Davis and Searchlight Capital Partners are expected to pay $800 million for a controlling stake in Univision. The financial performance of the business has never been stronger in years. wade davis univision salary. Prior to founding ForgeLight, Davis served as EVP & CFO for Viacom, where he played a key role in driving a turnaround of the business. Continuing a . Achieving our objectives will require new ways of working together, diversity of perspectives and in some cases new talent and skillsets. 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. It takes less than ten minutes to set up your company page. 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. 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. Its reflected in the success theyve had in renewing with all of their distributors. -. 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. Davis finished 4th for AL Rookie of the Year in 2010. The lowest-paying job at Univision is an Administrative Assistant with a salary of $49,404 per year. 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 net worths are calculated using data drawn from public sources. By Jill Goldsmith. Because we respect your right to privacy, you can choose not to allow some types of cookies. By admin. 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. If you do not allow these cookies, you will experience less targeted advertising. 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. Show more. 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. Univision employees rate the overall compensation and benefits package 3.1/5 stars. December 29, 2020 12:29pm. Feb. 14, 2020 2:06 PM PT. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. What is Univision doing well now and what needs improvement? 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. 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And thats back to whats so unique about this business. This will enable Televisa to pay down debt. What wasnt expected: a major house cleaning in Univisions C-Suite. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer. 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. Thats something that got to be built by the team and something that got to be owned by the team. The success of this turnaround paved the way for the merge of Viacom and CBS to create ViacomCBS. Media executive Wade Davis is heading up a private group to buy a majority stake in the company and will be its new CEO. All information these cookies collect is aggregated and therefore anonymous. 2022: TelevisaUnivision Spanish-language streaming platform ViX to launch in March: RE. 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. Its not something were going to disclose. On Thursday, Univision reported revenue . Vince Sadusky has been running Univision as CEO since Randy Falco retired at the end of 2018. AdvancePath was successfully sold to Graduation Alliance. 2021-2021 Free Agent It has this content supply agreement from Televisa, a strategic partner, and Televisa is the largest producer of Spanish-language content in the world. An IPO isnt something we plan for; its not something the company particularly needs. 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.. A look at the injuries for Wade Davis, and the financial implications. 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. By subscribing, I agree to the Terms of Use and Privacy Policy. February 25, 2020. 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 . 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. Theres no question that Univision has the scale it needs to have. Get the latest news from Univision. They help us to know which pages are the most and least popular and see how visitors move around the site. Thank you, you'll be receiving newsletter updates from us in your email inbox. Through the 2014 season Davis has a record of 45 35 with 564 strikeouts and an ERA of 3.91. Wade Davis is the Chief Executive Officer of Univision Communications Inc., the leading Hispanic media company in the United States. 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 . 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. Subscribe for full access to The Hollywood Reporter. The smarter way to stay on top of broadcasting and cable industry. Specialty Preview, Ozy Media Closes In Wake Of Founder Carlos Watson Scandal, TikTok Introduces New Feature To Limit Screen Time For Teens. 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. Musk Made a Mess at Twitter. Wade Davis, Univision chief executive . Salary Score. Its one of the most profitable media businesses in the industry. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance. See All CEO & Executives. 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. 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. TelevisaUnivision will be led by CEO Wade Davis, the former Viacom CFO who led a group that bought Univision last year. The information does not usually directly identify you, but it can give you a more personalised web experience. Salaries posted anonymously by Univision employees. 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. The national average salary for a Univision Holdings, Inc. employee in the United States is $65,488 per year. Televisa has a shared history with Univision dating back many years and a deep strategic relationship today. Wade Davis continues as CEO of the merged company and discussed Univision's fourth quarter 2021 results with Wall Street analysts on Friday. Send us a tip using our annonymous form. He is a pitcher who bats and throws right handed. The average Univision hourly pay ranges from approximately $24 per hour for an Intern - Hourly to $114 per hour for a Director. Wade Davis is officially Univision's new CEO. Does Univision have the scale it needs in todays competitive landscape, or do you envision additional M&A to get additional scale? 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. 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 Davis's net worth is $0. 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. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. Wade Davis was born in Lake Wales, Florida in September 1985. Wade Davis Shakes Up Univision's C-Suite In A Major Way. Theyve renewed one hundred percent of their distributor agreements, which is something that no other company in the industry can say. 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. 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. 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. CEO of TelevisaUnivision, Inc. Bernardo Gmez Martinez. 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. 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. 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. And in that private transaction, the details of the individual transactions are private. Salary: $4.8 Million Date of Birth: Sep 7, 1985 (37 years old) Place of Birth . Deportes Digest . Univision employees attributed a compensation and benefits rating of 3.1/5 stars to their 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 Univision. His experience includes serving as a C-Suite Fortune 100 operator, board director, investment banker and entrepreneur. 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. ForgeLight was founded in 2019 by Wade Davis and is an operating and investment company focused on the media and . 