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. With that, Wade Davis succeeded Vince Sadusky as Univision's CEO. Submit. Send us a tip using our annonymous form. 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. The smarter way to stay on top of broadcasting and cable industry. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}3.4. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Univision reportedly "nearing a sale" to investment group involving former Viacom EVP Wade Davis, at a much lower price than 2007 Univision changed hands for $13.7 billion in 2007, but seems . . It has this content supply agreement from Televisa, a strategic partner, and Televisa is the largest producer of Spanish-language content in the world. As expected, Davis assumed Univisions Chief Executive chair fromVince Sadusky. Univision employees attributed a compensation and benefits rating of 3.1/5 stars to their company. They acquired the company for $13.7 billion in 2007, beating out a rival bid from Televisa. The community relies on everyone sharing. 2022: Transcript : Tikehau Capital, H1 2022 Earnings Call, Jul 28, 2022 . Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. 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. All net worths are calculated using data drawn from public sources. They lead not only in general, but in the categories I referenced: news, sports, music and entertainment. . 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. Wade is the second-cousin of former MLB player Jody Davis. They have no renewals for multiple years going forward. We welcome all corrections and feedback using the button below. All information these cookies collect is aggregated and therefore anonymous. Now, major changes are coming to the C-Suite. 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. February 25, 2020 9:03am. Any plans for Univision to revisit a potential IPO down the road? Latest news about Wade Davis : 01/12: Transcript : Jaguar Health, Inc. - Special Call: CI. CEO of TelevisaUnivision, Inc. Bernardo Gmez Martinez. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. Get the latest news from Univision. Streamline RBR, Inc. All rights reserved. The oldest company is Fisher Communications, founded in 1910. . Isgho Votre ducation notre priorit . Salary: All-Star: World Series: 2009 Tampa Bay Rays: 58--2010 Tampa Bay Rays: 40--2011 Tampa Bay Rays: 40--2012 Tampa Bay Rays: 40--2013 Kansas City . Wade Davis's net worth is $0. TelevisaUnivision. Wade Davis Shakes Up Univision's C-Suite In A Major Way. VP, Global Broadcast Operations of TelevisaUnivision, Inc. VP of TelevisaUnivision Mexico Networks Programming, Marketing & Research. 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. Its reflected in the success theyve had in renewing with all of their distributors. Univision employees rate the overall compensation and benefits package 3.1/5 stars. For fiscal 2006, company revenues were $2.026 billion. The financial performance of the business has never been stronger in years. Signup for Breaking News Alerts & Newsletters. 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.. 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. Will His AI Plans Be Any Different? This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Financial terms of the of the transaction were not disclosed. 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. Wade Davis. 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. 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. Wade Davis is officially Univision's new CEO. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . Because we respect your right to privacy, you can choose not to allow some types of cookies. The latest from the Univision Sports team. 2023 Deadline Hollywood, LLC. 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 highest-paying job at Univision is a Vice President with a salary of $325,473 per year. The announcement said Televisa will serve as an important partner to the new ownership and management team going forward. 2023 The Hollywood Reporter, LLC. Theyve renewed one hundred percent of their distributor agreements, which is something that no other company in the industry can say. Career Earnings: Year Basic Salary Theyre the market leader for this audience. 2023 Celebrity Net Worth / All Rights Reserved. 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. EVP, Chief Financial Officer of TelevisaUnivision, Inc. President of TelevisaUnivision US Local Media, General Director, Mexico Government Relations, VP of TelevisaUnivision Mexico Growth Officer. Our model gets smarter over time as more people share salaries on Glassdoor. The information does not usually directly identify you, but it can give you a more personalised web experience. The national average salary for a Univision Holdings, Inc. employee in the United States is $65,488 per year. It has some of the best margins of the traditional media businesses. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer. 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. Im so proud of everything we have accomplished that has led us to this great outcome. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. The success of this turnaround paved the way for the merge of Viacom and CBS to create ViacomCBS. Happy to announce that . Can you discuss your strategy focus for Univision, and specifically bringing the traditional broadcaster into the streaming-first space? And in that private transaction, the details of the individual transactions are private. Co-CEO of TelevisaUnivision Mexico . Media executive Wade Davis is heading up a private group to buy a majority stake in the company and will be its new CEO. Wade Davis. The average Univision salary ranges from approximately $49,404 per year for an Administrative Assistant to $325,473 per year for a Vice President. Wade C Davis is Chief Executive Officer at Univision Communications Inc. See Wade C Davis's compensation, career history, education, & memberships. wade davis univision salary. So the management team has done a remarkable job of stabilizing the business and positioning it for growth. Sign up below. 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. Univision y Televisa juntarn sus contenidos para crear el mayor conglomerado de medios en espaol Theyve done a great job of de-levering the balance sheet. . By admin. We want to hear from you! 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). 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. Davis was part of a group of private-equity investors who agreed in February 2020 to buy a majority stake in Univision. . Thank you, you'll be receiving newsletter updates from us in your email inbox. The Davis-led investor group on Tuesday said it agreed to acquire a 64 percent majority stake in Univision for an undisclosed sum. 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. Are you disclosing what your consortium paid for the majority stake in Univision? Our talented operating team has transformed Univision to be strategically, operationally and financially stronger than it has been in years, Sadusky said. Chief Administrative Officer of TelevisaUnivision, Inc. 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. Salary Score. L to R: Alfonso de Angoitia and Wade Davis. Musk Made a Mess at Twitter. -. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Apache/2.4.54 (Debian) Server at portada-online.com Port 80 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. 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 . Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexico's Grupo Televisa . That creates an incredibly stable base from which to build and innovate on. Wade Davis' new investment fund just became part owner of Univision in a deal expected to close late summer with the . 