Searchlight Capital Partners and ForgeLight to Acquire Majority Stake in 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 . An IPO isnt something we plan for; its not something the company particularly needs. Wade Davis, Univision's new CEO, named his senior management team, bringing several well-known industry executives to the Spanish-language media company. Through the 2014 season Davis has a record of 45 35 with 564 strikeouts and an ERA of 3.91. The oldest company is Fisher Communications, founded in 1910. . 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. wade davis univision salary. His experience includes serving as a C-Suite Fortune 100 operator, board director, investment banker and entrepreneur. Univision abre una nueva etapa: cierra su venta, estrena nuevo jefe y planea un servicio de streaming. These cookies are necessary for the website to function and cannot be switched off in our systems. Feb. 14, 2020 2:06 PM PT. Related Company Competitors. What is Univision doing well now and what needs improvement? These cookies may be set through our site by our advertising partners. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. 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 Dario Acosta/Courtesy of Viacom. Giant Miami-based Spanish language broadcaster. The latest from the Univision Sports team. They have no renewals for multiple years going forward. Browse our online application for MLB, NBA, NFL, NHL, EPL, or MLS player contracts, salaries, transactions, and more. 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. 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. Univision y Televisa juntarn sus contenidos para crear el mayor conglomerado de medios en espaol Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Use of any marks, trademarks, or logos on this website shall not constitute a sponsorship or endorsement by the trademark holder. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. About. He was in the Royals starting rotation in 2013 but moved to the bullpen where he played in 2014. Theyve renewed one hundred percent of their distributor agreements, which is something that no other company in the industry can say. Univision will pay $3bn in cash and $1.5bn in Univision stock, with the remainder funded by other sources. Streamline RBR, Inc. All rights reserved. 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 Communications. 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. 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. 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. Get our latest storiesin the feed of your favorite networks. Will His AI Plans Be Any Different? religious interview questions and answers sharleen spiteri ashley heath. Get the latest news from Univision. The lowest-paying job at Univision is an Administrative Assistant with a salary of $49,404 per year. Former Viacom Inc. CFO Wade Davis is finalizing a . 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. Career Earnings: Year Basic Salary The average Univision hourly pay ranges from approximately $24 per hour for an Intern - Hourly to $114 per hour for a Director. 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. And its for sure the case that if you look at the competitive landscape, there is no high-quality differentiated OTT offering at scale. Show more. That year he was traded to the Kansas City Royals. . Since closing that deal, Davis has hired more than 500 people and made . Univision employees attributed a compensation and benefits rating of 3.1/5 stars to their company. And in that private transaction, the details of the individual transactions are private. * To subscribe, you must consent to Futures privacy policy. Theres no question that Univision has the scale it needs to have. 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. That creates an incredibly stable base from which to build and innovate on. 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 . 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 . 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. Now, major changes are coming to the C-Suite. NY 10036. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. Salary Score. 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 -. Davis was previously Viacom's chief . Liked by Wade Davis. 9.5. He takes over the reins from Vince Sadusky, who led the company since mid-2018, when he replaced Randy Falco.. Happy to announce that . Get the latest news, stats, videos, highlights and more about relief pitcher Wade Davis on ESPN. Davis said he is honored to be partnering with Televisa and Searchlight to help steward Univision into this next phase. A look at the injuries for Wade Davis, and the financial implications. The liberal Spanish-media giant Univision has been sold.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. Davis earned a dual BA degree, with honors, in Economics & Philosophy from Williams College. TelevisaUnivision will be led by CEO Wade Davis, the former Viacom CFO who led a group that bought Univision last year. Media executive Wade Davis is heading up a private group to buy a majority stake in the company and will be its new CEO. This was actually a purchase and a sale of specific shares that specific shareholders have. On Thursday, Univision reported revenue . 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. Wade Davis - 2021 Salary & ContractWade Davis salary is $1,250,000 per year, including a $0 signing bonus. Broadcasting+Cable is part of Future US Inc, an international media group and leading digital publisher. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. Financial terms of the of the transaction were not disclosed. This documentary-style series follows investigative journalists as they uncover the truth. 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. With that, Wade Davis succeeded Vince Sadusky as Univision's CEO. Univision. 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. The financial performance of the business has never been stronger in years. By admin. 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? Veteran media executive Wade Davis to become CEO of Univision upon closing. It's a done deal. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer. 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. 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. He is a pitcher who bats and throws right handed. 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. By Jill Goldsmith. 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? They lead not only in general, but in the categories I referenced: news, sports, music and entertainment. By subscribing, I agree to the Terms of Use and Privacy Policy. Login Here. Any plans for Univision to revisit a potential IPO down the road? All Rights Reserved. Achieving our objectives will require new ways of working together, diversity of perspectives and in some cases new talent and skillsets. 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. Theyre the market leader for this audience. A free inside look at Univision salary trends based on 1169 salaries wages for 507 jobs at Univision. 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. In this role, he delivered total company growth across revenue, operating income, and earnings per share. And theyve done an incredible job of refreshing their entertainment slate, with Televisa and selection productions on their own. There was a problem. Wade Davis' new investment fund just became part owner of Univision in a deal expected to close late summer with the . Sign up for THR news straight to your inbox every day. 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. Biography. He played in their minor league system before making his MLB debut for the Rays in 2009 where he played through the 2012 season. Because we respect your right to privacy, you can choose not to allow some types of cookies. The highest-paying job at Univision is a Vice President with a salary of $325,473 per year. Co-CEO of TelevisaUnivision Mexico . 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. Click on the different category headings to find out more and change our default settings. Salaries posted anonymously by Univision employees. 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. Jon has been business editor of Broadcasting+Cable since 2010. 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. 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 . Does Univision have the scale it needs in todays competitive landscape, or do you envision additional M&A to get additional scale? CEO of TelevisaUnivision, Inc. Bernardo Gmez Martinez. wade davis univision salary. TelevisaUnivision. 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. Steve Mandala. The average Univision salary ranges from approximately $49,404 per year for an Administrative Assistant to $325,473 per year for a Vice President. 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. 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. 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He also founded AdvancePath Academics, a technology-based provider of dropout recovery and alternative education solutions. These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. 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. 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. See All CEO & Executives. Learn from our experts on Hispanic consumers. But, after gracing our screens for all of two episodes, the bubbly vet was nowhere to be seen. 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.. 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 . Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. Already Subscribed? When you look at what the current management team has been able to accomplish in the last 18 months, its quite remarkable. 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. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. Also Read: Wade Davis and Searchlight Close Deal for Majority Univision Stake. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. As expected, Davis assumed Univisions Chief Executive chair fromVince Sadusky. 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. We welcome all corrections and feedback using the button below. 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. Salary: $4.8 Million Date of Birth: Sep 7, 1985 (37 years old) Place of Birth . Signup for Breaking News Alerts & Newsletters. Send us a tip using our annonymous form. Thank you for signing up to Broadcasting & Cable. For fiscal 2006, company revenues were $2.026 billion. Davis on Tuesday discussed driving towards the streaming space with Univision, closing distribution deals and content spending. Reports of Davis's pursuit of . 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. 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. Visit our corporate site (opens in new tab). From 1996 to 2006 he served as an editor at Radio & Records. 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 Board memberships include Cengage Learning, Executive Chairman of Hammerhead Navigation and the Board of Directors of Daybreak Games. Hemisphere Media Group, Platinum Equity and former Viacom CFO Wade Davis have made overtures to Univision. 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. On December 29, Searchlight III UTDandForgeLights acquisition of a majority stake ofUnivision Holdingsformally closed. 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. 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. Theyve refocused the business on the core audience. Subscribe for full access to The Hollywood Reporter. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. with an average yearly salary of $72,781. What wasnt expected: a major house cleaning in Univisions C-Suite. 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.. Read Also: Frontera Wines Joins Sponsors for Univisions Latin Grammys. ForgeLight and SearchLight, meanwhile, will buy a majority 64% ownership interest from all the other stockholders of the privately-held company. 2023 The Hollywood Reporter, LLC. Davis finished 4th for AL Rookie of the Year in 2010. 2021-2021 Free Agent All net worths are calculated using data drawn from public sources. 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. PENELOPE THE PIG WAS THE CUTEST THING I HAD EVER SEEN. Just about any story is fair game, if a dollar sign can make its way into the article. Univision Holdings, Inc. Salaries. Wade is the second-cousin of former MLB player Jody Davis. Can you discuss your strategy focus for Univision, and specifically bringing the traditional broadcaster into the streaming-first space? Wade Davis Shakes Up Univision's C-Suite In A Major Way. 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. It takes less than ten minutes to set up your company page. 2022: Transcript : Tikehau Capital, H1 2022 Earnings Call, Jul 28, 2022 . . 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. Thats something that got to be built by the team and something that got to be owned by the team. Wade Davis's net worth is $0. Read what they think about their salaries on our Compensation FAQ page for Univision. Are there any content distribution deals up for renewal on the immediate horizon? So from a financial point of view, an IPO isnt something the company needs or its not something were planning for. Wade Davis. All Rights Reserved. It has this content supply agreement from Televisa, a strategic partner, and Televisa is the largest producer of Spanish-language content in the world. How much do Univision employees make? 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. Vince Sadusky has been running Univision as CEO since Randy Falco retired at the end of 2018. 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. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. 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. May not be copied or duplicated without express written permission. Univision Communications went private in 2007 when Haim Saban bought the company for $13.7 billion. Submit. 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. NAB: 2022 Quadrennial Review A Rerun Of Unfinished 18, Dual Screen Ubiquity: A Tale Of Todays TV Viewer. 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. Adam Jacobson . Univision Holdings, Inc. competitors are Entravision Communications, Nexstar Media Group, TEGNA, and more. 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. So the management team has done a remarkable job of stabilizing the business and positioning it for growth. 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 . . 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. Webinars . Theyve done a great job of de-levering the balance sheet. EVP, Chief Financial Officer of TelevisaUnivision, Inc. President of TelevisaUnivision US Local Media, General Director, Mexico Government Relations, VP of TelevisaUnivision Mexico Growth Officer.