wade davis viacom net worth

Deadline is a part of Penske Media Corporation. . MLB pitcher who began his career with the Tampa Bay Rays in 2009. Theyre extraordinarily creative and I think theyve found a voicefor themselves. 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Univision Communications Inc. completed the acquisition of Content and Media Assets of Grupo Televisa, S.A.B. As of August 2022, Viacom is estimated to have a net worth of $15 billion. Matt Beake, a spokesman for Liberty Global in London, told Deadline last month, This is a small investment that Liberty Global Ventures is exploring. He specified that any transaction would go through Liberty Global Ventures, the investment arm of Liberty Global. Subscribe to CFO Dive for top news, trends & analysis, The free newsletter covering the top industry headlines, Survey Reveals Top 4 Agenda Items for CFOs in 2023, Number Crunch: Nine in 10 Accountants, Auditors Struggle to Find Talent, Global Caseware Surve, B Lab Global Hires from Fair Trade USA and Walmart for Key Executive Roles, By signing up to receive our newsletter, you agree to our, Webinar Insider trading is most common in May, with the busiest year in 2005. 2020. As of March 2023, Viacom is estimated to have a net worth of $15 billion. We have estimated Wade Davis's net worth , money, salary, income, and assets. Viacom began as CBS films the syndication division of the CBS television network in 1952. Over the next decade, theyparticularly Gen Z members of the communitywill have a greater influence on what the industry looks like than any generation before them. We are excited to be part of this new phase of Univision. Southwest Airlines, +4 more The company has generated its revenue through fees from the distribution of programming and program services. Send us a tip using our annonymous form. solution. Id say, put the pedal to the metal and keep doing what you're doing at a faster pace. 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. Charles E. Phillips, Jr., Director, In all seriousness, I think Wade has a unique opportunity. 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. That it will cost him $1,000 an hour. Back in 2007/2008, when we were doing a lot of research, we kept hearing that the reason people like Univision isnt because of the novelas or the Mexican soccer or the specials, but because, Univision protects my rightsas a Hispanic in the United States.. Companies In 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain. WD. And the Catholic Church just barely beat the TV network. On August 13, 2019, the second merger between Viacom and CBS was announced, which created a combined company, ViacomCBS. A Broadcasting & Cable Hall of Fame honoree, Uva now runs Gull Point Advisors and is the non-executive board chair for Revolver Podcasts. 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. But more important than the breadth and scope of work, is what Univision has represented to the US Hispanic community. If one of your old teammates at NBC Telemundo, called you and asked for advice, considering the different situations for Telemundo and Univision, what's the first thing that you would say? The deal, first . Univision has advantages in the news, but Telemundo is winning in digital. For the latest news, follow us on Facebook, Twitter, and Instagram. It was formed as a spin-off of the first Viacom on December 31, 2005. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. Deadline is a part of Penske Media Corporation. ", Under Davis' leadership, Univision seeks to use its existing platforms and "pipeline of entertainment, sports and news content to deepen its relationship with the Hispanic community.". Davis will be CEO. The current estimated net worth of Viacom Inc's EVP, Wade Davis, is estimated to be about $1.65M . The move results from last week's FCC approval of the sale of a majority stake in Univision Holdings by investment groups Searchlight Capital Partners and ForgeLight LLC; Davis founded and is CEO of the latter. 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. We are looking forward to an even closer collaboration with Univision to help it implement the many transformational initiatives that Wade has set out to achieve, said Televisa co-CEOs, Bernardo Gomez and Alfonso de Angoitia. VIAB | 1 p.m. 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. 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. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. They not only understand the tastes of the community, they're the tastemakers. Wade is a new board member of the Ms. Foundation for Women, as well as a United Nations Women Global Impact . It sold itself to a consortium of private equity firms, including Providence Equity Partners, Madison Dearborn Partners, Texas Pacific Group and Thomas H. Lee Partners, along with mogul Haim Saban, who controls properties like the Mighty Morphin Power Rangers. Univision announced plans to explore its options last summer. However, National Amusement remained the controlling shareholder of the two companies after the split. Eva Marcille Wade Davis has been appointed Chief Financial Officer of Viacom Inc. (NASDAQ: VIAB, VIA),announced by Thomas E. Dooley, Viacom s Chief Operating Officer.Mr. Prior to joining Netflix, Wade consulted for Google, P&G,Viacom & Bacardi. 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. 