Its reflected in the success theyve had in renewing with all of their distributors. In this role, he delivered total company growth across revenue, operating income, and earnings per share. Employees in the top 10 percent can make over $127,000 per year, while employees at the bottom 10 percent earn less than $33,000 per year. Does Univision have the scale it needs in todays competitive landscape, or do you envision additional M&A to get additional scale? To see the rest of the Wade Davis' contract breakdowns, & gain access to all of Spotrac's Premium tools, sign up today. Reports of Davis's pursuit of . Will His AI Plans Be Any Different? Sign up below. Wade is the second-cousin of former MLB player Jody Davis. Please refresh the page and try again. See All CEO & Executives. 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? 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. 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. Giant Miami-based Spanish language broadcaster. Univision Holdings, Inc. competitors are Entravision Communications, Nexstar Media Group, TEGNA, and more. Signup for Breaking News Alerts & Newsletters. PENELOPE THE PIG WAS THE CUTEST THING I HAD EVER SEEN. EVP, Chief Financial Officer of TelevisaUnivision, Inc. President of TelevisaUnivision US Local Media, General Director, Mexico Government Relations, VP of TelevisaUnivision Mexico Growth Officer. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. The smarter way to stay on top of broadcasting and cable industry. There was a problem. Wade Davis's net worth is $0. Moving forward after its Jan. 31 merger to become TelevisaUnivision, U.S. Spanish-language media giant Univision reported on its final quarter before joining with Mexico's Grupo Televisa. Isgho Votre ducation notre priorit . Bloomberg's Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide in-depth research and data on more than 2,000 companies and 130 industries. ForgeLight and SearchLight, meanwhile, will buy a majority 64% ownership interest from all the other stockholders of the privately-held company. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. Sign up for THR news straight to your inbox every day. Wade Davis is officially Univision's new CEO. NY 10036. 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. Can you drill down and tell us what you see standing out in Univisions asset base? Use of any marks, trademarks, or logos on this website shall not constitute a sponsorship or endorsement by the trademark holder. -. L to R: Alfonso de Angoitia and Wade Davis. The average Univision salary ranges from approximately $49,404 per year for an Administrative Assistant to $325,473 per year for a Vice President. with an average yearly salary of $72,781. The national average salary for a Univision Holdings, Inc. employee in the United States is $65,488 per year. Wade Alan Davis II (born July 28, 1977) is an American speaker, activist, writer, educator and former American football player.. Born in Little Rock, Arkansas, Davis grew up in Shreveport, Louisiana and Aurora, Colorado.He played college football at Mesa State and Weber State.In 2000, Davis signed with the Tennessee Titans of the NFL as an undrafted free agent but was cut after the preseason. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Thats something that got to be built by the team and something that got to be owned by the team. 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. So the management team has done a remarkable job of stabilizing the business and positioning it for growth. December 29, 2020 12:29pm. Partnered with the USA TODAY Sports Media Group|Powered by, Signed a minor league contract with Kansas City (KC), Signed a 3 year $52 million contract with Colorado (COL), including a vesting option for 2021, Chicago (CHC) extended a $17.4 million Qualifying Offer for 2018, Traded to Chicago (CHC) from Kansas City (KC) for, Kansas City (KC) exercised a $10M option for 2017, Kansas City (KC) exercised an $8 million option for 2016, Kansas City (KC) exercised a $7 million option for 2015, Traded to Kansas City (KC) from Tampa Bay (TB) with, Signed a 4 year $12.6 million contract with Tampa Bay (TB), Signed a 1 year $404k contract with Tampa Bay (TB), Signed a 1 year $400k contract with Tampa Bay (TB), Drafted by Tampa Bay (TB): Round 3 (#75 overall), Drafted by Tampa Bay (TB): Round 3 (#75overall). 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. 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 . It has some of the best margins of the traditional media businesses. 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 . Our talented operating team has transformed Univision to be strategically, operationally and financially stronger than it has been in years, Sadusky said. Its one of the most profitable media businesses in the industry. The success of this turnaround paved the way for the merge of Viacom and CBS to create ViacomCBS. TelevisaUnivision. Davis said he is honored to be partnering with Televisa and Searchlight to help steward Univision into this next phase. 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. All Rights Reserved. It has this content supply agreement from Televisa, a strategic partner, and Televisa is the largest producer of Spanish-language content in the world. 