Bloomberg's Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide in-depth research and data on more than 2,000 companies and 130 industries. May not be copied or duplicated without express written permission. Ex-Univision Sales Leader Resurfaces at Estrella Media 0. - Veteran media executive Wade Davis to become CEO of Univision upon closing . Since closing that deal, Davis has hired more than 500 people and made . The Davis-led investor group on Tuesday said it agreed to acquire a 64 percent majority stake in Univision for an undisclosed sum. Wade C Davis, Univision Communications Inc: Profile and Biography Univision abre una nueva etapa: cierra su venta, estrena nuevo jefe y planea un servicio de streaming. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Submit. By subscribing, I agree to the Terms of Use and Privacy Policy. Related Company Competitors. There was a problem. Are there any content distribution deals up for renewal on the immediate horizon? 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. 2022: Univision Communications Inc. completed the acquisition of Content and Media Assets . They have no renewals for multiple years going forward. The lowest-paying job at Univision is an Administrative Assistant with a salary of $49,404 per year. The average Univision salary ranges from approximately $49,404 per year for an Administrative Assistant to $325,473 per year for a Vice President. Wade Davis - Biography - MarketScreener.com 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 . .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Any plans for Univision to revisit a potential IPO down the road? 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. Its one of the most profitable media businesses in the industry. Theyve renewed one hundred percent of their distributor agreements, which is something that no other company in the industry can say. 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. Univision Plans New, Ad-Supported Streamer: Report 12/21/2020 - MediaPost Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. PACIFIC GROVE, Calif., February 18, 2023--On the evening of February 13th, California American Water activated two new pump stations as part of our efforts to reduce reliance on the Carmel River. The Hollywood Reporter is a part of Penske Media Corporation. wade davis univision salary With that, Wade Davis succeeded Vince Sadusky as Univision's CEO. Wade Davis was born in Lake Wales, Florida in September 1985. Wade Davis Dario Acosta/Courtesy of Viacom. Wade Davis - 2021 Salary & ContractWade Davis salary is $1,250,000 per year, including a $0 signing bonus. Visit our corporate site (opens in new tab). 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. Wade Davis (American football) - Wikipedia Wade Davis. 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. Wade Davis Baseball Stats by Baseball Almanac And theyve done an incredible job of refreshing their entertainment slate, with Televisa and selection productions on their own. Theyre the market leader for this audience. Wade Davis (anthropologist) (born 1953), Canadian anthropologist and ethnobotanist Wade Davis (American football) (born 1977), former American football player Wade Davis (baseball) (born 1985), former baseball player Wade-Davis Bill, American legislation, vetoed by President Abraham Lincoln in 1864; Wade Davis (CEO) Univision Mexican broadcaster Televisa agrees $4.8bn tie-up with Univision Wade Davis currently plays position Kansas City Royals for Kansas City Royals in Major League Baseball, the senior baseball league in the United States. They help us to know which pages are the most and least popular and see how visitors move around the site. Salary: All-Star: World Series: 2009 Tampa Bay Rays: 58--2010 Tampa Bay Rays: 40--2011 Tampa Bay Rays: 40--2012 Tampa Bay Rays: 40--2013 Kansas City . Now, major changes are coming to the C-Suite. Spanish-Language Broadcaster, Buyout Firm Express Interest in - WSJ Please refresh the page and try again. 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? Biography. An IPO isnt something we plan for; its not something the company particularly needs. Wade Davis, Former Viacom CFO, And Partners Close - Deadline Tambin hoy se oficializ otra de las noticias que te dimos en su momentos, Wade Davis, director general y fundador de ForgeLight, asumi el rol de director general de Univision (CEO), a partir . Its reflected in the success theyve had in renewing with all of their distributors. The group includes . Wade Davis. Univision is currently controlled by a consortium of investment groups including Madison Dearborn Partners, Providence Equity Partners, TPG, Thomas H. Lee Partners and Saban Capital Group. The new business, to be called Televisa-Univision, will have an enormous content library Televisa produced 86,000 hours of programming last year broadcast and pay-TV channels and stations . Wade Davis. Get the latest news, stats, videos, highlights and more about relief pitcher Wade Davis on ESPN. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. Streamline RBR, Inc. All rights reserved. USPAACC to Shine Spotlight on 'Unsung Heroes' of Supplier Diversity The US Pan Asian American Chamber of Commerce Education Foundation Continue reading News From Our Partners Univision Sale to Wade Davis, Group Closes - The Hollywood Reporter 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 . A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago. And in that private transaction, the details of the individual transactions are private. EVP, General Counsel & Corporate Secretary of TelevisaUnivision, Inc. President, Global Platform Strategy & Revenue of TelevisaUnivision, Inc. EVP, Corporate Development, Strategy and Transformation of TelevisaUnivision, Inc. President of TelevisaUnivision US Ad Sales & Marketing. Latest news about Wade Davis : 01/12: Transcript : Jaguar Health, Inc. - Special Call: CI. NEW YORK With the transition in power from Vince Sadusky to Wade Davis at Univision Communications in January 2021, a veteran sales . Can you discuss your strategy focus for Univision, and specifically bringing the traditional broadcaster into the streaming-first space? Televisa And Univision Close $4.8B Media Merger - Forbes Does Univision have the scale it needs in todays competitive landscape, or do you envision additional M&A to get additional scale? That year he was traded to the Kansas City Royals. Salary Score. Login Here. Wade Davis Univision CEO Interview - The Hollywood Reporter He takes over the reins from Vince Sadusky, who led the company since mid-2018, when he replaced Randy Falco.. Jon has been business editor of Broadcasting+Cable since 2010. Univision Holdings, Inc. Salaries. 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. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. Davis finished 4th for AL Rookie of the Year in 2010. When you look at what the current management team has been able to accomplish in the last 18 months, its quite remarkable, the exec said as he then looked beyond when the transaction is completed later this year to his strategic vision for the Miami-based Spanish-language media outlet. Get our latest storiesin the feed of your favorite networks. December 1, 2021. 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. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. Wade Davis - Biography - IMDb . 9.5. Its not something were going to disclose. February 25, 2020 9:03am. A lot of times when people talk about in the media industry whether they have enough scale, its really around their ability to drive enough content spend. . wade davis univision salary. . 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. Searchlight Capital Partners and ForgeLight to Acquire Majority Stake Davis on Tuesday discussed driving towards the streaming space with Univision, closing distribution deals and content spending. Salaries posted anonymously by Univision employees. The latest from the Univision Sports team. These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. AdvancePath was successfully sold to Graduation Alliance. And its for sure the case that if you look at the competitive landscape, there is no high-quality differentiated OTT offering at scale. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Why Former Viacom CFO's Huge Univision Deal Makes Sense - TheWrap NY 10036. Giant Miami-based Spanish language broadcaster. TelevisaUnivision - Wikipedia Hopefully it comes across how Im excited I am about the business in the short term, and Im going to be single-minded on working with the team to take advantage of these opportunities. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Achieving our objectives will require new ways of working together, diversity of perspectives and in some cases new talent and skillsets. So the management team has taken Univision to a place of strength, and its a unique platform that we continue to build on, and look for innovation and additional growth. Wade Davis - Chief Executive Officer - TelevisaUnivision | ZoomInfo He was the July 2010 American League Rookie Pitcher of the Month and was named a starting pitcher on Baseball America's 2010 All-Rookie Team. Media executive Wade Davis is heading up a private group to buy a majority stake in the company and will be its new CEO. The leadership change comes as a result of the FCC approval, which paved the way for completion of the sale of a majority stake in Univision Holdings, Inc. by investment groups Searchlight Capital Partners, LP and ForgeLight LLC. All Rights Reserved. Theyve reinvested in their news platform, theyve acquired a substantial portfolio of soccer rights, which is actually the largest portfolio of soccer rights in the U.S. and in any language. Wade was drafted #75 by the Tampa Bay Devil Rays in the 2004 Major League Baseball Draft. Wade Davis, Univision chief executive . Isgho Votre ducation notre priorit . Univision TV President Isn't Worried About Netflix's - Yahoo! 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. Univision employees attributed a compensation and benefits rating of 3.1/5 stars to their company. It has this content supply agreement from Televisa, a strategic partner, and Televisa is the largest producer of Spanish-language content in the world. 