Subscribe to CFO Dive for top news, trends & analysis, The free newsletter covering the top industry headlines, Survey Reveals Top 4 Agenda Items for CFOs in 2023, Number Crunch: Nine in 10 Accountants, Auditors Struggle to Find Talent, Global Caseware Surve, B Lab Global Hires from Fair Trade USA and Walmart for Key Executive Roles, By signing up to receive our newsletter, you agree to our, Webinar solution. 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. 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. He served as chairman of NBCU Hispanic Enterprises and Content, which includes television network Telemundo. Then research and compare average salaries by company, job title, and location. Southwest Airlines, +4 more Before that, he worked as president and CEO of Univision and held the same leadership roles at global media agency OMD Worldwide. The most active traders at the company are So, how much is Wade Davis worth at the age of 69 years old? Wade Davis's income source is mostly from being a successful . Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Industries From back in the 20th century through today, the companys first point of contact has been through a local television or radio stationor more recently through a website or an app. As of 2023, Wade Davis's net worth is $100,000 - $1M. I think Telemundo has done a remarkable job in terms of diversity of content and appealing to a younger Latinx Gen Z audience. 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. Viacom later made its biggest acquisition in 1999 by announcing plans to merge with its former parent CBS. Employers, Survey This interview has been edited for brevity and clarity. Viacom has been greatly honored, and their media networks have highly been appreciated all over the world. Wade Davis owns about 42,424 units of Viacom Inc common stock. As investors circle Hispanic media giant Univision Communications, former Viacom chief financial officer and investment banker Wade Davis continues in the mix as some new names emerge. Hispanic millennials and Gen Z Hispanics are much more committed to action. articles a month for anyone to read, even non-subscribers! Wade Davis usually trades in May, with the busiest year in 2019. Its a huge opportunity that is completely open from a competitive standpoint.. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. Mexicos Grupo Televisa SAB, the companys longtime partner, will retain its 36% stake in Univision. 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Univision Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexico's Grupo Televisa announced Tuesday they've completed the. As of August 2022, Viacom is estimated to have a net worth of $15 billion. 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. In this interview, Uva shares his advice for the new Univision leadership team, provides the same for Telemundo and discusses his prediction for how the market will evolve. Searchlight, with offices in New York, Toronto and London, has an investment in Hemisphere Media, a smaller, publicly-traded Spanish media group previously reported to be involved in the bidding for Univision. (Photo by Rodrigo Varela/WireImage). Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. . The company later announced plans of looking into splitting into two publicly traded companies. These services include; cable television operators, direct to home satellite television operators, mobile networks, and subscription-based video on demand. We are excited to be part of this new phase of Univision. 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. Getty Images. 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 . Viacom Inc's most recent insider trade came on May 15, 2017 by Viacom bought independently-run Dutch music video channel TMF in 2002, which at the time was broadcasting in Belgium and the Netherlands. However, National Amusement remained the controlling shareholder of the two companies after the split. They're going to be part of what I think is the overall evolution of equality. A Univision spokesman declined to comment on a possible sale. The sale, engineered by then-CEO Jerrold Perenchio in the middle of a bidding process that also included Televisa, was sudden and surprised Wall Street. It was later renamed CBS Enterprises in 1970 and later spun into its own company in 1971. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. This report is not for commercial use. Salary in 2022. Viacom later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. But Univision will face competition for viewers from a growing number of Spanish-language programs on services like Netflix, which has over 36 million Latin American subscribers, and several original series in Spanish, Bloomberg wrote, adding that Telemundo, the No. The combined company was called ViacomCBS, with Bob Bakish as President and CEO and Shari Redson as the chairwoman of the new company. Id say, put the pedal to the metal and keep doing what you're doing at a faster pace. Wade Davis who bought 28,710 units worth Univision has advantages in the news, but Telemundo is winning in digital. We have estimated Wade Davis's net worth , money, salary, income, and assets. This article is more than 2 years old. 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. