Reports of Davis's pursuit of . By subscribing, I agree to the Terms of Use and Privacy Policy. Davis founded ForgeLight last year. We want to hear from you! Wade Davis Shakes Up Univision's C-Suite In A Major Way May not be copied or duplicated without express written permission. Wade C Davis, Univision Communications Inc: Profile and Biography Univision Sold To Investment Firm Of Former Viacom CFO Wade Davis Wade Davis - 2021 Salary & ContractWade Davis salary is $1,250,000 per year, including a $0 signing bonus. Prior to founding ForgeLight, Davis served as EVP & CFO for Viacom, where he played a key role in driving a turnaround of the business. February 25, 2020. Just about any story is fair game, if a dollar sign can make its way into the article. Submit a correction suggestion and help us fix it. When you look at what the current management team has been able to accomplish in the last 18 months, its quite remarkable. In this role, he delivered total company growth across revenue, operating income, and earnings per share. The announcement said Televisa will serve as an important partner to the new ownership and management team going forward. The oldest company is Fisher Communications, founded in 1910. . Future US, Inc. Full 7th Floor, 130 West 42nd Street, You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. 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. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago. Our model gets smarter over time as more people share salaries on Glassdoor. VP, Global Broadcast Operations of TelevisaUnivision, Inc. VP of TelevisaUnivision Mexico Networks Programming, Marketing & Research. 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. . See All CEO & Executives. 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. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. The Davis-led investor group on Tuesday said it agreed to acquire a 64 percent majority stake in Univision for an undisclosed sum. 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 This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. All information these cookies collect is aggregated and therefore anonymous. NY 10036. The average Univision hourly pay ranges from approximately $24 per hour for an Intern - Hourly to $114 per hour for a Director. 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. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . By Jill Goldsmith. Its one of the most profitable media businesses in the industry. Searchlight Capital Partners and ForgeLight to Acquire Majority Stake NEW YORK With the transition in power from Vince Sadusky to Wade Davis at Univision Communications in January 2021, a veteran sales . 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. Searchlight Capital Partners and ForgeLight to Acquire Majority Stake The agreement is one of Univisions most strategic assets, giving it exclusive access to the largest Spanish-language video library in the world. To see the rest of the Wade Davis' contract breakdowns, & gain access to all of Spotrac's Premium tools, sign up today. Signage at Univision's Los Angeles headquarters is seen in 2016. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. Wade Davis - Biography - MarketScreener.com Univision Holdings, Inc. Competitors and Similar Companies - Zippia David Westin speaks with top names in finance about the week's biggest issues on Wall Street. 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. Former Viacom CFO new CEO at Univision | CFO Dive Learn from our experts on Hispanic consumers. 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. The community relies on everyone sharing. 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. Can you drill down and tell us what you see standing out in Univisions asset base? The national average salary for a Univision Holdings, Inc. employee in the United States is $65,488 per year. 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. All net worths are calculated using data drawn from public sources. Biography. Wade Davis Univision CEO Interview - The Hollywood Reporter And its for sure the case that if you look at the competitive landscape, there is no high-quality differentiated OTT offering at scale. Univision reportedly "nearing a sale" to investment group 2021-2021 Free Agent Continuing a . Televisa will sell its content and media business to Univision. December 29, 2020 12:29pm. Veteran media executive Wade Davis to become CEO of Univision upon closing. Wade Davis is the Chief Executive Officer of Univision Communications Inc., the leading Hispanic media company in the United States. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. Wade Davis baseball stats with batting stats, pitching stats and fielding stats, along with uniform numbers, salaries, quotes, career stats and biographical data presented by Baseball Almanac. Davis earned a dual BA degree, with honors, in Economics & Philosophy from Williams College. There was a problem. 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. Univision, Televisa Close Deal, Forming Spanish-Language Media Giant On December 29, Searchlight III UTDandForgeLights acquisition of a majority stake ofUnivision Holdingsformally closed. 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. 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. He played in their minor league system before making his MLB debut for the Rays in 2009 where he played through the 2012 season. We welcome all corrections and feedback using the button below. 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. Theyve divested the English-language cable channels as theyve been sunset. Steve Mandala. Wade Davis is officially Univision's new CEO. Musk Made a Mess at Twitter. 2022: Univision Communications Inc. completed the acquisition of Content and Media Assets . -. 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. Since closing that deal, Davis has hired more than 500 people and made . NAB: 2022 Quadrennial Review A Rerun Of Unfinished 18, Dual Screen Ubiquity: A Tale Of Todays TV Viewer. They help us to know which pages are the most and least popular and see how visitors move around the site. And if you go back to the asset base that I just described, its an incredible setup to be able to take advantage of what is a very wide open competitive landscape and a huge market opportunity. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. Login Here. Univision. These cookies may be set through our site by our advertising partners. EVP, Chief Financial Officer of TelevisaUnivision, Inc. President of TelevisaUnivision US Local Media, General Director, Mexico Government Relations, VP of TelevisaUnivision Mexico Growth Officer. 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. . Get our latest storiesin the feed of your favorite networks. Wade Davis - Wikipedia Univision will pay $3bn in cash and $1.5bn in Univision stock, with the remainder funded by other sources. ForgeLight and SearchLight, meanwhile, will buy a majority 64% ownership interest from all the other stockholders of the privately-held company. 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Salary Score. . This will enable Televisa to pay down debt. Its not because were trying to be evasive about it. Get the latest news, stats, videos, highlights and more about relief pitcher Wade Davis on ESPN. And in that private transaction, the details of the individual transactions are private. And to the extent we can talk about the strategy publicly, that something thats going to happen in due time. Read Also: Frontera Wines Joins Sponsors for Univisions Latin Grammys. 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. The information does not usually directly identify you, but it can give you a more personalised web experience. Read what they think about their salaries on our Compensation FAQ page for Univision. Pierluigi Gazzolo was named president and chief transformation officer at Univision, I consent the use of my personal data in accordance with Future's. what happened to dyani on dr jeff rocky mountain vet TelevisaUnivision - Wikipedia This documentary-style series follows investigative journalists as they uncover the truth. . And thats back to whats so unique about this business. TelevisaUnivision will be led by CEO Wade Davis, the former Viacom CFO who led a group that bought Univision last year. Any plans for Univision to revisit a potential IPO down the road? Deadline is a part of Penske Media Corporation. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. They acquired the company for $13.7 billion in 2007, beating out a rival bid from Televisa. Univision TV President Isn't Worried About Netflix's - Yahoo! Wade Davis - Biography - IMDb He was in the Royals starting rotation in 2013 but moved to the bullpen where he played in 2014. Apache/2.4.54 (Debian) Server at portada-online.com Port 80 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. Wade Davis - Chief Executive Officer - TelevisaUnivision | ZoomInfo Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX, Chief Executive Officer, Univision Communications Inc. Theyve refocused the business on the core audience. 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.. By . On July 20, 2019, Univision rebranded its Univision Deportes Network cable channel as TUDN, as part of a collaboration with its content partner Televisa.. On February 25, 2020, investment firms ForgeLight (launched by founder & CEO & ex-Viacom CFO Wade Davis) and Searchlight Capital agreed to acquire the 64% controlling stake in the company that was held by its investment group ownership . The context, insight and strategic content that Televisa brings to Univision have been key to the companys success., He said he has worked with Searchlight as a limited partner, board member and friend since the team founded the firm. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer. 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. Univision Plans New, Ad-Supported Streamer: Report 12/21/2020 - MediaPost Subscribe for full access to The Hollywood Reporter. 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.
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