This was actually a purchase and a sale of specific shares that specific shareholders have. Wade Davis. The community relies on everyone sharing. It has some of the best margins of the traditional media businesses. Pierluigi Gazzolo was named president and chief transformation officer at Univision, I consent the use of my personal data in accordance with Future's. 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. 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.. By subscribing, I agree to the Terms of Use and Privacy Policy. If you do not allow these cookies, you will experience less targeted advertising. Prior to founding ForgeLight, Davis served as EVP & CFO for Viacom, where he played a key role in driving a turnaround of the business. TelevisaUnivision will be led by CEO Wade Davis, the former Viacom CFO who led a group that bought Univision last year. 2021-2021 Free Agent 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. Davis was previously Viacom's chief . 2022: Transcript : Tikehau Capital, H1 2022 Earnings Call, Jul 28, 2022 . 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. We welcome all corrections and feedback using the button below. Through the 2014 season Davis has a record of 45 35 with 564 strikeouts and an ERA of 3.91. He also founded AdvancePath Academics, a technology-based provider of dropout recovery and alternative education solutions. 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). Vince Sadusky has been running Univision as CEO since Randy Falco retired at the end of 2018. Jon has been business editor of Broadcasting+Cable since 2010. Univision Communications. 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. Visit our corporate site (opens in new tab). Wade is the second-cousin of former MLB player Jody Davis. Get the latest news from Univision. Learn from our experts on Hispanic consumers. Our talented operating team has transformed Univision to be strategically, operationally and financially stronger than it has been in years, Sadusky said. Happy to announce that . Achieving our objectives will require new ways of working together, diversity of perspectives and in some cases new talent and skillsets. The Davis-led investor group on Tuesday said it agreed to acquire a 64 percent majority stake in Univision for an undisclosed sum. Signage at Univision's Los Angeles headquarters is seen in 2016. He was in the Royals starting rotation in 2013 but moved to the bullpen where he played in 2014. 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. . Are you disclosing what your consortium paid for the majority stake in Univision? 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. Univision Holdings, Inc. competitors are Entravision Communications, Nexstar Media Group, TEGNA, and more. Im so proud of everything we have accomplished that has led us to this great outcome. Adam Jacobson. 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. A free inside look at Univision salary trends based on 1169 salaries wages for 507 jobs at Univision. TelevisaUnivision. 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. Media executive Wade Davis is heading up a private group to buy a majority stake in the company and will be its new CEO. How much do Univision employees make? Wade Davis currently plays position Kansas City Royals for Kansas City Royals in Major League Baseball, the senior baseball league in the United States. 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. Co-CEO of TelevisaUnivision Mexico . Theyve renewed one hundred percent of their distributor agreements, which is something that no other company in the industry can say. Wade Davis Dario Acosta/Courtesy of Viacom. 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. He played in their minor league system before making his MLB debut for the Rays in 2009 where he played through the 2012 season. 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. By . Biography. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. 2022: Univision Communications Inc. completed the acquisition of Content and Media Assets . 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 . EVP, Chief Financial Officer of TelevisaUnivision, Inc. President of TelevisaUnivision US Local Media, General Director, Mexico Government Relations, VP of TelevisaUnivision Mexico Growth Officer. . Future US, Inc. Full 7th Floor, 130 West 42nd Street, And to the extent we can talk about the strategy publicly, that something thats going to happen in due time. Univision. Davis finished 4th for AL Rookie of the Year in 2010. As expected, Davis assumed Univisions Chief Executive chair fromVince Sadusky. These cookies may be set through our site by our advertising partners. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. Televisa has a shared history with Univision dating back many years and a deep strategic relationship today. 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. So the management team has done a remarkable job of stabilizing the business and positioning it for growth. 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 Theyve divested the English-language cable channels as theyve been sunset. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. They acquired the company for $13.7 billion in 2007, beating out a rival bid from Televisa. By. Davis Board memberships include Cengage Learning, Executive Chairman of Hammerhead Navigation and the Board of Directors of Daybreak Games. 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. Salary: $4.8 Million Date of Birth: Sep 7, 1985 (37 years old) Place of Birth . While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. 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. December 29, 2020 12:29pm. Wade was drafted #75 by the Tampa Bay Devil Rays in the 2004 Major League Baseball Draft. The information does not usually directly identify you, but it can give you a more personalised web experience. Login Here. 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. 0. The oldest company is Fisher Communications, founded in 1910. . 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 . 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. You will receive a verification email shortly. Read what they think about their salaries on our Compensation FAQ page for Univision. When you look at what the current management team has been able to accomplish in the last 18 months, its quite remarkable. Latest news about Wade Davis : 01/12: Transcript : Jaguar Health, Inc. - Special Call: CI. There was a problem. 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. The national average salary for a Univision Holdings, Inc. employee in the United States is $65,488 per year. They lead not only in general, but in the categories I referenced: news, sports, music and entertainment. These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. Because we respect your right to privacy, you can choose not to allow some types of cookies. So from a financial point of view, an IPO isnt something the company needs or its not something were planning for. Webinars . Wade Davis is officially Univision's new CEO. All net worths are calculated using data drawn from public sources. All Rights Reserved. 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 . 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. How much do Univision employees make? His experience includes serving as a C-Suite Fortune 100 operator, board director, investment banker and entrepreneur. . religious interview questions and answers sharleen spiteri ashley heath. Its not something were going to disclose. Chief Administrative Officer of TelevisaUnivision, Inc. Submit. Any plans for Univision to revisit a potential IPO down the road? 