Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. You're absolutely right. Viacom has promoted Wade Davis to chief financial officer, replacing Jimmy Barge. Also. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. Send us a tip using our annonymous form. 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. Get the free daily newsletter read by industry experts. 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. When I look at the two companies, the Telemundo advantage is that their digital portfolio and their digital offerings are far more connected to the interest of the younger Hispanic generations. This is a pivotal moment in Univisions rich history, he said in a statement. document.write(new Date().getFullYear()); Salary.com. In the last 4 years at Viacom Inc, Wade Davis has sold an estimated value of $3.08M worth. Wade Davis Net Worth (2021 Update) Wade Davis and Searchlight Capital Partners. However, CBS Corporation retained over-the-air broadcasting, television production, pay television subscription service and publishing assets. Univision has advantages in the news, but Telemundo is winning in digital. 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). . This documentary-style series follows investigative journalists as they uncover the truth. 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 . 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. For the latest news, follow us on Facebook, Twitter, and Instagram. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. So, how much is Wade Davis worth at the age of 69 years old? On August 13, 2019, the second merger between Viacom and CBS was announced, which created a combined company, ViacomCBS. Whether were talking about Hispanics, African Americans, the LGBTQ communities, Asian Americanstheres a greater tolerance. 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. Its a remarkable position. It will truly be an evolution. I remember research about Univision that said, among U.S. Hispanics, Univision was the most trusted institution, except for the Catholic Church. Find open jobs near you. Companies Southwest Airlines, +4 more The spin-off was structured in a way that CBS Corporation would be the legal successor to first Viacom whiles the second Viacom being a separate company. Univision is a truly wonderful collection of assets. 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. Take a look at the YouTube channels and youll see some of the truly brilliant content that's being created by Gen Z Hispanics. 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. Hispanic millennials and Gen Z Hispanics are much more committed to action. 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. I don't think it happens overnight. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . 2020. Before joining Netflix, Wade consulted for Google, P&G, Viacom & Bacardi. And what Univision has been able to build over the years through their news operationshas been trust. 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 company has generated its revenue through fees from the distribution of programming and program services. In 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain. 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? The deal was completed on December 4, 2019. How to Apply for a Job During the Coronavirus Pandemic, For Viacom Inc's most recent insider trade came on May 15, 2017 by Charles E. Phillips, Jr., Director, 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. We want to hear from you! National amusement theatre owner Summer Redstone bought controlling interests in 1986 hence becoming part of the company. A Univision spokesman declined to comment on a possible sale. . Sumner M Redstone, Director, Wade Davis usually trades in May, with the busiest year in 2019. This is the reason why, as a company, they are able to team up together every time. 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. "It's a huge opportunity that is completely open from a competitive standpoint.". solution. Later in 1987, Viacom bought MTV networks, which owned MTV and Nickelodeon. Get our latest storiesin the feed of your favorite networks. Let CFO Dive's free newsletter keep you informed, straight from your inbox. 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. "When you look at earning versus expectations we grew revenue, we . "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. The most active traders at the company are ", Under Davis' leadership, Univision seeks to use its existing platforms and "pipeline of entertainment, sports and news content to deepen its relationship with the Hispanic community.". | 1 p.m. (BMV:TLEVISA CPO) for approximately $5.2 billion. Bloomberg Markets Americas. 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. You will be redirected back to your article in, Twitter Down: Elon Musks Social Network Suffers Outages On Wednesday Morning, 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, 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. 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. Before that, he worked as president and CEO of Univision and held the same leadership roles at global media agency OMD Worldwide. Wade Davis (born September 7, 1985) is famous for being baseball player. That it will cost him $1,000 an hour. 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. 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. Theyre extraordinarily creative and I think theyve found a voicefor themselves. WD. 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. Viacom later fully acquired Showtime/the movie channel in 1985 from Warner-Amex. Viacom operated several cable television systems from its formation in 1995. $200 per post at $10/CPM. Viacom Inc. (Video & Audio Communications) was an American multinational mass media conglomerate with interests primarily in film and television. 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. Redstone later fired Freston in September 2006 and named Philippe Dauman as the head of Viacom. 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. and bought an estimated value of $107.56M worth of shares. But it also took full advantage of the go-go market conditions, which were prompting a range of private equity holders to expand their footprints in many sectors of the economy. Signup for Breaking News Alerts & Newsletters. Skills Davis will be CEO. This resulted in Viacom return to operating radio stations after it originally exited the broadcast radio business in 1997. "I thought it was a really strong quarter for us," Davis said. Univision Communications Inc. plans to launch a streaming service this year. CBS and Viacom officially announced their re-merger deal on August 13, 2019. In . That's a lot of trust. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. While at Viacom, Davis oversaw the acquisition of free streaming service Pluto TV. (Photo by Rodrigo Varela/WireImage). Then research and compare average salaries by company, job title, and location. Deadline is a part of Penske Media Corporation. Viacom later made its biggest acquisition in 1999 by announcing plans to merge with its former parent CBS. unless such ownership constitutes a significant portion of your net worth. It was later renamed CBS Enterprises in 1970 and later spun into its own company in 1971. (Podcast). The company has generated its revenue through fees from the distribution of programming and program services. "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. 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. All proxy statements are public filings made available to the general public by the SEC. As of August 2022, Viacom is estimated to have a net worth of $15 billion. Prior to joining Netflix, Wade consulted for Google, P&G,Viacom & Bacardi. The industry has been grappling with the structural inequities and systemic failures that have existed in media. NYC Wade Davis 2016. 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. 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 Social Network Timeline 2015 Ratings suffered from shifts in the television landscape and competition from rival Telemundo. View Wade Davis's business profile as Chief Executive Officer at TelevisaUnivision. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. Univision has had a rocky road since going private in 2006. Why? However, National Amusement remained the controlling shareholder of the two companies after the split. Salaries This interview has been edited for brevity and clarity. 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