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 . By subscribing, I agree to the Terms of Use and Privacy Policy. One that will see us accelerate our position as the leading U.S. Hispanic media company as we launch new products and services that will drive value for our U.S. Hispanic audience and for our advertising and distribution partners, who want to reach and engage with this critical audience, said Davis, the former Viacom CFO, whose led the acquisition of Univision by ForgeLight and Searchlight. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. 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. Vince Sadusky has been running Univision as CEO since Randy Falco retired at the end of 2018. Thailand Spent $13 Billion in Three Years to Fight Pandemic, UN Finalizes Global Deal on Marine Biodiversity Jurisdiction, Bank of Canada Risks Falling Too Far Behind Fed, Scotia Says, Feds Daly Says More Rate Hikes Likely Needed to Cool Inflation, Colombia Prices Rise Less than Forecast to a Fresh 24-Year High, Italys CDP, Macquarie Said Set to Make Telecom Italia Grid Offer, Ex-Goldman Banker Ordered to Forfeit $43.7 Million Over 1MDB Bribery Fraud, China Emphasizes Whole Nation Stance on Tech as US Curbs Bite, China Aims to Boost Grain Capacity Under New Food Security Push, The UK Is Using Drones to Prosecute Small-Boat Migrant Smugglers, Estonias Premier Faces Far-Right Test With NATO Unity at Risk, Japan Planning Steps to End South Korea Trade Rift, Yomiuri Says, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, Chinas 5% GDP Target SignalsCrackdowns Are Not Over. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. Mexico's media giant Grupo Televisa and U.S. Spanish-language broadcaster Univision today announced they have . See All CEO & Executives. On December 29, Searchlight III UTDandForgeLights acquisition of a majority stake ofUnivision Holdingsformally closed. Jon has been business editor of Broadcasting+Cable since 2010. 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. Our model gets smarter over time as more people share salaries on Glassdoor. Since closing that deal, Davis has hired more than 500 people and made . To see the rest of the Wade Davis' contract breakdowns, & gain access to all of Spotrac's Premium tools, sign up today. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}3.4. 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. Televisa has a shared history with Univision dating back many years and a deep strategic relationship today. Its not because were trying to be evasive about it. 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. 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. Wade Davis' new investment fund just became part owner of Univision in a deal expected to close late summer with the . Today begins a transformation for Univision. Davis and Searchlight Capital Partners are expected to pay $800 million for a controlling stake in Univision. Univision abre una nueva etapa: cierra su venta, estrena nuevo jefe y planea un servicio de streaming. 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 Salaries posted anonymously by Univision employees. Are you disclosing what your consortium paid for the majority stake in Univision? 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. Univision Communications went private in 2007 when Haim Saban bought the company for $13.7 billion. 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.. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. 2022: TelevisaUnivision Spanish-language streaming platform ViX to launch in March: RE. Theyre the market leader for this audience. 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 From 1996 to 2006 he served as an editor at Radio & Records. They acquired the company for $13.7 billion in 2007, beating out a rival bid from Televisa. So the management team has done a remarkable job of stabilizing the business and positioning it for growth. 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. Davis finished 4th for AL Rookie of the Year in 2010. wade davis univision salary. Thats something that got to be built by the team and something that got to be owned by the team. The success of this turnaround paved the way for the merge of Viacom and CBS to create ViacomCBS. Future US, Inc. Full 7th Floor, 130 West 42nd Street, About. Submit a correction suggestion and help us fix it. How much do Univision employees make? 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. 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. 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. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. Univision will pay $3bn in cash and $1.5bn in Univision stock, with the remainder funded by other sources. Related Company Competitors. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. He is a pitcher who bats and throws right handed. 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. December 1, 2021. 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. VP, Global Broadcast Operations of TelevisaUnivision, Inc. VP of TelevisaUnivision Mexico Networks Programming, Marketing & Research. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. Prior to founding ForgeLight, Davis served as EVP & CFO for Viacom, where he played a key role in driving a turnaround of the business. 