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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. 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's net worth is $0. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Are there any content distribution deals up for renewal on the immediate horizon? These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. 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. Career Earnings: Year Basic Salary 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. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. Happy to announce that . Univision. The announcement said Televisa will serve as an important partner to the new ownership and management team going forward. What wasnt expected: a major house cleaning in Univisions C-Suite. 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. Submit. Isgho Votre ducation notre priorit . 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. 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. By subscribing, I agree to the Terms of Use and Privacy Policy. Wade Davis currently plays position Kansas City Royals for Kansas City Royals in Major League Baseball, the senior baseball league in the United States. Davis has served as a media industry leader for over 25 years, including founding ForgeLight in 2019 to build, acquire and operate companies in the Media and Consumer Technology sectors. Univision Communications, the nation's largest Spanish-language media company, is nearing a sale to an investment group led by former Viacom executive Wade Davis . The national average salary for a Univision Holdings, Inc. employee in the United States is $65,488 per year. He played in their minor league system before making his MLB debut for the Rays in 2009 where he played through the 2012 season. 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 L to R: Alfonso de Angoitia and Wade Davis. Login Here. 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. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. 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. 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. Standard General, Tegna Seeking FCC Review of Merger Review Order, UFC 285 PPV - Jon Jones vs. Ciryl Gane: What's On This Weekend in TV Sports (March 4-5), Puss in Boots: The Last Wish to Stream Exclusively on Peacock. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 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 lowest-paying job at Univision is an Administrative Assistant with a salary of $49,404 per year. Wade Davis Dario Acosta/Courtesy of Viacom. His experience includes serving as a C-Suite Fortune 100 operator, board director, investment banker and entrepreneur. Just about any story is fair game, if a dollar sign can make its way into the article. A look at the injuries for Wade Davis, and the financial implications. 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. 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. Use of any marks, trademarks, or logos on this website shall not constitute a sponsorship or endorsement by the trademark holder. Univision will pay $3bn in cash and $1.5bn in Univision stock, with the remainder funded by other sources. 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. Get the latest news from Univision. It takes less than ten minutes to set up your company page. 2022: Transcript : Tikehau Capital, H1 2022 Earnings Call, Jul 28, 2022 . See All CEO & Executives. And its for sure the case that if you look at the competitive landscape, there is no high-quality differentiated OTT offering at scale. Get our latest storiesin the feed of your favorite networks. 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 . Hopefully it comes across how Im excited I am about the business in the short term, and Im going to be single-minded on working with the team to take advantage of these opportunities. The average Univision salary ranges from approximately $49,404 per year for an Administrative Assistant to $325,473 per year for a Vice President. The Davis-led investor group on Tuesday said it agreed to acquire a 64 percent majority stake in Univision for an undisclosed sum. Univision employees rate the overall compensation and benefits package 3.1/5 stars. By admin. Hemisphere Media Group, Platinum Equity and former Viacom CFO Wade Davis have made overtures to Univision. 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. VP, Global Broadcast Operations of TelevisaUnivision, Inc. VP of TelevisaUnivision Mexico Networks Programming, Marketing & Research. 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. Wade Davis is the Chief Executive Officer of Univision Communications Inc., the leading Hispanic media company in the United States. Reports of Davis's pursuit of . Send us a tip using our annonymous form. Executive Chairman of TelevisaUnivision, Inc. & Co-CEO of TelevisaUnivision Mexico. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. Click on the different category headings to find out more and change our default settings. Does Univision have the scale it needs in todays competitive landscape, or do you envision additional M&A to get additional scale? Wade C Davis is Chief Executive Officer at Univision Communications Inc. See Wade C Davis's compensation, career history, education, & memberships. 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. That year he was traded to the Kansas City Royals. 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. 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. Theyre the market leader for this audience. 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 . Biography. Wade Davis is a writer, photographer, and filmmaker whose work has taken him from the Amazon to Tibet, Africa to Australia, Polynesia to the Arctic. AdvancePath was successfully sold to Graduation Alliance. 