This documentary-style series follows investigative journalists as they uncover the truth. Stay competitive with the world's most innovative compensation software Eva Marcille Wade Davis has been appointed Chief Financial Officer of Viacom Inc. (NASDAQ: VIAB, VIA),announced by Thomas E. Dooley, Viacom s Chief Operating Officer.Mr. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. 2020. Sadusky sold Univisions English-language websites, a portfolio once known as Gawker Media Group that includes sites like Deadspin, but the company still reportedly has about $7.3 billion in debt. The $13.7 billion deal included the assumption of the companys $1.4 billion in debt. Viacom was also up for four nominations following its national wins. Get the free daily newsletter read by industry experts. A Univision spokesperson declined Bloomberg's requests for comment. At that point, it was a thriving media conglomerate bringing in some $2 billion a year in revenue from its broadcast flagship, cable channels, local TV and radio stations, and a music division. NYC Wade Davis 2016. Later in 1987, Viacom bought MTV networks, which owned MTV and Nickelodeon. Theyre extraordinarily creative and I think theyve found a voicefor themselves. In a deal announced in February, Searchlight and ForgeLight acquired 64% of Univision from an investor group including Madison Dearborn Partners, Providence Equity Partners, TPG, Thomas H. Lee Partners and Saban Capital Group. WD. By subscribing, I agree to the Terms of Use and Privacy Policy. Wade Davis. 2 Spanish-language broadcaster in the U.S., offers programming on streaming site Peacock, which its parent company, Comcast Corp., owns. Salary in 2022. Wade Davis Net Worth (2021 Update) Wade Davis and Searchlight Capital Partners. Viacom Inc's most recent insider trade came on May 15, 2017 by Former NFL Player Wade Davis is an educator and advisor on gender, race, and orientation equality, and currently the VP of Inclusion for Product at Netflix. The current estimated net worth of Viacom Inc's EVP, Wade Davis, is estimated to be about $1.65M .Wade Davis owns about 42,424 units of Viacom Inc common stock. Wade Davis Net Worth His net worth has been growing significantly in 2021-2022. Viacom Inc's most recent insider trade came on May 15, 2017 by A planned initial public offering in 2015 was scratched. Locations, Most innovative compensation technology backed by the most experienced team in the industry, Better communicate your compensation decisions to your employees. If one of your old teammates at NBC Telemundo, called you and asked for advice, considering the different situations for Telemundo and Univision, what's the first thing that you would say? On August 13, 2019, the second merger between Viacom and CBS was announced, which created a combined company, ViacomCBS. So, how much is Wade Davis worth at the age of 45 years old? In an interview with Deadline when the deal was announced, UPDATE 1-Hedge fund Bridgewater plans restructuring amid AI push, global expansion, UPDATE 1-Tesla plans 6,000 jobs in Mexico and eyeing more investment, government says, Activision fired staff for using 'strong language' about remote work policy - union, Analysis-Watch out risk assets, the rout in bonds is coming your way, Meta cant keep people interested in its headsets: Report. We are looking forward to an even closer collaboration with Univision to help it implement the many transformational initiatives that Wade has set out to achieve, said Televisa co-CEOs, Bernardo Gomez and Alfonso de Angoitia. But it also took full advantage of the go-go market conditions, which were prompting a range of private equity holders to expand their footprints in many sectors of the economy. (Photo by Rodrigo Varela/WireImage). Whether were talking about Hispanics, African Americans, the LGBTQ communities, Asian Americanstheres a greater tolerance. Wade consulted for Google, P&G, Viacom & Bacardi. HOUSTON - NOVEMBER 12: (L-R) CEO of Univision Joe, Uva poses with celebrities Andy Garcia and Emilio Estefan at the 9th Annual Latin GRAMMY Awards Person Of The Year honoring Gloria Estefan held at the George R. Brown Convention Center on November 12, 2008 in Houston, Texas. All rights reserved. Signup for Breaking News Alerts & Newsletters. Wade Davis was born in Lake Wales, Florida in September. Directory List Lowercase 2.3 Big | PDF | Internet Forum . Viacom has been greatly honored, and their media networks have highly been appreciated all over the world. Find open jobs near you. For the latest news, follow us on Facebook, Twitter, and Instagram. and bought an estimated value of $107.56M worth of shares. Wade Davis Social Network Timeline 2015 "It's a huge opportunity that is completely open from a competitive standpoint.". He served as chairman of NBCU Hispanic Enterprises and Content, which includes television network Telemundo. The two companies Viacom Inc. and CBS corporation succeeded the first Viacom, and they were both owned by National Amusements, which is a theater company controlled by businessman Summer Redstone. 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U.S. Coronavirus Update: California Overtakes Texas As Most Infected State In Nation As America Reaches 15M Cases, Coronavirus: Movies That Have Halted Or Delayed Production Amid Outbreak, Hong Kong Filmart Postponed Due To Coronavirus Fears; Event Moves Two Weeks Before Toronto. He is from United States. They not only understand the tastes of the community, they're the tastemakers. However, the companies were to trade under the ownership of national amusements due to stagnating stock price. In the last 4 years at Viacom Inc, Wade Davis has sold an estimated value of $3.08M worth. In 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain. Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. This is the reason why, as a company, they are able to team up together every time. "When you look at earning versus expectations we grew revenue, we . He was previously a media and tech investment banker. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. Send us a tip using our annonymous form. A Broadcasting & Cable Hall of Fame honoree, Uva now runs Gull Point Advisors and is the non-executive board chair for Revolver Podcasts. Of this total $1,750,000 was received as a salary, $2,825,000 was received as a bonus, $824,999 was received in stock options, $2,397,775 was awarded as stock and . Deadline is a part of Penske Media Corporation. 