The smarter way to stay on top of broadcasting and cable industry. Media executive Wade Davis is heading up a private group to buy a majority stake in the company and will be its new CEO. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. With that, Wade Davis succeeded Vince Sadusky as Univision's CEO. He was in the Royals starting rotation in 2013 but moved to the bullpen where he played in 2014. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance. Prior to Viacom, Davis co-founded Americas Choice, Inc. where he acquired research and associated IP to build a for-profit K-12 school performance improvement solutions business. PENELOPE THE PIG WAS THE CUTEST THING I HAD EVER SEEN. 2022: TelevisaUnivision Spanish-language streaming platform ViX to launch in March: RE. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. Get our latest storiesin the feed of your favorite networks. Univision reportedly "nearing a sale" to investment group involving former Viacom EVP Wade Davis, at a much lower price than 2007 Univision changed hands for $13.7 billion in 2007, but seems . Univision Communications. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. Click on the different category headings to find out more and change our default settings. What is Univision doing well now and what needs improvement? So from a financial point of view, an IPO isnt something the company needs or its not something were planning for. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. . Show more. Adam Jacobson. Happy to announce that . Wade Davis Dario Acosta/Courtesy of Viacom. -. Searchlight Capital Partners and ForgeLight to Acquire Majority Stake in Univision. Davis was part of a group of private-equity investors who agreed in February 2020 to buy a majority stake in Univision. AdvancePath was successfully sold to Graduation Alliance. And its for sure the case that if you look at the competitive landscape, there is no high-quality differentiated OTT offering at scale. Sign up below. Jon has been business editor of Broadcasting+Cable since 2010. Deportes Digest . Since closing that deal, Davis has hired more than 500 people and made . What wasnt expected: a major house cleaning in Univisions C-Suite. Also Read: Wade Davis and Searchlight Close Deal for Majority Univision Stake. You will receive a verification email shortly. The lowest-paying job at Univision is an Administrative Assistant with a salary of $49,404 per year. 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. How much do Univision employees make? Login Here. We began the evolution of our team with the appointment of world class leaders to our board of directors to bring together skillsets and diversity that Univision has never had at the board level. 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. Thats something that got to be built by the team and something that got to be owned by the team. For fiscal 2006, company revenues were $2.026 billion. 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. When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. This website is not directly or indirectly affiliated, associated, or connected in any way to Major League Baseball, the National Basketball Association, the National Football League or the National Hockey League. The Davis-led investor group on Tuesday said it agreed to acquire a 64 percent majority stake in Univision for an undisclosed sum. Latest news about Wade Davis : 01/12: Transcript : Jaguar Health, Inc. - Special Call: CI. L to R: Alfonso de Angoitia and Wade Davis. May not be copied or duplicated without express written permission. 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. Streamline RBR, Inc. All rights reserved. He played in their minor league system before making his MLB debut for the Rays in 2009 where he played through the 2012 season. 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Davis earned a dual BA degree, with honors, in Economics & Philosophy from Williams College. Theyve renewed one hundred percent of their distributor agreements, which is something that no other company in the industry can say. wade davis univision salary. Salary: All-Star: World Series: 2009 Tampa Bay Rays: 58--2010 Tampa Bay Rays: 40--2011 Tampa Bay Rays: 40--2012 Tampa Bay Rays: 40--2013 Kansas City . Prior to founding ForgeLight, Davis served as EVP & CFO for Viacom, where he played a key role in driving a turnaround of the business. All Rights Reserved |, Vince Sadusky, who led the company since mid-2018, Eli Velzquez tapped to lead Telemundo Deportes, Maclovio Perez joins KAVU as chief meteorologist, Lorena Incln returns to Miami as reporter for NBC6 and Telemundo51, Elizabeth Valds retires from Telemundo network, Linda Guerrero joins Americano Media as anchor. Its one of the most profitable media businesses in the industry. His experience includes serving as a C-Suite Fortune 100 operator, board director, investment banker and entrepreneur. Also, by disabling these cookies you will also disable banner ads served by Google Adsense on this website.. For more information about these items, view our complete privacy policy.Read More. All Rights Reserved. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . Wade Davis's net worth is $0. 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. Already Subscribed? Wade is the second-cousin of former MLB player Jody Davis. Reports of Davis's pursuit of . 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. Davis was previously Viacom's chief . It's a done deal. 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 . 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. Former ViacomCBS exec Pierluigi Gazzolo was named president and chief transformation officer at Univision; Luis Silberwasser, last with Telemundo, was named president of the Univision Television Networks Group; and former Turner ad sales head Donna Speciale was named president of advertising sales and marketing. The Hollywood Reporter is a part of Penske Media Corporation. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. Submit a correction suggestion and help us fix it. Related Company Competitors. Univision will pay $3bn in cash and $1.5bn in Univision stock, with the remainder funded by other sources. In this role, he delivered total company growth across revenue, operating income, and earnings per share. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. Giant Miami-based Spanish language broadcaster Univision is being acquired by two private investment firms, ForgeLight and Searchlight Capital Partners, and will enter a new era led by Wade Davis 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. Univision. Chief Administrative Officer of TelevisaUnivision, Inc. . VP, Global Broadcast Operations of TelevisaUnivision, Inc. VP of TelevisaUnivision Mexico Networks Programming, Marketing & Research. February 25, 2020 9:03am. Subscribe for full access to The Hollywood Reporter. 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. Univision abre una nueva etapa: cierra su venta, estrena nuevo jefe y planea un servicio de streaming. Employees in the top 10 percent can make over $127,000 per year, while employees at the bottom 10 percent earn less than $33,000 per year. religious interview questions and answers sharleen spiteri ashley heath. Now, major changes are coming to the C-Suite. On December 29, Searchlight III UTDandForgeLights acquisition of a majority stake ofUnivision Holdingsformally closed. The national average salary for a Univision Holdings, Inc. employee in the United States is $65,488 per year. Future US, Inc. Full 7th Floor, 130 West 42nd Street, 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. 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 . 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. 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Use of any marks, trademarks, or logos on this website shall not constitute a sponsorship or endorsement by the trademark holder. Wade Davis - 2021 Salary & ContractWade Davis salary is $1,250,000 per year, including a $0 signing bonus. 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 . Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. This documentary-style series follows investigative journalists as they uncover the truth. Financial terms of the of the transaction were not disclosed. Biography. And thats back to whats so unique about this business. Wade Davis. Univision Communications went private in 2007 when Haim Saban bought the company for $13.7 billion. Thank you, you'll be receiving newsletter updates from us in your email inbox. If you do not allow these cookies, you will experience less targeted advertising. He also founded AdvancePath Academics, a technology-based provider of dropout recovery and alternative education solutions. Liked by Wade Davis. 2021-2021 Free Agent Wade Davis is the Chief Executive Officer of Univision Communications Inc., the leading Hispanic media company in the United States. Continuing a . An investor group led by former Viacom CFO Wade Davis said Tuesday it has closed its acquisition of a 64 percent stake in Spanish-language media giant Univision Communications. Signup for Breaking News Alerts & Newsletters. Adam Jacobson . Wade Davis is officially Univision's new CEO. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. Bloomberg's Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide in-depth research and data on more than 2,000 companies and 130 industries. New York, Feb. 14, 2020 2:06 PM PT. . ForgeLight was founded in 2019 by Wade Davis and is an operating and investment company focused on the media and . 2023 Deadline Hollywood, LLC. Theyre the number one news platform, the number one sports platform, the number one music platform across TV, radio and live events, and they have a really powerful and differentiated content supply arrangement with Televisa, the largest Spanish-language content producer in the world. 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. Specialty Preview, Ozy Media Closes In Wake Of Founder Carlos Watson Scandal, TikTok Introduces New Feature To Limit Screen Time For Teens. Wade Davis. 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. All net worths are calculated using data drawn from public sources. 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. Musk Made a Mess at Twitter. Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexico's Grupo Televisa . The success of this turnaround paved the way for the merge of Viacom and CBS to create ViacomCBS. Can you discuss your strategy focus for Univision, and specifically bringing the traditional broadcaster into the streaming-first space? Theres no question that Univision has the scale it needs to have. And in that private transaction, the details of the individual transactions are private. Will His AI Plans Be Any Different? By. One that will see us accelerate our position as the leading U.S. Hispanic media company as we launch new products and services that will drive value for our U.S. Hispanic audience and for our advertising and distribution partners, who want to reach and engage with this critical audience, said Davis, the former Viacom CFO, whose led the acquisition of Univision by ForgeLight and Searchlight. Hemisphere Media Group, Platinum Equity and former Viacom CFO Wade Davis have made overtures to Univision. wade davis univision salary. Davis finished 4th for AL Rookie of the Year in 2010. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}3.4. Pierluigi Gazzolo was named president and chief transformation officer at Univision, I consent the use of my personal data in accordance with Future's. Theyve divested the English-language cable channels as theyve been sunset. A look at the injuries for Wade Davis, and the financial implications. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. Broadcasting+Cable is part of Future US Inc, an international media group and leading digital publisher. NY 10036. They acquired the company for $13.7 billion in 2007, beating out a rival bid from Televisa. 