$4.8 Million Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. Univision has been privately owned since a $12.7 billion deal in 2007, The Hollywood Reporter wrote. Prior to joining Netflix, Wade consulted for Google, P&G,Viacom & Bacardi. Former Viacom CFO new CEO at Univision Published Jan. 4, 2021 Jane Thier Courtesy of Univision 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. He is from Canada. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. Its a huge opportunity that is completely open from a competitive standpoint.. The $13.7 billion deal included the assumption of the companys $1.4 billion in debt. 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 . . But more important than the breadth and scope of work, is what Univision has represented to the US Hispanic community. 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. Opinions expressed by Forbes Contributors are their own. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. 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. Wade Davis. Southwest Airlines, +4 more Its really remarkable when you look at the competitive landscape that there is no high-quality, differentiated OTT service for this audience that is at scale. VIAB There's also an expectation, and I think Hispanic millennials and Gen Z Hispanics hold the key to bringing the country together. Wade Davis, Former CFO of Viacom, has become CEO of Univision after his investment group, ForgeLight, closed on a majority stake purchase, the company announcedDecember 29. 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. Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. They're going to be part of what I think is the overall evolution of equality. This resulted in Viacom return to operating radio stations after it originally exited the broadcast radio business in 1997. 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 an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. "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. Viacom has promoted Wade Davis to chief financial officer, replacing Jimmy Barge. CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? 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. 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 company has generated its revenue through fees from the distribution of programming and program services. 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. Davis will be CEO. It operated approximately 170 networks and reached approximately 700 million subscribers in 160 countries and growing. By subscribing, I agree to the Terms of Use and Privacy Policy. "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. And by the way, I think if you conducted that same research today, Univision would be higher than the Catholic Church. Viacom operated several cable television systems from its formation in 1995. Insider trading is most common in May, with the busiest year in 2005. All Rights Reserved. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. ViacomCBS recently announced Ianiello is exiting the company in March, replaced by former NBCUniversal executive George Cheeks. In the 1970s and 1980s, Viacom was a distributor of CBS television series and also distributed syndicated television programs. What is a proxy statement?A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Salaries Let CFO Dive's free newsletter keep you informed, straight from your inbox. Viacom promotes Wade Davis to CFO. The value finance leaders bring to operations is varied but they share a forward-looking vision. As of August 2022, Viacom is estimated to have a net worth of $15 billion. Davis will be CEO. This interview has been edited for brevity and clarity. An indispensable guide to finance, investing and entrepreneurship. Univision has advantages in the news, but Telemundo is winning in digital. New York, NY 10036. . 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. 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. Why? All proxy statements are public filings made available to the general public by the SEC. Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! This General Release of all Claims (this "Agreement") is entered into by Wade Davis (the "Executive") and Viacom Inc. . While at Viacom, Davis oversaw the acquisition of free streaming service Pluto TV. February 25, 2020 9:03am. Before that, he worked as president and CEO of Univision and held the same leadership roles at global media agency OMD Worldwide. However, the companies were to trade under the ownership of national amusements due to stagnating stock price. Locations, Most innovative compensation technology backed by the most experienced team in the industry, Better communicate your compensation decisions to your employees. You may also find the annual proxy statement by going directly to the company's website. They also had one television station, WAST, in Albany, New York. This is a pivotal moment in Univisions rich history, he said in a statement. Sumner M Redstone, Director, Wade Davis (born September 7, 1985) is famous for being baseball player. In 1983, Viacom acquired again its premium channel Showtime which later merged with the warner-AMEX movie channel. This is the reason why, as a company, they are able to team up together every time. Ratings suffered from shifts in the television landscape and competition from rival Telemundo. Its a huge opportunity that is completely open from a competitive standpoint.. . 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). Since then, Univisions owners have explored various exits on and off for years. 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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. In addition, a spin-off company was created named Viacom, which was headed by Freston. In . Get our latest storiesin the feed of your favorite networks. NYC Wade Davis 2016. Wade Davis Chief Executive Officer at TelevisaUnivision Inc. Miami, Florida, United States 1K followers 500+ connections Join to view profile TelevisaUnivision Williams College Activity Exciting. (Photo by Rodrigo Varela/WireImage). 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. And what Univision has been able to build over the years through their news operationshas been trust. They have also received great support from their fans who believe in them and love what they do as a team. The combined company was called ViacomCBS, with Bob Bakish as President and CEO and Shari Redson as the chairwoman of the new company. document.write(new Date().getFullYear()); Salary.com. Betweenintergenerational differences and specific skillsets, CFOs need to get a handle on how FP&A execs operate. Deadline is a part of Penske Media Corporation. Find contact's direct phone number, email address, work history, and more. Viacom later fully acquired Showtime/the movie channel in 1985 from Warner-Amex. Hispanics hold the key to bringing the country together feed of your favorite networks and growing syndicated programs... $ 5/CPM backed by the most experienced team in the industry, Better your... Expectation, and I think is the reason why, as a company, they able. Same research today, Univision would be higher than the Catholic Church addition, a company. 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