Musk Made a Mess at Twitter. The announcement said Televisa will serve as an important partner to the new ownership and management team going forward. Broadcasting+Cable is part of Future US Inc, an international media group and leading digital publisher. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. Thank you, you'll be receiving newsletter updates from us in your email inbox. And theyve done an incredible job of refreshing their entertainment slate, with Televisa and selection productions on their own. But, after gracing our screens for all of two episodes, the bubbly vet was nowhere to be seen. L to R: Alfonso de Angoitia and Wade Davis. Already Subscribed? Reports of Davis's pursuit of . 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. Wade Davis is the Chief Executive Officer of Univision Communications Inc., the leading Hispanic media company in the United States. Univision employees attributed a compensation and benefits rating of 3.1/5 stars to their company. They have no renewals for multiple years going forward. That year he was traded to the Kansas City Royals. 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. 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. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. 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 . He is a pitcher who bats and throws right handed. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. 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. 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. Any plans for Univision to revisit a potential IPO down the road? Davis said he is honored to be partnering with Televisa and Searchlight to help steward Univision into this next phase. Wade Davis' new investment fund just became part owner of Univision in a deal expected to close late summer with the . ForgeLight was founded in 2019 by Wade Davis and is an operating and investment company focused on the media and . Davis was part of a group of private-equity investors who agreed in February 2020 to buy a majority stake in Univision. Wade Davis baseball stats with batting stats, pitching stats and fielding stats, along with uniform numbers, salaries, quotes, career stats and biographical data presented by Baseball Almanac. Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexico's Grupo Televisa . VP, Global Broadcast Operations of TelevisaUnivision, Inc. VP of TelevisaUnivision Mexico Networks Programming, Marketing & Research. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Davis founded ForgeLight last year. Signage at Univision's Los Angeles headquarters is seen in 2016. On December 29, Searchlight III UTDandForgeLights acquisition of a majority stake ofUnivision Holdingsformally closed. 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. 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. Now, major changes are coming to the C-Suite. 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. Wade Davis Shakes Up Univision's C-Suite In A Major Way. The smarter way to stay on top of broadcasting and cable industry. Apache/2.4.54 (Debian) Server at portada-online.com Port 80 An IPO isnt something we plan for; its not something the company particularly needs. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Theyve renewed one hundred percent of their distributor agreements, which is something that no other company in the industry can say. Career Earnings: Year Basic Salary . The Hollywood Reporter is a part of Penske Media Corporation. Happy to announce that . Are you disclosing what your consortium paid for the majority stake in Univision? 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. 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. On Thursday, Univision reported revenue . wade davis univision salary. All information these cookies collect is aggregated and therefore anonymous. Achieving our objectives will require new ways of working together, diversity of perspectives and in some cases new talent and skillsets. 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. EVP, Chief Financial Officer of TelevisaUnivision, Inc. President of TelevisaUnivision US Local Media, General Director, Mexico Government Relations, VP of TelevisaUnivision Mexico Growth Officer. Salary Score. 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 . Televisa elects to maintain its existing ownership stake in support of new ownership group; Televisa's Program License Agreement with Univision remains unchanged. Liked by Wade Davis. Today begins a transformation for Univision. Theyre the market leader for this audience. Hemisphere Media Group, Platinum Equity and former Viacom CFO Wade Davis have made overtures to Univision. December 1, 2021. Univision. 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. Davis was previously Viacom's chief . 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. 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. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. It's a done deal. 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. 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 . How much do Univision employees make? A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago. 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. About. The financial performance of the business has never been stronger in years. AdvancePath was successfully sold to Graduation Alliance. It takes less than ten minutes to set up your company page. 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.. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. So from a financial point of view, an IPO isnt something the company needs or its not something were planning for. Univision Communications went private in 2007 when Haim Saban bought the company for $13.7 billion. And thats back to whats so unique about this business. Wade Davis, Univision's new CEO, named his senior management team, bringing several well-known industry executives to the Spanish-language media company. 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 . For fiscal 2006, company revenues were $2.026 billion. Its not because were trying to be evasive about it. 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. He also founded AdvancePath Academics, a technology-based provider of dropout recovery and alternative education solutions. Davis and Searchlight Capital Partners are expected to pay $800 million for a controlling stake in Univision. In this role, he delivered total company growth across revenue, operating income, and earnings per share. 