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. These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. and bought an estimated value of $107.56M worth of shares. This report is not for commercial use. Viacom Inc. (Video & Audio Communications) was an American multinational mass media conglomerate with interests primarily in film and television. Viacom later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. Deadline is a part of Penske Media Corporation. ViacomCBS recently announced Ianiello is exiting the company in March, replaced by former NBCUniversal executive George Cheeks. Those are bubbling up to the forefront. There were layoffs and turmoil in management ranks culminating with a shakeup that saw Vince Sadusky replace CEO Randy Falco. Wade Davis who bought, In the last 14 years, insiders at Viacom Inc have sold an estimated value of, Mailing address is Viacom Inc. 1515 Broadway New York NY 10036 NY. This General Release of all Claims (this "Agreement") is entered into by Wade Davis (the "Executive") and Viacom Inc. . 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. Signup for Breaking News Alerts & Newsletters. 2 Spanish-language broadcaster in the U.S., offers programming on streaming site Peacock, which its parent company, Comcast Corp., owns. Benefits We are excited to be part of this new phase of Univision. By subscribing, I agree to the Terms of Use and Privacy Policy. Their constant commitment to the Telemundo Super Series, those 10 oclock shows which have been running since back when I was there, have really helped them get to parity. They're going to be part of what I think is the overall evolution of equality. 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. A Broadcasting & Cable Hall of Fame honoree, Uva now runs Gull Point Advisors and is the non-executive board chair for Revolver Podcasts. Matt Beake, a spokesman for Liberty Global in London, told Deadline last month, This is a small investment that Liberty Global Ventures is exploring. He specified that any transaction would go through Liberty Global Ventures, the investment arm of Liberty Global. 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. Joe Uva is a giant in the media . You may also find the annual proxy statement by going directly to the company's website. Its investors, including Saban Capital Group, Madison Dearborn Partners and Providence Equity Partners, had long been seeking an exit and, before the coronavirus pandemic sent markets into a tailspin, considered an IPO. 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 . (BMV:TLEVISA CPO) for approximately $5.2 billion. The deal was completed on December 4, 2019. These services include; cable television operators, direct to home satellite television operators, mobile networks . As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. Getty Images. Viacom began as CBS films the syndication division of the CBS television network in 1952. 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. And the Catholic Church just barely beat the TV network. Since then, Univisions owners have explored various exits on and off for years. It will truly be an evolution. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. 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. 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. Find out what you should earn with a customized salary estimate and negotiate with confidence. 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. The company comprised of MTV Networks, BET Networks, Paramount Pictures, and Paramount Pictures Home Entertainment. Wade Davis (born September 7, 1985) is famous for being baseball player. The value finance leaders bring to operations is varied but they share a forward-looking vision. Wade Davis Social Network Timeline 2015 Warren Buffetts Letter Ducked Some Big Issues. 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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. I don't think it happens overnight. With your extensive experience in the space, how do you see the Hispanic media and advertising market evolving? Wade Davis's income source is mostly from being a successful Writer. Family Life Wade married his long time girlfriend Katelyn Casey in 2009. 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. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Why? We have estimated Wade Davis's net worth , money, salary, income, and assets. $140 per post at $7/CPM. And what Univision has been able to build over the years through their news operationshas been trust. Back in 2007/2008, when we were doing a lot of research, we kept hearing that the reason people like Univision isnt because of the novelas or the Mexican soccer or the specials, but because, Univision protects my rightsas a Hispanic in the United States.. 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 . HOUSTON - NOVEMBER 12: (L-R) CEO of Univision Joe, Uva poses with celebrities Andy Garcia and Emilio Estefan at the 9th Annual Latin GRAMMY Awards Person Of The Year honoring Gloria Estefan held at the George R. Brown Convention Center on November 12, 2008 in Houston, Texas. A Univision spokesperson declined Bloomberg's requests for comment. Find open jobs near you. Insider trading is most common in May, with the busiest year in 2005. Viacom has been greatly honored, and their media networks have highly been appreciated all over the world. I write about media, entertainment and diversity. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Wade Davis owns about 42,424 units of Viacom Inc common stock. As of 2023, Wade Davis's net worth is $100,000 - $1M. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Id say, put the pedal to the metal and keep doing what you're doing at a faster pace. 2020. Listen to the full episode of The Revolucin Podcast featuring Joe Uva with co-hosts Ana Crandell, Diego Lastra and Court Stroud on iHeartMedia, Spotify,Apple Podcasts,Google Podcasts,Amazon Podcasts,or byclicking here. Bloomberg Markets Americas. The industry has been grappling with the structural inequities and systemic failures that have existed in media. Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. $4.8 Million Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. Many companies rise up, become famous, and after some time, they collapse. All rights reserved. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. 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. 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. Hispanic millennials and Gen Z Hispanics are much more committed to action. New York, NY 10036. . The systems were located in Dayton, San Francisco, Nashville, and Seattle Metropolitan areas. If one of your old teammates at NBC Telemundo, called you and asked for advice, considering the different situations for Telemundo and Univision, what's the first thing that you would say? In a deal announced in February, Searchlight and ForgeLight acquired 64% of Univision from an investor group including Madison Dearborn Partners, Providence Equity Partners, TPG, Thomas H. Lee Partners and Saban Capital Group. $1 Million - $5 Million. 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. In this interview, Uva shares his advice for the new Univision leadership team, provides the same for Telemundo and discusses his prediction for how the market will evolve. Former Viacom CFO new CEO at Univision Published Jan. 4, 2021 Jane Thier Courtesy of Univision 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. The split was approved by Viacoms board on June 14, 2005, and took effect on January 1, 2006. Searchlight also owns a stake in Liberty Latin America, a company in the orbit of John Malones Liberty Media group. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. 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. This reversed the Viacom/CBS merger in 1999. Its a powerful connection to a community that, I guarantee you, none of the other broadcast networks or cable networks havewith the possible exception of the relationship Fox News has with their audience. Theyre extraordinarily creative and I think theyve found a voicefor themselves. Univision Communications Inc. completed the acquisition of Content and Media Assets of Grupo Televisa, S.A.B. CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? That's a lot of trust. The $13.7 billion deal included the assumption of the companys $1.4 billion in debt. Hes a former NYU and Rutgers adjunct professor, 2012 President Obama surrogate, and feminist. 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. Streaming has been a mainstay of Davis' career. He is from United States. 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