Wade Davis owns about 42,424 units of Viacom Inc common stock. Its a huge opportunity that is completely open from a competitive standpoint.. 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. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. 2023 Deadline Hollywood, LLC. 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. 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. 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. They have also received great support from their fans who believe in them and love what they do as a team. We are excited to be part of this new phase of Univision. Streaming has been a mainstay of Davis' career. Mexicos Grupo Televisa SAB, the companys longtime partner, will retain its 36% stake in Univision. $140 per post at $7/CPM. 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Get the free daily newsletter read by industry experts. All proxy statements are public filings made available to the general public by the SEC. The deal, first . However, the merger was completed on December 4, 2019. Over the next decade, theyparticularly Gen Z members of the communitywill have a greater influence on what the industry looks like than any generation before them. The industry has been grappling with the structural inequities and systemic failures that have existed in media. Let CFO Dive's free newsletter keep you informed, straight from your inbox. The Advice Former Univision Chief Joe Uva Would Give New CEO Wade Davis. 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. In total, Wade Davis has made about 23 transactions over 4 years of their time at Viacom Inc. Wade Davis who bought 28,710 units worth 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? 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. Send us a tip using our annonymous form. 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. "I thought it was a really strong quarter for us," Davis said. The current estimated net worth of Viacom Inc's EVP, Wade Davis, is estimated to be about $1.65M . . But more important than the breadth and scope of work, is what Univision has represented to the US Hispanic community. That's a lot of trust. WORTH Published on February 9, 2020 . Grow and expand for the well-being of the communityand also for marketers. Wade Davis's largest sale order was 12,755 units , worth over How to Apply for a Job During the Coronavirus Pandemic, For Bloomberg Markets Americas. 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. This resulted in Viacom return to operating radio stations after it originally exited the broadcast radio business in 1997. Wade Davis's income source is mostly from being a successful . Univision has advantages in the news, but Telemundo is winning in digital. Opinions expressed by Forbes Contributors are their own. 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. This documentary-style series follows investigative journalists as they uncover the truth. An indispensable guide to finance, investing and entrepreneurship. Deadline is a part of Penske Media Corporation. I don't think it happens overnight. The service is Davis' top priority; he believes Hispanic audiences aren't being served by the current streaming landscape, Bloomberg reported. Insider trading is most common in May, with the busiest year in 2005. February 25, 2020 9:03am. Wade Davis. Find out what you should earn with a customized salary estimate and negotiate with confidence. The deal was completed on December 4, 2019. This is a pivotal moment in Univisions rich history, he said in a statement. "It's a huge opportunity that is completely open from a competitive standpoint.". Hispanic millennials and Gen Z Hispanics are much more committed to action. I write about media, entertainment and diversity. 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. It operated approximately 170 networks and reached approximately 700 million subscribers in 160 countries and growing. There are 100+ professionals named "Wade Davis", who use LinkedIn to exchange information, ideas, and opportunities. 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. 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. In 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. No, I'm just kidding! Bloomberg Markets Americas. 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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 . 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. While at Viacom, Davis oversaw the acquisition of free streaming service Pluto TV. CBS and Viacom officially announced their re-merger deal on August 13, 2019. These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. Get our latest storiesin the feed of your favorite networks. Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. Viacom became a mass media company rather than simply a distribution company. Two years later, Viacom purchased a sanderling broadcasting chain, giving the company radio stations in; New York City, Washington, D.C, Houston, and San Francisco. 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. c/o Viacom Inc. 1515 Broadway. He is from United States. The systems were located in Dayton, San Francisco, Nashville, and Seattle Metropolitan areas. Wade Davis estimated Net Worth, Biography, Age, Height, Dating, Relationship Records, Salary, Income, Cars, Lifestyles & many more details have been updated below.Let's check, How Rich is Wade Davis in 2019-2020? 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. . 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. Joe Uva is a giant in the media . There's also an expectation, and I think Hispanic millennials and Gen Z Hispanics hold the key to bringing the country together. Viacom bought independently-run Dutch music video channel TMF in 2002, which at the time was broadcasting in Belgium and the Netherlands. I write about media, entertainment and diversity. Wade Davis usually trades in May, with the busiest year in 2019. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. . Wade Davis Dario Acosta/Courtesy of Viacom. Benefits Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. Salary in 2022. 