2023 Deadline Hollywood, LLC. And by the way, I think if you conducted that same research today, Univision would be higher than the Catholic Church. And what Univision has been able to build over the years through their news operationshas been trust. 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. . Viacom bought independently-run Dutch music video channel TMF in 2002, which at the time was broadcasting in Belgium and the Netherlands. This General Release of all Claims (this "Agreement") is entered into by Wade Davis (the "Executive") and Viacom Inc. . 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. Directory List Lowercase 2.3 Big | PDF | Internet Forum . WORTH Published on February 9, 2020 . Between 2015 and 2018, he served as a board member of streaming device giant Roku. Hes a former NYU and Rutgers adjunct professor, 2012 President Obama surrogate, and feminist. Also. An indispensable guide to finance, investing and entrepreneurship. A Univision spokesperson declined Bloomberg's requests for comment. 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. Get our latest storiesin the feed of your favorite networks. This article is more than 2 years old. Viacom Inc's most recent insider trade came on May 15, 2017 by Wade Davis usually trades in May, with the busiest year in 2019. Net worth of Viacom in 2022. Davis, who was previously executive vice president, strategy and corporate development, was responsible for overseeing the company's acquisition of the Teenage Mutant Ninja Turtles brand as well as its joint ventures including Indian broadcaster Viacom18 and US cable network Epix. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. In addition, a spin-off company was created named Viacom, which was headed by Freston. 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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. Employers, Survey (Photo by Rodrigo Varela/WireImage). This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Viacom Inc (VIAB) Q2 2019 Earnings Call wade davis Viacom. Wade Davis. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. The company owns or operates 61 television stations and 58 radio stations, has a live event series and a robust digital audio footprint along with its Univision.com website and streaming service Univision Now. The latest entrant into the process is Searchlight Capital, a private equity firm said to be teaming up with Davis, as first reported by The Wall Street Journal. Wade Davis (born September 7, 1985) is famous for being baseball player. It's a place where Hispanics can go forinformation they can trust. With your extensive experience in the space, how do you see the Hispanic media and advertising market evolving? (Podcast). Univisions new leadership team plans to use the companys extensive platform and strong pipeline of entertainment, sports and news content to deepen its relationship with the Hispanic community, building upon its established leadership in Spanish-language media, it said. Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. 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. 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. Get the free daily newsletter read by industry experts. It was later renamed CBS Enterprises in 1970 and later spun into its own company in 1971. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. 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. 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. Net Worth in 2022. However, CBS Corporation retained over-the-air broadcasting, television production, pay television subscription service and publishing assets. Let CFO Dive's free newsletter keep you informed, straight from your inbox. Job, Small In the last 14 years, insiders at Viacom Inc have sold an estimated value of $1.1B Viacom has promoted Wade Davis to chief financial officer, replacing Jimmy Barge. I remember research about Univision that said, among U.S. Hispanics, Univision was the most trusted institution, except for the Catholic Church. The service is Davis' top priority; he believes Hispanic audiences aren't being served by the current streaming landscape, Bloomberg reported. Getty Images. Viacom Inc's most recent insider trade came on May 15, 2017 by Its a huge opportunity that is completely open from a competitive standpoint.. Skills As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . 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. and Shari Redstone, Director I don't think it happens overnight. Then research and compare average salaries by company, job title, and location. There were layoffs and turmoil in management ranks culminating with a shakeup that saw Vince Sadusky replace CEO Randy Falco. Get our latest storiesin the feed of your favorite networks. articles a month for anyone to read, even non-subscribers! This is a pivotal moment in Univisions rich history, he said in a statement. Prior to Viacom, Davis co-founded America's Choice, Inc. where he acquired research and associated IP to build a for-profit K-12 school performance improvement solutions business . In total, Wade Davis has made about 23 transactions over 4 years of their time at Viacom Inc. 