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 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 . Musk Made a Mess at Twitter. December 1, 2021. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance. . Prior to founding ForgeLight, Davis served as EVP & CFO for Viacom, where he played a key role in driving a turnaround of the business. 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 . 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. Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexico's Grupo Televisa . Broadcasting+Cable is part of Future US Inc, an international media group and leading digital publisher. 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. Because we respect your right to privacy, you can choose not to allow some types of cookies. The latest from the Univision Sports team. 2021-2021 Free Agent 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. Isgho Votre ducation notre priorit . All information these cookies collect is aggregated and therefore anonymous. 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. Steve Mandala. From 1996 to 2006 he served as an editor at Radio & Records. About. Adam Jacobson. All Rights Reserved |, Vince Sadusky, who led the company since mid-2018, Eli Velzquez tapped to lead Telemundo Deportes, Maclovio Perez joins KAVU as chief meteorologist, Lorena Incln returns to Miami as reporter for NBC6 and Telemundo51, Elizabeth Valds retires from Telemundo network, Linda Guerrero joins Americano Media as anchor. 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. A look at the injuries for Wade Davis, and the financial implications. Achieving our objectives will require new ways of working together, diversity of perspectives and in some cases new talent and skillsets. December 29, 2020 12:29pm. Pierluigi Gazzolo was named president and chief transformation officer at Univision, I consent the use of my personal data in accordance with Future's. Univision employees attributed a compensation and benefits rating of 3.1/5 stars to their company. Get our latest storiesin the feed of your favorite networks. A free inside look at Univision salary trends based on 1169 salaries wages for 507 jobs at Univision. 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. Submit. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. 9.5. Specialty Preview, Ozy Media Closes In Wake Of Founder Carlos Watson Scandal, TikTok Introduces New Feature To Limit Screen Time For Teens. Reports of Davis's pursuit of . They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. For fiscal 2006, company revenues were $2.026 billion. Univision will pay $3bn in cash and $1.5bn in Univision stock, with the remainder funded by other sources. Media executive Wade Davis is heading up a private group to buy a majority stake in the company and will be its new CEO. 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. 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. To see the rest of the Wade Davis' contract breakdowns, & gain access to all of Spotrac's Premium tools, sign up today. 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. The announcement said Televisa will serve as an important partner to the new ownership and management team going forward. Wade Davis may refer to: . These cookies may be set through our site by our advertising partners. The national average salary for a Univision Holdings, Inc. employee in the United States is $65,488 per year. Televisa has a shared history with Univision dating back many years and a deep strategic relationship today. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. Davis earned a dual BA degree, with honors, in Economics & Philosophy from Williams College. 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. 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. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. 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. The highest-paying job at Univision is a Vice President with a salary of $325,473 per year. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. It's a done deal. Wade Davis Dario Acosta/Courtesy of Viacom. Univision Communications. 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. AdvancePath was successfully sold to Graduation Alliance. But, after gracing our screens for all of two episodes, the bubbly vet was nowhere to be seen. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. 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. So from a financial point of view, an IPO isnt something the company needs or its not something were planning for. Wade C Davis is Chief Executive Officer at Univision Communications Inc. See Wade C Davis's compensation, career history, education, & memberships. USPAACC to Shine Spotlight on 'Unsung Heroes' of Supplier Diversity The US Pan Asian American Chamber of Commerce Education Foundation Continue reading News From Our Partners New York, If you do not allow these cookies, you will experience less targeted advertising. Now, major changes are coming to the C-Suite. Adam Jacobson . 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. 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. Liked by Wade Davis. EVP, Chief Financial Officer of TelevisaUnivision, Inc. President of TelevisaUnivision US Local Media, General Director, Mexico Government Relations, VP of TelevisaUnivision Mexico Growth Officer. 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Each of these leaders understand the need to optimize Univisions core businesses to meet its audience where they are and evolve its content, platforms and products to reach the market in new ways, Davis said. Happy to announce that . 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? Wade Davis' new investment fund just became part owner of Univision in a deal expected to close late summer with the . Our model gets smarter over time as more people share salaries on Glassdoor. Deadline is a part of Penske Media Corporation. They acquired the company for $13.7 billion in 2007, beating out a rival bid from Televisa. ForgeLight and SearchLight, meanwhile, will buy a majority 64% ownership interest from all the other stockholders of the privately-held company. 