Prior to founding ForgeLight, Davis served as EVP & CFO for Viacom, where he played a key role in driving a turnaround of the business. What wasnt expected: a major house cleaning in Univisions C-Suite. PENELOPE THE PIG WAS THE CUTEST THING I HAD EVER SEEN. We want to hear from you! Wade Davis. Adam Jacobson. Thank you, you'll be receiving newsletter updates from us in your email inbox. Login Here. Wade Davis continues as CEO of the merged company and discussed Univision's fourth quarter 2021 results with Wall Street analysts on Friday. Related Company Competitors. - Veteran media executive Wade Davis to become CEO of Univision upon closing . If you do not allow these cookies, you will experience less targeted advertising. Subscribe for full access to The Hollywood Reporter. Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. Webinars . 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. 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. Wade Davis was born in Lake Wales, Florida in September 1985. By Jill Goldsmith. AdvancePath was successfully sold to Graduation Alliance. PACIFIC GROVE, Calif., February 18, 2023--On the evening of February 13th, California American Water activated two new pump stations as part of our efforts to reduce reliance on the Carmel River. Salary Score. Veteran media executive Wade Davis to become CEO of Univision upon closing. Thats something that got to be built by the team and something that got to be owned by the team. Please refresh the page and try again. The group includes . When you look at what the current management team has been able to accomplish in the last 18 months, its quite remarkable. Searchlight Capital Partners and ForgeLight to Acquire Majority Stake in Univision. He also founded AdvancePath Academics, a technology-based provider of dropout recovery and alternative education solutions. The lowest-paying job at Univision is an Administrative Assistant with a salary of $49,404 per year. 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. Happy to announce that . His experience includes serving as a C-Suite Fortune 100 operator, board director, investment banker and entrepreneur. You will receive a verification email shortly. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. 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. Career Earnings: Year Basic Salary Just about any story is fair game, if a dollar sign can make its way into the article. CEO of TelevisaUnivision, Inc. Bernardo Gmez Martinez. Will His AI Plans Be Any Different? Salaries posted anonymously by Univision employees. 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. 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 . 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. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Does Univision have the scale it needs in todays competitive landscape, or do you envision additional M&A to get additional scale? Get the latest news from Univision. 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. . A look at the injuries for Wade Davis, and the financial implications. These cookies are necessary for the website to function and cannot be switched off in our systems. And its for sure the case that if you look at the competitive landscape, there is no high-quality differentiated OTT offering at scale. 2023 Deadline Hollywood, LLC. Through the 2014 season Davis has a record of 45 35 with 564 strikeouts and an ERA of 3.91. 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. Any plans for Univision to revisit a potential IPO down the road? All Rights Reserved. Get our latest storiesin the feed of your favorite networks. All Rights Reserved. When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}3.4. 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. 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. 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. 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. 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 Davis on Tuesday discussed driving towards the streaming space with Univision, closing distribution deals and content spending. And thats back to whats so unique about this business. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. Wade Davis, Univision's new CEO, named his senior management team, bringing several well-known industry executives to the Spanish-language media company. . Learn from our experts on Hispanic consumers. Univision Communications. 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 abre una nueva etapa: cierra su venta, estrena nuevo jefe y planea un servicio de streaming. Browse our online application for MLB, NBA, NFL, NHL, EPL, or MLS player contracts, salaries, transactions, and more. 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. This will enable Televisa to pay down debt. In this role, he delivered total company growth across revenue, operating income, and earnings per share. Wade Davis's net worth is $0. He is a pitcher who bats and throws right handed. 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. L to R: Alfonso de Angoitia and Wade Davis. He takes over the reins from Vince Sadusky, who led the company since mid-2018, when he replaced Randy Falco.. 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. 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 . Because we respect your right to privacy, you can choose not to allow some types of cookies. 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. May not be copied or duplicated without express written permission. -. The smarter way to stay on top of broadcasting and cable industry. From 1996 to 2006 he served as an editor at Radio & Records. It has this content supply agreement from Televisa, a strategic partner, and Televisa is the largest producer of Spanish-language content in the world. Get the latest news, stats, videos, highlights and more about relief pitcher Wade Davis on ESPN. Davis founded ForgeLight last year. 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. As expected, Davis assumed Univisions Chief Executive chair fromVince Sadusky. So from a financial point of view, an IPO isnt something the company needs or its not something were planning for. 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Click on the different category headings to find out more and change our default settings. Univision Holdings, Inc. competitors are Entravision Communications, Nexstar Media Group, TEGNA, and more. 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. Univision. 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. These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. with an average yearly salary of $72,781. Wade Davis Dario Acosta/Courtesy of Viacom. 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. 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. Our model gets smarter over time as more people share salaries on Glassdoor. Univision employees attributed a compensation and benefits rating of 3.1/5 stars to their company. 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. 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. wade davis univision salary. 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 . Submit. 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. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. Co-CEO of TelevisaUnivision Mexico . Davis was previously Viacom's chief . The Hollywood Reporter is a part of Penske Media Corporation. . Salary: $4.8 Million Date of Birth: Sep 7, 1985 (37 years old) Place of Birth . Theyve renewed one hundred percent of their distributor agreements, which is something that no other company in the industry can say. That creates an incredibly stable base from which to build and innovate on. religious interview questions and answers sharleen spiteri ashley heath. The latest from the Univision Sports team. How much do Univision employees make? By subscribing, I agree to the Terms of Use and Privacy Policy. Are you disclosing what your consortium paid for the majority stake in Univision? 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. 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. The agreement is one of Univisions most strategic assets, giving it exclusive access to the largest Spanish-language video library in the world. 0. December 1, 2021. 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. A free inside look at Univision salary trends based on 1169 salaries wages for 507 jobs at Univision. One that will see us accelerate our position as the leading U.S. Hispanic media company as we launch new products and services that will drive value for our U.S. Hispanic audience and for our advertising and distribution partners, who want to reach and engage with this critical audience, said Davis, the former Viacom CFO, whose led the acquisition of Univision by ForgeLight and Searchlight. Wade C Davis is Chief Executive Officer at Univision Communications Inc. See Wade C Davis's compensation, career history, education, & memberships. 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 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. All information these cookies collect is aggregated and therefore anonymous. Continuing a . 2022: Univision Communications Inc. completed the acquisition of Content and Media Assets . 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. Davis Board memberships include Cengage Learning, Executive Chairman of Hammerhead Navigation and the Board of Directors of Daybreak Games. 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. There was a problem. Sign up below. And to the extent we can talk about the strategy publicly, that something thats going to happen in due time. TelevisaUnivision will be led by CEO Wade Davis, the former Viacom CFO who led a group that bought Univision last year. So the management team has done a remarkable job of stabilizing the business and positioning it for growth. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Executive Chairman of TelevisaUnivision, Inc. & Co-CEO of TelevisaUnivision Mexico. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . Since closing that deal, Davis has hired more than 500 people and made . It has some of the best margins of the traditional media businesses. Now, major changes are coming to the C-Suite. Theyve done a great job of de-levering the balance sheet. Tambin hoy se oficializ otra de las noticias que te dimos en su momentos, Wade Davis, director general y fundador de ForgeLight, asumi el rol de director general de Univision (CEO), a partir . We 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? Hemisphere Media Group, Platinum Equity and former Viacom CFO Wade Davis have made overtures to Univision.