The announcement said Televisa will serve as an important partner to the new ownership and management team going forward. The community relies on everyone sharing. TelevisaUnivision will be led by CEO Wade Davis, the former Viacom CFO who led a group that bought Univision last year. 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 . This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. The highest-paying job at Univision is a Vice President with a salary of $325,473 per year. Salary: $4.8 Million Date of Birth: Sep 7, 1985 (37 years old) Place of Birth . Now, major changes are coming to the C-Suite. But, after gracing our screens for all of two episodes, the bubbly vet was nowhere to be seen. Wade is the second-cousin of former MLB player Jody Davis. 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. with an average yearly salary of $72,781. Steve Mandala. wade davis univision salary. 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. By . Theyve done a great job of de-levering the balance sheet. Our model gets smarter over time as more people share salaries on Glassdoor. 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. 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. 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 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. May not be copied or duplicated without express written permission. You will receive a verification email shortly. Prior to founding ForgeLight, Davis served as EVP & CFO for Viacom, where he played a key role in driving a turnaround of the business. Wade Davis Shakes Up Univision's C-Suite In A Major Way. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer. Wade Davis, Univision's new CEO, named his senior management team, bringing several well-known industry executives to the Spanish-language media company. Get our latest storiesin the feed of your favorite networks. That creates an incredibly stable base from which to build and innovate on. 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. Veteran media executive Wade Davis to become CEO of Univision upon closing. Subscribe for full access to The Hollywood Reporter. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. Wade Davis currently plays position Kansas City Royals for Kansas City Royals in Major League Baseball, the senior baseball league in the United States. NY 10036. Media executive Wade Davis is heading up a private group to buy a majority stake in the company and will be its new CEO. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Deadline is a part of Penske Media Corporation. 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. Isgho Votre ducation notre priorit . These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. Just about any story is fair game, if a dollar sign can make its way into the article. Since closing that deal, Davis has hired more than 500 people and made . Future US, Inc. Full 7th Floor, 130 West 42nd Street, It's a done deal. 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. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. wade davis univision salary. 2021-2021 Free Agent Signage at Univision's Los Angeles headquarters is seen in 2016. Login Here. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. Submit. Davis was previously Viacom's chief . Univision Communications. 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 . There was a problem. Employees in the top 10 percent can make over $127,000 per year, while employees at the bottom 10 percent earn less than $33,000 per year. 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. 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. EVP, General Counsel & Corporate Secretary of TelevisaUnivision, Inc. President, Global Platform Strategy & Revenue of TelevisaUnivision, Inc. EVP, Corporate Development, Strategy and Transformation of TelevisaUnivision, Inc. President of TelevisaUnivision US Ad Sales & Marketing. By admin. Its not something were going to disclose. And to the extent we can talk about the strategy publicly, that something thats going to happen in due time. If you do not allow these cookies, you will experience less targeted advertising. 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. Does Univision have the scale it needs in todays competitive landscape, or do you envision additional M&A to get additional scale? Can you discuss your strategy focus for Univision, and specifically bringing the traditional broadcaster into the streaming-first space? As such, Searchlight, a private investment firm founded by CEO Wade Davis, and associated entity, ForgeLight an operating and investment company focused on the media and consumer technology sectors are now the holders of shares in Univision previously held byMadison Dearborn Partners, Providence Equity Partners, TPG, Thomas H. Lee Partners,andSaban Capital Group. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Apache/2.4.54 (Debian) Server at portada-online.com Port 80 As expected, Davis assumed Univisions Chief Executive chair fromVince Sadusky. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. 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. It has some of the best margins of the traditional media businesses. Former Viacom Inc. CFO Wade Davis is finalizing a . Theyre the market leader for this audience. 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 . 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. Wade Davis. Related Company Competitors. Reports of Davis's pursuit of . All Rights Reserved. Thank you, you'll be receiving newsletter updates from us in your email inbox. As previously disclosed, under the terms of the acquisition, investors including Searchlight and ForgeLight purchased an approximately 64 percent ownership interest in Univision from an investor group including Madison Dearborn Partners, Providence Equity Partners, TPG, Thomas H. Lee Partners and Saban Capital Group. Incoming CEO Wade Davis -- a former Roku board member --reportedly feels existing streamer Univision Now hasn't been sufficiently promoted, and wants to offer a service with more robust content. * To subscribe, you must consent to Futures privacy policy. 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. 