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. TelevisaUnivision will be led by CEO Wade Davis, the former Viacom CFO who led a group that bought Univision last year. What is Univision doing well now and what needs improvement? With that, Wade Davis succeeded Vince Sadusky as Univision's CEO. Just about any story is fair game, if a dollar sign can make its way into the article. Wade Davis is the Chief Executive Officer of Univision Communications Inc., the leading Hispanic media company in the United States. Learn from our experts on Hispanic consumers. 2022: Univision Communications Inc. completed the acquisition of Content and Media Assets . Please refresh the page and try again. Also Read: Wade Davis and Searchlight Close Deal for Majority Univision Stake. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. They have no renewals for multiple years going forward. Click on the different category headings to find out more and change our default settings. 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. Salaries. Wade Davis, Univision's new CEO, named his senior management team, bringing several well-known industry executives to the Spanish-language media company. 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. ForgeLight and SearchLight, meanwhile, will buy a majority 64% ownership interest from all the other stockholders of the privately-held company. Salary: $4.8 Million Date of Birth: Sep 7, 1985 (37 years old) Place of Birth . Adam Jacobson . 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. Because we respect your right to privacy, you can choose not to allow some types of cookies. 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. . This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Adam Jacobson. The highest-paying job at Univision is a Vice President with a salary of $325,473 per year. Any plans for Univision to revisit a potential IPO down the road? Pierluigi Gazzolo was named president and chief transformation officer at Univision, I consent the use of my personal data in accordance with Future's. 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. The announcement said Televisa will serve as an important partner to the new ownership and management team going forward. The average Univision salary ranges from approximately $49,404 per year for an Administrative Assistant to $325,473 per year for a Vice President. These cookies may be set through our site by our advertising partners. -. The agreement is one of Univisions most strategic assets, giving it exclusive access to the largest Spanish-language video library in the world. 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. NEW YORK With the transition in power from Vince Sadusky to Wade Davis at Univision Communications in January 2021, a veteran sales . Latest news about Wade Davis : 01/12: Transcript : Jaguar Health, Inc. - Special Call: CI. 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. 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 They lead not only in general, but in the categories I referenced: news, sports, music and entertainment. 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. And to the extent we can talk about the strategy publicly, that something thats going to happen in due time. Show more. Each of these leaders understand the need to optimize Univisions core businesses to meet its audience where they are and evolve its content, platforms and products to reach the market in new ways, Davis said. Does Univision have the scale it needs in todays competitive landscape, or do you envision additional M&A to get additional scale? It's a done deal. 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. The national average salary for a Univision Holdings, Inc. employee in the United States is $65,488 per year. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. The community relies on everyone sharing. Wade Davis. Sign up for THR news straight to your inbox every day. 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. These cookies are necessary for the website to function and cannot be switched off in our systems. 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. 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. religious interview questions and answers sharleen spiteri ashley heath. 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 . Can you drill down and tell us what you see standing out in Univisions asset base? Televisa elects to maintain its existing ownership stake in support of new ownership group; Televisa's Program License Agreement with Univision remains unchanged. Happy to announce that . Its not something were going to disclose. ForgeLight was founded in 2019 by Wade Davis and is an operating and investment company focused on the media and . He played in their minor league system before making his MLB debut for the Rays in 2009 where he played through the 2012 season. Signage at Univision's Los Angeles headquarters is seen in 2016. That year he was traded to the Kansas City Royals. Steve Mandala. Its reflected in the success theyve had in renewing with all of their distributors. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Data Fraud Is Focus To Bolster Chinas Lackluster Carbon Market, China Gives New Backing to Coal Even as Clean Energy Accelerates, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? Our talented operating team has transformed Univision to be strategically, operationally and financially stronger than it has been in years, Sadusky said. Can A Pro-Deal Website Woo FCC On TEGNA Privatization OK? Im so proud of everything we have accomplished that has led us to this great outcome. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. 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. 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. All net worths are calculated using data drawn from public sources. 