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 Thursday, Univision reported revenue . Wade Davis Shakes Up Univisions C-Suite In A Major Way, Sign up for our newsletters for the rest of the headlines, A Digital Sales Training Library Arrives, CP Communications Helps Accelerate Remote Production for Trans Am Series, A Wall Street Slide For iHeartMedia Shares, NAB Signs On To D.C. Plea To Stop FTC Planned Noncompete Ban, The First Certified ATSC 3.0 Upgrade Accessory Receiver Is Here, RBR+TVBR Observation: Why Local Media Wins. As expected, Davis assumed Univisions Chief Executive chair fromVince Sadusky. We began the evolution of our team with the appointment of world class leaders to our board of directors to bring together skillsets and diversity that Univision has never had at the board level. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Data Fraud Is Focus To Bolster Chinas Lackluster Carbon Market, China Gives New Backing to Coal Even as Clean Energy Accelerates, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? Through the 2014 season Davis has a record of 45 35 with 564 strikeouts and an ERA of 3.91. Wade Davis Shakes Up Univision's C-Suite In A Major Way. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. Amy Tenbring and Glenn Dryfoos were promoted to co-interim general counsel at Unvision; Jessica Rodriguez will continue as CMO and Friday Abernethy was promoted to executive VP of content distribution and partnerships. An IPO isnt something we plan for; its not something the company particularly needs. Univision already has the fledgling Prende TV ad-supported streaming service which launched March 30 as a collection of 40 live streaming channels offering 10,000 hours of programming. February 25, 2020 9:03am. Executive Chairman of TelevisaUnivision, Inc. & Co-CEO of TelevisaUnivision Mexico. Now, major changes are coming to the C-Suite. TelevisaUnivision will be led by CEO Wade Davis, the former Viacom CFO who led a group that bought Univision last year. Continuing a . Wade Davis. All net worths are calculated using data drawn from public sources. This was actually a purchase and a sale of specific shares that specific shareholders have. Davis and Searchlight Capital Partners are expected to pay $800 million for a controlling stake in Univision. By admin. He is a pitcher who bats and throws right handed. By subscribing, I agree to the Terms of Use and Privacy Policy. All information these cookies collect is aggregated and therefore anonymous. All Rights Reserved |, Vince Sadusky, who led the company since mid-2018, Eli Velzquez tapped to lead Telemundo Deportes, Maclovio Perez joins KAVU as chief meteorologist, Lorena Incln returns to Miami as reporter for NBC6 and Telemundo51, Elizabeth Valds retires from Telemundo network, Linda Guerrero joins Americano Media as anchor. . wade davis univision salary. They acquired the company for $13.7 billion in 2007, beating out a rival bid from Televisa. He was in the Royals starting rotation in 2013 but moved to the bullpen where he played in 2014. 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 . Davis was previously Viacom's chief . Login Here. - Veteran media executive Wade Davis to become CEO of Univision upon closing . However, blocking some types of cookies may impact your experience of the site and the services we are able to offer. Achieving our objectives will require new ways of working together, diversity of perspectives and in some cases new talent and skillsets. 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. Adam Jacobson. 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 . 2023 Deadline Hollywood, LLC. They lead not only in general, but in the categories I referenced: news, sports, music and entertainment. These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. Thank you, you'll be receiving newsletter updates from us in your email inbox. Wade C Davis is Chief Executive Officer at Univision Communications Inc. See Wade C Davis's compensation, career history, education, & memberships. Streamline RBR, Inc. All rights reserved. Deadline is a part of Penske Media Corporation. Subscribe for full access to The Hollywood Reporter. 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. Giant Miami-based Spanish language broadcaster Univision is being acquired by two private investment firms, ForgeLight and Searchlight Capital Partners, and will enter a new era led by Wade Davis Theres no question that Univision has the scale it needs to have. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. Jon has been business editor of Broadcasting+Cable since 2010. All Rights Reserved. December 1, 2021. Vince Sadusky, Univision CEO, spoke of a re-energized and refocused company and said today marks the start of an exciting new chapter with partners that recognize the excellent position Univision is in.. The group includes . Media executive Wade Davis is heading up a private group to buy a majority stake in the company and will be its new CEO. And thats back to whats so unique about this business. By. Show more. Its important to keep in mind this wasnt the sale of the company in which you would disclose the terms of a transaction for the totality of the company. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. Previously he was a Board Observer on the Board of Directors of Roku, the rotational Chairman of the Rhapsody/Napster Board and on the Board of Viacom18 India. Former Viacom Inc. CFO Wade Davis is finalizing a . 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. And its for sure the case that if you look at the competitive landscape, there is no high-quality differentiated OTT offering at scale. He takes over the reins from Vince Sadusky, who led the company since mid-2018, when he replaced Randy Falco.. Wade Davis Dario Acosta/Courtesy of Viacom. 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. The Hollywood Reporter is a part of Penske Media Corporation. Send us a tip using our annonymous form. Univision Holdings, Inc. Salaries. 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. Televisa has a shared history with Univision dating back many years and a deep strategic relationship today. 2022: Transcript : Tikehau Capital, H1 2022 Earnings Call, Jul 28, 2022 . It's a done deal. Incoming CEO Wade Davis -- a former Roku board member --reportedly feels existing streamer Univision Now hasn't been sufficiently promoted, and wants to offer a service with more robust content. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago. They have no renewals for multiple years going forward. The oldest company is Fisher Communications, founded in 1910. . Click on the different category headings to find out more and change our default settings. The information does not usually directly identify you, but it can give you a more personalised web experience. AdvancePath was successfully sold to Graduation Alliance. Each of these leaders understand the need to optimize Univisions core businesses to meet its audience where they are and evolve its content, platforms and products to reach the market in new ways, Davis said. Future US, Inc. Full 7th Floor, 130 West 42nd Street, 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. How much do Univision employees make? 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. May not be copied or duplicated without express written permission. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX, Chief Executive Officer, Univision Communications Inc. We want to hear from you! Univision Communications, the nation's largest Spanish-language media company, is nearing a sale to an investment group led by former Viacom executive Wade Davis . As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . Can you discuss your strategy focus for Univision, and specifically bringing the traditional broadcaster into the streaming-first space? The latest from the Univision Sports team. Searchlight Capital Partners and ForgeLight to Acquire Majority Stake in Univision. Biography. He played in their minor league system before making his MLB debut for the Rays in 2009 where he played through the 2012 season. The highest-paying job at Univision is a Vice President with a salary of $325,473 per year. We welcome all corrections and feedback using the button below. About. Wade Davis - 2021 Salary & ContractWade Davis salary is $1,250,000 per year, including a $0 signing bonus. Feb. 14, 2020 2:06 PM PT. Hemisphere Media Group, Platinum Equity and former Viacom CFO Wade Davis have made overtures to Univision. Learn from our experts on Hispanic consumers. Univision employees attributed a compensation and benefits rating of 3.1/5 stars to their company. What is Univision doing well now and what needs improvement? And to the extent we can talk about the strategy publicly, that something thats going to happen in due time. If you do not allow these cookies, you will experience less targeted advertising. 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 Career Earnings: Year Basic Salary NEW YORK With the transition in power from Vince Sadusky to Wade Davis at Univision Communications in January 2021, a veteran sales . Prior to founding ForgeLight, Davis served as EVP & CFO for Viacom, where he played a key role in driving a turnaround of the business. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year, he talked to The Hollywood Reporter about his plans to capitalize on the fast-growing Latino demo in the news, sports, entertainment and music spaces. 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. Theyve done a great job of de-levering the balance sheet. As previously disclosed, under the terms of the acquisition, investors including Searchlight and ForgeLight purchased an approximately 64 percent ownership interest in Univision from an investor group including Madison Dearborn Partners, Providence Equity Partners, TPG, Thomas H. Lee Partners and Saban Capital Group. CEO of TelevisaUnivision, Inc. Bernardo Gmez Martinez. 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 . This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. . And theyve done an incredible job of refreshing their entertainment slate, with Televisa and selection productions on their own. Salary: $4.8 Million Date of Birth: Sep 7, 1985 (37 years old) Place of Birth . Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 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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