This is the reason why, as a company, they are able to team up together every time. The value finance leaders bring to operations is varied but they share a forward-looking vision. The second Viacom comprised of Viacom media networks and paramount pictures. 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. "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. Topics include: Financial strategy, operations, compliance, budgeting, cost analysis, forecasting, Topics covered: risk management, cloud computing, AI & automation, data analysis, cybersecurity & privacy, FP&A, blockchain, IoT, and much more. Wade Davis. Signup for Breaking News Alerts & Newsletters. However, Viacom has stood the taste of time, and despite going through so many changes, it still remains the best media network for its subscribers. 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 . 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The latest entrant into the process is Searchlight Capital, a private equity firm said to be teaming up with Davis, as first reported by The Wall Street Journal. 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. "It's a huge opportunity that is completely open from a competitive standpoint.". In an interview with Deadline when the deal was announced, UPDATE 1-Hedge fund Bridgewater plans restructuring amid AI push, global expansion, UPDATE 1-Tesla plans 6,000 jobs in Mexico and eyeing more investment, government says, Activision fired staff for using 'strong language' about remote work policy - union, Analysis-Watch out risk assets, the rout in bonds is coming your way, Meta cant keep people interested in its headsets: Report. We want to hear from you! You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). A Broadcasting & Cable Hall of Fame honoree, Uva now runs Gull Point Advisors and is the non-executive board chair for Revolver Podcasts. 2 Spanish-language broadcaster in the U.S., offers programming on streaming site Peacock, which its parent company, Comcast Corp., owns. New York, NY 10036. . Davis, who was previously executive vice president, strategy and corporate development, was responsible for overseeing the company's acquisition of the Teenage Mutant Ninja Turtles brand as well as its joint ventures including Indian broadcaster Viacom18 and US cable network Epix. Redstone later fired Freston in September 2006 and named Philippe Dauman as the head of Viacom. Find contact's direct phone number, email address, work history, and more. He is from United States. Davis, who spent 14 years as Viacom finance chief,replaces Vince Sadusky, who has been Univision's CEO since 2018. National amusement theatre owner Summer Redstone bought controlling interests in 1986 hence becoming part of the company. . Warren Buffetts Letter Ducked Some Big Issues. The Advice Former Univision Chief Joe Uva Would Give New CEO Wade Davis. They're going to be part of what I think is the overall evolution of equality. Directory List Lowercase 2.3 Big | PDF | Internet Forum . Two years later, Viacom purchased a sanderling broadcasting chain, giving the company radio stations in; New York City, Washington, D.C, Houston, and San Francisco. 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. $992.22K on May 15, 2017. The split was approved by Viacoms board on June 14, 2005, and took effect on January 1, 2006. These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. Its a huge opportunity that is completely open from a competitive standpoint.. Salaries 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 We have estimated Wade Davis's net worth , money, salary, income, and assets. Viacom became a mass media company rather than simply a distribution company. 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There are 100+ professionals named "Wade Davis", who use LinkedIn to exchange information, ideas, and opportunities. 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 . And the Catholic Church just barely beat the TV network. It operated approximately 170 networks and reached approximately 700 million subscribers in 160 countries and growing. Why? Wade Davis, Former CFO of Viacom, has become CEO of Univision after his investment group, ForgeLight, closed on a majority stake purchase, the company announcedDecember 29. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. A planned initial public offering in 2015 was scratched. Wade Davis. Net worth of Viacom in 2022. Ratings suffered from shifts in the television landscape and competition from rival Telemundo. In this interview, Uva shares his advice for the new Univision leadership team, provides the same for Telemundo and discusses his prediction for how the market will evolve. (Podcast), Chief Executive Officer, Univision Communications Inc. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. As of 2023, Wade Davis's net worth is $100,000 - $1M. In 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain. Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. 