved. Today we are announcing a new, industry leading executive leadership team that exemplifies the traits of innovation, collaboration, inclusivity and accountability that will be central to our transformation. 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A look at the injuries for Wade Davis, and the financial implications. These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. Theres going to be a number of months until we actually close the transaction and the specifics about what the strategy on a go-forward basis is. Biography. -. Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexico's Grupo Televisa . In this role, he delivered total company growth across revenue, operating income, and earnings per share. 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