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 . He played in their minor league system before making his MLB debut for the Rays in 2009 where he played through the 2012 season. About. Mexico's media giant Grupo Televisa and U.S. Spanish-language broadcaster Univision today announced they have . Career Earnings: Year Basic Salary wade davis univision salary. TelevisaUnivision will be led by CEO Wade Davis, the former Viacom CFO who led a group that bought Univision last year. As expected, Davis assumed Univisions Chief Executive chair fromVince Sadusky. Its not because were trying to be evasive about it. This will enable Televisa to pay down debt. Pierluigi Gazzolo was named president and chief transformation officer at Univision, I consent the use of my personal data in accordance with Future's. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Through the 2014 season Davis has a record of 45 35 with 564 strikeouts and an ERA of 3.91. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. Today we are announcing a new, industry leading executive leadership team that exemplifies the traits of innovation, collaboration, inclusivity and accountability that will be central to our transformation. Wade Davis, Former Viacom CFO, And Partners Close Acquisition Of Univision The companys top-rated media portfolio features the Univision and UniMs broadcast networks, 10 cable networks, 61 television stations, 58 radio stations and a robust audio and music experience footprint, and various market-leading digital properties. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. These cookies may be set through our site by our advertising partners. But, after gracing our screens for all of two episodes, the bubbly vet was nowhere to be seen. Univision. If you do not allow these cookies, you will experience less targeted advertising. TelevisaUnivision, Inc - Board of Directors Wade Davis Shakes Up Univision's C-Suite In A Major Way 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. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance. Univision nears sale to investor group as challenges loom - Los Angeles Wade Davis is Chief Executive Officer and one of the owners of Univision Communications Inc. As the largest Spanish-language content 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 . Former Viacom CFO new CEO at Univision | CFO Dive The smarter way to stay on top of broadcasting and cable industry. EVP, Chief Financial Officer of TelevisaUnivision, Inc. President of TelevisaUnivision US Local Media, General Director, Mexico Government Relations, VP of TelevisaUnivision Mexico Growth Officer. Theyve done a great job of de-levering the balance sheet. The success of this turnaround paved the way for the merge of Viacom and CBS to create ViacomCBS. Feb. 14, 2020 2:06 PM PT. Future US, Inc. Full 7th Floor, 130 West 42nd Street, Broadcasting+Cable is part of Future US Inc, an international media group and leading digital publisher. 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. Univision's Acquisition By Former Viacom CFO Imminent: Report The financial performance of the business has never been stronger in years. Wade Davis Net Worth | Celebrity Net Worth All net worths are calculated using data drawn from public sources. So the management team has done a remarkable job of stabilizing the business and positioning it for growth. Adam Jacobson . L to R: Alfonso de Angoitia and Wade Davis. What is Univision doing well now and what needs improvement? Send us a tip using our annonymous form. In an announcement early Tuesday, the partners said they intend to build on Univisions recent content and programming momentum to accelerate growth, expand its portfolio of advertising products, substantially enhance its digital presence and work closely with Televisa, which will retain its 36% stake. Our model gets smarter over time as more people share salaries on Glassdoor. Click on the different category headings to find out more and change our default settings. Televisa elects to maintain its existing ownership stake in support of new ownership group; Televisa's Program License Agreement with Univision remains unchanged. Signage at Univision's Los Angeles headquarters is seen in 2016. Televisa has a shared history with Univision dating back many years and a deep strategic relationship today. Univision employees rate the overall compensation and benefits package 3.1/5 stars. Apache/2.4.54 (Debian) Server at portada-online.com Port 80 Salary: $4.8 Million Date of Birth: Sep 7, 1985 (37 years old) Place of Birth . Vince Sadusky, Univision CEO, spoke of a re-energized and refocused company and said today marks the start of an exciting new chapter with partners that recognize the excellent position Univision is in.. They are among the smartest and most value additive investors in our industry and there is no one I would rather partner with in this transaction., Televisa co-CEOs Bernardo Gomez and Alfonso de Angoitia said the companys decision to maintain its partnership and ownership stake in Univision strongly reflects our deep confidence in Searchlight and Wades leadership, as well as the continued positive outlook we have for Univision as a long-term strategic investment. Deportes Digest . 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. Univision CEO closes Televisa deal, vows new streaming push - Los Continuing a . For fiscal 2006, company revenues were $2.026 billion. 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. 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.