Televisa And Univision Close $4.8B Media Merger - Forbes Univision's Acquisition By Former Viacom CFO Imminent: Report Its one of the most profitable media businesses in the industry. 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. Thank you for signing up to Broadcasting & Cable. Searchlight Capital Partners and ForgeLight Complete Acquisition of 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. Read Also: Frontera Wines Joins Sponsors for Univisions Latin Grammys. Wade Davis Univision CEO Interview - The Hollywood Reporter Univision Communications. Achieving our objectives will require new ways of working together, diversity of perspectives and in some cases new talent and skillsets. Future US, Inc. Full 7th Floor, 130 West 42nd Street, 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. Show more. 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. 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. Adam Jacobson . Searchlight Capital Partners and ForgeLight to Acquire Majority Stake Davis has given $8,300 to Democrat politicians since 2007 and is a contributor to former South Bend mayor and Democratic presidential candidate Pete Buttigieg's campaign. It has this content supply agreement from Televisa, a strategic partner, and Televisa is the largest producer of Spanish-language content in the world. 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 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. 2023 Celebrity Net Worth / All Rights Reserved. By Jill Goldsmith. Univision Names New Top Execs Under Wade Davis | Next TV Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. The average Univision salary ranges from approximately $49,404 per year for an Administrative Assistant to $325,473 per year for a Vice President. All Rights Reserved. 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 . 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. 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. Read what they think about their salaries on our Compensation FAQ page for Univision. Wade Davis - Chief Executive Officer - TelevisaUnivision | LinkedIn Wade Davis, Univision chief executive . Click on the different category headings to find out more and change our default settings. Thats something that got to be built by the team and something that got to be owned by the team. Davis earned a dual BA degree, with honors, in Economics & Philosophy from Williams College. Theyve divested the English-language cable channels as theyve been sunset. Latest news about Wade Davis : 01/12: Transcript : Jaguar Health, Inc. - Special Call: CI. Wade C Davis, Univision Communications Inc: Profile and Biography Deadline is a part of Penske Media Corporation. Steve Mandala. Wade Davis Shakes Up Univision's C-Suite In A Major Way Salary: $4.8 Million Date of Birth: Sep 7, 1985 (37 years old) Place of Birth . NAB: 2022 Quadrennial Review A Rerun Of Unfinished 18, Dual Screen Ubiquity: A Tale Of Todays TV Viewer. Wade Davis Net Worth | Celebrity Net Worth 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 - Wikipedia 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. 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. The highest-paying job at Univision is a Vice President with a salary of $325,473 per year. 2023 Deadline Hollywood, LLC. The financial performance of the business has never been stronger in years. Univision TV President Isn't Worried About Netflix's - Yahoo! Televisa has a shared history with Univision dating back many years and a deep strategic relationship today. These cookies may be set through our site by our advertising partners. with an average yearly salary of $72,781. 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 . Visit our corporate site (opens in new tab). 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. . Executive Leadership - TelevisaUnivision, Inc Wade Davis, Former Viacom CFO, And Partners Close Acquisition Of Univision Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. Univision employees rate the overall compensation and benefits package 3.1/5 stars. Univision abre una nueva etapa: cierra su venta, estrena nuevo jefe y planea un servicio de streaming. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. All Rights Reserved. And to the extent we can talk about the strategy publicly, that something thats going to happen in due time. Jon has been business editor of Broadcasting+Cable since 2010. 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 . The agreement is one of Univisions most strategic assets, giving it exclusive access to the largest Spanish-language video library in the world. Wade Davis. The Davis-led investor group on Tuesday said it agreed to acquire a 64 percent majority stake in Univision for an undisclosed sum. By . Wade Davis. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. 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). Will His AI Plans Be Any Different? Feb. 14, 2020 2:06 PM PT. * To subscribe, you must consent to Futures privacy policy. 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. Wade Davis Contract Details, Salaries, & Earnings | Spotrac . They lead not only in general, but in the categories I referenced: news, sports, music and entertainment. A free inside look at Univision salary trends based on 1169 salaries wages for 507 jobs at Univision. When you look at what the current management team has been able to accomplish in the last 18 months, its quite remarkable. Univision will pay $3bn in cash and $1.5bn in Univision stock, with the remainder funded by other sources. 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.. Also Read: Wade Davis and Searchlight Close Deal for Majority Univision Stake. Mexico's media giant Grupo Televisa and U.S. Spanish-language broadcaster Univision today announced they have . Does Univision have the scale it needs in todays competitive landscape, or do you envision additional M&A to get additional scale? Wade Davis - Biography - MarketScreener.com 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. 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. When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Get our latest storiesin the feed of your favorite networks. wade davis univision salary. Financial terms of the of the transaction were not disclosed. 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. Already Subscribed? Thank you, you'll be receiving newsletter updates from us in your email inbox. The average Univision hourly pay ranges from approximately $24 per hour for an Intern - Hourly to $114 per hour for a Director. 2022: TelevisaUnivision Spanish-language streaming platform ViX to launch in March: RE. Wade Davis Dario Acosta/Courtesy of Viacom. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. To see the rest of the Wade Davis' contract breakdowns, & gain access to all of Spotrac's Premium tools, sign up today. 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. The announcement said Televisa will serve as an important partner to the new ownership and management team going forward. Vince Sadusky, Univision CEO, spoke of a re-energized and refocused company and said today marks the start of an exciting new chapter with partners that recognize the excellent position Univision is in.. Submit. 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. 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. Wade Davis (anthropologist) (born 1953), Canadian anthropologist and ethnobotanist Wade Davis (American football) (born 1977), former American football player Wade Davis (baseball) (born 1985), former baseball player Wade-Davis Bill, American legislation, vetoed by President Abraham Lincoln in 1864; Wade Davis (CEO) Univision Co-CEO of TelevisaUnivision Mexico . Today begins a transformation for Univision. Sign up for THR news straight to your inbox every day. 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 is Chief Executive Officer and one of the owners of Univision Communications Inc. As the largest Spanish-language content 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 . Univision. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Theyve renewed one hundred percent of their distributor agreements, which is something that no other company in the industry can say. 2022: Univision Communications Inc. completed the acquisition of Content and Media Assets . Univision Plans New, Ad-Supported Streamer: Report 12/21/2020 - MediaPost NEW YORK With the transition in power from Vince Sadusky to Wade Davis at Univision Communications in January 2021, a veteran sales . Wade Davis, Former Viacom CFO, And Partners Close - Deadline Wade C Davis is Chief Executive Officer at Univision Communications Inc. See Wade C Davis's compensation, career history, education, & memberships. You will receive a verification email shortly. Can you discuss your strategy focus for Univision, and specifically bringing the traditional broadcaster into the streaming-first space? Giant Miami-based Spanish language broadcaster. 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. Wade Davis - CEO & Director at Univision | The Org 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. 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.