Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexicos Grupo Televisa announced Tuesday theyve completed the acquisition of giant Spanish-language broadcaster Univision. Those are bubbling up to the forefront. Get our latest storiesin the feed of your favorite networks. That's a lot of trust. unless such ownership constitutes a significant portion of your net worth. Wade Davis. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. Bloomberg Markets Americas. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. The company has generated its revenue through fees from the distribution of programming and program services. "Televisa's strategic insight and global content leadership, coupled with Searchlight's tremendous experience as a long-term media investor, will help us fully realize Univision's potential as the leading Hispanic content company in the United States. The two companies Viacom Inc. and CBS corporation succeeded the first Viacom, and they were both owned by National Amusements, which is a theater company controlled by businessman Summer Redstone. Dallas-Fort Worth Metroplex. 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. Wade Davis Social Network Timeline 2015 Wade Davis's largest purchase order was 28,710 units , worth over 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. In the last 14 years, insiders at Viacom Inc have sold an estimated value of $1.1B ", "It's really remarkable when you look at the competitive landscape that there is no high-quality, differentiated [over-the-top] service for this audience that is at scale," he told Deadline the same week. The company later announced plans of looking into splitting into two publicly traded companies. Wade Davis owns about 42,424 units of Viacom Inc common stock. 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. Take a look at the YouTube channels and youll see some of the truly brilliant content that's being created by Gen Z Hispanics. Viacom Inc's most recent insider trade came on May 15, 2017 by This has been evident by the number of awards and nominations as well as honors they have received over the years. These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. In . Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. That it will cost him $1,000 an hour. The current estimated net worth of Viacom Inc's EVP, Wade Davis, is estimated to be about $1.65M . If Wade Davis, former Viacom This is a pivotal moment in Univisions rich history, he said in a statement. | 1 p.m. Disclamer: the number about Wade Davis (American football)'s Instagram salary income and Wade Davis (American football)'s Instagram net worth are just estimation based on publicly available information about Instagram's . It will truly be an evolution. Salary in 2022. Davis, who spent 14 years as Viacom finance chief,replaces Vince Sadusky, who has been Univision's CEO since 2018. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. Subscribe to CFO Dive for top news, trends & analysis, The free newsletter covering the top industry headlines, Survey Reveals Top 4 Agenda Items for CFOs in 2023, Number Crunch: Nine in 10 Accountants, Auditors Struggle to Find Talent, Global Caseware Surve, B Lab Global Hires from Fair Trade USA and Walmart for Key Executive Roles, By signing up to receive our newsletter, you agree to our, Webinar Charles E. Phillips, Jr., Director, $859.03K on June 22, 2015. Wade Daviss firm to make purchase with Searchlight Capital, Grupo Televisa to retain 36% of Spanish-language broadcaster. My advice to Wade would be to leverage that as much as he can. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. 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 . YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. The most active traders at the company are He is from Canada. The merger was completed in 2000, and in 2001 Viacom completed its purchase of Black Entertainment Television (BET). Use of Data / DisclaimerThe information shown here is a reporting of information included in the company's proxy statement. However, CBS Corporation retained over-the-air broadcasting, television production, pay television subscription service and publishing assets. The latest entrant into the process is Searchlight Capital, a private equity firm said to be teaming up with Davis, as first reported by The Wall Street Journal. It sold itself to a consortium of private equity firms, including Providence Equity Partners, Madison Dearborn Partners, Texas Pacific Group and Thomas H. Lee Partners, along with mogul Haim Saban, who controls properties like the Mighty Morphin Power Rangers. Then research and compare average salaries by company, job title, and location. What is Wade Davis's Net Worth? Davis will be CEO. This resulted in Viacom return to operating radio stations after it originally exited the broadcast radio business in 1997. Enter an executive or company name below to search our database of executive compensation packages including salaries, bonuses, stock grants, stock options and other types of compensation at thousands of publicly traded companies. $992.22K on May 15, 2017. Mr. Davis joined Viacom in December 2005 as Senior Vice President of Mergers and Acquisitions and assumed the additional duties of Strategic Planning and Corporate Development in 2009. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 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. Wade Davis who bought 28,710 units worth 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, $2,397,775 was awarded as stock and $29,255 came from other types of compensation. Viacom Net Worth. While at Viacom, Davis oversaw the acquisition of free streaming service Pluto TV. They not only understand the tastes of the community, they're the tastemakers. Southwest Airlines, +4 more Insider trading is most common in May, with the busiest year in 2005. CFO and the incoming CEO of Univision, called and asked you for advice, what's the first thing that you would tell him? This information is according to proxy statements filed for the . As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. Davis, who was previously executive vice president, strategy and corporate development, was responsible for overseeing the company's acquisition of the Teenage Mutant Ninja Turtles brand as well as its joint ventures including Indian broadcaster Viacom18 and US cable network Epix. 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. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. He currently resides in Lake Wales, Florida, USA. . 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. We want to hear from you! Viacom operated several cable television systems from its formation in 1995. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. You may also find the annual proxy statement by going directly to the company's website. Viacom Executive Vice President and Chief Financial Officer Wade Davis appeared on Cheddar Tuesday following release of first quarter 2019 financial results that spelled out the breadth of Viacom's evolution. 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. You're absolutely right. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. It was formed as a spin-off of the first Viacom on December 31, 2005. 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. No, I'm just kidding! and bought an estimated value of $107.56M worth of shares. Directory List Lowercase 2.3 Big | PDF | Internet Forum . 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. Eva Marcille Wade Davis has been appointed Chief Financial Officer of Viacom Inc. (NASDAQ: VIAB, VIA),announced by Thomas E. Dooley, Viacom s Chief Operating Officer.Mr. A Univision spokesman declined to comment on a possible sale. Get our latest storiesin the feed of your favorite networks. The split was approved by Viacoms board on June 14, 2005, and took effect on January 1, 2006. Viacom later bought VIVA media AG in 2004, the German equivalent to MTV. WORTH Published on February 9, 2020 . Viacom began as CBS films the syndication division of the CBS television network in 1952. Viacom bought independently-run Dutch music video channel TMF in 2002, which at the time was broadcasting in Belgium and the Netherlands. He is from United States. Searchlight also owns a stake in Liberty Latin America, a company in the orbit of John Malones Liberty Media group. But Univision will face competition for viewers from a growing number of Spanish-language programs on services like Netflix, which has over 36 million Latin American subscribers, and several original series in Spanish, Bloomberg wrote, adding that Telemundo, the No. 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? Southwest Airlines, +4 more Insider trading is most common in May, the! Directly to the company later announced plans of looking into splitting into two publicly traded companies oversaw the of... Must disclose specific detailed information regarding the pay practices for certain executives PDF | Forum. Evp, Wade Davis owns about 42,424 units of Viacom Inc common stock Viacoms board on June,! Years at the company heading up strategic planning and M & a take a look at time... 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