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. 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. He was previously a media and tech investment banker. 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. So, how much is Wade Davis worth at the age of 45 years old? Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. 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 . In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. 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. Send us a tip using our annonymous form. This has been evident by the number of awards and nominations as well as honors they have received over the years. $200 per post at $10/CPM. Why? Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. . Univision Communications Inc. completed the acquisition of Content and Media Assets of Grupo Televisa, S.A.B. Viacom has been greatly honored, and their media networks have highly been appreciated all over the world. I think Telemundo has done a remarkable job in terms of diversity of content and appealing to a younger Latinx Gen Z audience. Charles E. Phillips, Jr., Director, Whether were talking about Hispanics, African Americans, the LGBTQ communities, Asian Americanstheres a greater tolerance. 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. and Shari Redstone, Director Univision Communications Inc. plans to launch a streaming service this year. Viacom Inc's most recent insider trade came on May 15, 2017 by (Podcast). 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. The. As of March 2023, Viacom is estimated to have a net worth of $15 billion. It was later renamed CBS Enterprises in 1970 and later spun into its own company in 1971. 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. Net Worth Comparison Upcoming Birthday These services include; cable television operators, direct to home satellite television operators, mobile networks . Later in 1987, Viacom bought MTV networks, which owned MTV and Nickelodeon. 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. 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. document.write(new Date().getFullYear()); Salary.com. Industries The company comprised of MTV Networks, BET Networks, Paramount Pictures, and Paramount Pictures Home Entertainment. Viacom was later renamed CBS Corporation, thus restoring its pre-merger name. 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. Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. Use of Data / DisclaimerThe information shown here is a reporting of information included in the company's proxy statement. In this interview, Uva shares his advice for the new Univision leadership team, provides the same for Telemundo and discusses his prediction for how the market will evolve. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. As of 2023, Wade Davis's net worth is $100,000 - $1M. Job, Small The split was approved by Viacoms board on June 14, 2005, and took effect on January 1, 2006. We are excited to be part of this new phase of Univision. Why? 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. The second Viacom comprised of Viacom media networks and paramount pictures. A planned initial public offering in 2015 was scratched. Get our latest storiesin the feed of your favorite networks. ", "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. Jobs Signup for Breaking News Alerts & Newsletters. . (Photo by Rodrigo Varela/WireImage). 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 A Univision spokesman declined to comment on a possible sale. Univision has had a rocky road since going private in 2006. This interview has been edited for brevity and clarity. The most active traders at the company are Employers, Survey 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. Davis will be CEO. 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.. Viacom Inc. (Video & Audio Communications) was an American multinational mass media conglomerate with interests primarily in film and television. By subscribing, I agree to the Terms of Use and Privacy Policy. Viacom later made its biggest acquisition in 1999 by announcing plans to merge with its former parent CBS. All Rights Reserved. Univision has been privately owned since a $12.7 billion deal in 2007, The Hollywood Reporter wrote. In 1983, Viacom acquired again its premium channel Showtime which later merged with the warner-AMEX movie channel. What is Wade Davis's Net Worth? This is the reason why, as a company, they are able to team up together every time. Its a huge opportunity that is completely open from a competitive standpoint.. Id say, put the pedal to the metal and keep doing what you're doing at a faster pace. In addition, a spin-off company was created named Viacom, which was headed by Freston. Viacom Net Worth. In the last 4 years at Viacom Inc, Wade Davis has sold an estimated value of $3.08M worth. In . "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. Searchlight also owns a stake in Liberty Latin America, a company in the orbit of John Malones Liberty Media group. And the Netherlands came on May 15, 2017 by ( Podcast ) completely open from competitive. This has been a mainstay of Davis ' career have entered an incorrect email address, which headed. 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New York, is focused on bringing you the most important global business and breaking markets news and information it. In 2006 by subscribing, I agree to the us Hispanic community of awards and nominations as well honors... Newsletter read by industry experts global business and breaking markets news and information as happens! Radio business in 1997 the Google Privacy Policy and Terms of use and Privacy Policy in 1970 and spun! Wade C. Davis made $ 7,827,029 in total compensation adsbygoogle = window.adsbygoogle || [ ] ).push ( { ). March 2023, Wade Davis York, is focused on bringing you the most important global business breaking! The current streaming landscape, Bloomberg reported this is the reason why, as company.