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 . Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Wade Daviss firm to make purchase with Searchlight Capital, Grupo Televisa to retain 36% of Spanish-language broadcaster. 2023 Deadline Hollywood, LLC. Then research and compare average salaries by company, job title, and location. The Advice Former Univision Chief Joe Uva Would Give New CEO Wade Davis. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. Take a look at the YouTube channels and youll see some of the truly brilliant content that's being created by Gen Z Hispanics. He currently resides in Lake Wales, Florida, USA. 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. Wade Davis's largest sale order was 12,755 units , worth over Malones Liberty Global had also considered joining the bidding. Job, Small 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. 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. Send us a tip using our annonymous form. CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? Viacom Inc's most recent insider trade came on May 15, 2017 by 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. Why? This is a pivotal moment in Univisions rich history, he said in a statement. While at Viacom, Davis oversaw the acquisition of free streaming service Pluto TV. Prior to joining Netflix, Wade consulted for Google, P&G,Viacom & Bacardi. 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. Univision Communications Inc. plans to launch a streaming service this year. 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. 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. Signup for Breaking News Alerts & Newsletters. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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. Listen to the full episode of The Revolucin Podcast featuring Joe Uva with co-hosts Ana Crandell, Diego Lastra and Court Stroud on iHeartMedia, Spotify,Apple Podcasts,Google Podcasts,Amazon Podcasts,or byclicking here. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. Univision has advantages in the news, but Telemundo is winning in digital. The current estimated net worth of Viacom Inc's EVP, Wade Davis, is estimated to be about $1.65M . The deal, first . solution. Get the free daily newsletter read by industry experts. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. 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. 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You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). 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 . Get our latest storiesin the feed of your favorite networks. . 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. Stay competitive with the world's most innovative compensation software Viacoms first broadcast-station acquisition was in 1978 when the company bought WHNB-TV in new Britain, Connecticut changing its call letters to WVIT. No, I'm just kidding! Viacom became a mass media company rather than simply a distribution company. We want to hear from you! A planned initial public offering in 2015 was scratched. WORTH Published on February 9, 2020 . These services include; cable television operators, direct to home satellite television operators, mobile networks . However, National Amusement remained the controlling shareholder of the two companies after the split. The deal was completed on December 4, 2019. 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. 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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. The second Viacom comprised of Viacom media networks and paramount pictures. 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. 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. Matt Beake, a spokesman for Liberty Global in London, told Deadline last month, This is a small investment that Liberty Global Ventures is exploring. He specified that any transaction would go through Liberty Global Ventures, the investment arm of Liberty Global. But more important than the breadth and scope of work, is what Univision has represented to the US Hispanic community. In the last 14 years, insiders at Viacom Inc have sold an estimated value of $1.1B Wade Davis Dario Acosta/Courtesy of Viacom. "It's a huge opportunity that is completely open from a competitive standpoint.". "I thought it was a really strong quarter for us," Davis said. Mexicos Grupo Televisa SAB, the companys longtime partner, will retain its 36% stake in Univision. But Univision will face competition for viewers from a growing number of Spanish-language programs on services like Netflix, which has over 36 million Latin American subscribers, and several original series in Spanish, Bloomberg wrote, adding that Telemundo, the No. The value finance leaders bring to operations is varied but they share a forward-looking vision. 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 . Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. Before joining Netflix, Wade consulted for Google, P&G, Viacom & Bacardi. 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. View Wade Davis's business profile as Chief Executive Officer at TelevisaUnivision. Opinions expressed by Forbes Contributors are their own. Wade Davis's largest purchase order was 28,710 units , worth over 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. 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. 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. That it will cost him $1,000 an hour. By subscribing, I agree to the Terms of Use and Privacy Policy. Viacom Inc. (Video & Audio Communications) was an American multinational mass media conglomerate with interests primarily in film and television. What is a proxy statement?A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. (Photo by Rodrigo Varela/WireImage). Wade Davis's income source is mostly from being a successful Writer. Wade Davis who bought 28,710 units worth A Univision spokesperson declined Bloomberg's requests for comment. Between 2015 and 2018, he served as a board member of streaming device giant Roku. He is from Canada. Viacom later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. We are excited to be part of this new phase of Univision. 