Login Here. Theyve done a great job of de-levering the balance sheet. 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. On Thursday, Univision reported revenue . Searchlight Capital Partners and ForgeLight to Acquire Majority Stake in Univision. Televisas crucial program license agreement with Univision will remain in effect and will not expire unless Televisa voluntarily sells down a substantial portion of its ownership stake, at which point the agreement would still remain in place for an additional seven and a half year years. 2023 The Hollywood Reporter, LLC. Davis said he is honored to be partnering with Televisa and Searchlight to help steward Univision into this next phase. The lowest-paying job at Univision is an Administrative Assistant with a salary of $49,404 per year. 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. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}3.4. VP, Global Broadcast Operations of TelevisaUnivision, Inc. VP of TelevisaUnivision Mexico Networks Programming, Marketing & Research. Former Viacom Inc. CFO Wade Davis is finalizing a . Davis has given $8,300 to Democrat politicians since 2007 and is a contributor to former South Bend mayor and Democratic presidential candidate Pete Buttigieg's campaign. So you take the Televisa strategic partnership, what the business is doing on their own in news, sports and tentpoles like the Latin Grammys, and starting to produce some of their own original content, and theres no question that this business has the scale thats necessary to continue to win. Subscribe for full access to The Hollywood Reporter. How much do Univision employees make? The average Univision salary ranges from approximately $49,404 per year for an Administrative Assistant to $325,473 per year for a Vice President. NEW YORK With the transition in power from Vince Sadusky to Wade Davis at Univision Communications in January 2021, a veteran sales . 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. He played in their minor league system before making his MLB debut for the Rays in 2009 where he played through the 2012 season. 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. Davis on Tuesday discussed driving towards the streaming space with Univision, closing distribution deals and content spending. Submit. 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. 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. 2023 Celebrity Net Worth / All Rights Reserved. His experience includes serving as a C-Suite Fortune 100 operator, board director, investment banker and entrepreneur. And thats back to whats so unique about this business. 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.. Sign up for THR news straight to your inbox every day. Previously he was a Board Observer on the Board of Directors of Roku, the rotational Chairman of the Rhapsody/Napster Board and on the Board of Viacom18 India. The average Univision hourly pay ranges from approximately $24 per hour for an Intern - Hourly to $114 per hour for a Director. wade davis univision salary. Wade Davis, Univision's new CEO, named his senior management team, bringing several well-known industry executives to the Spanish-language media company. Univision will pay $3bn in cash and $1.5bn in Univision stock, with the remainder funded by other sources. 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. 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. Deportes Digest . 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.. But, after gracing our screens for all of two episodes, the bubbly vet was nowhere to be seen. 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. Wade Davis. Show more. Davis was part of a group of private-equity investors who agreed in February 2020 to buy a majority stake in Univision. All net worths are calculated using data drawn from public sources. - Veteran media executive Wade Davis to become CEO of Univision upon closing . They have no renewals for multiple years going forward. The Hollywood Reporter is a part of Penske Media Corporation. The highest-paying job at Univision is a Vice President with a salary of $325,473 per year. Broadcasting+Cable is part of Future US Inc, an international media group and leading digital publisher. religious interview questions and answers sharleen spiteri ashley heath. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. These cookies may be set through our site by our advertising partners. Davis Board memberships include Cengage Learning, Executive Chairman of Hammerhead Navigation and the Board of Directors of Daybreak Games. 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Theres going to be a number of months until we actually close the transaction and the specifics about what the strategy on a go-forward basis is. Univision y Televisa juntarn sus contenidos para crear el mayor conglomerado de medios en espaol Read Also: Frontera Wines Joins Sponsors for Univisions Latin Grammys. Univision Holdings, Inc. competitors are Entravision Communications, Nexstar Media Group, TEGNA, and more. Wade Davis, Univision chief executive . By . Im so proud of everything we have accomplished that has led us to this great outcome. Univision. These cookies are necessary for the website to function and cannot be switched off in our systems. The community relies on everyone sharing. 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 . . So the management team has done a remarkable job of stabilizing the business and positioning it for growth. Televisa has a shared history with Univision dating back many years and a deep strategic relationship today. If you do not allow these cookies, you will experience less targeted advertising. The agreement is one of Univisions most strategic assets, giving it exclusive access to the largest Spanish-language video library in the world. 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. That creates an incredibly stable base from which to build and innovate on. NY 10036. All information these cookies collect is aggregated and therefore anonymous. Salaries posted anonymously by Univision employees. For fiscal 2006, company revenues were $2.026 billion. Please refresh the page and try again. So from a financial point of view, an IPO isnt something the company needs or its not something were planning for. Our talented operating team has transformed Univision to be strategically, operationally and financially stronger than it has been in years, Sadusky said. . 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. About. 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. Webinars . -. 0. 