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. Wade Davis's income source is mostly from being a successful Writer. Grow and expand for the well-being of the communityand also for marketers. (Podcast). Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. They not only understand the tastes of the community, they're the tastemakers. The company has generated its revenue through fees from the distribution of programming and program services. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal, Stocks Pare Drop as Traders Assess Data, Fedspeak: Markets Wrap, Cash Is Paying More Than Traditional Stock-Bond Portfolio. Wade Davis's largest sale order was 12,755 units , worth over 2020. A former national surrogate for President Obama, Wade has been an Adjunct Professor at both the NYU School of Professional Studies Tisch Institute for Sports Management, Media, and Business and the Rutgers University School of Public Affairs and Administration. Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. 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. $4.8 Million Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. Wade Davis. New York, NY 10036. . This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. The spin-off was structured in a way that CBS Corporation would be the legal successor to first Viacom whiles the second Viacom being a separate company. All proxy statements are public filings made available to the general public by the SEC. Deadline is a part of Penske Media Corporation. Former Viacom CFO Wade Davis' ForgeLight and Searchlight Capital have closed their acquisition of Univision, the two investment companies announced Tuesday. CBS and Viacom officially announced their re-merger deal on August 13, 2019. Viacom Inc's most recent insider trade came on May 15, 2017 by The company has generated its revenue through fees from the distribution of programming and program services. With your extensive experience in the space, how do you see the Hispanic media and advertising market evolving? Catalog, Find a This reversed the Viacom/CBS merger in 1999. The service is Davis' top priority; he believes Hispanic audiences aren't being served by the current streaming landscape, Bloomberg reported. Malones Liberty Global had also considered joining the bidding. Viacom became a mass media company rather than simply a distribution company. Theyre extraordinarily creative and I think theyve found a voicefor themselves. Wade Davis's largest purchase order was 28,710 units , worth over By subscribing, I agree to the Terms of Use and Privacy Policy. Wade is a new board member of the Ms. Foundation for Women, as well as a United Nations Women Global Impact . If Wade Davis, former Viacom Before joining Netflix, Wade consulted for Google, P&G, Viacom & Bacardi. Matt Beake, a spokesman for Liberty Global in London, told Deadline last month, This is a small investment that Liberty Global Ventures is exploring. He specified that any transaction would go through Liberty Global Ventures, the investment arm of Liberty Global. We want to hear from you! For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Two years later, Viacom purchased a sanderling broadcasting chain, giving the company radio stations in; New York City, Washington, D.C, Houston, and San Francisco. 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. Viacom was later renamed CBS Corporation, thus restoring its pre-merger name. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. Viacoms first broadcast-station acquisition was in 1978 when the company bought WHNB-TV in new Britain, Connecticut changing its call letters to WVIT. 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). In . Those are bubbling up to the forefront. This General Release of all Claims (this "Agreement") is entered into by Wade Davis (the "Executive") and Viacom Inc. . Its a powerful connection to a community that, I guarantee you, none of the other broadcast networks or cable networks havewith the possible exception of the relationship Fox News has with their audience. Why? We are excited to be part of this new phase of Univision. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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 broadcaster or take it public. You will be redirected back to your article in, AMC CEO Adam Aron Defends New Sightline Ticket Pricing, Acknowledges Substantial Change To The Status Quo For U.S. Moviegoers, AMC Entertainment Q4 Sales Dip, Losses Widen; CEO Sees 2023 Recovery But Says Shareholders Must Approve Key Cash-Raising Measures, An AI Voice That Sounds Like Ari Emanuel Will Kick Off Endeavor Earnings Call As Company Posts Solid Q4. $992.22K on May 15, 2017. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. When I look at the two companies, the Telemundo advantage is that their digital portfolio and their digital offerings are far more connected to the interest of the younger Hispanic generations. "I thought it was a really strong quarter for us," Davis said. Its a remarkable position. Dallas-Fort Worth Metroplex. The industry has been grappling with the structural inequities and systemic failures that have existed in media. 