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. Its reflected in the success theyve had in renewing with all of their distributors. There was a problem. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. Wade is the second-cousin of former MLB player Jody Davis. Theyve done a great job of de-levering the balance sheet. Liked by Wade Davis. Related Company Competitors. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. You will receive a verification email shortly. From 1996 to 2006 he served as an editor at Radio & Records. Are you disclosing what your consortium paid for the majority stake in Univision? By. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. But, after gracing our screens for all of two episodes, the bubbly vet was nowhere to be seen. wade davis univision salary. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. ForgeLight was founded in 2019 by Wade Davis and is an operating and investment company focused on the media and . When you look at what the current management team has been able to accomplish in the last 18 months, its quite remarkable. 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. 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. So from a financial point of view, an IPO isnt something the company needs or its not something were planning for. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. Theyre the number one news platform, the number one sports platform, the number one music platform across TV, radio and live events, and they have a really powerful and differentiated content supply arrangement with Televisa, the largest Spanish-language content producer in the world. For fiscal 2006, company revenues were $2.026 billion. Wade Davis. Wade Davis, Univision's new CEO, named his senior management team, bringing several well-known industry executives to the Spanish-language media company. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Im so proud of everything we have accomplished that has led us to this great outcome. 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. The smarter way to stay on top of broadcasting and cable industry. Davis founded ForgeLight last year. Davis Board memberships include Cengage Learning, Executive Chairman of Hammerhead Navigation and the Board of Directors of Daybreak Games. 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 2022: Univision Communications Inc. completed the acquisition of Content and Media Assets . Through the 2014 season Davis has a record of 45 35 with 564 strikeouts and an ERA of 3.91. Televisa elects to maintain its existing ownership stake in support of new ownership group; Televisa's Program License Agreement with Univision remains unchanged. Wade Davis continues as CEO of the merged company and discussed Univision's fourth quarter 2021 results with Wall Street analysts on Friday. Signage at Univision's Los Angeles headquarters is seen in 2016. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. By Jill Goldsmith. 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. Wade Davis. 2023 Celebrity Net Worth / All Rights Reserved. Steve Mandala. This was actually a purchase and a sale of specific shares that specific shareholders have. 2022: TelevisaUnivision Spanish-language streaming platform ViX to launch in March: RE. Jon has been business editor of Broadcasting+Cable since 2010. It has some of the best margins of the traditional media businesses. 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? Deadline is a part of Penske Media Corporation. 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. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Webinars . 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. Adam Jacobson. 2023 Deadline Hollywood, LLC. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . 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. 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). Partnered with the USA TODAY Sports Media Group|Powered by, Signed a minor league contract with Kansas City (KC), Signed a 3 year $52 million contract with Colorado (COL), including a vesting option for 2021, Chicago (CHC) extended a $17.4 million Qualifying Offer for 2018, Traded to Chicago (CHC) from Kansas City (KC) for, Kansas City (KC) exercised a $10M option for 2017, Kansas City (KC) exercised an $8 million option for 2016, Kansas City (KC) exercised a $7 million option for 2015, Traded to Kansas City (KC) from Tampa Bay (TB) with, Signed a 4 year $12.6 million contract with Tampa Bay (TB), Signed a 1 year $404k contract with Tampa Bay (TB), Signed a 1 year $400k contract with Tampa Bay (TB), Drafted by Tampa Bay (TB): Round 3 (#75 overall), Drafted by Tampa Bay (TB): Round 3 (#75overall). 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. All Rights Reserved. Davis was part of a group of private-equity investors who agreed in February 2020 to buy a majority stake in Univision. December 1, 2021. Read Also: Frontera Wines Joins Sponsors for Univisions Latin Grammys. 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. In this role, he delivered total company growth across revenue, operating income, and earnings per share. Mexico's media giant Grupo Televisa and U.S. Spanish-language broadcaster Univision today announced they have . Submit a correction suggestion and help us fix it. As expected, Davis assumed Univisions Chief Executive chair fromVince Sadusky. 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. Wade Davis. Can you discuss your strategy focus for Univision, and specifically bringing the traditional broadcaster into the streaming-first space? Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX, Chief Executive Officer, Univision Communications Inc. To see the rest of the Wade Davis' contract breakdowns, & gain access to all of Spotrac's Premium tools, sign up today. 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 .

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