This interview has been edited for brevity and clarity. Thorough reviews have been conducted to assure this data accurately reflects disclosures. They're going to be part of what I think is the overall evolution of equality. You will be redirected back to your article in, 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. 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. Wade Davis owns about 42,424 units of Viacom Inc common stock. Betweenintergenerational differences and specific skillsets, CFOs need to get a handle on how FP&A execs operate. 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. Joe Uva is a giant in the media . He currently resides in Lake Wales, Florida, USA. A Broadcasting & Cable Hall of Fame honoree, Uva now runs Gull Point Advisors and is the non-executive board chair for Revolver Podcasts. As of August 2022, Viacom is estimated to have a net worth of $15 billion. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Wade Davis. What is Wade Davis's Net Worth? "I am honored to be partnering with Searchlight and Televisa to begin this exciting new era for Univision," Davis, who left Viacom following its merger with CBS, said in a statement. As of March 2023, Viacom is estimated to have a net worth of $15 billion. 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 Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexico's Grupo Televisa announced Tuesday they've completed the. So, how much is Wade Davis worth at the age of 45 years old? He is from Canada. Mexicos Grupo Televisa SAB, the companys longtime partner, will retain its 36% stake in Univision. These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. Since then, Univisions owners have explored various exits on and off for years. Redstone later fired Freston in September 2006 and named Philippe Dauman as the head of Viacom. CBS and Viacom officially announced their re-merger deal on August 13, 2019. All proxy statements are public filings made available to the general public by the SEC. Those are bubbling up to the forefront. Send us a tip using our annonymous form. Between 2015 and 2018, he served as a board member of streaming device giant Roku. 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.. 2020. Use of Data / DisclaimerThe information shown here is a reporting of information included in the company's proxy statement. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Wade Daviss firm to make purchase with Searchlight Capital, Grupo Televisa to retain 36% of Spanish-language broadcaster. The deal, first . The value finance leaders bring to operations is varied but they share a forward-looking vision. Also. Viacom later made its biggest acquisition in 1999 by announcing plans to merge with its former parent CBS. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. Univision announced plans to explore its options last summer. Viacom Inc (VIAB) Q2 2019 Earnings Call wade davis Viacom. All rights reserved. Wade Davis's largest purchase order was 28,710 units , worth over We have estimated Wade Davis's net worth , money, salary, income, and assets. They not only understand the tastes of the community, they're the tastemakers. New York, NY 10036. . Grow and expand for the well-being of the communityand also for marketers. Streaming has been a mainstay of Davis' career. The deal was completed on December 4, 2019. c/o Viacom Inc. 1515 Broadway. However, the companies were to trade under the ownership of national amusements due to stagnating stock price. Benefits (BMV:TLEVISA CPO) for approximately $5.2 billion. Wade Davis. There were layoffs and turmoil in management ranks culminating with a shakeup that saw Vince Sadusky replace CEO Randy Falco. 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. WORTH Published on February 9, 2020 . Before joining Netflix, Wade consulted for Google, P&G, Viacom & Bacardi. This has been evident by the number of awards and nominations as well as honors they have received over the years. 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? (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. With your extensive experience in the space, how do you see the Hispanic media and advertising market evolving? Their constant commitment to the Telemundo Super Series, those 10 oclock shows which have been running since back when I was there, have really helped them get to parity. "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. Viacom promotes Wade Davis to CFO. . 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. In all seriousness, I think Wade has a unique opportunity. $992.22K . 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. Univision has been privately owned since a $12.7 billion deal in 2007, The Hollywood Reporter wrote. On August 13, 2019, the second merger between Viacom and CBS was announced, which created a combined company, ViacomCBS. The. The most active traders at the company are Insider trading is most common in May, with the busiest year in 2005. Dallas-Fort Worth Metroplex. This documentary-style series follows investigative journalists as they uncover the truth. 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. 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, $2,397,775 was awarded as stock and $29,255 came from other types of compensation. An indispensable guide to finance, investing and entrepreneurship. The Advice Former Univision Chief Joe Uva Would Give New CEO Wade Davis. 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. Its a huge opportunity that is completely open from a competitive standpoint.. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Wade is a new board member of the Ms. Foundation for Women, as well as a United Nations Women Global Impact . The merger was completed in 2000, and in 2001 Viacom completed its purchase of Black Entertainment Television (BET). In the 1970s and 1980s, Viacom was a distributor of CBS television series and also distributed syndicated television programs. Joe Uva is a giant in the media and advertising world. Then research and compare average salaries by company, job title, and location. 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. 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. 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. 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. Later in 1987, Viacom bought MTV networks, which owned MTV and Nickelodeon. That's a lot of trust. Wade is a United Nations Women Global Impact Champion, a Ms . Find contact's direct phone number, email address, work history, and more. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. "It's a huge opportunity that is completely open from a competitive standpoint.". Wade Davis's largest sale order was 12,755 units , worth over I write about media, entertainment and diversity. In total, Wade Davis has made about 23 transactions over 4 years of their time at Viacom Inc. Malones Liberty Global had also considered joining the bidding. 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. Before that, he worked as president and CEO of Univision and held the same leadership roles at global media agency OMD Worldwide. Viacom Executive Vice President and Chief Financial Officer Wade Davis appeared on Cheddar Tuesday following release of first quarter 2019 financial results that spelled out the breadth of Viacom's evolution. What He Should Have Said. - Wade Davis Net Worth Stats - When is Wade Davis's birthday? In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. However, CBS Corporation retained over-the-air broadcasting, television production, pay television subscription service and publishing assets. VIAB Warren Buffetts Letter Ducked Some Big Issues. $4.8 Million Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. He was previously a media and tech investment banker. 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. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. Get our latest storiesin the feed of your favorite networks. Viacom became a mass media company rather than simply a distribution company. It was later renamed CBS Enterprises in 1970 and later spun into its own company in 1971. So, how much is Wade Davis worth at the age of 69 years old? Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Southwest Airlines, +4 more They also had one television station, WAST, in Albany, New York. I remember research about Univision that said, among U.S. Hispanics, Univision was the most trusted institution, except for the Catholic Church. That it will cost him $1,000 an hour. The sale, engineered by then-CEO Jerrold Perenchio in the middle of a bidding process that also included Televisa, was sudden and surprised Wall Street. Viacom was also up for four nominations following its national wins. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . And the Catholic Church just barely beat the TV network. 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 . $992.22K on May 15, 2017. Some of these accolades include; Best Music or Dance Program Award and Best Entertainment Presenter Host with Salman Khan in Bigg Boss Season 11. 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, $2,397,775 was awarded as stock and . 2023 Deadline Hollywood, LLC. Jobs Find open jobs near you. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. 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. and Shari Redstone, Director It sold itself to a consortium of private equity firms, including Providence Equity Partners, Madison Dearborn Partners, Texas Pacific Group and Thomas H. Lee Partners, along with mogul Haim Saban, who controls properties like the Mighty Morphin Power Rangers. 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. 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. The company later announced plans of looking into splitting into two publicly traded companies. 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. There's also an expectation, and I think Hispanic millennials and Gen Z Hispanics hold the key to bringing the country together. 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. CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? 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Viacom later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. As of 2023, Wade Davis's net worth is $100,000 - $1M. You may also find the annual proxy statement by going directly to the company's website. SHARE. Opinions expressed by Forbes Contributors are their own. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. By subscribing, I agree to the Terms of Use and Privacy Policy. In 1983, Viacom acquired again its premium channel Showtime which later merged with the warner-AMEX movie channel. Viacom was later renamed CBS Corporation, thus restoring its pre-merger name. The split was approved by Viacoms board on June 14, 2005, and took effect on January 1, 2006. 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. 2 Spanish-language broadcaster in the U.S., offers programming on streaming site Peacock, which its parent company, Comcast Corp., owns. Davis will be CEO. 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. Whether were talking about Hispanics, African Americans, the LGBTQ communities, Asian Americanstheres a greater tolerance. Wade Davis (born September 7, 1985) is famous for being baseball player. 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. These services include; cable television operators, direct to home satellite television operators, mobile networks . The $13.7 billion deal included the assumption of the companys $1.4 billion in debt. I think Telemundo has done a remarkable job in terms of diversity of content and appealing to a younger Latinx Gen Z audience. We want to hear from you! Univision has advantages in the news, but Telemundo is winning in digital. 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