Earlier in his career, Davis spent nine years in M&A investment banking with ThinkEquity, Lazard, and Wasserstein Perella and led nearly $30B in total transactions, primarily in the tech, education and media sectors. Specialty Preview, Ozy Media Closes In Wake Of Founder Carlos Watson Scandal, TikTok Introduces New Feature To Limit Screen Time For Teens. Wade Davis Salary & Contract | Salary Sport Wade Davis Shakes Up Univision's C-Suite In A Major Way Use of any marks, trademarks, or logos on this website shall not constitute a sponsorship or endorsement by the trademark holder. They help us to know which pages are the most and least popular and see how visitors move around the site. Theyve refocused the business on the core audience. Davis was previously Viacom's chief . Achieving our objectives will require new ways of working together, diversity of perspectives and in some cases new talent and skillsets. Hemisphere Media Group, Platinum Equity and former Viacom CFO Wade Davis have made overtures to Univision. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. Webinars . -. Univision reportedly "nearing a sale" to investment group involving former Viacom EVP Wade Davis, at a much lower price than 2007 Univision changed hands for $13.7 billion in 2007, but seems . Wade Davis may refer to: . Searchlight, ForgeLight complete majority stake purchase of Univision Each of these leaders understand the need to optimize Univisions core businesses to meet its audience where they are and evolve its content, platforms and products to reach the market in new ways, Davis said. Does Univision have the scale it needs in todays competitive landscape, or do you envision additional M&A to get additional scale? And theyve done an incredible job of refreshing their entertainment slate, with Televisa and selection productions on their own. Davis on Tuesday discussed driving towards the streaming space with Univision, closing distribution deals and content spending. Vince Sadusky has been running Univision as CEO since Randy Falco retired at the end of 2018. 2023 The Hollywood Reporter, LLC. Because we respect your right to privacy, you can choose not to allow some types of cookies. One that will see us accelerate our position as the leading U.S. Hispanic media company as we launch new products and services that will drive value for our U.S. Hispanic audience and for our advertising and distribution partners, who want to reach and engage with this critical audience, said Davis, the former Viacom CFO, whose led the acquisition of Univision by ForgeLight and Searchlight. To see the rest of the Wade Davis' contract breakdowns, & gain access to all of Spotrac's Premium tools, sign up today. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Data Fraud Is Focus To Bolster Chinas Lackluster Carbon Market, China Gives New Backing to Coal Even as Clean Energy Accelerates, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? Wade Davis Contract Details, Salaries, & Earnings | Spotrac Read what they think about their salaries on our Compensation FAQ page for Univision. Univision nears sale to investor group as challenges loom - Los Angeles Univision will pay $3bn in cash and $1.5bn in Univision stock, with the remainder funded by other sources. The highest-paying job at Univision is a Vice President with a salary of $325,473 per year. By admin. The liberal Spanish-media giant Univision has been sold.Media executive Wade Davis is heading up a private group to buy a majority stake in the company and will be its new CEO. From 1996 to 2006 he served as an editor at Radio & Records. Incoming CEO Wade Davis -- a former Roku board member --reportedly feels existing streamer Univision Now hasn't been sufficiently promoted, and wants to offer a service with more robust content. As previously disclosed, under the terms of the acquisition, investors including Searchlight and ForgeLight purchased an approximately 64 percent ownership interest in Univision from an investor group including Madison Dearborn Partners, Providence Equity Partners, TPG, Thomas H. Lee Partners and Saban Capital Group. Mexico's media giant Grupo Televisa and U.S. Spanish-language broadcaster Univision today announced they have . These cookies may be set through our site by our advertising partners. Click on the different category headings to find out more and change our default settings. MIAMI Univision Communications took to LinkedIn to officially welcome Wade Davis as its new CEO, following the completion of a transaction that sees Searchlight Capital Partners and ForgeLight take a majority interest in the nation's largest multimedia company focused on Spanish-speaking consumers. Now, major changes are coming to the C-Suite. Wade Davis Univision CEO Interview - The Hollywood Reporter Univision abre una nueva etapa: cierra su venta, estrena nuevo jefe y planea un servicio de streaming. Wade Davis signed a 1 year / $1,250,000 contract with the Kansas City Royals, including $1,250,000 guaranteed, and an annual average salary of $1,250,000. A look at the injuries for Wade Davis, and the financial implications. The average Univision salary ranges from approximately $49,404 per year for, Univision employees attributed a compensation and benefits rating of 3.1/5 stars to their company. TelevisaUnivision will be led by CEO Wade Davis, the former Viacom CFO who led a group that bought Univision last year. Wade was drafted #75 by the Tampa Bay Devil Rays in the 2004 Major League Baseball Draft. 2021-2021 Free Agent They lead not only in general, but in the categories I referenced: news, sports, music and entertainment. Davis has served as a media industry leader for over 25 years, including founding ForgeLight in 2019 to build, acquire and operate companies in the Media and Consumer Technology sectors. Davis founded ForgeLight last year. Get the latest news, stats, videos, highlights and more about relief pitcher Wade Davis on ESPN. Wade Davis Net Worth | Celebrity Net Worth This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Just about any story is fair game, if a dollar sign can make its way into the article. An investor group led by former Viacom CFO Wade Davis said Tuesday it has closed its acquisition of a 64 percent stake in Spanish-language media giant Univision Communications. The Davis-led investor group on Tuesday said it agreed to acquire a 64 percent majority stake in Univision for an undisclosed sum. All Rights Reserved |, Vince Sadusky, who led the company since mid-2018, Eli Velzquez tapped to lead Telemundo Deportes, Maclovio Perez joins KAVU as chief meteorologist, Lorena Incln returns to Miami as reporter for NBC6 and Telemundo51, Elizabeth Valds retires from Telemundo network, Linda Guerrero joins Americano Media as anchor. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications, he talked to The Hollywood Reporter about his plans to capitalize on the fast-growing key Latino demo. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year, he talked to The Hollywood Reporter about his plans to capitalize on the fast-growing Latino demo in the news, sports, entertainment and music spaces. Wade Davis - TelevisaUnivision This website is not directly or indirectly affiliated, associated, or connected in any way to Major League Baseball, the National Basketball Association, the National Football League or the National Hockey League. wade davis univision salary. NAB: 2022 Quadrennial Review A Rerun Of Unfinished 18, Dual Screen Ubiquity: A Tale Of Todays TV Viewer. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. Are you disclosing what your consortium paid for the majority stake in Univision? TelevisaUnivision - Wikipedia Pierluigi Gazzolo was named president and chief transformation officer at Univision (Image credit: Univision) Wade Davis, Univision's new CEO, named his senior management team, bringing several well-known industry executives to the Spanish-language media company. And thats back to whats so unique about this business. Searchlight Capital Partners and ForgeLight Complete Acquisition of Former Viacom CFO new CEO at Univision | CFO Dive Subscribe for full access to The Hollywood Reporter. Wade Davis's net worth is $0. Theyve renewed one hundred percent of their distributor agreements, which is something that no other company in the industry can say. The context, insight and strategic content that Televisa brings to Univision have been key to the companys success., He said he has worked with Searchlight as a limited partner, board member and friend since the team founded the firm. This was actually a purchase and a sale of specific shares that specific shareholders have. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Amy Tenbring and Glenn Dryfoos were promoted to co-interim general counsel at Unvision; Jessica Rodriguez will continue as CMO and Friday Abernethy was promoted to executive VP of content distribution and partnerships. Ex-Univision Sales Leader Resurfaces at Estrella Media For fiscal 2006, company revenues were $2.026 billion. Wade Davis (I) - News - IMDb Wade Davis baseball stats with batting stats, pitching stats and fielding stats, along with uniform numbers, salaries, quotes, career stats and biographical data presented by Baseball Almanac. Wade Davis currently plays position Kansas City Royals for Kansas City Royals in Major League Baseball, the senior baseball league in the United States. Co-CEO of TelevisaUnivision Mexico . All Rights Reserved. Wade Davis is Chief Executive Officer and one of the owners of Univision Communications Inc. As the leading Hispanic media company in the U.S., Univision is guided by its long-standing mission to entertain, inform and empower U.S. Hispanics with news, sports and entertainment content across broadcast and cable television, audio and digital platforms. The financial performance of the business has never been stronger in years. Former ViacomCBS exec Pierluigi Gazzolo was named president and chief transformation officer at Univision; Luis Silberwasser, last with Telemundo, was named president of the Univision Television Networks Group; and former Turner ad sales head Donna Speciale was named president of advertising sales and marketing. Feb. 14, 2020 2:06 PM PT. As expected, Davis assumed Univisions Chief Executive chair fromVince Sadusky. That year he was traded to the Kansas City Royals. Univision Communications, the nation's largest Spanish-language media company, is nearing a sale to an investment group led by former Viacom executive Wade Davis . Nuevos dueos de Univision asumen, oficialmente, el control They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. Prior to Viacom, Davis co-founded Americas Choice, Inc. where he acquired research and associated IP to build a for-profit K-12 school performance improvement solutions business. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. May not be copied or duplicated without express written permission. Its one of the most profitable media businesses in the industry. By. Both Searchlight and Wade are wholly supportive of Univisions core mission to entertain, inform and empower Hispanic America and fully embrace the commitment and special bond we have with our audience. We began the evolution of our team with the appointment of world class leaders to our board of directors to bring together skillsets and diversity that Univision has never had at the board level. Signup for Breaking News Alerts & Newsletters. These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. On Monday, Univision, which is led by CEO Wade Davis, forecast overall revenues of $634 million, down 4 percent from a year-earlier $660 million, for the three months to March 31 due to subscriber losses that were partly offset by advertising revenue rising four percent. Univision y Televisa anuncian fusin para crear el mayor conglomerado Biography. Univision Communications went private in 2007 when Haim Saban bought the company for $13.7 billion. Giant Miami-based Spanish language broadcaster. All net worths are calculated using data drawn from public sources. Mexican broadcaster Televisa agrees $4.8bn tie-up with Univision Univision Miami to Host Miami-Dade County Mayoral Debate With Top Candidates Facing Off in Multi-Media Event Tonight at 5pm on Univision 23 y Radio. Davis achieved these results by creating several strategic operational improvements, implementing an organizational redesign, leading cost transformation initiatives, and directing the operational oversight of key growth segments.