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. Univision Holdings, Inc. Salaries. Giant Miami-based Spanish language broadcaster. 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. 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. Wade Davis - 2021 Salary & ContractWade Davis salary is $1,250,000 per year, including a $0 signing bonus. All Rights Reserved. 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. Future US, Inc. Full 7th Floor, 130 West 42nd Street, This documentary-style series follows investigative journalists as they uncover the truth. 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. We want to hear from you! This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 0. 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. Today begins a transformation for Univision. 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. These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. 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. Executive Chairman of TelevisaUnivision, Inc. & Co-CEO of TelevisaUnivision Mexico. Please refresh the page and try again. 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. Davis was previously Viacom's chief . Univision Communications. 2023 The Hollywood Reporter, LLC. The group includes . From 1996 to 2006 he served as an editor at Radio & Records. 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. 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 9.5. 2022: Transcript : Tikehau Capital, H1 2022 Earnings Call, Jul 28, 2022 . 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. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. 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. New York, There was a problem. Apache/2.4.54 (Debian) Server at portada-online.com Port 80 Wade C Davis is Chief Executive Officer at Univision Communications Inc. See Wade C Davis's compensation, career history, education, & memberships. Just about any story is fair game, if a dollar sign can make its way into the article. Reports of Davis's pursuit of . Wade was drafted #75 by the Tampa Bay Devil Rays in the 2004 Major League Baseball Draft. 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 . Davis on Tuesday discussed driving towards the streaming space with Univision, closing distribution deals and content spending. Davis Board memberships include Cengage Learning, Executive Chairman of Hammerhead Navigation and the Board of Directors of Daybreak Games. Since closing that deal, Davis has hired more than 500 people and made . Veteran media executive Wade Davis to become CEO of Univision upon closing. He played in their minor league system before making his MLB debut for the Rays in 2009 where he played through the 2012 season. Latest news about Wade Davis : 01/12: Transcript : Jaguar Health, Inc. - Special Call: CI. Read Also: Frontera Wines Joins Sponsors for Univisions Latin Grammys. This was actually a purchase and a sale of specific shares that specific shareholders have. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 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. Univision will pay $3bn in cash and $1.5bn in Univision stock, with the remainder funded by other sources. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. 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. 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 . . Get the latest news, stats, videos, highlights and more about relief pitcher Wade Davis on ESPN. Wade is the second-cousin of former MLB player Jody Davis. Get our latest storiesin the feed of your favorite networks. When you look at what the current management team has been able to accomplish in the last 18 months, its quite remarkable. Theyve divested the English-language cable channels as theyve been sunset. The agreement is one of Univisions most strategic assets, giving it exclusive access to the largest Spanish-language video library in the world. 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. Also Read: Wade Davis and Searchlight Close Deal for Majority Univision Stake. Adam Jacobson . Biography. TelevisaUnivision. By . Davis was part of a group of private-equity investors who agreed in February 2020 to buy a majority stake in Univision. EVP, Chief Financial Officer of TelevisaUnivision, Inc. President of TelevisaUnivision US Local Media, General Director, Mexico Government Relations, VP of TelevisaUnivision Mexico Growth Officer. 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 . And to the extent we can talk about the strategy publicly, that something thats going to happen in due time. 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 Can you drill down and tell us what you see standing out in Univisions asset base? The average Univision salary ranges from approximately $49,404 per year for an Administrative Assistant to $325,473 per year for a Vice President. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Streamline RBR, Inc. 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. . These cookies may be set through our site by our advertising partners. 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. Submit. Deadline is a part of Penske Media Corporation. As expected, Davis assumed Univisions Chief Executive chair fromVince Sadusky. He was in the Royals starting rotation in 2013 but moved to the bullpen where he played in 2014. He also founded AdvancePath Academics, a technology-based provider of dropout recovery and alternative education solutions. Davis earned a dual BA degree, with honors, in Economics & Philosophy from Williams College. Theyve reinvested in their news platform, theyve acquired a substantial portfolio of soccer rights, which is actually the largest portfolio of soccer rights in the U.S. and in any language. Now, major changes are coming to the C-Suite. Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. ForgeLight and SearchLight, meanwhile, will buy a majority 64% ownership interest from all the other stockholders of the privately-held company. A free inside look at Univision salary trends based on 1169 salaries wages for 507 jobs at Univision. 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. To see the rest of the Wade Davis' contract breakdowns, & gain access to all of Spotrac's Premium tools, sign up today. 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. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. Browse our online application for MLB, NBA, NFL, NHL, EPL, or MLS player contracts, salaries, transactions, and more. Liked by Wade Davis. How much do Univision employees make? Adam Jacobson. 2023 Celebrity Net Worth / All Rights Reserved. We view this transaction as a strong vote of confidence by Univisions new owners in Televisas insight, creativity and its place as an undisputed leader in producing high-quality Spanish-language content targeting a dynamic and growing audience demographic., Spirit Awards: 'Everything Everywhere All At Once' Takes Best Feature, 6 Other Trophies; 'The Bear', Quinta Brunson Tops In TV - Full Winners List, Will Moviegoers Lend An Ear To Children Of The Corn Remake? 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. The Davis-led investor group on Tuesday said it agreed to acquire a 64 percent majority stake in Univision for an undisclosed sum. Click on the different category headings to find out more and change our default settings. 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 (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