He also founded AdvancePath Academics, a technology-based provider of dropout recovery and alternative education solutions. Are there any content distribution deals up for renewal on the immediate horizon? And in that private transaction, the details of the individual transactions are private. By admin. 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 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. Davis and Searchlight Capital Partners are expected to pay $800 million for a controlling stake in Univision. All Rights Reserved. What wasnt expected: a major house cleaning in Univisions C-Suite. This will enable Televisa to pay down debt. We want to hear from you! 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. 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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. Salaries posted anonymously by Univision employees. 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. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Thats something that got to be built by the team and something that got to be owned by the team. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer. Please refresh the page and try again. 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. 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. 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.. 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.. He was in the Royals starting rotation in 2013 but moved to the bullpen where he played in 2014. 2022: Transcript : Tikehau Capital, H1 2022 Earnings Call, Jul 28, 2022 . How much do Univision employees make? The lowest-paying job at Univision is an Administrative Assistant with a salary of $49,404 per year. 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. . Adam Jacobson . As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . As such, Searchlight, a private investment firm founded by CEO Wade Davis, and associated entity, ForgeLight an operating and investment company focused on the media and consumer technology sectors are now the holders of shares in Univision previously held byMadison Dearborn Partners, Providence Equity Partners, TPG, Thomas H. Lee Partners,andSaban Capital Group. 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. Univision Holdings, Inc. Salaries. 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. CEO of TelevisaUnivision, Inc. Bernardo Gmez Martinez. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. 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. It's a done deal. Broadcasting+Cable is part of Future US Inc, an international media group and leading digital publisher. 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 . . Wade Davis. Univision Holdings, Inc. competitors are Entravision Communications, Nexstar Media Group, TEGNA, and more. . Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexico's Grupo Televisa . Also Read: Wade Davis and Searchlight Close Deal for Majority Univision Stake. Latest news about Wade Davis : 01/12: Transcript : Jaguar Health, Inc. - Special Call: CI. Its not because were trying to be evasive about it. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. Davis Board memberships include Cengage Learning, Executive Chairman of Hammerhead Navigation and the Board of Directors of Daybreak Games. Feb. 14, 2020 2:06 PM PT. Will His AI Plans Be Any Different? Univision employees attributed a compensation and benefits rating of 3.1/5 stars to their company. Through the 2014 season Davis has a record of 45 35 with 564 strikeouts and an ERA of 3.91. As expected, Davis assumed Univisions Chief Executive chair fromVince Sadusky. 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. Univision Miami to Host Miami-Dade County Mayoral Debate With Top Candidates Facing Off in Multi-Media Event Tonight at 5pm on Univision 23 y Radio. 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. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago. It has some of the best margins of the traditional media businesses. Wade Davis Dario Acosta/Courtesy of Viacom. 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. 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 . Liked by Wade Davis. 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. 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. EVP, Chief Financial Officer of TelevisaUnivision, Inc. President of TelevisaUnivision US Local Media, General Director, Mexico Government Relations, VP of TelevisaUnivision Mexico Growth Officer. NAB: 2022 Quadrennial Review A Rerun Of Unfinished 18, Dual Screen Ubiquity: A Tale Of Todays TV Viewer. They lead not only in general, but in the categories I referenced: news, sports, music and entertainment. 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 The community relies on everyone sharing. By. Webinars . An IPO isnt something we plan for; its not something the company particularly needs. Happy to announce that . On July 20, 2019, Univision rebranded its Univision Deportes Network cable channel as TUDN, as part of a collaboration with its content partner Televisa.. On February 25, 2020, investment firms ForgeLight (launched by founder & CEO & ex-Viacom CFO Wade Davis) and Searchlight Capital agreed to acquire the 64% controlling stake in the company that was held by its investment group ownership . Reports of Davis's pursuit of . February 25, 2020. 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. When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Prior to Viacom, Davis co-founded Americas Choice, Inc. where he acquired research and associated IP to build a for-profit K-12 school performance improvement solutions business. Related Company Competitors. 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 . 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 . 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Use of any marks, trademarks, or logos on this website shall not constitute a sponsorship or endorsement by the trademark holder. 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. This documentary-style series follows investigative journalists as they uncover the truth. Login Here. 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. In this role, he delivered total company growth across revenue, operating income, and earnings per share. 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 group includes . Univision abre una nueva etapa: cierra su venta, estrena nuevo jefe y planea un servicio de streaming. The announcement said Televisa will serve as an important partner to the new ownership and management team going forward. They have no renewals for multiple years going forward. The agreement is one of Univisions most strategic assets, giving it exclusive access to the largest Spanish-language video library in the world. Read what they think about their salaries on our Compensation FAQ page for Univision. 2022: Univision Communications Inc. completed the acquisition of Content and Media Assets . Wade Davis continues as CEO of the merged company and discussed Univision's fourth quarter 2021 results with Wall Street analysts on Friday. ForgeLight and SearchLight, meanwhile, will buy a majority 64% ownership interest from all the other stockholders of the privately-held company. VP, Global Broadcast Operations of TelevisaUnivision, Inc. VP of TelevisaUnivision Mexico Networks Programming, Marketing & Research. Biography. 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 . Get the latest news, stats, videos, highlights and more about relief pitcher Wade Davis on ESPN. 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. And thats back to whats so unique about this business. These cookies are necessary for the website to function and cannot be switched off in our systems. 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. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. 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 Davis' new investment fund just became part owner of Univision in a deal expected to close late summer with the . They acquired the company for $13.7 billion in 2007, beating out a rival bid from Televisa. 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. Wade Davis may refer to: . Chief Administrative Officer of TelevisaUnivision, Inc. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. Wade Davis is the Chief Executive Officer of Univision Communications Inc., the leading Hispanic media company in the United States. Mexico's media giant Grupo Televisa and U.S. Spanish-language broadcaster Univision today announced they have . His experience includes serving as a C-Suite Fortune 100 operator, board director, investment banker and entrepreneur. Since closing that deal, Davis has hired more than 500 people and made . And to the extent we can talk about the strategy publicly, that something thats going to happen in due time. Wade Davis was born in Lake Wales, Florida in September 1985. Achieving our objectives will require new ways of working together, diversity of perspectives and in some cases new talent and skillsets. with an average yearly salary of $72,781. 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. Thank you for signing up to Broadcasting & Cable. Can A Pro-Deal Website Woo FCC On TEGNA Privatization OK? Media executive Wade Davis is heading up a private group to buy a majority stake in the company and will be its new CEO. 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 R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. Now, major changes are coming to the C-Suite. For fiscal 2006, company revenues were $2.026 billion. All information these cookies collect is aggregated and therefore anonymous. December 1, 2021. PENELOPE THE PIG WAS THE CUTEST THING I HAD EVER SEEN. Sign up for THR news straight to your inbox every day. See All CEO & Executives. 2023 The Hollywood Reporter, LLC. 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. 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. Sign up below. AdvancePath was successfully sold to Graduation Alliance. L to R: Alfonso de Angoitia and Wade Davis. If you do not allow these cookies, you will experience less targeted advertising. Univision employees rate the overall compensation and benefits package 3.1/5 stars. February 25, 2020 9:03am. A look at the injuries for Wade Davis, and the financial implications. Specialty Preview, Ozy Media Closes In Wake Of Founder Carlos Watson Scandal, TikTok Introduces New Feature To Limit Screen Time For Teens. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. A free inside look at Univision salary trends based on 1169 salaries wages for 507 jobs at Univision. 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 . The highest-paying job at Univision is a Vice President with a salary of $325,473 per year. Wade Davis, Univision chief executive . 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 . 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. Continuing a . wade davis univision salary. . When you look at what the current management team has been able to accomplish in the last 18 months, its quite remarkable. By Jill Goldsmith. They help us to know which pages are the most and least popular and see how visitors move around the site. 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. The average Univision hourly pay ranges from approximately $24 per hour for an Intern - Hourly to $114 per hour for a Director. Theyve done a great job of de-levering the balance sheet. On December 29, Searchlight III UTDandForgeLights acquisition of a majority stake ofUnivision Holdingsformally closed. 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. 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. 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. Its reflected in the success theyve had in renewing with all of their distributors. TelevisaUnivision will be led by CEO Wade Davis, the former Viacom CFO who led a group that bought Univision last year. - Veteran media executive Wade Davis to become CEO of Univision upon closing . Because we respect your right to privacy, you can choose not to allow some types of cookies. Wade Davis currently plays position Kansas City Royals for Kansas City Royals in Major League Baseball, the senior baseball league in the United States. 9.5. December 29, 2020 12:29pm. 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. 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. Theyve divested the English-language cable channels as theyve been sunset. Im so proud of everything we have accomplished that has led us to this great outcome. Deportes Digest . 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. Veteran media executive Wade Davis to become CEO of Univision upon closing. These cookies may be set through our site by our advertising partners. 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. -. 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. 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. There was a problem. Any plans for Univision to revisit a potential IPO down the road? We welcome all corrections and feedback using the button below. All Rights Reserved. Signup for Breaking News Alerts & Newsletters. * To subscribe, you must consent to Futures privacy policy. Univision Communications went private in 2007 when Haim Saban bought the company for $13.7 billion. Wade Davis. Its not something were going to disclose. Can you discuss your strategy focus for Univision, and specifically bringing the traditional broadcaster into the streaming-first space? Univision will pay $3bn in cash and $1.5bn in Univision stock, with the remainder funded by other sources. Hemisphere Media Group, Platinum Equity and former Viacom CFO Wade Davis have made overtures to Univision. Its one of the most profitable media businesses in the industry. Salary Score. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. The financial performance of the business has never been stronger in years.