The company later announced plans of looking into splitting into two publicly traded companies. 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. Davis, who spent 14 years as Viacom finance chief,replaces Vince Sadusky, who has been Univision's CEO since 2018. They also had one television station, WAST, in Albany, New York. A Univision spokesman declined to comment on a possible sale. 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 . Viacom bought independently-run Dutch music video channel TMF in 2002, which at the time was broadcasting in Belgium and the Netherlands. Wade is a United Nations Women Global Impact Champion, a Ms . 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. What is Wade Davis's Net Worth? 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 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. CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? Insider trading is most common in May, with the busiest year in 2005. Wade Davis Social Network Timeline 2015 Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. How to Apply for a Job During the Coronavirus Pandemic, For The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Business. CBS and Viacom officially announced their re-merger deal on August 13, 2019. Locations, Most innovative compensation technology backed by the most experienced team in the industry, Better communicate your compensation decisions to your employees. 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. 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. An indispensable guide to finance, investing and entrepreneurship. Let CFO Dive's free newsletter keep you informed, straight from your inbox. 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. - Wade Davis Net Worth Stats - When is Wade Davis's birthday? MLB pitcher who began his career with the Tampa Bay Rays in 2009. $992.22K . and bought an estimated value of $107.56M worth of shares. Southwest Airlines, +4 more Viacom began as CBS films the syndication division of the CBS television network in 1952. Bloomberg Markets Americas. 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. The $13.7 billion deal included the assumption of the companys $1.4 billion in debt. Its a huge opportunity that is completely open from a competitive standpoint.. 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. Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! $200 per post at $10/CPM. Signup for Breaking News Alerts & Newsletters. Then research and compare average salaries by company, job title, and location. In the last 4 years at Viacom Inc, Wade Davis has sold an estimated value of $3.08M worth. 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 merger was completed in 2000, and in 2001 Viacom completed its purchase of Black Entertainment Television (BET). In addition, a spin-off company was created named Viacom, which was headed by Freston. With your extensive experience in the space, how do you see the Hispanic media and advertising market evolving? (Photo by Rodrigo Varela/WireImage). A Broadcasting & Cable Hall of Fame honoree, Uva now runs Gull Point Advisors and is the non-executive board chair for Revolver Podcasts. Univision Communications Inc. completed the acquisition of Content and Media Assets of Grupo Televisa, S.A.B. 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. Viacom Inc. (Video & Audio Communications) was an American multinational mass media conglomerate with interests primarily in film and television. Viacom was later renamed CBS Corporation, thus restoring its pre-merger name. Viacom Inc's most recent insider trade came on May 15, 2017 by Davis will be CEO. (BMV:TLEVISA CPO) for approximately $5.2 billion. Sumner M Redstone, Director, 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 . This resulted in Viacom return to operating radio stations after it originally exited the broadcast radio business in 1997. The two companies Viacom Inc. and CBS corporation succeeded the first Viacom, and they were both owned by National Amusements, which is a theater company controlled by businessman Summer Redstone. The. 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. NYC Wade Davis 2016. Viacom later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. Viacom was also up for four nominations following its national wins. Viacom Inc (VIAB) Q2 2019 Earnings Call wade davis Viacom. 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. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. I don't think it happens overnight. He is from Canada. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. WD. Wade Davis was born in Lake Wales, Florida in September. document.write(new Date().getFullYear()); Salary.com. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . Benefits Before that, he worked as president and CEO of Univision and held the same leadership roles at global media agency OMD Worldwide. Former Viacom CFO Wade Davis' ForgeLight and Searchlight Capital have closed their acquisition of Univision, the two investment companies announced Tuesday. $1 Million - $5 Million. I remember research about Univision that said, among U.S. Hispanics, Univision was the most trusted institution, except for the Catholic Church. 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. There were layoffs and turmoil in management ranks culminating with a shakeup that saw Vince Sadusky replace CEO Randy Falco. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Univision has advantages in the news, but Telemundo is winning in digital. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. 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 Ratings suffered from shifts in the television landscape and competition from rival Telemundo. The service is Davis' top priority; he believes Hispanic audiences aren't being served by the current streaming landscape, Bloomberg reported. This information is according to proxy statements filed for the . This interview has been edited for brevity and clarity. 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. He is from United States. 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