Viacom Inc. (Video & Audio Communications) was an American multinational mass media conglomerate with interests primarily in film and television. 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In a deal announced in February, Searchlight and ForgeLight acquired 64% of Univision from an investor group including Madison Dearborn Partners, Providence Equity Partners, TPG, Thomas H. Lee Partners and Saban Capital Group. An indispensable guide to finance, investing and entrepreneurship. Univision is a truly wonderful collection of assets. However, National Amusement remained the controlling shareholder of the two companies after the split. Job, Small 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. Univision has advantages in the news, but Telemundo is winning in digital. Wade Davis's largest purchase order was 28,710 units , worth over The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. The systems were located in Dayton, San Francisco, Nashville, and Seattle Metropolitan areas. It was formed as a spin-off of the first Viacom on December 31, 2005. . For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Its a powerful connection to a community that, I guarantee you, none of the other broadcast networks or cable networks havewith the possible exception of the relationship Fox News has with their audience. These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. 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. Former Viacom CFO new CEO at Univision Published Jan. 4, 2021 Jane Thier Courtesy of Univision Dive Brief: Wade Davis, Former CFO of Viacom, has become CEO of Univision after his investment group, ForgeLight, closed on a majority stake purchase, the company announced December 29. . However, the merger was completed on December 4, 2019. (BMV:TLEVISA CPO) for approximately $5.2 billion. . Sign up for Deadline's Newsletter. However, the companies were to trade under the ownership of national amusements due to stagnating stock price. 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. Charles E. Phillips, Jr., Director, Hispanic millennials and Gen Z Hispanics are much more committed to action. Univision Communications Inc. completed the acquisition of Content and Media Assets of Grupo Televisa, S.A.B. Sumner M Redstone, Director, Mexican mass media company Televisa has retained its approximate 36% stake in Univision's fully diluted equity capital, Univision said. 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. WD. 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. 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. 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. Why? This documentary-style series follows investigative journalists as they uncover the truth. NYC Wade Davis 2016. Its a remarkable position. Insider trading is most common in May, with the busiest year in 2005. and bought an estimated value of $107.56M worth of shares. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 2023 Deadline Hollywood, LLC. He won the AL Pennant with the Royals in 2014 and the World Series with the team in 2015. It operated approximately 170 networks and reached approximately 700 million subscribers in 160 countries and growing. Prior to Viacom, Davis co-founded America's Choice, Inc. where he acquired research and associated IP to build a for-profit K-12 school performance improvement solutions business . 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. 2 Spanish-language broadcaster in the U.S., offers programming on streaming site Peacock, which its parent company, Comcast Corp., owns. Whether were talking about Hispanics, African Americans, the LGBTQ communities, Asian Americanstheres a greater tolerance. Wade Davis's income source is mostly from being a successful . In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. $140 per post at $7/CPM. Send us a tip using our annonymous form. What He Should Have Said. Family Life Wade married his long time girlfriend Katelyn Casey in 2009. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! 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. Net Worth in 2022. Viacom later bought VIVA media AG in 2004, the German equivalent to MTV. Net Worth Comparison Upcoming Birthday Get our latest storiesin the feed of your favorite networks. Catalog, Find a Wade Davis Net Worth His net worth has been growing significantly in 2021-2022. Wade Davis's largest sale order was 12,755 units , worth over The split was approved by Viacoms board on June 14, 2005, and took effect on January 1, 2006. Warren Buffetts Letter Ducked Some Big Issues. The company has generated its revenue through fees from the distribution of programming and program services. Its a huge opportunity that is completely open from a competitive standpoint.. 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. What is Wade Davis's Net Worth? This report is not for commercial use. I write about media, entertainment and diversity. 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. 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. What is a proxy statement?A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. ", 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.". 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 In the 1970s and 1980s, Viacom was a distributor of CBS television series and also distributed syndicated television programs. 2023 Deadline Hollywood, LLC. We are excited to be part of this new phase of Univision. Let CFO Dive's free newsletter keep you informed, straight from your inbox. This General Release of all Claims (this "Agreement") is entered into by Wade Davis (the "Executive") and Viacom Inc. . . Davis will be CEO. Viacom Inc's most recent insider trade came on May 15, 2017 by 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. 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. CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? We have estimated Wade Davis's net worth , money, salary, income, and assets. We are excited to be part of this new phase of Univision. (Podcast). Disclamer: the number about Wade Davis (American football)'s Instagram salary income and Wade Davis (American football)'s Instagram net worth are just estimation based on publicly available information about Instagram's . Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. For the latest news, follow us on Facebook, Twitter, and Instagram. Then research and compare average salaries by company, job title, and location. 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. Bloomberg Markets Americas. The current estimated net worth of Viacom Inc's EVP, Wade Davis, is estimated to be about $1.65M .Wade Davis owns about 42,424 units of Viacom Inc common stock. Why? ViacomCBS recently announced Ianiello is exiting the company in March, replaced by former NBCUniversal executive George Cheeks. Salaries We want to hear from you! Opinions expressed by Forbes Contributors are their own. The company later announced plans of looking into splitting into two publicly traded companies. "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. A Univision spokesman declined to comment on a possible sale. Wade Daviss firm to make purchase with Searchlight Capital, Grupo Televisa to retain 36% of Spanish-language broadcaster. Its investors, including Saban Capital Group, Madison Dearborn Partners and Providence Equity Partners, had long been seeking an exit and, before the coronavirus pandemic sent markets into a tailspin, considered an IPO. 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 . Use of Data / DisclaimerThe information shown here is a reporting of information included in the company's proxy statement. We have estimated Wade Davis's net worth , money, salary, income, and assets. Deadline is a part of Penske Media Corporation. This reversed the Viacom/CBS merger in 1999. Southwest Airlines, +4 more Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Viacom was later renamed CBS Corporation, thus restoring its pre-merger name. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. Joe Uva is a giant in the media . solution. Get the free daily newsletter read by industry experts. Find out what you should earn with a customized salary estimate and negotiate with confidence. He is from United States. They're going to be part of what I think is the overall evolution of equality. Viacom Net Worth. I remember research about Univision that said, among U.S. Hispanics, Univision was the most trusted institution, except for the Catholic Church. The $13.7 billion deal included the assumption of the companys $1.4 billion in debt. Althoughthe company has suffered several challenges, it has maintained its focus and delivered its services all the time. He is from Canada. Deadline is a part of Penske Media Corporation. The service is Davis' top priority; he believes Hispanic audiences aren't being served by the current streaming landscape, Bloomberg reported. Net worth of Viacom in 2022. You may also find the annual proxy statement by going directly to the company's website. 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