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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. 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. This will enable Televisa to pay down debt. He also founded AdvancePath Academics, a technology-based provider of dropout recovery and alternative education solutions. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Broadcasting+Cable is part of Future US Inc, an international media group and leading digital publisher. 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Vince Sadusky has been running Univision as CEO since Randy Falco retired at the end of 2018. Davis founded ForgeLight last year. Hemisphere Media Group, Platinum Equity and former Viacom CFO Wade Davis have made overtures to Univision. Use of any marks, trademarks, or logos on this website shall not constitute a sponsorship or endorsement by the trademark holder. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. 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. 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 . This was actually a purchase and a sale of specific shares that specific shareholders have. Get our latest storiesin the feed of your favorite networks. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. That year he was traded to the Kansas City Royals. 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. So you take the Televisa strategic partnership, what the business is doing on their own in news, sports and tentpoles like the Latin Grammys, and starting to produce some of their own original content, and theres no question that this business has the scale thats necessary to continue to win. 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. Signage at Univision's Los Angeles headquarters is seen in 2016. And to the extent we can talk about the strategy publicly, that something thats going to happen in due time. On Thursday, Univision reported revenue . Related Company Competitors. It's a done deal. Click on the different category headings to find out more and change our default settings. Achieving our objectives will require new ways of working together, diversity of perspectives and in some cases new talent and skillsets. 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. Mexico's media giant Grupo Televisa and U.S. Spanish-language broadcaster Univision today announced they have . An investor group led by former Viacom CFO Wade Davis said Tuesday it has closed its acquisition of a 64 percent stake in Spanish-language media giant Univision Communications. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. Read Also: Frontera Wines Joins Sponsors for Univisions Latin Grammys. 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. 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. When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. 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. How much do Univision employees make? New York, February 25, 2020. The group includes . These cookies may be set through our site by our advertising partners. NAB: 2022 Quadrennial Review A Rerun Of Unfinished 18, Dual Screen Ubiquity: A Tale Of Todays TV Viewer. 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. Pierluigi Gazzolo was named president and chief transformation officer at Univision, I consent the use of my personal data in accordance with Future's. And thats back to whats so unique about this business. Today begins a transformation for Univision. Specialty Preview, Ozy Media Closes In Wake Of Founder Carlos Watson Scandal, TikTok Introduces New Feature To Limit Screen Time For Teens. Televisa elects to maintain its existing ownership stake in support of new ownership group; Televisa's Program License Agreement with Univision remains unchanged. Webinars . Davis earned a dual BA degree, with honors, in Economics & Philosophy from Williams College. - Veteran media executive Wade Davis to become CEO of Univision upon closing . Wade Davis. Just about any story is fair game, if a dollar sign can make its way into the article. 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. Are there any content distribution deals up for renewal on the immediate horizon? Wade was drafted #75 by the Tampa Bay Devil Rays in the 2004 Major League Baseball Draft. 2022: Univision Communications Inc. completed the acquisition of Content and Media Assets . Univision. Salaries posted anonymously by Univision employees. Davis on Tuesday discussed driving towards the streaming space with Univision, closing distribution deals and content spending. Earlier in his career, Davis spent nine years in M&A investment banking with ThinkEquity, Lazard, and Wasserstein Perella and led nearly $30B in total transactions, primarily in the tech, education and media sectors. Wade Davis continues as CEO of the merged company and discussed Univision's fourth quarter 2021 results with Wall Street analysts on Friday. 0. Salary: $4.8 Million Date of Birth: Sep 7, 1985 (37 years old) Place of Birth . Executive Chairman of TelevisaUnivision, Inc. & Co-CEO of TelevisaUnivision Mexico. So from a financial point of view, an IPO isnt something the company needs or its not something were planning for. 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. Univision Holdings, Inc. Salaries. He takes over the reins from Vince Sadusky, who led the company since mid-2018, when he replaced Randy Falco.. Wade Alan Davis II (born July 28, 1977) is an American speaker, activist, writer, educator and former American football player.. Born in Little Rock, Arkansas, Davis grew up in Shreveport, Louisiana and Aurora, Colorado.He played college football at Mesa State and Weber State.In 2000, Davis signed with the Tennessee Titans of the NFL as an undrafted free agent but was cut after the preseason. Does Univision have the scale it needs in todays competitive landscape, or do you envision additional M&A to get additional scale? Adam Jacobson . 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. Univision Communications went private in 2007 when Haim Saban bought the company for $13.7 billion. 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. 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. And its for sure the case that if you look at the competitive landscape, there is no high-quality differentiated OTT offering at scale. The lowest-paying job at Univision is an Administrative Assistant with a salary of $49,404 per year. Davis finished 4th for AL Rookie of the Year in 2010. 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. with an average yearly salary of $72,781. 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. All Rights Reserved. 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. The average Univision hourly pay ranges from approximately $24 per hour for an Intern - Hourly to $114 per hour for a Director. 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. Biography. 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. Former Viacom Inc. CFO Wade Davis is finalizing a . Browse our online application for MLB, NBA, NFL, NHL, EPL, or MLS player contracts, salaries, transactions, and more. 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. Its one of the most profitable media businesses in the industry. This documentary-style series follows investigative journalists as they uncover the truth. 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. 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. Login Here. These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. Wade Davis - 2021 Salary & ContractWade Davis salary is $1,250,000 per year, including a $0 signing bonus. 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, the nation's largest Spanish-language media company, is nearing a sale to an investment group led by former Viacom executive Wade Davis .
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