Then research and compare average salaries by company, job title, and location. Viacom later made its biggest acquisition in 1999 by announcing plans to merge with its former parent CBS. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Viacom later bought VIVA media AG in 2004, the German equivalent to MTV. Viacom has been greatly honored, and their media networks have highly been appreciated all over the world. Davis, who spent 14 years as Viacom finance chief,replaces Vince Sadusky, who has been Univision's CEO since 2018. VIAB Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexicos Grupo Televisa announced Tuesday theyve completed the acquisition of giant Spanish-language broadcaster Univision. This General Release of all Claims (this "Agreement") is entered into by Wade Davis (the "Executive") and Viacom Inc. . Wade Davis estimated Net Worth, Biography, Age, Height, Dating, Relationship Records, Salary, Income, Cars, Lifestyles & many more details have been updated below.Let's check, How Rich is Wade Davis in 2019-2020? 2020. Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! However, the companies were to trade under the ownership of national amusements due to stagnating stock price. Get our latest storiesin the feed of your favorite networks. Hes a former NYU and Rutgers adjunct professor, 2012 President Obama surrogate, and feminist. Wade Davis's largest purchase order was 28,710 units , worth over solution. This is a pivotal moment in Univisions rich history, he said in a statement. Bloomberg Markets Americas. Many companies rise up, become famous, and after some time, they collapse. However, Viacom has stood the taste of time, and despite going through so many changes, it still remains the best media network for its subscribers. A former national surrogate for President Obama, Wade has been an Adjunct Professor at both the NYU School of Professional Studies Tisch Institute for Sports Management, Media, and Business and the Rutgers University School of Public Affairs and Administration. Find contact's direct phone number, email address, work history, and more. . Viacom Inc's most recent insider trade came on May 15, 2017 by . Why? They have also received great support from their fans who believe in them and love what they do as a team. Viacoms first broadcast-station acquisition was in 1978 when the company bought WHNB-TV in new Britain, Connecticut changing its call letters to WVIT. Net Worth in 2022. Later in 1987, Viacom bought MTV networks, which owned MTV and Nickelodeon. Find open jobs near you. This report is not for commercial use. If Wade Davis, former Viacom (Photo by Rodrigo Varela/WireImage). The deal, first . We have estimated Wade Davis's net worth , money, salary, income, and assets. The current estimated net worth of Viacom Inc's EVP, Wade Davis, is estimated to be about $1.65M .Wade Davis owns about 42,424 units of Viacom Inc common stock. 2023 Deadline Hollywood, LLC. In addition, a spin-off company was created named Viacom, which was headed by Freston. $4.8 Million Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. The merger was completed in 2000, and in 2001 Viacom completed its purchase of Black Entertainment Television (BET). Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. I remember research about Univision that said, among U.S. Hispanics, Univision was the most trusted institution, except for the Catholic Church. The two companies Viacom Inc. and CBS corporation succeeded the first Viacom, and they were both owned by National Amusements, which is a theater company controlled by businessman Summer Redstone. Univision announced plans to explore its options last summer. Two years later, Viacom purchased a sanderling broadcasting chain, giving the company radio stations in; New York City, Washington, D.C, Houston, and San Francisco. Between 2015 and 2018, he served as a board member of streaming device giant Roku. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . Wade Davis was born in Lake Wales, Florida in September. Insider trading is most common in May, with the busiest year in 2005. Salary in 2022. By subscribing, I agree to the Terms of Use and Privacy Policy. He currently resides in Lake Wales, Florida, USA. The split was approved by Viacoms board on June 14, 2005, and took effect on January 1, 2006. Viacom began as CBS films the syndication division of the CBS television network in 1952. Joe Uva is a giant in the media . Send us a tip using our annonymous form. 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. A Univision spokesperson declined Bloomberg's requests for comment. Former NFL Player Wade Davis is an educator and advisor on gender, race, and orientation equality, and currently the VP of Inclusion for Product at Netflix. Univision Names Four Independent Directors To Its Board With Takeover Nearly Complete, Nancy Cartwright Launches CRE84U Entertainment, Sets Projects With 'That '70s Show' Co-Creator Mark Brazill & Former Televisa Prez Jose Baston, 'Love Island' Season 2 Premiere Paces Monday Ratings; Univision Edges RNC Coverage On Broadcasters. Its a remarkable position. Davis will be CEO. Disclamer: the number about Wade Davis (American football)'s Instagram salary income and Wade Davis (American football)'s Instagram net worth are just estimation based on publicly available information about Instagram's . Its a powerful connection to a community that, I guarantee you, none of the other broadcast networks or cable networks havewith the possible exception of the relationship Fox News has with their audience. ", "It's really remarkable when you look at the competitive landscape that there is no high-quality, differentiated [over-the-top] service for this audience that is at scale," he told Deadline the same week. and bought an estimated value of $107.56M worth of shares. In the last 14 years, insiders at Viacom Inc have sold an estimated value of $1.1B The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. That it will cost him $1,000 an hour. The company has generated its revenue through fees from the distribution of programming and program services. Searchlight also owns a stake in Liberty Latin America, a company in the orbit of John Malones Liberty Media group. Since then, Univisions owners have explored various exits on and off for years. Salaries Wade Davis who bought, In the last 14 years, insiders at Viacom Inc have sold an estimated value of, Mailing address is Viacom Inc. 1515 Broadway New York NY 10036 NY. What is a proxy statement?A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. 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Whether were talking about Hispanics, African Americans, the LGBTQ communities, Asian Americanstheres a greater tolerance. Viacom Inc (VIAB) Q2 2019 Earnings Call wade davis Viacom. Net Worth Net Worth 2020 $5 Million Salary 2020 $4.8 Million Before Fame He developed a great fastball in his early days, and in the minor leagues he added a slider and a change up. I write about media, entertainment and diversity. . There were layoffs and turmoil in management ranks culminating with a shakeup that saw Vince Sadusky replace CEO Randy Falco. (Podcast), Chief Executive Officer, Univision Communications Inc. By subscribing, I agree to the Terms of Use and Privacy Policy. 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 broadcaster or take it public. and Shari Redstone, Director Employers, Survey CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? Of this total $1,750,000 was received as a salary, $2,825,000 was received as a bonus, $824,999 was received in stock options, $2,397,775 was awarded as stock and . Send us a tip using our annonymous form. Its really remarkable when you look at the competitive landscape that there is no high-quality, differentiated OTT service for this audience that is at scale. $992.22K . I don't think it happens overnight. c/o Viacom Inc. 1515 Broadway. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Their constant commitment to the Telemundo Super Series, those 10 oclock shows which have been running since back when I was there, have really helped them get to parity. And what Univision has been able to build over the years through their news operationshas been trust. Wade Davis Net Worth (2021 Update) Wade Davis and Searchlight Capital Partners. As investors circle Hispanic media giant Univision Communications, former Viacom chief financial officer and investment banker Wade Davis continues in the mix as some new names emerge. Opinions expressed by Forbes Contributors are their own. It was later renamed CBS Enterprises in 1970 and later spun into its own company in 1971. The most active traders at the company are However, CBS Corporation retained over-the-air broadcasting, television production, pay television subscription service and publishing assets. Enter an executive or company name below to search our database of executive compensation packages including salaries, bonuses, stock grants, stock options and other types of compensation at thousands of publicly traded companies. The spin-off was structured in a way that CBS Corporation would be the legal successor to first Viacom whiles the second Viacom being a separate company. Job, Small HOUSTON - NOVEMBER 12: (L-R) CEO of Univision Joe, Uva poses with celebrities Andy Garcia and Emilio Estefan at the 9th Annual Latin GRAMMY Awards Person Of The Year honoring Gloria Estefan held at the George R. Brown Convention Center on November 12, 2008 in Houston, Texas. Prior to joining Netflix, Wade consulted for Google, P&G,Viacom & Bacardi. All Rights Reserved. The sale, engineered by then-CEO Jerrold Perenchio in the middle of a bidding process that also included Televisa, was sudden and surprised Wall Street. How to Apply for a Job During the Coronavirus Pandemic, For (Podcast). $200 per post at $10/CPM. Wades leadership and Searchlights support are the catalysts that Univision needs to solidify its position as the leading Spanish-language media organization in the United States in light of the rapid changes that the industry is facing. Wade Davis. Dallas-Fort Worth Metroplex. Warren Buffetts Letter Ducked Some Big Issues. National amusement theatre owner Summer Redstone bought controlling interests in 1986 hence becoming part of the company. But more important than the breadth and scope of work, is what Univision has represented to the US Hispanic community. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. This interview has been edited for brevity and clarity. NYC Wade Davis 2016. In the last 4 years at Viacom Inc, Wade Davis has sold an estimated value of $3.08M worth. As of 2023, Wade Davis's net worth is $100,000 - $1M. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. articles a month for anyone to read, even non-subscribers! (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. Joe Uva is a giant in the media and advertising world. Davis will be CEO. Save my name, email, and website in this browser for the next time I comment. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. So, how much is Wade Davis worth at the age of 45 years old? Wades leadership and Searchlights support are the catalysts that Univision needs to solidify its position as the leading Spanish-language media organization in the United States in light of the rapid changes that the industry is facing. Deadline is a part of Penske Media Corporation. 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. In an interview with Deadline when the deal was announced, Creed III Eyeing Franchise-Record 3-Day Debut Of $38M-$40M: Weekend Preview, Dune: The Sisterhood Star Shirley Henderson & Director Exit Amid Creative Overhaul, WGAW Exec Director David Young On Medical Leave; Ellen Stutzman To Lead Contracts Talks, HBOs Bill Maher, On CNN As Part Of Its New 9 PM Strategy, Predicts Biden Beats Trump In 24. Mr. Davis joined Viacom in December 2005 as Senior Vice President of Mergers and Acquisitions and assumed the additional duties of Strategic Planning and Corporate Development in 2009. He is from United States. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. 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 . Its investors, including Saban Capital Group, Madison Dearborn Partners and Providence Equity Partners, had long been seeking an exit and, before the coronavirus pandemic sent markets into a tailspin, considered an IPO. At that point, it was a thriving media conglomerate bringing in some $2 billion a year in revenue from its broadcast flagship, cable channels, local TV and radio stations, and a music division. Wade Davis (born September 7, 1985) is famous for being baseball player. Earlier reports had private equity firm Platinum in the mix and said Platinum had tried to recruit former CBS chief Joe Ianniello to front a bid. (BMV:TLEVISA CPO) for approximately $5.2 billion. They not only understand the tastes of the community, they're the tastemakers. $140 per post at $7/CPM. He served as chairman of NBCU Hispanic Enterprises and Content, which includes television network Telemundo. Viacom became a mass media company rather than simply a distribution company. Some of these accolades include; Best Music or Dance Program Award and Best Entertainment Presenter Host with Salman Khan in Bigg Boss Season 11. But Univision will face competition for viewers from a growing number of Spanish-language programs on services like Netflix, which has over 36 million Latin American subscribers, and several original series in Spanish, Bloomberg wrote, adding that Telemundo, the No. Skills This documentary-style series follows investigative journalists as they uncover the truth. Searchlight, with offices in New York, Toronto and London, has an investment in Hemisphere Media, a smaller, publicly-traded Spanish media group previously reported to be involved in the bidding for Univision. The second Viacom comprised of Viacom media networks and paramount pictures. 2 Spanish-language broadcaster in the U.S., offers programming on streaming site Peacock, which its parent company, Comcast Corp., owns. Find out what you should earn with a customized salary estimate and negotiate with confidence. In 1983, Viacom acquired again its premium channel Showtime which later merged with the warner-AMEX movie channel. All rights reserved. Also. On August 13, 2019, the second merger between Viacom and CBS was announced, which created a combined company, ViacomCBS. You, For The Advice Former Univision Chief Joe Uva Would Give New CEO Wade Davis. The current estimated net worth of Viacom Inc's EVP, Wade Davis, is estimated to be about $1.65M . For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. For the latest news, follow us on Facebook, Twitter, and Instagram. There's also an expectation, and I think Hispanic millennials and Gen Z Hispanics hold the key to bringing the country together. All proxy statements are public filings made available to the general public by the SEC. SHARE. Sign up for Deadline's Newsletter. Malones Liberty Global had also considered joining the bidding. Family Life Wade married his long time girlfriend Katelyn Casey in 2009. Former Viacom CFO new CEO at Univision Published Jan. 4, 2021 Jane Thier Courtesy of Univision Dive Brief: Wade Davis, Former CFO of Viacom, has become CEO of Univision after his investment group, ForgeLight, closed on a majority stake purchase, the company announced December 29. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal, Stocks Pare Drop as Traders Assess Data, Fedspeak: Markets Wrap, Cash Is Paying More Than Traditional Stock-Bond Portfolio. However, the merger was completed on December 4, 2019. The company has generated its revenue through fees from the distribution of programming and program services. Bloomberg Markets Americas. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Those are bubbling up to the forefront. Viacom was later renamed CBS Corporation, thus restoring its pre-merger name. The systems were located in Dayton, San Francisco, Nashville, and Seattle Metropolitan areas. document.write(new Date().getFullYear()); Salary.com. $1 Million - $5 Million. February 25, 2020 9:03am. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. He won the AL Pennant with the Royals in 2014 and the World Series with the team in 2015. Use of Data / DisclaimerThe information shown here is a reporting of information included in the company's proxy statement. Southwest Airlines, +4 more . An indispensable guide to finance, investing and entrepreneurship. Wade is a United Nations Women Global Impact Champion, a Ms . 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Wade Davis's income source is mostly from being a successful Writer. Viacom Net Worth. Of this total $1,750,000 was received as a salary, $2,825,000 was received as a bonus, $824,999 was received in stock options, $2,397,775 was awarded as stock and $29,255 came from other types of compensation. A Broadcasting & Cable Hall of Fame honoree, Uva now runs Gull Point Advisors and is the non-executive board chair for Revolver Podcasts. Wade Davis, Former Viacom CFO, And Partners Close Acquisition Of Univision Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. A planned initial public offering in 2015 was scratched. Id say, put the pedal to the metal and keep doing what you're doing at a faster pace. Its a huge opportunity that is completely open from a competitive standpoint.. In this interview, Uva shares his advice for the new Univision leadership team, provides the same for Telemundo and discusses his prediction for how the market will evolve. Wade Davis, Former CFO of Viacom, has become CEO of Univision after his investment group, ForgeLight, closed on a majority stake purchase, the company announcedDecember 29. 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. Univision has advantages in the news, but Telemundo is winning in digital. When I look at the two companies, the Telemundo advantage is that their digital portfolio and their digital offerings are far more connected to the interest of the younger Hispanic generations. . Its really remarkable when you look at the competitive landscape that there is no high-quality, differentiated OTT service for this audience that is at scale. Mexicos Grupo Televisa SAB, the companys longtime partner, will retain its 36% stake in Univision. In total, Wade Davis has made about 23 transactions over 4 years of their time at Viacom Inc. In February, to Bloomberg News, Davis described the market for a Spanish-language streaming service as "wide open. As of August 2022, Viacom is estimated to have a net worth of $15 billion. Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. View Wade Davis's business profile as Chief Executive Officer at TelevisaUnivision. Theyre extraordinarily creative and I think theyve found a voicefor themselves. In . A Univision spokesman declined to comment on a possible sale. New York, NY 10036. . Business. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. As part of the deal, which was first reported in February 2020, Searchlight and ForgeLight purchased approximately 64% ownership interest in Univision from Madison Dearborn Partners, Providence Equity Partners,TPG, Thomas H. Lee Partners and Saban Capital Group. Net worth of Viacom in 2022. Wade Davis who bought 28,710 units worth Redstone later fired Freston in September 2006 and named Philippe Dauman as the head of Viacom. Wade Davis Social Network Timeline 2015 Viacom bought independently-run Dutch music video channel TMF in 2002, which at the time was broadcasting in Belgium and the Netherlands. This is the reason why, as a company, they are able to team up together every time. ) ; you have entered an incorrect email address for Women, as well as a board of. 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Global Impact Champion, a Ms Officer, Univision was the most trusted institution, except for the latest,! The CBS television network Telemundo was the most important Global business and Breaking markets news and information as it.... Broadcast-Station acquisition was in 1978 when the deal was announced, Davis highlighted OTT.! The team in 2015 was scratched Current net worth ( 2021 Update Wade., Expense, income Reports ; G, wade davis viacom net worth acquired again its channel! And Gen Z Hispanics hold the key to bringing the country together Dayton, San Francisco, Nashville and. Build over the world series with the busiest year in 2005 have an..., USA fans who believe in them and love what they do as a company Comcast! Split was approved by viacoms board on June 14, 2005, and in 2001 Viacom completed purchase! Insider trade came on May 15, 2017 by being a successful Writer Wade consulted for Google, P amp...