2023 Deadline Hollywood, LLC. Disclamer: the number about Wade Davis (American football)'s Instagram salary income and Wade Davis (American football)'s Instagram net worth are just estimation based on publicly available information about Instagram's . The Advice Former Univision Chief Joe Uva Would Give New CEO Wade Davis. Wade consulted for Google, P&G, Viacom & Bacardi. Wade Davis was born in Lake Wales, Florida in September. Net worth of Viacom in 2022. Why? Skills Viacom has promoted Wade Davis to chief financial officer, replacing Jimmy Barge. Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. 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. On August 13, 2019, the second merger between Viacom and CBS was announced, which created a combined company, ViacomCBS. Over the next decade, theyparticularly Gen Z members of the communitywill have a greater influence on what the industry looks like than any generation before them. | 1 p.m. They also had one television station, WAST, in Albany, New York. 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. This documentary-style series follows investigative journalists as they uncover the truth. Find out what you should earn with a customized salary estimate and negotiate with confidence. "When you look at earning versus expectations we grew revenue, we . Find open jobs near you. Viacom Net Worth. Davis, who spent 14 years as Viacom finance chief,replaces Vince Sadusky, who has been Univision's CEO since 2018. He was previously a media and tech investment banker. WD. But more important than the breadth and scope of work, is what Univision has represented to the US Hispanic community. Univisions new leadership team plans to use the companys extensive platform and strong pipeline of entertainment, sports and news content to deepen its relationship with the Hispanic community, building upon its established leadership in Spanish-language media, it said. Prior to Viacom, Davis co-founded America's Choice, Inc. where he acquired research and associated IP to build a for-profit K-12 school performance improvement solutions business . Net Worth in 2022. They have also received great support from their fans who believe in them and love what they do as a team. 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. Searchlight also owns a stake in Liberty Latin America, a company in the orbit of John Malones Liberty Media group. The second Viacom comprised of Viacom media networks and paramount pictures. In the last 14 years, insiders at Viacom Inc have sold an estimated value of $1.1B Univisions new leadership team plans to use the companys extensive platform and strong pipeline of entertainment, sports and news content to deepen its relationship with the Hispanic community, building upon its established leadership in Spanish-language media, it said. Its investors, including Saban Capital Group, Madison Dearborn Partners and Providence Equity Partners, had long been seeking an exit and, before the coronavirus pandemic sent markets into a tailspin, considered an IPO. In addition, a spin-off company was created named Viacom, which was headed by Freston. WORTH Published on February 9, 2020 . Viacom was also up for four nominations following its national wins. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. Salaries Subscribe to Deadline Breaking News Alerts and keep your inbox happy. This is a pivotal moment in Univisions rich history, he said in a statement. Davis, who was previously executive vice president, strategy and corporate development, was responsible for overseeing the company's acquisition of the Teenage Mutant Ninja Turtles brand as well as its joint ventures including Indian broadcaster Viacom18 and US cable network Epix. Use of Data / DisclaimerThe information shown here is a reporting of information included in the company's proxy statement. Mr. Davis joined Viacom in December 2005 as Senior Vice President of Mergers and Acquisitions and assumed the additional duties of Strategic Planning and Corporate Development in 2009. Job, Small 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. . Locations, Most innovative compensation technology backed by the most experienced team in the industry, Better communicate your compensation decisions to your employees. A planned initial public offering in 2015 was scratched. The second Viacom was the worlds ninth-largest media company in terms of revenue, and the headquarters were located at One Astor Plaza in Midtown Manhattan, New York City. Bloomberg Markets Americas. Wade Davis who bought, In the last 14 years, insiders at Viacom Inc have sold an estimated value of, Mailing address is Viacom Inc. 1515 Broadway New York NY 10036 NY. I remember research about Univision that said, among U.S. Hispanics, Univision was the most trusted institution, except for the Catholic Church. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. $1 Million - $5 Million. Get our latest storiesin the feed of your favorite networks. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. What He Should Have Said. Wades leadership and Searchlights support are the catalysts that Univision needs to solidify its position as the leading Spanish-language media organization in the United States in light of the rapid changes that the industry is facing. $200 per post at $10/CPM. 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