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. . But when I do look at the opportunities that lie in front of the company today, its absolutely the case when you look at the asset base that Univision has whether you start with the brand, the power of the brand and connection with this audience it has this huge audience and the fastest-growing demographic in the U.S. And its culturally relevant, and Univision is the leader with that audience. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Steve Mandala. Theyre the market leader for this audience. Salary: $4.8 Million Date of Birth: Sep 7, 1985 (37 years old) Place of Birth . 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. The group includes . 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. Get the latest news, stats, videos, highlights and more about relief pitcher Wade Davis on ESPN. By admin. 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. Univision employees rate the overall compensation and benefits package 3.1/5 stars. He is a pitcher who bats and throws right handed. Career Earnings: Year Basic Salary Salaries posted anonymously by Univision employees. 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. Can you drill down and tell us what you see standing out in Univisions asset base? Learn from our experts on Hispanic consumers. Wade C Davis is Chief Executive Officer at Univision Communications Inc. See Wade C Davis's compensation, career history, education, & memberships. 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It takes less than ten minutes to set up your company page. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. 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. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago. Davis founded ForgeLight last year. Send us a tip using our annonymous form. The average Univision hourly pay ranges from approximately $24 per hour for an Intern - Hourly to $114 per hour for a Director. Giant Miami-based Spanish language broadcaster. The agreement is one of Univisions most strategic assets, giving it exclusive access to the largest Spanish-language video library in the world. 2023 The Hollywood Reporter, LLC. This was actually a purchase and a sale of specific shares that specific shareholders have. Just about any story is fair game, if a dollar sign can make its way into the article. Any plans for Univision to revisit a potential IPO down the road? 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. Can A Pro-Deal Website Woo FCC On TEGNA Privatization OK? 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 Deadline is a part of Penske Media Corporation. An IPO isnt something we plan for; its not something the company particularly needs. How much do Univision employees make? By . 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. On Monday, Univision, which is led by CEO Wade Davis, forecast overall revenues of $634 million, down 4 percent from a year-earlier $660 million, for the three months to March 31 due to subscriber losses that were partly offset by advertising revenue rising four percent. 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. 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. PACIFIC GROVE, Calif., February 18, 2023--On the evening of February 13th, California American Water activated two new pump stations as part of our efforts to reduce reliance on the Carmel River. Wade Davis Shakes Up Univision's C-Suite In A Major Way. And theyve done an incredible job of refreshing their entertainment slate, with Televisa and selection productions on their own. Wade Davis. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer. 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. Its reflected in the success theyve had in renewing with all of their distributors. Are you disclosing what your consortium paid for the majority stake in Univision? 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. Vince Sadusky has been running Univision as CEO since Randy Falco retired at the end of 2018. A free inside look at Univision salary trends based on 1169 salaries wages for 507 jobs at Univision. Its not because were trying to be evasive about it. Davis has served as a media industry leader for over 25 years, including founding ForgeLight in 2019 to build, acquire and operate companies in the Media and Consumer Technology sectors. When you look at what the current management team has been able to accomplish in the last 18 months, its quite remarkable. They lead not only in general, but in the categories I referenced: news, sports, music and entertainment. 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. Wade Davis is a writer, photographer, and filmmaker whose work has taken him from the Amazon to Tibet, Africa to Australia, Polynesia to the Arctic. Hopefully it comes across how Im excited I am about the business in the short term, and Im going to be single-minded on working with the team to take advantage of these opportunities. 0. Our model gets smarter over time as more people share salaries on Glassdoor. Read what they think about their salaries on our Compensation FAQ page for , Get started with your Free Employer Profile, Sales Coordinator salaries - 40 salaries reported, Account Coordinator salaries - 30 salaries reported, Account Executive salaries - 28 salaries reported, Intern - Hourly salaries - 20 salaries reported, Marketing Manager salaries - 19 salaries reported, Vice President salaries - 17 salaries reported, Financial Analyst salaries - 16 salaries reported, Communications salaries - 12 salaries reported, National Account Coordinator salaries - 12 salaries reported, Executive Assistant salaries - 12 salaries reported, Video Editor salaries - 11 salaries reported, Traffic Coordinator salaries - 11 salaries reported, Marketing Coordinator salaries - 11 salaries reported, Associate Producer salaries - 10 salaries reported, Senior Software Engineer salaries - 9 salaries reported, Research Analyst salaries - 9 salaries reported. Wade was drafted #75 by the Tampa Bay Devil Rays in the 2004 Major League Baseball Draft. We want to hear from you! Wade Davis may refer to: . 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. By Jill Goldsmith. 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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