2023 Deadline Hollywood, LLC. (Podcast). Searchlight also owns a stake in Liberty Latin America, a company in the orbit of John Malones Liberty Media group. Let CFO Dive's free newsletter keep you informed, straight from your inbox. He currently resides in Lake Wales, Florida, USA. $992.22K on May 15, 2017. The company later announced plans of looking into splitting into two publicly traded companies. What He Should Have Said. Insider trading is most common in May, with the busiest year in 2005. ", "It's really remarkable when you look at the competitive landscape that there is no high-quality, differentiated [over-the-top] service for this audience that is at scale," he told Deadline the same week. Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexicos Grupo Televisa announced Tuesday theyve completed the acquisition of giant Spanish-language broadcaster Univision. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. 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. As of August 2022, Viacom is estimated to have a net worth of $15 billion. Joe Uva is a giant in the media and advertising world. . He is from Canada. We have estimated Wade Davis's net worth , money, salary, income, and assets. Streaming has been a mainstay of Davis' career. Prior to joining Netflix, Wade consulted for Google, P&G,Viacom & Bacardi. Wade Davis who bought 28,710 units worth Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Univision announced plans to explore its options last summer. It sold itself to a consortium of private equity firms, including Providence Equity Partners, Madison Dearborn Partners, Texas Pacific Group and Thomas H. Lee Partners, along with mogul Haim Saban, who controls properties like the Mighty Morphin Power Rangers. The company owns or operates 61 television stations and 58 radio stations, has a live event series and a robust digital audio footprint along with its Univision.com website and streaming service Univision Now. The deal, first . Of this total $1,750,000 was received as a salary, $2,825,000 was received as a bonus, $824,999 was received in stock options, $2,397,775 was awarded as stock and $29,255 came from other types of compensation. CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? It will truly be an evolution. 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Wade Davis estimated Net Worth, Biography, Age, Height, Dating, Relationship Records, Salary, Income, Cars, Lifestyles & many more details have been updated below.Let's check, How Rich is Wade Davis in 2019-2020? It was later renamed CBS Enterprises in 1970 and later spun into its own company in 1971. Find contact's direct phone number, email address, work history, and more. In total, Wade Davis has made about 23 transactions over 4 years of their time at Viacom Inc. It operated approximately 170 networks and reached approximately 700 million subscribers in 160 countries and growing. Univision Names Four Independent Directors To Its Board With Takeover Nearly Complete, Nancy Cartwright Launches CRE84U Entertainment, Sets Projects With 'That '70s Show' Co-Creator Mark Brazill & Former Televisa Prez Jose Baston, 'Love Island' Season 2 Premiere Paces Monday Ratings; Univision Edges RNC Coverage On Broadcasters. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). What is Wade Davis's Net Worth? Univision has been privately owned since a $12.7 billion deal in 2007, The Hollywood Reporter wrote. . Hispanic millennials and Gen Z Hispanics are much more committed to action. Catalog, Find a Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Wade is a United Nations Women Global Impact Champion, a Ms. Foundation for Women board member and strategic partner to the MeToo Movement and Times Up. In all seriousness, I think Wade has a unique opportunity. $992.22K . Wade is a United Nations Women Global Impact Champion, a Ms . Opinions expressed by Forbes Contributors are their own. $1 Million - $5 Million. Between 2015 and 2018, he served as a board member of streaming device giant Roku. "I thought it was a really strong quarter for us," Davis said. These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. Wade Davis's largest purchase order was 28,710 units , worth over While at Viacom, Davis oversaw the acquisition of free streaming service Pluto TV. Viacom was later renamed CBS Corporation, thus restoring its pre-merger name. The company owns or operates 61 television stations and 58 radio stations, has a live event series and a robust digital audio footprint along with its Univision.com website and streaming service Univision Now. Net Worth Net Worth 2020 $5 Million Salary 2020 $4.8 Million Before Fame He developed a great fastball in his early days, and in the minor leagues he added a slider and a change up. articles a month for anyone to read, even non-subscribers! (BMV:TLEVISA CPO) for approximately $5.2 billion. They're going to be part of what I think is the overall evolution of equality. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. Viacom operated several cable television systems from its formation in 1995. As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. Wade Davis, Former Viacom CFO, And Partners Close Acquisition Of Univision Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with. Betweenintergenerational differences and specific skillsets, CFOs need to get a handle on how FP&A execs operate. $140 per post at $7/CPM. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. "I am honored to be partnering with Searchlight and Televisa to begin this exciting new era for Univision," Davis, who left Viacom following its merger with CBS, said in a statement. But more important than the breadth and scope of work, is what Univision has represented to the US Hispanic community. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. "Televisa's strategic insight and global content leadership, coupled with Searchlight's tremendous experience as a long-term media investor, will help us fully realize Univision's potential as the leading Hispanic content company in the United States. and Shari Redstone, Director $200 per post at $10/CPM. Net Worth in 2022. Mexican mass media company Televisa has retained its approximate 36% stake in Univision's fully diluted equity capital, Univision said. Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. This General Release of all Claims (this "Agreement") is entered into by Wade Davis (the "Executive") and Viacom Inc. . Of this total $1,750,000 was received as a salary, $2,825,000 was received as a bonus, $824,999 was received in stock options . Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. Its own company in 1971 100 per post at a $ 12.7 billion deal 2007... Hispanics, African Americans, the founder of ForgeLight, gets set to become CEO of Univision Communications later year..., straight from your inbox happy he served as a company, they are able to up. 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