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. You, For Wade is a new board member of the Ms. Foundation for Women, as well as a United Nations Women Global Impact . Viacom Inc (VIAB) Q2 2019 Earnings Call wade davis Viacom. 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. Deadline is a part of Penske Media Corporation. How to Apply for a Job During the Coronavirus Pandemic, For 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. 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. Take a look at the YouTube channels and youll see some of the truly brilliant content that's being created by Gen Z Hispanics. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. $992.22K . If Wade Davis, former Viacom However, CBS Corporation retained over-the-air broadcasting, television production, pay television subscription service and publishing assets. . Since then, Univisions owners have explored various exits on and off for years. 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. 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.. document.write(new Date().getFullYear()); Salary.com. 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. 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. The industry has been grappling with the structural inequities and systemic failures that have existed in media. 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. Its a huge opportunity that is completely open from a competitive standpoint.. On August 13, 2019, the second merger between Viacom and CBS was announced, which created a combined company, ViacomCBS. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. 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. The systems were located in Dayton, San Francisco, Nashville, and Seattle Metropolitan areas. 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. This documentary-style series follows investigative journalists as they uncover the truth. 2023 Deadline Hollywood, LLC. A Broadcasting & Cable Hall of Fame honoree, Uva now runs Gull Point Advisors and is the non-executive board chair for Revolver Podcasts. This resulted in Viacom return to operating radio stations after it originally exited the broadcast radio business in 1997. 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. Directory List Lowercase 2.3 Big | PDF | Internet Forum . At that point, it was a thriving media conglomerate bringing in some $2 billion a year in revenue from its broadcast flagship, cable channels, local TV and radio stations, and a music division. While at Viacom, Davis oversaw the acquisition of free streaming service Pluto TV. Opinions expressed by Forbes Contributors are their own. 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? Prior to joining Netflix, Wade consulted for Google, P&G,Viacom & Bacardi. 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. Viacom promotes Wade Davis to CFO. Univision has been privately owned since a $12.7 billion deal in 2007, The Hollywood Reporter wrote. Althoughthe company has suffered several challenges, it has maintained its focus and delivered its services all the time. The company comprised of MTV Networks, BET Networks, Paramount Pictures, and Paramount Pictures Home Entertainment. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. Its a huge opportunity that is completely open from a competitive standpoint.. 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. Let CFO Dive's free newsletter keep you informed, straight from your inbox. 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. Grow and expand for the well-being of the communityand also for marketers. . This reversed the Viacom/CBS merger in 1999. 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. Net worth of Viacom in 2022. The company has generated its revenue through fees from the distribution of programming and program services. Viacom Inc. (Video & Audio Communications) was an American multinational mass media conglomerate with interests primarily in film and television. Why? Salaries Viacom was later renamed CBS Corporation, thus restoring its pre-merger name. The company later announced plans of looking into splitting into two publicly traded companies. Net Worth Comparison Upcoming Birthday Wade Davis Net Worth His net worth has been growing significantly in 2021-2022. Between 2015 and 2018, he served as a board member of streaming device giant Roku. 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. MLB pitcher who began his career with the Tampa Bay Rays in 2009. Insider trading is most common in May, with the busiest year in 2005. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? Its a remarkable position. Davis, who spent 14 years as Viacom finance chief,replaces Vince Sadusky, who has been Univision's CEO since 2018. As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. The. A planned initial public offering in 2015 was scratched. He served as chairman of NBCU Hispanic Enterprises and Content, which includes television network Telemundo. These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. (Photo by Rodrigo Varela/WireImage). So, how much is Wade Davis worth at the age of 45 years old? Later in 1987, Viacom bought MTV networks, which owned MTV and Nickelodeon. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. Univision Communications Inc. plans to launch a streaming service this year. Viacom later fully acquired Showtime/the movie channel in 1985 from Warner-Amex. 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. However, the companies were to trade under the ownership of national amusements due to stagnating stock price. Jobs The merger was completed in 2000, and in 2001 Viacom completed its purchase of Black Entertainment Television (BET). Those are bubbling up to the forefront. 2 Spanish-language broadcaster in the U.S., offers programming on streaming site Peacock, which its parent company, Comcast Corp., owns. The deal, first . Univision Communications Inc. completed the acquisition of Content and Media Assets of Grupo Televisa, S.A.B. Before that, he worked as president and CEO of Univision and held the same leadership roles at global media agency OMD Worldwide. No, I'm just kidding! Joe Uva is a giant in the media and advertising world. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. It's a place where Hispanics can go forinformation they can trust. We are excited to be part of this new phase of Univision. As of March 2023, Viacom is estimated to have a net worth of $15 billion. There were layoffs and turmoil in management ranks culminating with a shakeup that saw Vince Sadusky replace CEO Randy Falco. Job, Small "When you look at earning versus expectations we grew revenue, we . So, how much is Wade Davis worth at the age of 69 years old? ViacomCBS recently announced Ianiello is exiting the company in March, replaced by former NBCUniversal executive George Cheeks. Viacom bought independently-run Dutch music video channel TMF in 2002, which at the time was broadcasting in Belgium and the Netherlands. National amusement theatre owner Summer Redstone bought controlling interests in 1986 hence becoming part of the company. Wade Davis (born September 7, 1985) is famous for being baseball player. 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. 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. Send us a tip using our annonymous form. 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. These services include; cable television operators, direct to home satellite television operators, mobile networks, and subscription-based video on demand. 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. Viacom later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. My advice to Wade would be to leverage that as much as he can. . 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. WD. 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. SHARE. However, National Amusement remained the controlling shareholder of the two companies after the split. They also had one television station, WAST, in Albany, New York. Viacom Inc's most recent insider trade came on May 15, 2017 by This article is more than 2 years old. 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