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. Get our latest storiesin the feed of your favorite networks. 2021-2021 Free Agent By . Broadcasting+Cable is part of Future US Inc, an international media group and leading digital publisher. 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 . It has this content supply agreement from Televisa, a strategic partner, and Televisa is the largest producer of Spanish-language content in the world. Wade is the second-cousin of former MLB player Jody Davis. 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 . 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. An IPO isnt something we plan for; its not something the company particularly needs. The Hollywood Reporter is a part of Penske Media Corporation. Now, major changes are coming to the C-Suite. 2023 Deadline Hollywood, LLC. NY 10036. Searchlight Capital Partners and ForgeLight to Acquire Majority Stake in Univision. All Rights Reserved. Its one of the most profitable media businesses in the industry. And thats back to whats so unique about this business. Davis said he is honored to be partnering with Televisa and Searchlight to help steward Univision into this next phase. Get the latest news from Univision. The financial performance of the business has never been stronger in years. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer. Wade Davis - 2021 Salary & ContractWade Davis salary is $1,250,000 per year, including a $0 signing bonus. 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. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. 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. On Thursday, Univision reported revenue . TelevisaUnivision. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. And in that private transaction, the details of the individual transactions are private. Univision. 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. . When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. All information these cookies collect is aggregated and therefore anonymous. Theyve divested the English-language cable channels as theyve been sunset. with an average yearly salary of $72,781. 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. All Rights Reserved. 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 . We want to hear from you! 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. The information does not usually directly identify you, but it can give you a more personalised web experience. Submit. Wade Davis Dario Acosta/Courtesy of Viacom. 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 . - Veteran media executive Wade Davis to become CEO of Univision upon closing . Read Also: Frontera Wines Joins Sponsors for Univisions Latin Grammys. The oldest company is Fisher Communications, founded in 1910. . Feb. 14, 2020 2:06 PM PT. The Davis-led investor group on Tuesday said it agreed to acquire a 64 percent majority stake in Univision for an undisclosed sum. . Sex/Life Star Adam Demos Explains Scaled Back Role in Season 2, Lionsgate Dealmakers Michael Burns, Brian Goldsmith Extend Contracts, Jefferson White, Adeline Rudolph Join Hellboy Movie The Crooked Man, Jonathan Krisel in Talks to Direct Pokmon: Detective Pikachu Sequel, Investor Group to Acquire Majority Stake in Univision, Wade Davis to Become CEO, Women Dominate Acting Winners at First Gender-Neutral Independent Spirit Awards, Guest Column: Alec Baldwins Rust Prosecutors Should Do Their Talking in Court, Sofia Carson on Preparing to Perform With Diane Warren at the Oscars: I Still Pinch Myself, Miley Cyrus to Perform Songs From New Album on Disney+ Special Miley Cyrus Endless Summer Vacation (Backyard Sessions), Guns N Roses, Arctic Monkeys Join Elton John as Headliners of Glastonbury Festival, Novelist Julianna Baggott Launches Production Banner, Star Hairstylist Jen Atkin Reveals Must-Have Hair Tools, Tutorials and Pro Tips In New MasterClass, Rihannas Puma x Fenty Is Coming Back Heres Where You Can Still Buy Those Cult-Fave Creepers, The Best Bridesmaid Dresses for Every Budget, From Under-$100 Gowns to Hollywood-Inspired Classics, BTS Army: Heres When and Where Legos Dynamite-Inspired Set Arrives Online and In Stores, The Big Lebowski Turns 25: People Didnt Get It, Jeff Bridges Recalls, How the Landscape of Native-Led Stories Has Changed Between Avatars: Were Flexing Our Sovereignty, The Definitive Voice of Entertainment News. . Univision Communications. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. 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. Sign up below. A look at the injuries for Wade Davis, and the financial implications. Deadline is a part of Penske Media Corporation. Wade Davis. Streamline RBR, Inc. All rights reserved. Hemisphere Media Group, Platinum Equity and former Viacom CFO Wade Davis have made overtures to Univision. Theyve renewed one hundred percent of their distributor agreements, which is something that no other company in the industry can say. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. Veteran media executive Wade Davis to become CEO of Univision upon closing. This will enable Televisa to pay down debt. Wade Davis's net worth is $0. Wade Davis may refer to: . 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. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. New York, 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. 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. Wade was drafted #75 by the Tampa Bay Devil Rays in the 2004 Major League Baseball Draft. Giant Miami-based Spanish language broadcaster. 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.