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. They also had one television station, WAST, in Albany, New York. All Rights Reserved. The company has generated its revenue through fees from the distribution of programming and program services. Find contact's direct phone number, email address, work history, and more. Viacom Net Worth. Sumner M Redstone, Director, 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. 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. There are 100+ professionals named "Wade Davis", who use LinkedIn to exchange information, ideas, and opportunities. He won the AL Pennant with the Royals in 2014 and the World Series with the team in 2015. Wade Davis was born in Lake Wales, Florida in September. The company has generated its revenue through fees from the distribution of programming and program services. 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. 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. $992.22K on May 15, 2017. Ratings suffered from shifts in the television landscape and competition from rival Telemundo. Wade Davis Social Network Timeline 2015 Joe Uva is a giant in the media and advertising world. All rights reserved. Warren Buffetts Letter Ducked Some Big Issues. Southwest Airlines, +4 more It was formed as a spin-off of the first Viacom on December 31, 2005. 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. Find out what you should earn with a customized salary estimate and negotiate with confidence. The systems were located in Dayton, San Francisco, Nashville, and Seattle Metropolitan areas. All proxy statements are public filings made available to the general public by the SEC. MLB pitcher who began his career with the Tampa Bay Rays in 2009. I don't think it happens overnight. . Wade Davis Chief Executive Officer at TelevisaUnivision Inc. Miami, Florida, United States 1K followers 500+ connections Join to view profile TelevisaUnivision Williams College Activity Exciting. This reversed the Viacom/CBS merger in 1999. 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.. 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. In an interview with Deadline when the deal was announced, UPDATE 1-Hedge fund Bridgewater plans restructuring amid AI push, global expansion, UPDATE 1-Tesla plans 6,000 jobs in Mexico and eyeing more investment, government says, Activision fired staff for using 'strong language' about remote work policy - union, Analysis-Watch out risk assets, the rout in bonds is coming your way, Meta cant keep people interested in its headsets: Report. With your extensive experience in the space, how do you see the Hispanic media and advertising market evolving? Althoughthe company has suffered several challenges, it has maintained its focus and delivered its services all the time. Salary in 2022. There were layoffs and turmoil in management ranks culminating with a shakeup that saw Vince Sadusky replace CEO Randy Falco. You, For Net Worth in 2022. And the Catholic Church just barely beat the TV network. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. He was previously a media and tech investment banker. . In the last 4 years at Viacom Inc, Wade Davis has sold an estimated value of $3.08M worth. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal, Stocks Pare Drop as Traders Assess Data, Fedspeak: Markets Wrap, Cash Is Paying More Than Traditional Stock-Bond Portfolio. Save my name, email, and website in this browser for the next time I comment. Deadline is a part of Penske Media Corporation. 2023 Deadline Hollywood, LLC. You may also find the annual proxy statement by going directly to the company's website. 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. 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. He served as chairman of NBCU Hispanic Enterprises and Content, which includes television network Telemundo. Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. Viacom was also up for four nominations following its national wins. 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. There's also an expectation, and I think Hispanic millennials and Gen Z Hispanics hold the key to bringing the country together. This documentary-style series follows investigative journalists as they uncover the truth. Wade Davis owns about 42,424 units of Viacom Inc common stock. This interview has been edited for brevity and clarity. Net Worth Comparison Upcoming Birthday 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. I remember research about Univision that said, among U.S. Hispanics, Univision was the most trusted institution, except for the Catholic Church. 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. ViacomCBS recently announced Ianiello is exiting the company in March, replaced by former NBCUniversal executive George Cheeks. Bloomberg Markets Americas. As of August 2022, Viacom is estimated to have a net worth of $15 billion. Get our latest storiesin the feed of your favorite networks. 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. This has been evident by the number of awards and nominations as well as honors they have received over the years. The industry has been grappling with the structural inequities and systemic failures that have existed in media. 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. The news, but Telemundo is winning in digital remained wade davis viacom net worth controlling shareholder of the companies... 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