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 . Now, major changes are coming to the C-Suite. They help us to know which pages are the most and least popular and see how visitors move around the site. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}3.4. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance. 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. And in that private transaction, the details of the individual transactions are private. Read Also: Frontera Wines Joins Sponsors for Univisions Latin Grammys. L to R: Alfonso de Angoitia and Wade Davis. May not be copied or duplicated without express written permission. Thank you, you'll be receiving newsletter updates from us in your email inbox. 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. 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. 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. To see the rest of the Wade Davis' contract breakdowns, & gain access to all of Spotrac's Premium tools, sign up today. 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. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. Televisa elects to maintain its existing ownership stake in support of new ownership group; Televisa's Program License Agreement with Univision remains unchanged. February 25, 2020. 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. 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. Read what they think about their salaries on our Compensation FAQ page for , Get started with your Free Employer Profile, Sales Coordinator salaries - 40 salaries reported, Account Coordinator salaries - 30 salaries reported, Account Executive salaries - 28 salaries reported, Intern - Hourly salaries - 20 salaries reported, Marketing Manager salaries - 19 salaries reported, Vice President salaries - 17 salaries reported, Financial Analyst salaries - 16 salaries reported, Communications salaries - 12 salaries reported, National Account Coordinator salaries - 12 salaries reported, Executive Assistant salaries - 12 salaries reported, Video Editor salaries - 11 salaries reported, Traffic Coordinator salaries - 11 salaries reported, Marketing Coordinator salaries - 11 salaries reported, Associate Producer salaries - 10 salaries reported, Senior Software Engineer salaries - 9 salaries reported, Research Analyst salaries - 9 salaries reported. Can you drill down and tell us what you see standing out in Univisions asset base? But, after gracing our screens for all of two episodes, the bubbly vet was nowhere to be seen. 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. This will enable Televisa to pay down debt. 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. Univision will pay $3bn in cash and $1.5bn in Univision stock, with the remainder funded by other sources. Already Subscribed? 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. What is Univision doing well now and what needs improvement? 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. 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.. For fiscal 2006, company revenues were $2.026 billion. Deadline is a part of Penske Media Corporation. Wade Davis was born in Lake Wales, Florida in September 1985. New York, The highest-paying job at Univision is a Vice President with a salary of $325,473 per year. Wade Davis, Univision's new CEO, named his senior management team, bringing several well-known industry executives to the Spanish-language media company. Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. In this role, he delivered total company growth across revenue, operating income, and earnings per share. Broadcasting+Cable is part of Future US Inc, an international media group and leading digital publisher. AdvancePath was successfully sold to Graduation Alliance. Its one of the most profitable media businesses in the industry. From 1996 to 2006 he served as an editor at Radio & Records. The average Univision salary ranges from approximately $49,404 per year for, Univision employees attributed a compensation and benefits rating of 3.1/5 stars to their company. The announcement said Televisa will serve as an important partner to the new ownership and management team going forward. By Jill Goldsmith. A look at the injuries for Wade Davis, and the financial implications. 2023 Celebrity Net Worth / All Rights Reserved. On Thursday, Univision reported revenue . Salaries posted anonymously by Univision employees. Davis was part of a group of private-equity investors who agreed in February 2020 to buy a majority stake in Univision. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. Sign up below. 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 continues as CEO of the merged company and discussed Univision's fourth quarter 2021 results with Wall Street analysts on Friday. All information these cookies collect is aggregated and therefore anonymous. Wade Davis Shakes Up Univision's C-Suite In A Major Way. Wade Davis's net worth is $0. . You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. 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. Can A Pro-Deal Website Woo FCC On TEGNA Privatization OK? Browse our online application for MLB, NBA, NFL, NHL, EPL, or MLS player contracts, salaries, transactions, and more. Does Univision have the scale it needs in todays competitive landscape, or do you envision additional M&A to get additional scale? .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Please refresh the page and try again. What wasnt expected: a major house cleaning in Univisions C-Suite. Thank you for signing up to Broadcasting & Cable. The lowest-paying job at Univision is an Administrative Assistant with a salary of $49,404 per year. Univision Holdings, Inc. Salaries. The average Univision hourly pay ranges from approximately $24 per hour for an Intern - Hourly to $114 per hour for a Director. 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. 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. Executive Chairman of TelevisaUnivision, Inc. & Co-CEO of TelevisaUnivision Mexico. VP, Global Broadcast Operations of TelevisaUnivision, Inc. VP of TelevisaUnivision Mexico Networks Programming, Marketing & Research. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. 9.5. Univision employees attributed a compensation and benefits rating of 3.1/5 stars to their company. 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. Theres going to be a number of months until we actually close the transaction and the specifics about what the strategy on a go-forward basis is. 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They do not store directly personal information, but are based on uniquely identifying your browser and internet device. The success of this turnaround paved the way for the merge of Viacom and CBS to create ViacomCBS. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . 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 Use of any marks, trademarks, or logos on this website shall not constitute a sponsorship or endorsement by the trademark holder. 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. 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Sign up for THR news straight to your inbox every day. Theres no question that Univision has the scale it needs to have. Musk Made a Mess at Twitter. -. NEW YORK With the transition in power from Vince Sadusky to Wade Davis at Univision Communications in January 2021, a veteran sales . They have no renewals for multiple years going forward. About. See All CEO & Executives.