Davis said he is honored to be partnering with Televisa and Searchlight to help steward Univision into this next phase. In this role, he delivered total company growth across revenue, operating income, and earnings per share. 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. They lead not only in general, but in the categories I referenced: news, sports, music and entertainment. All information these cookies collect is aggregated and therefore anonymous. 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. 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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. It's a done deal. Are there any content distribution deals up for renewal on the immediate horizon? Its important to keep in mind this wasnt the sale of the company in which you would disclose the terms of a transaction for the totality of the company. When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. . And to the extent we can talk about the strategy publicly, that something thats going to happen in due time. 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. We want to hear from you! This documentary-style series follows investigative journalists as they uncover the truth. They help us to know which pages are the most and least popular and see how visitors move around the site. with an average yearly salary of $72,781. Its not something were going to disclose. Are you disclosing what your consortium paid for the majority stake in Univision? 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. TelevisaUnivision will be led by CEO Wade Davis, the former Viacom CFO who led a group that bought Univision last year. 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 . Future US, Inc. Full 7th Floor, 130 West 42nd Street, Im so proud of everything we have accomplished that has led us to this great outcome. What is Univision doing well now and what needs improvement? NAB: 2022 Quadrennial Review A Rerun Of Unfinished 18, Dual Screen Ubiquity: A Tale Of Todays TV Viewer. wade davis univision salary. Sign up below. Biography. 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. Login Here. Read what they think about their salaries on our Compensation FAQ page for Univision. Groupo Televisa and Univision Holdings said they completed the previously announced transaction that creates TelevisaUnivision Inc., the world's biggest Spanish-language media and content company. The liberal Spanish-media giant Univision has been sold.Media executive Wade Davis is heading up a private group to buy a majority stake in the company and will be its new CEO. Wade Davis may refer to: . 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. Wade Davis' new investment fund just became part owner of Univision in a deal expected to close late summer with the . 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 . Read Also: Frontera Wines Joins Sponsors for Univisions Latin Grammys. They acquired the company for $13.7 billion in 2007, beating out a rival bid from Televisa. 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 . Salary: All-Star: World Series: 2009 Tampa Bay Rays: 58--2010 Tampa Bay Rays: 40--2011 Tampa Bay Rays: 40--2012 Tampa Bay Rays: 40--2013 Kansas City . 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. 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. Continuing a . 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 Veteran media executive Wade Davis to become CEO of Univision upon closing. Show more. 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 And theyve done an incredible job of refreshing their entertainment slate, with Televisa and selection productions on their own. Please refresh the page and try again. 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 . So the management team has done a remarkable job of stabilizing the business and positioning it for growth. 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. * To subscribe, you must consent to Futures privacy policy. Univision Holdings, Inc. Salaries. The lowest-paying job at Univision is an Administrative Assistant with a salary of $49,404 per year. Prior to founding ForgeLight, Davis served as EVP & CFO for Viacom, where he played a key role in driving a turnaround of the business. Apache/2.4.54 (Debian) Server at portada-online.com Port 80 When you look at what the current management team has been able to accomplish in the last 18 months, its quite remarkable. 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. 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. Theyve divested the English-language cable channels as theyve been sunset. 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. Media executive Wade Davis is heading up a private group to buy a majority stake in the company and will be its new CEO. 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. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. All Rights Reserved. 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. And its for sure the case that if you look at the competitive landscape, there is no high-quality differentiated OTT offering at scale. 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 finished 4th for AL Rookie of the Year in 2010. The agreement is one of Univisions most strategic assets, giving it exclusive access to the largest Spanish-language video library in the world. 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. 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 We began the evolution of our team with the appointment of world class leaders to our board of directors to bring together skillsets and diversity that Univision has never had at the board level. Broadcasting+Cable is part of Future US Inc, an international media group and leading digital publisher. The Davis-led investor group on Tuesday said it agreed to acquire a 64 percent majority stake in Univision for an undisclosed sum. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. 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. Chief Administrative Officer of TelevisaUnivision, Inc. Theyve refocused the business on the core audience. Submit. Wade Davis was born in Lake Wales, Florida in September 1985. Signup for Breaking News Alerts & Newsletters. December 29, 2020 12:29pm. 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. This was actually a purchase and a sale of specific shares that specific shareholders have. Liked by Wade Davis. Explorer-in-Residence at the National Geographic Society from 2000 to 2013, he is currently Professor of Anthropology and the BC Leadership Chair in Cultures and Ecosystems at Risk at . These cookies may be set through our site by our advertising partners. They have no renewals for multiple years going forward. The Hollywood Reporter is a part of Penske Media Corporation. The average Univision hourly pay ranges from approximately $24 per hour for an Intern - Hourly to $114 per hour for a Director. That creates an incredibly stable base from which to build and innovate on. 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. 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.. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. PENELOPE THE PIG WAS THE CUTEST THING I HAD EVER SEEN. NY 10036. Specialty Preview, Ozy Media Closes In Wake Of Founder Carlos Watson Scandal, TikTok Introduces New Feature To Limit Screen Time For Teens. Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexico's Grupo Televisa . Wade Davis, Univision chief executive . These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. Davis founded ForgeLight last year. 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. Thats something that got to be built by the team and something that got to be owned by the team. The announcement said Televisa will serve as an important partner to the new ownership and management team going forward. NEW YORK With the transition in power from Vince Sadusky to Wade Davis at Univision Communications in January 2021, a veteran sales . Adam Jacobson . Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. 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. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. 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. Wade Davis's net worth is $0. 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. Does Univision have the scale it needs in todays competitive landscape, or do you envision additional M&A to get additional scale? December 1, 2021. Happy to announce that . Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer. Pierluigi Gazzolo was named president and chief transformation officer at Univision, I consent the use of my personal data in accordance with Future's. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . Also, by disabling these cookies you will also disable banner ads served by Google Adsense on this website.. For more information about these items, view our complete privacy policy.Read More. 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. 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? 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. Davis was previously Viacom's chief . Davis earned a dual BA degree, with honors, in Economics & Philosophy from Williams College. 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. 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. 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. Use of any marks, trademarks, or logos on this website shall not constitute a sponsorship or endorsement by the trademark holder. Our talented operating team has transformed Univision to be strategically, operationally and financially stronger than it has been in years, Sadusky said. Signage at Univision's Los Angeles headquarters is seen in 2016. Univision abre una nueva etapa: cierra su venta, estrena nuevo jefe y planea un servicio de streaming. The smarter way to stay on top of broadcasting and cable industry. See All CEO & Executives. 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. Deportes Digest . 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 . How much do Univision employees make? 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 group includes . 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. Today begins a transformation for Univision. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Salaries posted anonymously by Univision employees. Wade Davis. Wade Davis is the Chief Executive Officer of Univision Communications Inc., the leading Hispanic media company in the United States. 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. So from a financial point of view, an IPO isnt something the company needs or its not something were planning for. 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. TelevisaUnivision. . It has some of the best margins of the traditional media businesses. Through the 2014 season Davis has a record of 45 35 with 564 strikeouts and an ERA of 3.91. May not be copied or duplicated without express written permission. Wade is the second-cousin of former MLB player Jody Davis. Learn from our experts on Hispanic consumers. That year he was traded to the Kansas City Royals. We welcome all corrections and feedback using the button below. Theyve done a great job of de-levering the balance sheet. Its one of the most profitable media businesses in the industry. Its reflected in the success theyve had in renewing with all of their distributors. Wade Davis currently plays position Kansas City Royals for Kansas City Royals in Major League Baseball, the senior baseball league in the United States. 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. . .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. What wasnt expected: a major house cleaning in Univisions C-Suite. Deadline is a part of Penske Media Corporation. - Veteran media executive Wade Davis to become CEO of Univision upon closing . Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. EVP, Chief Financial Officer of TelevisaUnivision, Inc. President of TelevisaUnivision US Local Media, General Director, Mexico Government Relations, VP of TelevisaUnivision Mexico Growth Officer. Its not because were trying to be evasive about it. Musk Made a Mess at Twitter. 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. Achieving our objectives will require new ways of working together, diversity of perspectives and in some cases new talent and skillsets. Any plans for Univision to revisit a potential IPO down the road? Bloomberg's Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide in-depth research and data on more than 2,000 companies and 130 industries. Davis on Tuesday discussed driving towards the streaming space with Univision, closing distribution deals and content spending. Adam Jacobson. Davis was part of a group of private-equity investors who agreed in February 2020 to buy a majority stake in Univision. 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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 . 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 . wade davis univision salary. The latest from the Univision Sports team. By . Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Wade Davis. 2021-2021 Free Agent 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. 2023 Celebrity Net Worth / All Rights Reserved. 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. 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. On Thursday, Univision reported revenue . 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. Get the latest news, stats, videos, highlights and more about relief pitcher Wade Davis on ESPN. The highest-paying job at Univision is a Vice President with a salary of $325,473 per year. 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. Vince Sadusky has been running Univision as CEO since Randy Falco retired at the end of 2018. The financial performance of the business has never been stronger in years. Already Subscribed? 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. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. Our model gets smarter over time as more people share salaries on Glassdoor. 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. 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.