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. wade davis univision salary. 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. By . Pierluigi Gazzolo was named president and chief transformation officer at Univision, I consent the use of my personal data in accordance with Future's. 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. 2022: Transcript : Tikehau Capital, H1 2022 Earnings Call, Jul 28, 2022 . Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Prior to founding ForgeLight, Davis served as EVP & CFO for Viacom, where he played a key role in driving a turnaround of the business. NAB: 2022 Quadrennial Review A Rerun Of Unfinished 18, Dual Screen Ubiquity: A Tale Of Todays TV Viewer. Wade Davis's net worth is $0. New York, They help us to know which pages are the most and least popular and see how visitors move around the site. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. Career Earnings: Year Basic Salary 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. 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 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. 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. 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. The information does not usually directly identify you, but it can give you a more personalised web experience. Adam Jacobson . Wade Davis continues as CEO of the merged company and discussed Univision's fourth quarter 2021 results with Wall Street analysts on Friday. All Rights Reserved. The smarter way to stay on top of broadcasting and cable industry. 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 . Since closing that deal, Davis has hired more than 500 people and made . Giant Miami-based Spanish language broadcaster. Im so proud of everything we have accomplished that has led us to this great outcome. He is a pitcher who bats and throws right handed. Wade Davis is the Chief Executive Officer of Univision Communications Inc., the leading Hispanic media company in the United States. So from a financial point of view, an IPO isnt something the company needs or its not something were planning for. Thank you, you'll be receiving newsletter updates from us in your email inbox. They acquired the company for $13.7 billion in 2007, beating out a rival bid from Televisa. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Data Fraud Is Focus To Bolster Chinas Lackluster Carbon Market, China Gives New Backing to Coal Even as Clean Energy Accelerates, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? Univision Communications. Learn from our experts on Hispanic consumers. And in that private transaction, the details of the individual transactions are private. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer. The agreement is one of Univisions most strategic assets, giving it exclusive access to the largest Spanish-language video library in the world. Show more. Send us a tip using our annonymous form. Adam Jacobson. 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 . CEO of TelevisaUnivision, Inc. Bernardo Gmez Martinez. Executive Chairman of TelevisaUnivision, Inc. & Co-CEO of TelevisaUnivision Mexico. L to R: Alfonso de Angoitia and Wade Davis. Wade Davis - 2021 Salary & ContractWade Davis salary is $1,250,000 per year, including a $0 signing bonus. 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. Univision employees attributed a compensation and benefits rating of 3.1/5 stars to their company. Visit our corporate site (opens in new tab). -. 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. The Hollywood Reporter is a part of Penske Media Corporation. Standard General, Tegna Seeking FCC Review of Merger Review Order, UFC 285 PPV - Jon Jones vs. Ciryl Gane: What's On This Weekend in TV Sports (March 4-5), Puss in Boots: The Last Wish to Stream Exclusively on Peacock. Happy to announce that . Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Sign up below. Univision. Does Univision have the scale it needs in todays competitive landscape, or do you envision additional M&A to get additional scale? 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. Liked by Wade Davis. 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. Vince Sadusky has been running Univision as CEO since Randy Falco retired at the end of 2018. with an average yearly salary of $72,781. 2023 The Hollywood Reporter, LLC. 2023 Deadline Hollywood, LLC. Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexico's Grupo Televisa . We want to hear from you! See All CEO & Executives. Wade is the second-cousin of former MLB player Jody Davis. Now, major changes are coming to the C-Suite. 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. TelevisaUnivision. Wade Davis currently plays position Kansas City Royals for Kansas City Royals in Major League Baseball, the senior baseball league in the United States. Will His AI Plans Be Any Different? 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. 2022: Univision Communications Inc. completed the acquisition of Content and Media Assets . This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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 . Signage at Univision's Los Angeles headquarters is seen in 2016. Theyve done a great job of de-levering the balance sheet. Wade Davis. Please refresh the page and try again. . So the management team has done a remarkable job of stabilizing the business and positioning it for growth. Univision Miami to Host Miami-Dade County Mayoral Debate With Top Candidates Facing Off in Multi-Media Event Tonight at 5pm on Univision 23 y Radio. Mexico's media giant Grupo Televisa and U.S. Spanish-language broadcaster Univision today announced they have . . Deadline is a part of Penske Media Corporation. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. 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 . Davis finished 4th for AL Rookie of the Year in 2010. . As part of the acquisition, ForgeLight Chief Executive and founder Wade Davis will become CEO of Univision at the closing of the deal, Univision said. 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. It has this content supply agreement from Televisa, a strategic partner, and Televisa is the largest producer of Spanish-language content in the world. As expected, Davis assumed Univisions Chief Executive chair fromVince Sadusky. He takes over the reins from Vince Sadusky, who led the company since mid-2018, when he replaced Randy Falco.. 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. . They do not store directly personal information, but are based on uniquely identifying your browser and internet device. Get our latest storiesin the feed of your favorite networks. 2021-2021 Free Agent Its reflected in the success theyve had in renewing with all of their distributors. 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. 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. These cookies are necessary for the website to function and cannot be switched off in our systems. Any plans for Univision to revisit a potential IPO down the road? Feb. 14, 2020 2:06 PM PT. NEW YORK With the transition in power from Vince Sadusky to Wade Davis at Univision Communications in January 2021, a veteran sales . What wasnt expected: a major house cleaning in Univisions C-Suite. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. 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 . 2023 Celebrity Net Worth / All Rights Reserved. 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. Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. Also Read: Wade Davis and Searchlight Close Deal for Majority Univision Stake. Click on the different category headings to find out more and change our default settings. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. Televisa elects to maintain its existing ownership stake in support of new ownership group; Televisa's Program License Agreement with Univision remains unchanged. Its not something were going to disclose. 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. 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. Signup for Breaking News Alerts & Newsletters. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. These cookies may be set through our site by our advertising partners. 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. Theyve refocused the business on the core audience. TelevisaUnivision will be led by CEO Wade Davis, the former Viacom CFO who led a group that bought Univision last year. How much do Univision employees make? Salaries posted anonymously by Univision employees. And thats back to whats so unique about this business. All net worths are calculated using data drawn from public sources. From 1996 to 2006 he served as an editor at Radio & Records. * To subscribe, you must consent to Futures privacy policy. By subscribing, I agree to the Terms of Use and Privacy Policy. Salary: $4.8 Million Date of Birth: Sep 7, 1985 (37 years old) Place of Birth . David Westin speaks with top names in finance about the week's biggest issues on Wall Street. 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. 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. NY 10036. 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. 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. He played in their minor league system before making his MLB debut for the Rays in 2009 where he played through the 2012 season. 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. AdvancePath was successfully sold to Graduation Alliance. February 25, 2020 9:03am. Are you disclosing what your consortium paid for the majority stake in Univision? Sign up for THR news straight to your inbox every day. The announcement said Televisa will serve as an important partner to the new ownership and management team going forward. By admin. 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. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. Televisa has a shared history with Univision dating back many years and a deep strategic relationship today. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. The liberal Spanish-media giant Univision has been sold.Media executive Wade Davis is heading up a private group to buy a majority stake in the company and will be its new CEO. Streamline RBR, Inc. All rights reserved. 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. Login Here. 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. - Veteran media executive Wade Davis to become CEO of Univision upon closing . Can you drill down and tell us what you see standing out in Univisions asset base? And its for sure the case that if you look at the competitive landscape, there is no high-quality differentiated OTT offering at scale. December 1, 2021. Davis was part of a group of private-equity investors who agreed in February 2020 to buy a majority stake in Univision. Biography. Subscribe for full access to The Hollywood Reporter. 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. Submit. 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. Get the latest news from Univision. With that, Wade Davis succeeded Vince Sadusky as Univision's CEO. 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 Davis, Univision's new CEO, named his senior management team, bringing several well-known industry executives to the Spanish-language media company. It has some of the best margins of the traditional media businesses. 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. That year he was traded to the Kansas City Royals. December 29, 2020 12:29pm. Univision y Televisa juntarn sus contenidos para crear el mayor conglomerado de medios en espaol 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. Submit a correction suggestion and help us fix it. Davis said he is honored to be partnering with Televisa and Searchlight to help steward Univision into this next phase. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. 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. Future US, Inc. Full 7th Floor, 130 West 42nd Street, The success of this turnaround paved the way for the merge of Viacom and CBS to create ViacomCBS. We welcome all corrections and feedback using the button below. Davis on Tuesday discussed driving towards the streaming space with Univision, closing distribution deals and content spending. Just about any story is fair game, if a dollar sign can make its way into the article. 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. Financial terms of the of the transaction were not disclosed. Univision Communications went private in 2007 when Haim Saban bought the company for $13.7 billion. Davis was previously Viacom's chief . Salary Score. 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. Theres going to be a number of months until we actually close the transaction and the specifics about what the strategy on a go-forward basis is. 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). Browse our online application for MLB, NBA, NFL, NHL, EPL, or MLS player contracts, salaries, transactions, and more. A look at the injuries for Wade Davis, and the financial implications. 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. 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. The community relies on everyone sharing. wade davis univision salary. In this role, he delivered total company growth across revenue, operating income, and earnings per share. Can A Pro-Deal Website Woo FCC On TEGNA Privatization OK? Thats something that got to be built by the team and something that got to be owned by the team. It takes less than ten minutes to set up your company page. This will enable Televisa to pay down debt. How much do Univision employees make? Can you discuss your strategy focus for Univision, and specifically bringing the traditional broadcaster into the streaming-first space? Univision abre una nueva etapa: cierra su venta, estrena nuevo jefe y planea un servicio de streaming. Hemisphere Media Group, Platinum Equity and former Viacom CFO Wade Davis have made overtures to Univision. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago. Wade Davis Shakes Up Univision's C-Suite In A Major Way. This documentary-style series follows investigative journalists as they uncover the truth. Wade Davis. 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. Amy Tenbring and Glenn Dryfoos were promoted to co-interim general counsel at Unvision; Jessica Rodriguez will continue as CMO and Friday Abernethy was promoted to executive VP of content distribution and partnerships. Univision Holdings, Inc. competitors are Entravision Communications, Nexstar Media Group, TEGNA, and more. Apache/2.4.54 (Debian) Server at portada-online.com Port 80 To see the rest of the Wade Davis' contract breakdowns, & gain access to all of Spotrac's Premium tools, sign up today. 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. Davis and Searchlight Capital Partners are expected to pay $800 million for a controlling stake in 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 acquisition of giant . ForgeLight was founded in 2019 by Wade Davis and is an operating and investment company focused on the media and . He was in the Royals starting rotation in 2013 but moved to the bullpen where he played in 2014. Steve Mandala. 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 may refer to: . 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