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. Wade Davis is the Chief Executive Officer of Univision Communications Inc., the leading Hispanic media company in the United States. Executive Chairman of TelevisaUnivision, Inc. & Co-CEO of TelevisaUnivision Mexico. Use of any marks, trademarks, or logos on this website shall not constitute a sponsorship or endorsement by the trademark holder. A free inside look at Univision salary trends based on 1169 salaries wages for 507 jobs at Univision. Theyre the market leader for this audience. Wade Davis Shakes Up Univision's C-Suite In A Major Way. Wade Davis Shakes Up Univisions C-Suite In A Major Way, Sign up for our newsletters for the rest of the headlines, A Digital Sales Training Library Arrives, CP Communications Helps Accelerate Remote Production for Trans Am Series, A Wall Street Slide For iHeartMedia Shares, NAB Signs On To D.C. Plea To Stop FTC Planned Noncompete Ban, The First Certified ATSC 3.0 Upgrade Accessory Receiver Is Here, RBR+TVBR Observation: Why Local Media Wins. Davis earned a dual BA degree, with honors, in Economics & Philosophy from Williams College. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. 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 . An IPO isnt something we plan for; its not something the company particularly needs. Can you drill down and tell us what you see standing out in Univisions asset base? Its one of the most profitable media businesses in the industry. As expected, Davis assumed Univisions Chief Executive chair fromVince Sadusky. Univision employees attributed a compensation and benefits rating of 3.1/5 stars to their company. Since closing that deal, Davis has hired more than 500 people and made . Univisions former chief legal and corporate affairs officer Jonathan Schwartz, president of distribution Henry Ahn, and president of ad sales and marketing Steve Mandala are leaving the company. wade davis univision salary. Adam Jacobson . 2022: Univision Communications Inc. completed the acquisition of Content and Media Assets . New York, The latest from the Univision Sports team. 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. Adam Jacobson. And its for sure the case that if you look at the competitive landscape, there is no high-quality differentiated OTT offering at scale. TelevisaUnivision will be led by CEO Wade Davis, the former Viacom CFO who led a group that bought Univision last year. 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. December 29, 2020 12:29pm. 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Wade Alan Davis II (born July 28, 1977) is an American speaker, activist, writer, educator and former American football player.. Born in Little Rock, Arkansas, Davis grew up in Shreveport, Louisiana and Aurora, Colorado.He played college football at Mesa State and Weber State.In 2000, Davis signed with the Tennessee Titans of the NFL as an undrafted free agent but was cut after the preseason. Vince Sadusky has been running Univision as CEO since Randy Falco retired at the end of 2018. Get the latest news, stats, videos, highlights and more about relief pitcher Wade Davis on ESPN. 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. You will receive a verification email shortly. Related Company Competitors. There was a problem. Feb. 14, 2020 2:06 PM PT. 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 Biography. Signage at Univision's Los Angeles headquarters is seen in 2016. 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. The national average salary for a Univision Holdings, Inc. employee in the United States is $65,488 per year. And to the extent we can talk about the strategy publicly, that something thats going to happen in due time. 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. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. * To subscribe, you must consent to Futures privacy policy. Reports of Davis's pursuit of . Today begins a transformation for Univision. They lead not only in general, but in the categories I referenced: news, sports, music and entertainment. 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. Wade Davis is officially Univision's new CEO. Davis founded ForgeLight last year. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. Wade Davis continues as CEO of the merged company and discussed Univision's fourth quarter 2021 results with Wall Street analysts on Friday. Groupo Televisa and Univision Holdings said they completed the previously announced transaction that creates TelevisaUnivision Inc., the world's biggest Spanish-language media and content company. Already Subscribed? Wade Davis' new investment fund just became part owner of Univision in a deal expected to close late summer with the . Continuing a . 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 . What wasnt expected: a major house cleaning in Univisions C-Suite. He was in the Royals starting rotation in 2013 but moved to the bullpen where he played in 2014. NAB: 2022 Quadrennial Review A Rerun Of Unfinished 18, Dual Screen Ubiquity: A Tale Of Todays TV Viewer. 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. 2021-2021 Free Agent This was actually a purchase and a sale of specific shares that specific shareholders have. Davis and Searchlight Capital Partners are expected to pay $800 million for a controlling stake in Univision. Are there any content distribution deals up for renewal on the immediate horizon? Its reflected in the success theyve had in renewing with all of their distributors. Thats something that got to be built by the team and something that got to be owned by the team. 2023 Deadline Hollywood, LLC. 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. The group includes . Its important to keep in mind this wasnt the sale of the company in which you would disclose the terms of a transaction for the totality of the company. Media executive Wade Davis is heading up a private group to buy a majority stake in the company and will be its new CEO. 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 Communications, the nation's largest Spanish-language media company, is nearing a sale to an investment group led by former Viacom executive Wade Davis . Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. What is Univision doing well now and what needs improvement? The Davis-led investor group on Tuesday said it agreed to acquire a 64 percent majority stake in Univision for an undisclosed sum. A look at the injuries for Wade Davis, and the financial implications. AdvancePath was successfully sold to Graduation Alliance. Wade C Davis is Chief Executive Officer at Univision Communications Inc. See Wade C Davis's compensation, career history, education, & memberships. It has this content supply agreement from Televisa, a strategic partner, and Televisa is the largest producer of Spanish-language content in the world. EVP, Chief Financial Officer of TelevisaUnivision, Inc. President of TelevisaUnivision US Local Media, General Director, Mexico Government Relations, VP of TelevisaUnivision Mexico Growth Officer. ForgeLight was founded in 2019 by Wade Davis and is an operating and investment company focused on the media and .
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