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 . Wade Davis currently plays position Kansas City Royals for Kansas City Royals in Major League Baseball, the senior baseball league in the United States. 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. 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 . Latest news about Wade Davis : 01/12: Transcript : Jaguar Health, Inc. - Special Call: CI. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Show more. By admin. Wade is the second-cousin of former MLB player Jody Davis. The community relies on everyone sharing. Career Earnings: Year Basic Salary Salary: $4.8 Million Date of Birth: Sep 7, 1985 (37 years old) Place of Birth . Apache/2.4.54 (Debian) Server at portada-online.com Port 80 Can you drill down and tell us what you see standing out in Univisions asset base? 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. 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. He was in the Royals starting rotation in 2013 but moved to the bullpen where he played in 2014. Click on the different category headings to find out more and change our default settings. Univision Communications, the nation's largest Spanish-language media company, is nearing a sale to an investment group led by former Viacom executive Wade Davis . Thank you, you'll be receiving newsletter updates from us in your email inbox. Univision Holdings, Inc. competitors are Entravision Communications, Nexstar Media Group, TEGNA, and more. Future US, Inc. Full 7th Floor, 130 West 42nd Street, Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. Wade Davis is the Chief Executive Officer of Univision Communications Inc., the leading Hispanic media company in the United States. 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. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. 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. Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. . 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Univision abre una nueva etapa: cierra su venta, estrena nuevo jefe y planea un servicio de streaming. Are you disclosing what your consortium paid for the majority stake in Univision? You will receive a verification email shortly. It takes less than ten minutes to set up your company page. Can A Pro-Deal Website Woo FCC On TEGNA Privatization OK? That creates an incredibly stable base from which to build and innovate on. 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. NAB: 2022 Quadrennial Review A Rerun Of Unfinished 18, Dual Screen Ubiquity: A Tale Of Todays TV Viewer. Televisa elects to maintain its existing ownership stake in support of new ownership group; Televisa's Program License Agreement with Univision remains unchanged. 2022: Transcript : Tikehau Capital, H1 2022 Earnings Call, Jul 28, 2022 . 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Co-CEO of TelevisaUnivision Mexico . Former Viacom Inc. CFO Wade Davis is finalizing a . Already Subscribed? When you look at what the current management team has been able to accomplish in the last 18 months, its quite remarkable. And in that private transaction, the details of the individual transactions are private. He played in their minor league system before making his MLB debut for the Rays in 2009 where he played through the 2012 season. Signage at Univision's Los Angeles headquarters is seen in 2016. That year he was traded to the Kansas City Royals. 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 . And its for sure the case that if you look at the competitive landscape, there is no high-quality differentiated OTT offering at scale. They have no renewals for multiple years going forward. Feb. 14, 2020 2:06 PM PT. 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. This was actually a purchase and a sale of specific shares that specific shareholders have. His experience includes serving as a C-Suite Fortune 100 operator, board director, investment banker and entrepreneur. The smarter way to stay on top of broadcasting and cable industry. Get the latest news from Univision. Streamline RBR, Inc. All rights reserved. Wade Davis. Univision. 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. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer. Its reflected in the success theyve had in renewing with all of their distributors. This documentary-style series follows investigative journalists as they uncover the truth. By subscribing, I agree to the Terms of Use and Privacy Policy. * To subscribe, you must consent to Futures privacy policy. Wade Davis Shakes Up Univision's C-Suite In A Major Way. And theyve done an incredible job of refreshing their entertainment slate, with Televisa and selection productions on their own. By. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. The Hollywood Reporter is a part of Penske Media Corporation. Use of any marks, trademarks, or logos on this website shall not constitute a sponsorship or endorsement by the trademark holder. 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. Hemisphere Media Group, Platinum Equity and former Viacom CFO Wade Davis have made overtures to Univision. But when I do look at the opportunities that lie in front of the company today, its absolutely the case when you look at the asset base that Univision has whether you start with the brand, the power of the brand and connection with this audience it has this huge audience and the fastest-growing demographic in the U.S. And its culturally relevant, and Univision is the leader with that audience. TelevisaUnivision will be led by CEO Wade Davis, the former Viacom CFO who led a group that bought Univision last year. 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). 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. with an average yearly salary of $72,781. Submit a correction suggestion and help us fix it. The average Univision salary ranges from approximately $49,404 per year for an Administrative Assistant to $325,473 per year for a Vice President. With that, Wade Davis succeeded Vince Sadusky as Univision's CEO. Wade Davis. 2022: Univision Communications Inc. completed the acquisition of Content and Media Assets .

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