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. . Thank you, you'll be receiving newsletter updates from us in your email inbox. Salary Score. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. Can A Pro-Deal Website Woo FCC On TEGNA Privatization OK? Its reflected in the success theyve had in renewing with all of their distributors. Future US, Inc. Full 7th Floor, 130 West 42nd Street, Former Viacom Inc. CFO Wade Davis is finalizing a . All net worths are calculated using data drawn from public sources. TelevisaUnivision will be led by CEO Wade Davis, the former Viacom CFO who led a group that bought Univision last year. 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. These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. All Rights Reserved. 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. New York, February 25, 2020 9:03am. It's a done deal. . 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 . Learn from our experts on Hispanic consumers. He takes over the reins from Vince Sadusky, who led the company since mid-2018, when he replaced Randy Falco.. Theyve done a great job of de-levering the balance sheet. Broadcasting+Cable is part of Future US Inc, an international media group and leading digital publisher. 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. 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. Also Read: Wade Davis and Searchlight Close Deal for Majority Univision Stake. Vince Sadusky has been running Univision as CEO since Randy Falco retired at the end of 2018. That year he was traded to the Kansas City Royals. ForgeLight and SearchLight, meanwhile, will buy a majority 64% ownership interest from all the other stockholders of the privately-held company. - Veteran media executive Wade Davis to become CEO of Univision upon closing . 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. -. To see the rest of the Wade Davis' contract breakdowns, & gain access to all of Spotrac's Premium tools, sign up today. He also founded AdvancePath Academics, a technology-based provider of dropout recovery and alternative education solutions. 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. Salary: $4.8 Million Date of Birth: Sep 7, 1985 (37 years old) Place of Birth . Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. 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. 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 . Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}3.4. 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. with an average yearly salary of $72,781. And its for sure the case that if you look at the competitive landscape, there is no high-quality differentiated OTT offering at scale. Wade Davis. Achieving our objectives will require new ways of working together, diversity of perspectives and in some cases new talent and skillsets. 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. Any plans for Univision to revisit a potential IPO down the road? By admin. 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. Its not something were going to disclose. 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. Liked by Wade Davis. Since closing that deal, Davis has hired more than 500 people and made . And to the extent we can talk about the strategy publicly, that something thats going to happen in due time. 2023 Deadline Hollywood, LLC. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Wade Davis Shakes Up Univision's C-Suite In A Major Way. Thats something that got to be built by the team and something that got to be owned by the team. 2023 The Hollywood Reporter, LLC. 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. Theyve divested the English-language cable channels as theyve been sunset. Theyve renewed one hundred percent of their distributor agreements, which is something that no other company in the industry can say. Happy to announce that . This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. Davis was previously Viacom's chief . 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. 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 When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Salaries posted anonymously by Univision employees. Univision Communications went private in 2007 when Haim Saban bought the company for $13.7 billion. Login Here. December 1, 2021. 9.5. This was actually a purchase and a sale of specific shares that specific shareholders have. 2022: Transcript : Tikehau Capital, H1 2022 Earnings Call, Jul 28, 2022 . Are you disclosing what your consortium paid for the majority stake in Univision? And in that private transaction, the details of the individual transactions are private. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. 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. NY 10036. EVP, Chief Financial Officer of TelevisaUnivision, Inc. President of TelevisaUnivision US Local Media, General Director, Mexico Government Relations, VP of TelevisaUnivision Mexico Growth Officer. 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 The community relies on everyone sharing. The information does not usually directly identify you, but it can give you a more personalised web experience. 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. It has some of the best margins of the traditional media businesses. Davis was part of a group of private-equity investors who agreed in February 2020 to buy a majority stake in Univision. We welcome all corrections and feedback using the button below. He played in their minor league system before making his MLB debut for the Rays in 2009 where he played through the 2012 season. PENELOPE THE PIG WAS THE CUTEST THING I HAD EVER SEEN. Just about any story is fair game, if a dollar sign can make its way into the article. Related Company Competitors. 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. Wade is the second-cousin of former MLB player Jody Davis. Does Univision have the scale it needs in todays competitive landscape, or do you envision additional M&A to get additional scale? 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. About. 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. 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. 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. Submit. May not be copied or duplicated without express written permission. Hemisphere Media Group, Platinum Equity and former Viacom CFO Wade Davis have made overtures to Univision. 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. Career Earnings: Year Basic Salary . This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Veteran media executive Wade Davis to become CEO of Univision upon closing. Subscribe for full access to The Hollywood Reporter. Signup for Breaking News Alerts & Newsletters. This website is not directly or indirectly affiliated, associated, or connected in any way to Major League Baseball, the National Basketball Association, the National Football League or the National Hockey League. See All CEO & Executives. Wade Davis's net worth is $0. 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. 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 . Visit our corporate site (opens in new tab). Televisa has a shared history with Univision dating back many years and a deep strategic relationship today. Get the latest news, stats, videos, highlights and more about relief pitcher Wade Davis on ESPN. Theres no question that Univision has the scale it needs to have. 0. Click on the different category headings to find out more and change our default settings. Theyre the market leader for this audience. December 29, 2020 12:29pm. Its not because were trying to be evasive about it. 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. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. By . Univision abre una nueva etapa: cierra su venta, estrena nuevo jefe y planea un servicio de streaming. In this role, he delivered total company growth across revenue, operating income, and earnings per share. 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. 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. From 1996 to 2006 he served as an editor at Radio & Records. Wade Davis is officially Univision's new CEO. We want to hear from you! Univision. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. These cookies are necessary for the website to function and cannot be switched off in our systems. Davis on Tuesday discussed driving towards the streaming space with Univision, closing distribution deals and content spending. This will enable Televisa to pay down debt. How much do Univision employees make? By. 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Co-CEO of TelevisaUnivision Mexico . 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 . Im so proud of everything we have accomplished that has led us to this great outcome. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago. Executive Chairman of TelevisaUnivision, Inc. & Co-CEO of TelevisaUnivision Mexico. 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. 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. 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.. 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. Feb. 14, 2020 2:06 PM PT. Wade Davis, Univision's new CEO, named his senior management team, bringing several well-known industry executives to the Spanish-language media company. 2021-2021 Free Agent Get our latest storiesin the feed of your favorite networks. February 25, 2020. 2022: TelevisaUnivision Spanish-language streaming platform ViX to launch in March: RE. 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. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. For fiscal 2006, company revenues were $2.026 billion. 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. 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. 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. With that, Wade Davis succeeded Vince Sadusky as Univision's CEO. NAB: 2022 Quadrennial Review A Rerun Of Unfinished 18, Dual Screen Ubiquity: A Tale Of Todays TV Viewer. 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. Use of any marks, trademarks, or logos on this website shall not constitute a sponsorship or endorsement by the trademark holder. Wade was drafted #75 by the Tampa Bay Devil Rays in the 2004 Major League Baseball Draft. 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. The financial performance of the business has never been stronger in years. Davis said he is honored to be partnering with Televisa and Searchlight to help steward Univision into this next phase. 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. The Hollywood Reporter is a part of Penske Media Corporation. CEO of TelevisaUnivision, Inc. Bernardo Gmez Martinez. Univision Holdings, Inc. Salaries. Adam Jacobson . The average Univision hourly pay ranges from approximately $24 per hour for an Intern - Hourly to $114 per hour for a Director. Wade Davis - 2021 Salary & ContractWade Davis salary is $1,250,000 per year, including a $0 signing bonus. He was the July 2010 American League Rookie Pitcher of the Month and was named a starting pitcher on Baseball America's 2010 All-Rookie Team. And theyve done an incredible job of refreshing their entertainment slate, with Televisa and selection productions on their own. 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. Thank you for signing up to Broadcasting & Cable. This documentary-style series follows investigative journalists as they uncover the truth. Continuing a . 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 . Davis finished 4th for AL Rookie of the Year in 2010. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . Mexico's media giant Grupo Televisa and U.S. Spanish-language broadcaster Univision today announced they have . Deportes Digest . . Streamline RBR, Inc. All rights reserved. Through the 2014 season Davis has a record of 45 35 with 564 strikeouts and an ERA of 3.91. Univision will pay $3bn in cash and $1.5bn in Univision stock, with the remainder funded by other sources. 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.. 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. Will His AI Plans Be Any Different? Please refresh the page and try again. Deadline is a part of Penske Media Corporation. What is Univision doing well now and what needs improvement? . Our model gets smarter over time as more people share salaries on Glassdoor. Wade Davis was born in Lake Wales, Florida in September 1985. So from a financial point of view, an IPO isnt something the company needs or its not something were planning for. He was in the Royals starting rotation in 2013 but moved to the bullpen where he played in 2014. Today begins a transformation for Univision. Univision Communications. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. On Thursday, Univision reported revenue . Televisa elects to maintain its existing ownership stake in support of new ownership group; Televisa's Program License Agreement with Univision remains unchanged. 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. Wade Davis' new investment fund just became part owner of Univision in a deal expected to close late summer with the . 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. ForgeLight was founded in 2019 by Wade Davis and is an operating and investment company focused on the media and . 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. How much do Univision employees make? The smarter way to stay on top of broadcasting and cable industry. 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Reports of Davis's pursuit of . * To subscribe, you must consent to Futures privacy policy. Pierluigi Gazzolo was named president and chief transformation officer at Univision, I consent the use of my personal data in accordance with Future's. Wade Davis. 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 . Wade Davis, Univision chief executive . Can you drill down and tell us what you see standing out in Univisions asset base? Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. There was a problem. 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 . The success of this turnaround paved the way for the merge of Viacom and CBS to create ViacomCBS. But, after gracing our screens for all of two episodes, the bubbly vet was nowhere to be seen. As expected, Davis assumed Univisions Chief Executive chair fromVince Sadusky. Wade Davis is the Chief Executive Officer of Univision Communications Inc., the leading Hispanic media company in the United States. All information these cookies collect is aggregated and therefore anonymous. 2023 Celebrity Net Worth / All Rights Reserved.