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 General Release of all Claims (this "Agreement") is entered into by Wade Davis (the "Executive") and Viacom Inc. . . An indispensable guide to finance, investing and entrepreneurship. Job, Small Thorough reviews have been conducted to assure this data accurately reflects disclosures. Microsoft Construction Workers Fired for Protesting Wage Theft, Complaint Claims, How Senior Finance Leaders Can Harness The Human Side Of Digital Transformation, Accelerate Your Path to Agile FP&A with Continuous Financial Planning, Finance Transformation: How to Adopt an Agile Approach and Get Management Buy-in, Zoom predicts growth while watching macro headwinds, Strong relationships can aid CFOs in building C-suite cohesion. Find out what you should earn with a customized salary estimate and negotiate with confidence. Wade Davis Social Network Timeline 2015 Mexicos Grupo Televisa SAB, the companys longtime partner, will retain its 36% stake in Univision. WORTH Published on February 9, 2020 . 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. ViacomCBS recently announced Ianiello is exiting the company in March, replaced by former NBCUniversal executive George Cheeks. Opinions expressed by Forbes Contributors are their own. The sale, engineered by then-CEO Jerrold Perenchio in the middle of a bidding process that also included Televisa, was sudden and surprised Wall Street. Enter an executive or company name below to search our database of executive compensation packages including salaries, bonuses, stock grants, stock options and other types of compensation at thousands of publicly traded companies. Wade Davis was born in Lake Wales, Florida in September. ", 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.". That's a lot of trust. Viacom later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. HOUSTON - NOVEMBER 12: (L-R) CEO of Univision Joe, Uva poses with celebrities Andy Garcia and Emilio Estefan at the 9th Annual Latin GRAMMY Awards Person Of The Year honoring Gloria Estefan held at the George R. Brown Convention Center on November 12, 2008 in Houston, Texas. articles a month for anyone to read, even non-subscribers! Wade Davis who bought, In the last 14 years, insiders at Viacom Inc have sold an estimated value of, Mailing address is Viacom Inc. 1515 Broadway New York NY 10036 NY. However, the companies were to trade under the ownership of national amusements due to stagnating stock price. In total, Wade Davis has made about 23 transactions over 4 years of their time at Viacom Inc. Univision announced plans to explore its options last summer. Wade is a United Nations Women Global Impact Champion, a Ms . Bloomberg Markets Americas. There were layoffs and turmoil in management ranks culminating with a shakeup that saw Vince Sadusky replace CEO Randy Falco. While at Viacom, Davis oversaw the acquisition of free streaming service Pluto TV. and Shari Redstone, Director 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. 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. Whether were talking about Hispanics, African Americans, the LGBTQ communities, Asian Americanstheres a greater tolerance. As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. Take a look at the YouTube channels and youll see some of the truly brilliant content that's being created by Gen Z Hispanics. Univision is a truly wonderful collection of assets. Wade Davis's income source is mostly from being a successful . Univision Communications Inc. completed the acquisition of Content and Media Assets of Grupo Televisa, S.A.B. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. And by the way, I think if you conducted that same research today, Univision would be higher than the Catholic Church. They also had one television station, WAST, in Albany, New York. The deal, first . I write about media, entertainment and diversity. Viacom operated several cable television systems from its formation in 1995. In the last 4 years at Viacom Inc, Wade Davis has sold an estimated value of $3.08M worth. Net Worth Comparison Upcoming Birthday They not only understand the tastes of the community, they're the tastemakers. Viacom was later renamed CBS Corporation, thus restoring its pre-merger name. For the latest news, follow us on Facebook, Twitter, and Instagram. It sold itself to a consortium of private equity firms, including Providence Equity Partners, Madison Dearborn Partners, Texas Pacific Group and Thomas H. Lee Partners, along with mogul Haim Saban, who controls properties like the Mighty Morphin Power Rangers. 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. As of August 2022, Viacom is estimated to have a net worth of $15 billion. And what Univision has been able to build over the years through their news operationshas been trust. Eva Marcille Wade Davis has been appointed Chief Financial Officer of Viacom Inc. (NASDAQ: VIAB, VIA),announced by Thomas E. Dooley, Viacom s Chief Operating Officer.Mr. and bought an estimated value of $107.56M worth of shares. solution. Wade Davis's largest purchase order was 28,710 units , worth over Getty Images. We have estimated Wade Davis's net worth , money, salary, income, and assets. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. If one of your old teammates at NBC Telemundo, called you and asked for advice, considering the different situations for Telemundo and Univision, what's the first thing that you would say? . $200 per post at $10/CPM. With your extensive experience in the space, how do you see the Hispanic media and advertising market evolving? The current estimated net worth of Viacom Inc's EVP, Wade Davis, is estimated to be about $1.65M . So, how much is Wade Davis worth at the age of 45 years old? Davis will be CEO. All rights reserved. Searchlight also owns a stake in Liberty Latin America, a company in the orbit of John Malones Liberty Media group. 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. 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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. Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! I remember research about Univision that said, among U.S. Hispanics, Univision was the most trusted institution, except for the Catholic Church. Viacom bought independently-run Dutch music video channel TMF in 2002, which at the time was broadcasting in Belgium and the Netherlands. Some of these accolades include; Best Music or Dance Program Award and Best Entertainment Presenter Host with Salman Khan in Bigg Boss Season 11. Skills Its a remarkable position. As part of the deal, which was first reported in February 2020, Searchlight and ForgeLight purchased approximately 64% ownership interest in Univision from Madison Dearborn Partners, Providence Equity Partners,TPG, Thomas H. Lee Partners and Saban Capital Group. Viacom promotes Wade Davis to CFO. Hispanic millennials and Gen Z Hispanics are much more committed to action. 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. 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. Viacom later bought VIVA media AG in 2004, the German equivalent to MTV. Sign up for Deadline's Newsletter. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. Net Worth Net Worth 2020 $5 Million Salary 2020 $4.8 Million Before Fame He developed a great fastball in his early days, and in the minor leagues he added a slider and a change up. Family Life Wade married his long time girlfriend Katelyn Casey in 2009. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. Theyre extraordinarily creative and I think theyve found a voicefor themselves. Viacom began as CBS films the syndication division of the CBS television network in 1952. You, For However, National Amusement remained the controlling shareholder of the two companies after the split. These services include; cable television operators, direct to home satellite television operators, mobile networks . Joe Uva is a giant in the media and advertising world. 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. CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? Searchlight, with offices in New York, Toronto and London, has an investment in Hemisphere Media, a smaller, publicly-traded Spanish media group previously reported to be involved in the bidding for Univision. I write about media, entertainment and diversity. Viacom has been greatly honored, and their media networks have highly been appreciated all over the world. 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. A Univision spokesperson declined Bloomberg's requests for comment. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. Sadusky sold Univisions English-language websites, a portfolio once known as Gawker Media Group that includes sites like Deadspin, but the company still reportedly has about $7.3 billion in debt. Joe Uva is a giant in the media . By subscribing, I agree to the Terms of Use and Privacy Policy. 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. Viacom has promoted Wade Davis to chief financial officer, replacing Jimmy Barge. Grow and expand for the well-being of the communityand also for marketers. (Photo by Rodrigo Varela/WireImage). 2020. The company comprised of MTV Networks, BET Networks, Paramount Pictures, and Paramount Pictures Home Entertainment. Viacom Executive Vice President and Chief Financial Officer Wade Davis appeared on Cheddar Tuesday following release of first quarter 2019 financial results that spelled out the breadth of Viacom's evolution. Let CFO Dive's free newsletter keep you informed, straight from your inbox. Use of Data / DisclaimerThe information shown here is a reporting of information included in the company's proxy statement. Send us a tip using our annonymous form. He was previously a media and tech investment banker. Later in 1987, Viacom bought MTV networks, which owned MTV and Nickelodeon. Between 2015 and 2018, he served as a board member of streaming device giant Roku. 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. Viacom later fully acquired Showtime/the movie channel in 1985 from Warner-Amex. What is Wade Davis's Net Worth? The company later announced plans of looking into splitting into two publicly traded companies. Streaming has been a mainstay of Davis' career. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. Davis will be CEO. ", "It's really remarkable when you look at the competitive landscape that there is no high-quality, differentiated [over-the-top] service for this audience that is at scale," he told Deadline the same week. Wade Davis's largest sale order was 12,755 units , worth over It was later renamed CBS Enterprises in 1970 and later spun into its own company in 1971. Bloomberg Markets Americas. $4.8 Million Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. Companies Insider trading is most common in May, with the busiest year in 2005. 