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. VP, Global Broadcast Operations of TelevisaUnivision, Inc. VP of TelevisaUnivision Mexico Networks Programming, Marketing & Research. Career Earnings: Year Basic Salary Wade Davis Stats, News, Bio | ESPN What wasnt expected: a major house cleaning in Univisions C-Suite. 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. Searchlight Capital Partners and ForgeLight to Acquire Majority Stake in Univision. Former Viacom CFO new CEO at Univision | CFO Dive 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. Davis finished 4th for AL Rookie of the Year in 2010. 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. 2023 Celebrity Net Worth / All Rights Reserved. He is a pitcher who bats and throws right handed. See All CEO & Executives. Wade Davis Shakes Up Univision's C-Suite In A Major Way. 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. Broadcasting+Cable is part of Future US Inc, an international media group and leading digital publisher. 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.. Can you drill down and tell us what you see standing out in Univisions asset base? Univision. 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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 . 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. what happened to dyani on dr jeff rocky mountain vet Univision Names New Top Execs Under Wade Davis | Next TV Wade Davis, Univision chief executive . Streamline RBR, Inc. All rights reserved. Wade Davis - CEO & Director at Univision | The Org Wade Davis - TelevisaUnivision Please refresh the page and try again. New York, They have no renewals for multiple years going forward. 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. wade davis univision salary. 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. When you look at what the current management team has been able to accomplish in the last 18 months, its quite remarkable. It's a done deal. Wade Davis was born in Lake Wales, Florida in September 1985. They lead not only in general, but in the categories I referenced: news, sports, music and entertainment. 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 Salary & Contract | Salary Sport Working At Univision Holdings, Inc.: Employee Reviews and Culture - Zippia Davis said he is honored to be partnering with Televisa and Searchlight to help steward Univision into this next phase. Giant Miami-based Spanish language broadcaster. Our model gets smarter over time as more people share salaries on Glassdoor. Musk Made a Mess at Twitter. 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. In this role, he delivered total company growth across revenue, operating income, and earnings per share. Since closing that deal, Davis has hired more than 500 people and made . He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Executive Chairman of TelevisaUnivision, Inc. & Co-CEO of TelevisaUnivision Mexico. The average Univision hourly pay ranges from approximately $24 per hour for an Intern - Hourly to $114 per hour for a Director. Televisa-Univision Pact Paves Way for Spanish-Language - Variety Its not because were trying to be evasive about it. Wade is the second-cousin of former MLB player Jody Davis. Wade Davis, Former Viacom CFO, And Partners Close - Deadline Related Company Competitors. Davis has served as a media industry leader for over 25 years, including founding ForgeLight in 2019 to build, acquire and operate companies in the Media and Consumer Technology sectors. Wade was drafted #75 by the Tampa Bay Devil Rays in the 2004 Major League Baseball Draft. These cookies may be set through our site by our advertising partners. Also Read: Wade Davis and Searchlight Close Deal for Majority Univision Stake. Univision Sold To Investment Firm Of Former Viacom CFO Wade Davis Univision Finished 2021 With More Growth - TV News Check 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. 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. Read what they think about their salaries on our Compensation FAQ page for Univision. The highest-paying job at Univision is a Vice President with a salary of $325,473 per year. News From Our Partners - Diversity in Science, Technology, Engineering The average Univision salary ranges from approximately $49,404 per year for an Administrative Assistant to $325,473 per year for a Vice President. 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 . Who Is Univision's New CEO? | Hispanic Market Overview By subscribing, I agree to the Terms of Use and Privacy Policy. He played in their minor league system before making his MLB debut for the Rays in 2009 where he played through the 2012 season. Achieving our objectives will require new ways of working together, diversity of perspectives and in some cases new talent and skillsets. Univision, Televisa Close Deal, Forming Spanish-Language Media Giant 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. Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. All Rights Reserved. Wade C Davis is Chief Executive Officer at Univision Communications Inc. See Wade C Davis's compensation, career history, education, & memberships. L to R: Alfonso de Angoitia and Wade Davis. Apache/2.4.54 (Debian) Server at portada-online.com Port 80 -. Searchlight Capital Partners and ForgeLight to Acquire Majority Stake The group includes . If you do not allow these cookies, you will experience less targeted advertising. 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 . 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. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. Televisa elects to maintain its existing ownership stake in support of new ownership group; Televisa's Program License Agreement with Univision remains unchanged. 2023 Deadline Hollywood, LLC. 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. Theyve refocused the business on the core audience. The financial performance of the business has never been stronger in years. The success of this turnaround paved the way for the merge of Viacom and CBS to create ViacomCBS. Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexico's Grupo Televisa . Happy to announce that . Davis Board memberships include Cengage Learning, Executive Chairman of Hammerhead Navigation and the Board of Directors of Daybreak Games. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Davis founded ForgeLight last year. Theres no question that Univision has the scale it needs to have. 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 . Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 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. This documentary-style series follows investigative journalists as they uncover the truth. These cookies are necessary for the website to function and cannot be switched off in our systems. Wade Davis is officially Univision's new CEO. Wade Davis. 0. Deadline is a part of Penske Media Corporation. Univision employees rate the overall compensation and benefits package 3.1/5 stars. 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 . Pierluigi Gazzolo was named president and chief transformation officer at Univision (Image credit: Univision) Wade Davis, Univision's new CEO, named his senior management team, bringing several well-known industry executives to the Spanish-language media company. . ForgeLight and SearchLight, meanwhile, will buy a majority 64% ownership interest from all the other stockholders of the privately-held company. Wade Davis' new investment fund just became part owner of Univision in a deal expected to close late summer with the . Its not something were going to disclose. . 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. He takes over the reins from Vince Sadusky, who led the company since mid-2018, when he replaced Randy Falco.. Salaries posted anonymously by Univision employees. TelevisaUnivision, Inc - Board of Directors Davis was part of a group of private-equity investors who agreed in February 2020 to buy a majority stake in Univision. He also founded AdvancePath Academics, a technology-based provider of dropout recovery and alternative education solutions. Wade Davis Baseball Stats by Baseball Almanac 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. 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 .
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