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. 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.. 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. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. December 29, 2020 12:29pm. Are there any content distribution deals up for renewal on the immediate horizon? On July 20, 2019, Univision rebranded its Univision Deportes Network cable channel as TUDN, as part of a collaboration with its content partner Televisa.. On February 25, 2020, investment firms ForgeLight (launched by founder & CEO & ex-Viacom CFO Wade Davis) and Searchlight Capital agreed to acquire the 64% controlling stake in the company that was held by its investment group ownership . Univision abre una nueva etapa: cierra su venta, estrena nuevo jefe y planea un servicio de streaming. By Jill Goldsmith. 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He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. 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 Learn from our experts on Hispanic consumers. Use of any marks, trademarks, or logos on this website shall not constitute a sponsorship or endorsement by the trademark holder. Biography. Prior to Viacom, Davis co-founded Americas Choice, Inc. where he acquired research and associated IP to build a for-profit K-12 school performance improvement solutions business. It takes less than ten minutes to set up your company page. The Hollywood Reporter is a part of Penske Media Corporation. Its one of the most profitable media businesses in the industry. 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. Theyve divested the English-language cable channels as theyve been sunset. 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. Wade Davis continues as CEO of the merged company and discussed Univision's fourth quarter 2021 results with Wall Street analysts on Friday. 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 . Musk Made a Mess at Twitter. 9.5. Theyve refocused the business on the core audience. Financial terms of the of the transaction were not disclosed. Theyve renewed one hundred percent of their distributor agreements, which is something that no other company in the industry can say. Submit a correction suggestion and help us fix it. This was actually a purchase and a sale of specific shares that specific shareholders have. Also Read: Wade Davis and Searchlight Close Deal for Majority Univision Stake. Today begins a transformation for Univision. Standard General, Tegna Seeking FCC Review of Merger Review Order, UFC 285 PPV - Jon Jones vs. Ciryl Gane: What's On This Weekend in TV Sports (March 4-5), Puss in Boots: The Last Wish to Stream Exclusively on Peacock. Wade Davis. The success of this turnaround paved the way for the merge of Viacom and CBS to create ViacomCBS. 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. 2022: TelevisaUnivision Spanish-language streaming platform ViX to launch in March: RE. Wade Davis may refer to: . 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. Televisa has a shared history with Univision dating back many years and a deep strategic relationship today. - Veteran media executive Wade Davis to become CEO of Univision upon closing . Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}3.4. 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. This will enable Televisa to pay down debt. ForgeLight and SearchLight, meanwhile, will buy a majority 64% ownership interest from all the other stockholders of the privately-held company. Univision. Today we are announcing a new, industry leading executive leadership team that exemplifies the traits of innovation, collaboration, inclusivity and accountability that will be central to our transformation. Davis founded ForgeLight last year. Specialty Preview, Ozy Media Closes In Wake Of Founder Carlos Watson Scandal, TikTok Introduces New Feature To Limit Screen Time For Teens. The group includes . 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. 2022: Univision Communications Inc. completed the acquisition of Content and Media Assets . 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 . These cookies may be set through our site by our advertising partners. And its for sure the case that if you look at the competitive landscape, there is no high-quality differentiated OTT offering at scale. Its not because were trying to be evasive about it. Because we respect your right to privacy, you can choose not to allow some types of cookies. 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. How much do Univision employees make? Televisa elects to maintain its existing ownership stake in support of new ownership group; Televisa's Program License Agreement with Univision remains unchanged. 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. He was in the Royals starting rotation in 2013 but moved to the bullpen where he played in 2014. 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 They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. Can A Pro-Deal Website Woo FCC On TEGNA Privatization OK? The financial performance of the business has never been stronger in years. He also founded AdvancePath Academics, a technology-based provider of dropout recovery and alternative education solutions. Signup for Breaking News Alerts & Newsletters. Univision Holdings, Inc. Salaries. Adam Jacobson . Streamline RBR, Inc. All rights reserved. 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. Webinars . Read Also: Frontera Wines Joins Sponsors for Univisions Latin Grammys. Thats something that got to be built by the team and something that got to be owned by the team. 2022: Transcript : Tikehau Capital, H1 2022 Earnings Call, Jul 28, 2022 . We welcome all corrections and feedback using the button below. How much do Univision employees make? Visit our corporate site (opens in new tab). 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. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. February 25, 2020. Send us a tip using our annonymous form. 0. ForgeLight was founded in 2019 by Wade Davis and is an operating and investment company focused on the media and . While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies.