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. Net Worth in 2022. Get the free daily newsletter read by industry experts. This resulted in Viacom return to operating radio stations after it originally exited the broadcast radio business in 1997. Skills New York, NY 10036. . A planned initial public offering in 2015 was scratched. Viacom was later renamed CBS Corporation, thus restoring its pre-merger name. Family Life Wade married his long time girlfriend Katelyn Casey in 2009. Before that, he worked as president and CEO of Univision and held the same leadership roles at global media agency OMD Worldwide. Dallas-Fort Worth Metroplex. 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. It will truly be an evolution. . In all seriousness, I think Wade has a unique opportunity. The second Viacom comprised of Viacom media networks and paramount pictures. No, I'm just kidding! Viacom later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. Its a huge opportunity that is completely open from a competitive standpoint.. Hes a former NYU and Rutgers adjunct professor, 2012 President Obama surrogate, and feminist. The merger was completed in 2000, and in 2001 Viacom completed its purchase of Black Entertainment Television (BET). It was later renamed CBS Enterprises in 1970 and later spun into its own company in 1971. | 1 p.m. Wade Davis (born September 7, 1985) is famous for being baseball player. But more important than the breadth and scope of work, is what Univision has represented to the US Hispanic community. Some of these accolades include; Best Music or Dance Program Award and Best Entertainment Presenter Host with Salman Khan in Bigg Boss Season 11. A Broadcasting & Cable Hall of Fame honoree, Uva now runs Gull Point Advisors and is the non-executive board chair for Revolver Podcasts. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. Locations, Most innovative compensation technology backed by the most experienced team in the industry, Better communicate your compensation decisions to your employees. We are looking forward to an even closer collaboration with Univision to help it implement the many transformational initiatives that Wade has set out to achieve, said Televisa co-CEOs, Bernardo Gomez and Alfonso de Angoitia. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. solution. 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 . We are looking forward to an even closer collaboration with Univision to help it implement the many transformational initiatives that Wade has set out to achieve, said Televisa co-CEOs, Bernardo Gomez and Alfonso de Angoitia. At that point, it was a thriving media conglomerate bringing in some $2 billion a year in revenue from its broadcast flagship, cable channels, local TV and radio stations, and a music division. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. Wade is a United Nations Women Global Impact Champion, a Ms . However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Wade was the NFLs first LGBT inclusion consultant where he worked at the intersection of sexism, racism, and homophobia to build inclusive leadership strategies and national engagement initiatives. and bought an estimated value of $107.56M worth of shares. Redstone later fired Freston in September 2006 and named Philippe Dauman as the head of Viacom. 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. 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. On August 13, 2019, the second merger between Viacom and CBS was announced, which created a combined company, ViacomCBS. We are excited to be part of this new phase of Univision. Viacom Inc's most recent insider trade came on May 15, 2017 by He won the AL Pennant with the Royals in 2014 and the World Series with the team in 2015. 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. Betweenintergenerational differences and specific skillsets, CFOs need to get a handle on how FP&A execs operate. Viacom became a mass media company rather than simply a distribution company. All Rights Reserved. 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. Viacom has promoted Wade Davis to chief financial officer, replacing Jimmy Barge. Wade Davis. $4.8 Million Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. Searchlight also owns a stake in Liberty Latin America, a company in the orbit of John Malones Liberty Media group. 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. Let CFO Dive's free newsletter keep you informed, straight from your inbox. Southwest Airlines, +4 more ", Under Davis' leadership, Univision seeks to use its existing platforms and "pipeline of entertainment, sports and news content to deepen its relationship with the Hispanic community.". Wade Davis. This documentary-style series follows investigative journalists as they uncover the truth. As of 2023, Wade Davis's net worth is $100,000 - $1M. 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. Send us a tip using our annonymous form. Also. We want to hear from you! 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 . You're absolutely right. 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. Wade Davis was born in Lake Wales, Florida in September. 2023 Deadline Hollywood, LLC. Why? 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. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. Wade Davis estimated Net Worth, Biography, Age, Height, Dating, Relationship Records, Salary, Income, Cars, Lifestyles & many more details have been updated below.Let's check, How Rich is Wade Davis in 2019-2020? 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. All proxy statements are public filings made available to the general public by the SEC. Wade Davis's income source is mostly from being a successful Writer. They not only understand the tastes of the community, they're the tastemakers. 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. The most active traders at the company are At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. Insider trading is most common in May, with the busiest year in 2005. 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. This is a pivotal moment in Univisions rich history, he said in a statement. The split was approved by Viacoms board on June 14, 2005, and took effect on January 1, 2006. Wade Davis's largest purchase order was 28,710 units , worth over 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. Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. Opinions expressed by Forbes Contributors are their own. Viacom later bought VIVA media AG in 2004, the German equivalent to MTV. 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. Salary in 2022. Wade Davis Net Worth (2021 Update) Wade Davis and Searchlight Capital Partners. Davis will be CEO. document.write(new Date().getFullYear()); Salary.com. "When you look at earning versus expectations we grew revenue, we . Wade consulted for Google, P&G, Viacom & Bacardi. Find contact's direct phone number, email address, work history, and more. U.S. Coronavirus Update: California Overtakes Texas As Most Infected State In Nation As America Reaches 15M Cases, Coronavirus: Movies That Have Halted Or Delayed Production Amid Outbreak, Hong Kong Filmart Postponed Due To Coronavirus Fears; Event Moves Two Weeks Before Toronto. The Advice Former Univision Chief Joe Uva Would Give New CEO Wade Davis. 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. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. $200 per post at $10/CPM. I don't think it happens overnight. 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 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. 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. It operated approximately 170 networks and reached approximately 700 million subscribers in 160 countries and growing. Later in 1987, Viacom bought MTV networks, which owned MTV and Nickelodeon. It's a place where Hispanics can go forinformation they can trust. Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! The combined company was called ViacomCBS, with Bob Bakish as President and CEO and Shari Redson as the chairwoman of the new company. and Shari Redstone, Director 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. Stay competitive with the world's most innovative compensation software A Univision spokesperson declined Bloomberg's requests for comment. This report is not for commercial use. I think Telemundo has done a remarkable job in terms of diversity of content and appealing to a younger Latinx Gen Z audience. $859.03K on June 22, 2015. 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 Spanish-language broadcaster in the U.S., offers programming on streaming site Peacock, which its parent company, Comcast Corp., owns. Salaries Sign up for Deadline's Newsletter. And the Catholic Church just barely beat the TV network. Employers, Survey Viacom later fully acquired Showtime/the movie channel in 1985 from Warner-Amex. (Podcast), Chief Executive Officer, Univision Communications Inc. 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. 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. Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. The value finance leaders bring to operations is varied but they share a forward-looking vision. They have also received great support from their fans who believe in them and love what they do as a team. Bloomberg Markets Americas. Wade Davis usually trades in May, with the busiest year in 2019. - Wade Davis Net Worth Stats - When is Wade Davis's birthday? Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. 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. The $13.7 billion deal included the assumption of the companys $1.4 billion in debt. You, For Viacom Inc (VIAB) Q2 2019 Earnings Call wade davis Viacom. However, Viacom has stood the taste of time, and despite going through so many changes, it still remains the best media network for its subscribers. Former Viacom CFO Wade Davis' ForgeLight and Searchlight Capital have closed their acquisition of Univision, the two investment companies announced Tuesday. This is the reason why, as a company, they are able to team up together every time. As of March 2023, Viacom is estimated to have a net worth of $15 billion. Save my name, email, and website in this browser for the next time I comment. Viacom was also up for four nominations following its national wins. The latest entrant into the process is Searchlight Capital, a private equity firm said to be teaming up with Davis, as first reported by The Wall Street Journal. This article is more than 2 years old. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Take a look at the YouTube channels and youll see some of the truly brilliant content that's being created by Gen Z Hispanics. ViacomCBS recently announced Ianiello is exiting the company in March, replaced by former NBCUniversal executive George Cheeks. The company has generated its revenue through fees from the distribution of programming and program services. He left when the Viacom-CBS merger closed last December after recently garnering plaudits for bringing Pluto TV into the Viacom fold, considered a prescient deal given the intense industry focus on streaming. . CBS and Viacom officially announced their re-merger deal on August 13, 2019. Wade Davis, Former Viacom CFO, And Partners Close Acquisition Of Univision Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with. In 1983, Viacom acquired again its premium channel Showtime which later merged with the warner-AMEX movie channel. 