New York, Can A Pro-Deal Website Woo FCC On TEGNA Privatization OK? Get the latest news from Univision. It takes less than ten minutes to set up your company page. Chief Administrative Officer of TelevisaUnivision, Inc. Prior to founding ForgeLight, Davis served as EVP & CFO for Viacom, where he played a key role in driving a turnaround of the business. VP, Global Broadcast Operations of TelevisaUnivision, Inc. VP of TelevisaUnivision Mexico Networks Programming, Marketing & Research. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. 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. And theyve done an incredible job of refreshing their entertainment slate, with Televisa and selection productions on their own. 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. NAB: 2022 Quadrennial Review A Rerun Of Unfinished 18, Dual Screen Ubiquity: A Tale Of Todays TV Viewer. See All CEO & Executives. 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. Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. Streamline RBR, Inc. All rights reserved. From 1996 to 2006 he served as an editor at Radio & Records. 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 . For fiscal 2006, company revenues were $2.026 billion. Can you drill down and tell us what you see standing out in Univisions asset base? But, after gracing our screens for all of two episodes, the bubbly vet was nowhere to be seen. Browse our online application for MLB, NBA, NFL, NHL, EPL, or MLS player contracts, salaries, transactions, and more. 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. 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. These cookies are necessary for the website to function and cannot be switched off in our systems. 2023 Deadline Hollywood, LLC. 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. That creates an incredibly stable base from which to build and innovate on. Show more. Univision Communications went private in 2007 when Haim Saban bought the company for $13.7 billion. His experience includes serving as a C-Suite Fortune 100 operator, board director, investment banker and entrepreneur. So from a financial point of view, an IPO isnt something the company needs or its not something were planning for. There was a problem. Davis finished 4th for AL Rookie of the Year in 2010. That year he was traded to the Kansas City Royals. Davis was part of a group of private-equity investors who agreed in February 2020 to buy a majority stake in Univision. Davis founded ForgeLight last year. Today begins a transformation for Univision. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. A free inside look at Univision salary trends based on 1169 salaries wages for 507 jobs at Univision. AdvancePath was successfully sold to Graduation Alliance. 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. He also founded AdvancePath Academics, a technology-based provider of dropout recovery and alternative education solutions. Wade Davis may refer to: . December 29, 2020 12:29pm. 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. With that, Wade Davis succeeded Vince Sadusky as Univision's CEO. Financial terms of the of the transaction were not disclosed. An IPO isnt something we plan for; its not something the company particularly needs. He is a pitcher who bats and throws right handed. 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. TelevisaUnivision will be led by CEO Wade Davis, the former Viacom CFO who led a group that bought Univision last year. Just about any story is fair game, if a dollar sign can make its way into the article. 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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. 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. Salaries posted anonymously by Univision employees. Thats something that got to be built by the team and something that got to be owned by the team. And its for sure the case that if you look at the competitive landscape, there is no high-quality differentiated OTT offering at scale. Click on the different category headings to find out more and change our default settings. Wade Davis, Univision's new CEO, named his senior management team, bringing several well-known industry executives to the Spanish-language media company. By. Executive Chairman of TelevisaUnivision, Inc. & Co-CEO of TelevisaUnivision Mexico. 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. 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. 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. The average Univision salary ranges from approximately $49,404 per year for an Administrative Assistant to $325,473 per year for a Vice President. All net worths are calculated using data drawn from public sources. Wade Davis's net worth is $0. 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 . He played in their minor league system before making his MLB debut for the Rays in 2009 where he played through the 2012 season. 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. Its not something were going to disclose. Happy to announce that . Signup for Breaking News Alerts & Newsletters. The highest-paying job at Univision is a Vice President with a salary of $325,473 per year. Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexico's Grupo Televisa announced Tuesday they've completed the acquisition of giant . NY 10036. Partnered with the USA TODAY Sports Media Group|Powered by, Signed a minor league contract with Kansas City (KC), Signed a 3 year $52 million contract with Colorado (COL), including a vesting option for 2021, Chicago (CHC) extended a $17.4 million Qualifying Offer for 2018, Traded to Chicago (CHC) from Kansas City (KC) for, Kansas City (KC) exercised a $10M option for 2017, Kansas City (KC) exercised an $8 million option for 2016, Kansas City (KC) exercised a $7 million option for 2015, Traded to Kansas City (KC) from Tampa Bay (TB) with, Signed a 4 year $12.6 million contract with Tampa Bay (TB), Signed a 1 year $404k contract with Tampa Bay (TB), Signed a 1 year $400k contract with Tampa Bay (TB), Drafted by Tampa Bay (TB): Round 3 (#75 overall), Drafted by Tampa Bay (TB): Round 3 (#75overall). The group includes . Davis said he is honored to be partnering with Televisa and Searchlight to help steward Univision into this next phase. Signage at Univision's Los Angeles headquarters is seen in 2016. 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. This documentary-style series follows investigative journalists as they uncover the truth. Televisa has a shared history with Univision dating back many years and a deep strategic relationship today. Future US, Inc. 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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. Read Also: Frontera Wines Joins Sponsors for Univisions Latin Grammys. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}3.4. Adam Jacobson. Thank you for signing up to Broadcasting & Cable. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. wade davis univision salary. Salary: $4.8 Million Date of Birth: Sep 7, 1985 (37 years old) Place of Birth . Univision abre una nueva etapa: cierra su venta, estrena nuevo jefe y planea un servicio de streaming. They help us to know which pages are the most and least popular and see how visitors move around the site. On Thursday, Univision reported revenue . - Veteran media executive Wade Davis to become CEO of Univision upon closing . NEW YORK With the transition in power from Vince Sadusky to Wade Davis at Univision Communications in January 2021, a veteran sales . Televisa elects to maintain its existing ownership stake in support of new ownership group; Televisa's Program License Agreement with Univision remains unchanged. 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. Co-CEO of TelevisaUnivision Mexico . Univision will pay $3bn in cash and $1.5bn in Univision stock, with the remainder funded by other sources. . Deadline is a part of Penske Media Corporation. * To subscribe, you must consent to Futures privacy policy. Hemisphere Media Group, Platinum Equity and former Viacom CFO Wade Davis have made overtures to Univision. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. Our talented operating team has transformed Univision to be strategically, operationally and financially stronger than it has been in years, Sadusky said. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. What wasnt expected: a major house cleaning in Univisions C-Suite. Wade Davis. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . Univision employees rate the overall compensation and benefits package 3.1/5 stars. 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. 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. He was in the Royals starting rotation in 2013 but moved to the bullpen where he played in 2014. Latest news about Wade Davis : 01/12: Transcript : Jaguar Health, Inc. - Special Call: CI. 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 . Mexico's media giant Grupo Televisa and U.S. Spanish-language broadcaster Univision today announced they have . December 1, 2021. Adam Jacobson . Moving forward after its Jan. 31 merger to become TelevisaUnivision, U.S. Spanish-language media giant Univision reported on its final quarter before joining with Mexico's Grupo Televisa. Davis achieved these results by creating several strategic operational improvements, implementing an organizational redesign, leading cost transformation initiatives, and directing the operational oversight of key growth segments. Davis earned a dual BA degree, with honors, in Economics & Philosophy from Williams College. February 25, 2020 9:03am. 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. 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. Tambin hoy se oficializ otra de las noticias que te dimos en su momentos, Wade Davis, director general y fundador de ForgeLight, asumi el rol de director general de Univision (CEO), a partir . 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. As such, Searchlight, a private investment firm founded by CEO Wade Davis, and associated entity, ForgeLight an operating and investment company focused on the media and consumer technology sectors are now the holders of shares in Univision previously held byMadison Dearborn Partners, Providence Equity Partners, TPG, Thomas H. Lee Partners,andSaban Capital Group. The smarter way to stay on top of broadcasting and cable industry. Biography. 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. CEO of TelevisaUnivision, Inc. Bernardo Gmez Martinez. Continuing a . . A look at the injuries for Wade Davis, and the financial implications. Wade Davis was born in Lake Wales, Florida in September 1985. Searchlight Capital Partners and ForgeLight to Acquire Majority Stake in Univision. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. Its reflected in the success theyve had in renewing with all of their distributors. Theyve refocused the business on the core audience. The average Univision hourly pay ranges from approximately $24 per hour for an Intern - Hourly to $114 per hour for a Director. Davis Board memberships include Cengage Learning, Executive Chairman of Hammerhead Navigation and the Board of Directors of Daybreak Games. Feb. 14, 2020 2:06 PM PT. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. 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. Related Company Competitors. Any plans for Univision to revisit a potential IPO down the road? Salary Score. ForgeLight and SearchLight, meanwhile, will buy a majority 64% ownership interest from all the other stockholders of the privately-held company. Veteran media executive Wade Davis to become CEO of Univision upon closing. 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. How much do Univision employees make? Univision Communications. . Now, major changes are coming to the C-Suite. Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexico's Grupo Televisa . ForgeLight was founded in 2019 by Wade Davis and is an operating and investment company focused on the media and . Get the latest news, stats, videos, highlights and more about relief pitcher Wade Davis on ESPN. 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. Wade Davis is the Chief Executive Officer of Univision Communications Inc., the leading Hispanic media company in the United States. They acquired the company for $13.7 billion in 2007, beating out a rival bid from Televisa. Liked by Wade Davis. Jon has been business editor of Broadcasting+Cable since 2010. Wade Davis, Univision chief executive . Theyve divested the English-language cable channels as theyve been sunset. 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. If you do not allow these cookies, you will experience less targeted advertising. By . When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Through the 2014 season Davis has a record of 45 35 with 564 strikeouts and an ERA of 3.91. By admin. What is Univision doing well now and what needs improvement? It has this content supply agreement from Televisa, a strategic partner, and Televisa is the largest producer of Spanish-language content in the world. 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. Theres no question that Univision has the scale it needs to have. 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. 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. And to the extent we can talk about the strategy publicly, that something thats going to happen in due time. They have no renewals for multiple years going forward. The information does not usually directly identify you, but it can give you a more personalised web experience. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Explorer-in-Residence at the National Geographic Society from 2000 to 2013, he is currently Professor of Anthropology and the BC Leadership Chair in Cultures and Ecosystems at Risk at . Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. And thats back to whats so unique about this business. 2022: Transcript : Tikehau Capital, H1 2022 Earnings Call, Jul 28, 2022 . 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. 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 . On December 29, Searchlight III UTDandForgeLights acquisition of a majority stake ofUnivision Holdingsformally closed. Univision. We view this transaction as a strong vote of confidence by Univisions new owners in Televisas insight, creativity and its place as an undisputed leader in producing high-quality Spanish-language content targeting a dynamic and growing audience demographic., Spirit Awards: 'Everything Everywhere All At Once' Takes Best Feature, 6 Other Trophies; 'The Bear', Quinta Brunson Tops In TV - Full Winners List, Will Moviegoers Lend An Ear To Children Of The Corn Remake? . Achieving our objectives will require new ways of working together, diversity of perspectives and in some cases new talent and skillsets. Thank you, you'll be receiving newsletter updates from us in your email inbox. -. Deportes Digest . Wade Davis Dario Acosta/Courtesy of Viacom. The financial performance of the business has never been stronger in years. L to R: Alfonso de Angoitia and Wade Davis. It's a done deal. The announcement said Televisa will serve as an important partner to the new ownership and management team going forward. When you look at what the current management team has been able to accomplish in the last 18 months, its quite remarkable. Univision already has the fledgling Prende TV ad-supported streaming service which launched March 30 as a collection of 40 live streaming channels offering 10,000 hours of programming. So the management team has done a remarkable job of stabilizing the business and positioning it for growth. Visit our corporate site (opens in new tab). Read what they think about their salaries on our Compensation FAQ page for Univision. Broadcasting+Cable is part of Future US Inc, an international media group and leading digital publisher. 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. Giant Miami-based Spanish language broadcaster. 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. The latest from the Univision Sports team. 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