Industries Viacom Net Worth. Benefits This information is according to proxy statements filed for the . The Advice Former Univision Chief Joe Uva Would Give New CEO Wade Davis. Insider trading is most common in May, with the busiest year in 2005. Mexicos Grupo Televisa SAB, the companys longtime partner, will retain its 36% stake in Univision. 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. 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Viacom later bought VIVA media AG in 2004, the German equivalent to MTV. Save my name, email, and website in this browser for the next time I comment. They not only understand the tastes of the community, they're the tastemakers. Signup for Breaking News Alerts & Newsletters. The most active traders at the company are However, CBS Corporation retained over-the-air broadcasting, television production, pay television subscription service and publishing assets. Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! Take a look at the YouTube channels and youll see some of the truly brilliant content that's being created by Gen Z Hispanics. Mexican mass media company Televisa has retained its approximate 36% stake in Univision's fully diluted equity capital, Univision said. In addition, a spin-off company was created named Viacom, which was headed by Freston. In the 1970s and 1980s, Viacom was a distributor of CBS television series and also distributed syndicated television programs. We are looking forward to an even closer collaboration with Univision to help it implement the many transformational initiatives that Wade has set out to achieve, said Televisa co-CEOs, Bernardo Gomez and Alfonso de Angoitia. 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 c/o Viacom Inc. 1515 Broadway. Univision has been privately owned since a $12.7 billion deal in 2007, The Hollywood Reporter wrote. 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. ", "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. The. This reversed the Viacom/CBS merger in 1999. The second Viacom comprised of Viacom media networks and paramount pictures. We are excited to be part of this new phase of Univision. He served as chairman of NBCU Hispanic Enterprises and Content, which includes television network Telemundo. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. Wade Davis Dario Acosta/Courtesy of Viacom. Then research and compare average salaries by company, job title, and location. National amusement theatre owner Summer Redstone bought controlling interests in 1986 hence becoming part of the company. 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. 2023 Deadline Hollywood, LLC. Get our latest storiesin the feed of your favorite networks. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. 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). Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. He won the AL Pennant with the Royals in 2014 and the World Series with the team in 2015. Davis will be CEO. Signup for Breaking News Alerts & Newsletters. Viacom was later renamed CBS Corporation, thus restoring its pre-merger name. 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. Its a huge opportunity that is completely open from a competitive standpoint.. Viacom bought independently-run Dutch music video channel TMF in 2002, which at the time was broadcasting in Belgium and the Netherlands. All rights reserved. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. In . CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? Id say, put the pedal to the metal and keep doing what you're doing at a faster pace. Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. He left when the Viacom-CBS merger closed last December after recently garnering plaudits for bringing Pluto TV into the Viacom fold, considered a prescient deal given the intense industry focus on streaming. 2 Spanish-language broadcaster in the U.S., offers programming on streaming site Peacock, which its parent company, Comcast Corp., owns. Sumner M Redstone, Director, In 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain. 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. He was previously a media and tech investment banker. A Univision spokesman declined to comment on a possible sale. Wade Davis Net Worth (2021 Update) Wade Davis and Searchlight Capital Partners. Jobs You will be redirected back to your article in, AMC CEO Adam Aron Defends New Sightline Ticket Pricing, Acknowledges Substantial Change To The Status Quo For U.S. Moviegoers, AMC Entertainment Q4 Sales Dip, Losses Widen; CEO Sees 2023 Recovery But Says Shareholders Must Approve Key Cash-Raising Measures, An AI Voice That Sounds Like Ari Emanuel Will Kick Off Endeavor Earnings Call As Company Posts Solid Q4. What is Wade Davis's Net Worth? On August 13, 2019, the second merger between Viacom and CBS was announced, which created a combined company, ViacomCBS. Its a remarkable position. 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. Wade Davis's largest sale order was 12,755 units , worth over Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. Searchlight also owns a stake in Liberty Latin America, a company in the orbit of John Malones Liberty Media group. WD. The value finance leaders bring to operations is varied but they share a forward-looking vision. Viacom later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. MLB pitcher who began his career with the Tampa Bay Rays in 2009. This resulted in Viacom return to operating radio stations after it originally exited the broadcast radio business in 1997. Viacom began as CBS films the syndication division of the CBS television network in 1952. 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. You, For Malones Liberty Global had also considered joining the bidding. 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. 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. "Televisa's strategic insight and global content leadership, coupled with Searchlight's tremendous experience as a long-term media investor, will help us fully realize Univision's potential as the leading Hispanic content company in the United States. Charles E. Phillips, Jr., Director, Viacom Inc's most recent insider trade came on May 15, 2017 by 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. We are excited to be part of this new phase of Univision. Wades leadership and Searchlights support are the catalysts that Univision needs to solidify its position as the leading Spanish-language media organization in the United States in light of the rapid changes that the industry is facing. The company has generated its revenue through fees from the distribution of programming and program services. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. I write about media, entertainment and diversity. . Warren Buffetts Letter Ducked Some Big Issues. I remember research about Univision that said, among U.S. Hispanics, Univision was the most trusted institution, except for the Catholic Church. Wade Davis, Former Viacom CFO, And Partners Close Acquisition Of Univision Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with. 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. Viacom Inc's most recent insider trade came on May 15, 2017 by 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. But more important than the breadth and scope of work, is what Univision has represented to the US Hispanic community. Some of these accolades include; Best Music or Dance Program Award and Best Entertainment Presenter Host with Salman Khan in Bigg Boss Season 11. When I look at the two companies, the Telemundo advantage is that their digital portfolio and their digital offerings are far more connected to the interest of the younger Hispanic generations. 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 . He is from Canada. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. I write about media, entertainment and diversity. Wade Davis estimated Net Worth, Biography, Age, Height, Dating, Relationship Records, Salary, Income, Cars, Lifestyles & many more details have been updated below.Let's check, How Rich is Wade Davis in 2019-2020? Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. Family Life Wade married his long time girlfriend Katelyn Casey in 2009. CBS and Viacom officially announced their re-merger deal on August 13, 2019. Job, Small Davis will be CEO. 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. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. Send us a tip using our annonymous form. He is from United States. Skills Subscribe to Deadline Breaking News Alerts and keep your inbox happy. WORTH Published on February 9, 2020 . "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. 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. A planned initial public offering in 2015 was scratched. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. 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. As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. Viacom was also up for four nominations following its national wins. 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. 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 . 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 . 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. $992.22K on May 15, 2017. "I thought it was a really strong quarter for us," Davis said. Wade Davis. Viacom has promoted Wade Davis to chief financial officer, replacing Jimmy Barge. We want to hear from you! 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. Wade consulted for Google, P&G, Viacom & Bacardi. Getty Images. 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. Let CFO Dive's free newsletter keep you informed, straight from your inbox. Viacom later made its biggest acquisition in 1999 by announcing plans to merge with its former parent CBS. Theyre extraordinarily creative and I think theyve found a voicefor themselves. New York, NY 10036. . Viacom later fully acquired Showtime/the movie channel in 1985 from Warner-Amex. Wade Davis who bought 28,710 units worth 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. This interview has been edited for brevity and clarity. Former Viacom CFO Wade Davis' ForgeLight and Searchlight Capital have closed their acquisition of Univision, the two investment companies announced Tuesday. All proxy statements are public filings made available to the general public by the SEC. 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. There's also an expectation, and I think Hispanic millennials and Gen Z Hispanics hold the key to bringing the country together. A Univision spokesperson declined Bloomberg's requests for comment. The $13.7 billion deal included the assumption of the companys $1.4 billion in debt. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. Wade Davis (born September 7, 1985) is famous for being baseball player. Dallas-Fort Worth Metroplex. 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. 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. Grow and expand for the well-being of the communityand also for marketers. | 1 p.m. As of 2023, Wade Davis's net worth is $100,000 - $1M. The deal, first . "It's a huge opportunity that is completely open from a competitive standpoint.". Univision Communications Inc. plans to launch a streaming service this year. 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. Before joining Netflix, Wade consulted for Google, P&G, Viacom & Bacardi. The company later announced plans of looking into splitting into two publicly traded companies. 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. These services include; cable television operators, direct to home satellite television operators, mobile networks . They have also received great support from their fans who believe in them and love what they do as a team. If Wade Davis, former Viacom Get the free daily newsletter read by industry experts. . It will truly be an evolution. Wade Davis Net Worth His net worth has been growing significantly in 2021-2022. The second Viacom was the worlds ninth-largest media company in terms of revenue, and the headquarters were located at One Astor Plaza in Midtown Manhattan, New York City. A former national surrogate for President Obama, Wade has been an Adjunct Professor at both the NYU School of Professional Studies Tisch Institute for Sports Management, Media, and Business and the Rutgers University School of Public Affairs and Administration. 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. $1 Million - $5 Million. Wade Davis's income source is mostly from being a successful . Net worth of Viacom in 2022. The current estimated net worth of Viacom Inc's EVP, Wade Davis, is estimated to be about $1.65M . 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