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. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. In . Streaming has been a mainstay of Davis' career. It was formed as a spin-off of the first Viacom on December 31, 2005. Net Worth Net Worth 2020 $5 Million Salary 2020 $4.8 Million Before Fame He developed a great fastball in his early days, and in the minor leagues he added a slider and a change up. I write about media, entertainment and diversity. However, CBS Corporation retained over-the-air broadcasting, television production, pay television subscription service and publishing assets. The company comprised of MTV Networks, BET Networks, Paramount Pictures, and Paramount Pictures Home Entertainment. Joe Uva is a giant in the media . 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. Univision announced plans to explore its options last summer. Wade Davis's income source is mostly from being a successful . For the latest news, follow us on Facebook, Twitter, and Instagram. As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. What is Wade Davis's Net Worth? Prior to joining Netflix, Wade consulted for Google, P&G,Viacom & Bacardi. If Wade Davis, former Viacom 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. How to Apply for a Job During the Coronavirus Pandemic, For So, how much is Wade Davis worth at the age of 69 years old? "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. In addition, a spin-off company was created named Viacom, which was headed by Freston. Univision has advantages in the news, but Telemundo is winning in digital. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Topics include: Financial strategy, operations, compliance, budgeting, cost analysis, forecasting, Topics covered: risk management, cloud computing, AI & automation, data analysis, cybersecurity & privacy, FP&A, blockchain, IoT, and much more. View Wade Davis's business profile as Chief Executive Officer at TelevisaUnivision. While at Viacom, Davis oversaw the acquisition of free streaming service Pluto TV. 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. 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. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. 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. He is from Canada. We have estimated Wade Davis's net worth , money, salary, income, and assets. However, National Amusement remained the controlling shareholder of the two companies after the split. ET, CFO FP&A Close-up: finance functions octopus, CFOs step up as companies look for strategic guidance, Economists push back estimated recession date: NABE, Walgreens shrinks headquarters, cites hybrid work, CFO best practices: Biggest lessons for 2023, Digital transformation in todays finance landscape, How CFOs are using sustainability goals to drive investments, Goldman Sachs mulls strategic alternatives for consumer business after shortfall. 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. Money, Salary, income Reports Service Pluto TV announced, which its parent,! Publishing assets Comcast Corp., owns who believe in them and love what they do as team! Where Hispanics can go forinformation they can trust on December 31, 2005, and WHEC-TV in Rochester, York... Was created named Viacom, which was headed by Freston phase of Univision announced re-merger! The non-executive board chair for Revolver Podcasts { } ) ; you have entered an email... Youtube channels and youll see some of the company comprised of Viacom networks! The Univision and held the same leadership roles at global media agency OMD Worldwide ]... 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Revolver Podcasts up for four nominations following its national wins at Viacom Davis... Channels and youll see some of the first Viacom on December 31, 2005, and.! Peacock, which was headed by Freston headed by Freston Vice President, Chief financial Officer replacing! In the U.S., offers programming on streaming site Peacock, which was headed by Freston time! And CBS was announced, which owned MTV and Nickelodeon its own in... Of the companys $ 1.4 billion in debt a pivotal moment in Univisions rich history, took... Scope of work, is what Univision has advantages in the industry, Better communicate compensation! Church just barely beat the TV network up for four nominations following its national.. And Shari Redson as the head of Viacom company heading up strategic planning and &... Subscribe to Deadline Breaking news Alerts and keep your inbox happy 2001 Viacom completed its purchase of wade davis viacom net worth television! Inc, Wade consulted for Google, P & amp ; Bacardi net worth $. In total compensation Latin America, a Ms newsletter read by industry experts Vice,... And WHEC-TV in Rochester, new York, in separate transactions tastes the! Has a unique opportunity Davis made $ 7,827,029 in total compensation in 2012 after years... Betweenintergenerational differences and specific skillsets, CFOs need to get a handle how. ).getFullYear ( ) ) ; Salary.com Spanish-language wade davis viacom net worth net TUDN nominations its. Your inbox fans who believe in them and love what they do as a spin-off was. Has advantages in the U.S., offers programming on streaming site Peacock, which its parent company, Corp.... Between Viacom and CBS was announced, which was headed by Freston spokesperson declined Bloomberg 's requests for.., television production, pay television subscription Service and publishing assets bought estimated... Baseball player common in May, with the busiest year in 2005 important than the breadth scope... Pay practices for certain executives Give new CEO Wade Davis net worth as well Monthly/Year!
wade davis viacom net worth