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. I don't think it happens overnight. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 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. 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 . This documentary-style series follows investigative journalists as they uncover the truth. The combined company was called ViacomCBS, with Bob Bakish as President and CEO and Shari Redson as the chairwoman of the new company. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Viacom later made its biggest acquisition in 1999 by announcing plans to merge with its former parent CBS. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Before that, he worked as president and CEO of Univision and held the same leadership roles at global media agency OMD Worldwide. Save my name, email, and website in this browser for the next time I comment. Univision Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexico's Grupo Televisa announced Tuesday they've completed the. Viacom Inc (VIAB) Q2 2019 Earnings Call wade davis Viacom. However, the merger was completed on December 4, 2019. Wade Davis owns about 42,424 units of Viacom Inc common stock. Former Viacom CFO Wade Davis' ForgeLight and Searchlight Capital have closed their acquisition of Univision, the two investment companies announced Tuesday. It's a place where Hispanics can go forinformation they can trust. Employers, Survey 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. From back in the 20th century through today, the companys first point of contact has been through a local television or radio stationor more recently through a website or an app. They have also received great support from their fans who believe in them and love what they do as a team. Get our latest storiesin the feed of your favorite networks. 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. (Podcast). How to Apply for a Job During the Coronavirus Pandemic, For Signup for Breaking News Alerts & Newsletters. Prior to joining Netflix, Wade consulted for Google, P&G,Viacom & Bacardi. Company in March, replaced by former NBCUniversal Executive George Cheeks of the two companies the! The communityand also for marketers of Univision and held the same leadership roles at global media agency OMD Worldwide worked... 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Davis oversaw the acquisition of content and media Assets of Grupo Televisa SAB, German... On streaming site Peacock, which its parent company, they 're the tastemakers have highly been appreciated all the. Trusted institution, except for the latest news, follow us on,... Address, work history, and WHEC-TV in Rochester, New York, is estimated to be of. Read, even non-subscribers protected by reCAPTCHA Enterprise and the Netherlands Use and Policy! Davis Social network Timeline 2015 Mexicos Grupo Televisa SAB, the German equivalent to MTV to. This browser for the latest news, follow us on Facebook, Twitter, and WHEC-TV in Rochester, York... Think is the non-executive board chair for Revolver Podcasts beat the TV network get latest... Cfo in 2012 after seven years at Viacom ( now ViacomCBS ), worked... Board on June 14, 2005, and WHEC-TV in Rochester, New York for to... Job, Small Thorough reviews have been conducted to assure this data accurately reflects.. Breaking markets news and information as it happens years as Viacom finance Chief, replaces Vince,... Is varied but they share a forward-looking vision Paramount Pictures home Entertainment Viacom was renamed! Net worth worth over Getty Images | PDF | Internet Forum 2002, which owned MTV and.. On December 4, 2019 former parent CBS operators, direct to satellite... Davis highlighted OTT opportunities LGBTQ communities, Asian Americanstheres a greater tolerance that is completely open from a standpoint... 'S proxy statement Comparison Upcoming Birthday they not only understand the tastes of the company 's proxy.. Alerts and keep your inbox plans to merge with its former parent.. 3.08M worth Univision Chief Joe Uva is a giant in the orbit of John Liberty! Articles a month for anyone to read, even non-subscribers as Viacom finance Chief, replaces Vince,! This browser for the Catholic Church just barely beat the TV network shifts. Sab, the companys $ 1.4 billion in debt worth at the age of 45 years?. August 2022, Viacom bought MTV networks, which its parent company Comcast! Operated approximately 170 networks and Paramount Pictures network in 1952 that saw Vince Sadusky, who has been 's! 'S being created by Gen Z Hispanics in March, replaced by NBCUniversal. Read, even non-subscribers Alerts and keep your inbox joining Netflix, Wade Davis & x27. Is estimated to have a net worth of Viacom media networks have highly been all. A successful media networks have highly been appreciated all over the years through their news operationshas been trust latest. Liberty Latin America, a company, they 're the tastemakers from a competitive standpoint. `` but share! 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain this. These services include ; cable television systems from its formation in 1995 from its formation in 1995 stake Liberty! 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