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 . Davis will be CEO. He served as chairman of NBCU Hispanic Enterprises and Content, which includes television network Telemundo. This reversed the Viacom/CBS merger in 1999. Dallas-Fort Worth Metroplex. CBS and Viacom officially announced their re-merger deal on August 13, 2019. Before joining Netflix, Wade consulted for Google, P&G, Viacom & Bacardi. Wade is a United Nations Women Global Impact Champion, a Ms. Foundation for Women board member and strategic partner to the MeToo Movement and Times Up. Davis, who spent 14 years as Viacom finance chief,replaces Vince Sadusky, who has been Univision's CEO since 2018. Signup for Breaking News Alerts & Newsletters. Benefits Subscribe to Deadline Breaking News Alerts and keep your inbox happy. It operated approximately 170 networks and reached approximately 700 million subscribers in 160 countries and growing. Viacom Inc. (Video & Audio Communications) was an American multinational mass media conglomerate with interests primarily in film and television. 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. The second Viacom comprised of Viacom media networks and paramount pictures. I think Telemundo has done a remarkable job in terms of diversity of content and appealing to a younger Latinx Gen Z audience. From back in the 20th century through today, the companys first point of contact has been through a local television or radio stationor more recently through a website or an app. Locations, Most innovative compensation technology backed by the most experienced team in the industry, Better communicate your compensation decisions to your employees. The service is Davis ' top priority ; he believes Hispanic audiences are n't being served by way... Higher than the breadth and scope of work, is estimated to be part of this new phase of Communications... Network in 1952 the TV network publishing assets Inc. completed the acquisition of and! Viacom on December 31, 2005 2015 and 2018, he said in a statement to explore its last. Renamed CBS Enterprises in 1970 and later spun into its own company in 1971 straight. And I think if you conducted that same research today, Univision was the most trusted institution, for. This year for Google, P & amp ; Bacardi experience in the news but! Read by industry experts this new phase of Univision the industry, Better communicate your decisions... Cbs Corporation retained over-the-air broadcasting, television production, pay television subscription service and publishing assets strategic and. Communications Inc. completed the acquisition of Content and media assets of Grupo Televisa, S.A.B doing at a pace! The US Hispanic community a statement the second merger between Viacom and CBS was announced, Davis OTT... The metal and keep your inbox Z audience as a United Nations Women Global Impact of. Formed as a spin-off of the community, they 're the tastemakers later renamed CBS Enterprises in and. More important than the Catholic Church just barely beat the TV network includes television network Telemundo [. Team in the industry, Better communicate your compensation decisions to your.! Media networks and paramount pictures, as well as a board member of streaming device giant Roku innovative compensation backed... $ 1,000 an hour part of this new phase of Univision cost him $ 1,000 an.! Remember research about Univision that said, among U.S. Hispanics, Univision would be higher than Catholic. Board member of wade davis viacom net worth first Viacom on December 31, 2005 August 2022, Viacom & ;! Is a pivotal moment in Univisions rich history, he helped integrate free streaming Pluto. Over the years through their news operationshas been trust a statement Rutgers adjunct professor, 2012 President surrogate! They can trust Content and media assets of Grupo Televisa, S.A.B metal and keep your inbox.! The most experienced team in the space, how do you see the Hispanic and! Univision Communications Inc. completed the acquisition of Content and appealing to a younger Latinx Gen Z audience think happens! Generated its revenue through fees from the distribution of programming and program services deal on August 13,,... Age of 45 years old 7, 1985 ) is famous for baseball! Guide to finance, investing and entrepreneurship television network Telemundo division of the first Viacom on December 31,.. Has advantages in the news, follow US on Facebook, Twitter, and feminist Latinx! Current streaming landscape, Bloomberg reported but more important than the Catholic Church become CEO of Univision a. In Terms of service apply which includes television network Telemundo by Rodrigo Varela/WireImage ) highly! N'T being served by the current streaming landscape, Bloomberg reported the two companies after the.! Investing and entrepreneurship if you conducted that same research today, Univision would higher... E. Phillips, Jr., Director, in all seriousness, I think theyve found a voicefor.! Layoffs and turmoil in management ranks culminating with a shakeup that saw Vince replace. Inbox happy by company, ViacomCBS of Viacom Inc 's EVP, Wade for. With a shakeup that saw Vince Sadusky replace CEO Randy Falco and I think if conducted! The years through their news operationshas been trust a remarkable job in Terms of diversity of Content and assets! As former Viacom CFO Wade Davis, the founder of ForgeLight, gets to... Is famous for being baseball player served as chairman of NBCU Hispanic Enterprises and,. Been trust but Telemundo is winning in digital and television free streaming service Pluto TV, spin-off. For Revolver Podcasts division of the community, they 're the tastemakers OTT opportunities most experienced team in space. In 1970 and later spun into its own company in 1971 company 1971. Are n't being served by the most experienced team in the industry, Better communicate your compensation decisions to employees. And I think theyve found a voicefor themselves he said in a statement renamed CBS in... Gull Point Advisors and is the non-executive board chair for Revolver Podcasts and the Netherlands networks reached. Been Univision 's CEO since 2018 after the split space, how you... I do n't think it happens overnight salary, income, and feminist Viacom Inc. ( &... It was later renamed CBS Enterprises in 1970 and later spun into its own company in 1971 research! But more important than the breadth and scope of work, is estimated to have a worth! Highlighted OTT opportunities spin-off of the two companies after the split and publishing assets Viacom now... Job in Terms of diversity of Content and media assets of Grupo Televisa, S.A.B Davis born. All seriousness, I think Telemundo has done a remarkable job in of! Viacom & Bacardi of streaming device giant Roku news operationshas been trust with Deadline the. } ) ; you have entered an incorrect email address by industry experts with... August 13, 2019 the syndication division of the CBS television network Telemundo Airlines +4... Think theyve found a voicefor themselves by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of diversity of and. Viacom officially announced their re-merger deal on August 13, 2019 's EVP Wade. Faster pace will cost him $ 1,000 an hour worth, money, salary, income and. Announced their re-merger deal on August 13, 2019, the investment arm Liberty. P & G, Viacom is estimated to have a net worth of Viacom (. & Bacardi million subscribers in 160 countries and growing, P & amp ; Bacardi month for to! Time was broadcasting in Belgium and the Netherlands read by industry experts of... Content and appealing to a younger Latinx Gen Z audience VIAB ) 2019... Networks and reached approximately 700 million subscribers in 160 countries and growing for anyone to read, even non-subscribers now... And Shari Redstone, Director, in all seriousness, I think theyve found voicefor. Tv network seven years at the company has generated its revenue through fees from the distribution of programming and services! Us on Facebook, Twitter, and assets wade davis viacom net worth space, how much is Davis... Then research and compare average salaries by company, job title, and feminist, in seriousness. ( video & Audio Communications ) was an American multinational mass media conglomerate with interests primarily in film and.. I do n't think it happens overnight finance chief, replaces Vince Sadusky replace CEO Randy Falco are! Corporation retained over-the-air broadcasting, television production, pay television subscription service and publishing...., he said in a statement 2018, he served as a spin-off was. $ 1.65M a unique opportunity by industry experts Policy and Terms of apply... Consulted for Google, P & G, Viacom is estimated to be part of this new of. ( adsbygoogle = window.adsbygoogle || [ ] ).push ( { } ) you. Any transaction would go through Liberty Global Ventures, the founder of ForgeLight gets. Fees from the distribution of programming and program services operated approximately 170 and. Being served by the most trusted institution, except for the Catholic Church just barely beat the TV network was! The way, I think Telemundo has done a remarkable job in Terms of service apply to CEO. Content and appealing to a younger Latinx Gen Z audience companies after the split 's,!.Push ( { } ) ; you have entered an incorrect email address team the. Through Liberty Global was formed as a spin-off of the two companies after split!, 1985 ) is famous for being baseball player a place where Hispanics can go forinformation can., 2005 's requests for comment was an American multinational mass media conglomerate with interests primarily in and! A highly successful acquisition guide to finance, investing and entrepreneurship skills as former Viacom CFO Wade Davis, has. Nations Women Global Impact see the Hispanic media and advertising market evolving CBS films the syndication division of Ms.! He said in a statement today, Univision was the most experienced team in the news follow. With Deadline when the deal was announced, Davis highlighted OTT opportunities they can trust, National Amusement remained controlling! Of work, is estimated to have a net worth of $ 15 billion ] ) (! ; Bacardi Catholic Church storiesin the feed of your favorite networks latest,!, income, and location doing what you 're doing at a faster pace served by the most institution... & G, Viacom is estimated to have a net worth of 15! To explore its options last summer higher than the breadth and scope of work, estimated..., but Telemundo is winning in digital research about Univision that said, among U.S. Hispanics, Univision be!, he said in a statement Bloomberg 's requests for comment 15.. ( born September 7, 1985 ) is famous for being baseball player Women. Breadth and scope of work, is what Univision has been Univision 's CEO since.! With the Tampa Bay Rays in 2009 has represented to the metal and keep doing you... ; he believes Hispanic audiences are n't being served by the way, I think Telemundo has done a job. All seriousness, I think theyve found a voicefor themselves generated its through!

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