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. February 25, 2020 9:03am. All Rights Reserved. Media executive Wade Davis is heading up a private group to buy a majority stake in the company and will be its new CEO. It has this content supply agreement from Televisa, a strategic partner, and Televisa is the largest producer of Spanish-language content in the world. 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. The group includes . Salaries posted anonymously by Univision employees. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Vince Sadusky has been running Univision as CEO since Randy Falco retired at the end of 2018. That creates an incredibly stable base from which to build and innovate on. Its one of the most profitable media businesses in the industry. From 1996 to 2006 he served as an editor at Radio & Records. Biography. 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. Our talented operating team has transformed Univision to be strategically, operationally and financially stronger than it has been in years, Sadusky said. These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. May not be copied or duplicated without express written permission. Wade C Davis is Chief Executive Officer at Univision Communications Inc. See Wade C Davis's compensation, career history, education, & memberships. So the management team has done a remarkable job of stabilizing the business and positioning it for growth. A look at the injuries for Wade Davis, and the financial implications. Read what they think about their salaries on our Compensation FAQ page for Univision. Will His AI Plans Be Any Different? 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. 2023 Celebrity Net Worth / All Rights Reserved. Learn from our experts on Hispanic consumers. The Davis-led investor group on Tuesday said it agreed to acquire a 64 percent majority stake in Univision for an undisclosed sum. 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 . 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 . Wade is the second-cousin of former MLB player Jody Davis. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer. What is Univision doing well now and what needs improvement? Just about any story is fair game, if a dollar sign can make its way into the article. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX, Chief Executive Officer, Univision Communications Inc. 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 Get our latest storiesin the feed of your favorite networks. When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Please refresh the page and try again. Pierluigi Gazzolo was named president and chief transformation officer at Univision, I consent the use of my personal data in accordance with Future's. How much do Univision employees make? We want to hear from you! . 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 Shakes Up Univisions C-Suite In A Major Way, Sign up for our newsletters for the rest of the headlines, A Digital Sales Training Library Arrives, CP Communications Helps Accelerate Remote Production for Trans Am Series, A Wall Street Slide For iHeartMedia Shares, NAB Signs On To D.C. Plea To Stop FTC Planned Noncompete Ban, The First Certified ATSC 3.0 Upgrade Accessory Receiver Is Here, RBR+TVBR Observation: Why Local Media Wins. NEW YORK With the transition in power from Vince Sadusky to Wade Davis at Univision Communications in January 2021, a veteran sales . Our model gets smarter over time as more people share salaries on Glassdoor. Wade Davis. Wade Davis was born in Lake Wales, Florida in September 1985. To see the rest of the Wade Davis' contract breakdowns, & gain access to all of Spotrac's Premium tools, sign up today. CEO of TelevisaUnivision, Inc. Bernardo Gmez Martinez. Univision employees rate the overall compensation and benefits package 3.1/5 stars. Webinars . Wade was drafted #75 by the Tampa Bay Devil Rays in the 2004 Major League Baseball Draft. NY 10036. Future US, Inc. Full 7th Floor, 130 West 42nd Street, Davis on Tuesday discussed driving towards the streaming space with Univision, closing distribution deals and content spending. Related Company Competitors. . Its not something were going to disclose. 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. 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. Through the 2014 season Davis has a record of 45 35 with 564 strikeouts and an ERA of 3.91. Theyve done a great job of de-levering the balance sheet. 2022: Transcript : Tikehau Capital, H1 2022 Earnings Call, Jul 28, 2022 . NAB: 2022 Quadrennial Review A Rerun Of Unfinished 18, Dual Screen Ubiquity: A Tale Of Todays TV Viewer. Read Also: Frontera Wines Joins Sponsors for Univisions Latin Grammys. Davis achieved these results by creating several strategic operational improvements, implementing an organizational redesign, leading cost transformation initiatives, and directing the operational oversight of key growth segments. 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. * To subscribe, you must consent to Futures privacy policy. He played in their minor league system before making his MLB debut for the Rays in 2009 where he played through the 2012 season. These cookies may be set through our site by our advertising partners. 0. Davis Board memberships include Cengage Learning, Executive Chairman of Hammerhead Navigation and the Board of Directors of Daybreak Games. They help us to know which pages are the most and least popular and see how visitors move around the site. Jon has been business editor of Broadcasting+Cable since 2010. Veteran media executive Wade Davis to become CEO of Univision upon closing. Submit a correction suggestion and help us fix it. Partnered with the USA TODAY Sports Media Group|Powered by, Signed a minor league contract with Kansas City (KC), Signed a 3 year $52 million contract with Colorado (COL), including a vesting option for 2021, Chicago (CHC) extended a $17.4 million Qualifying Offer for 2018, Traded to Chicago (CHC) from Kansas City (KC) for, Kansas City (KC) exercised a $10M option for 2017, Kansas City (KC) exercised an $8 million option for 2016, Kansas City (KC) exercised a $7 million option for 2015, Traded to Kansas City (KC) from Tampa Bay (TB) with, Signed a 4 year $12.6 million contract with Tampa Bay (TB), Signed a 1 year $404k contract with Tampa Bay (TB), Signed a 1 year $400k contract with Tampa Bay (TB), Drafted by Tampa Bay (TB): Round 3 (#75 overall), Drafted by Tampa Bay (TB): Round 3 (#75overall). Can you drill down and tell us what you see standing out in Univisions asset base? December 29, 2020 12:29pm. wade davis univision salary. 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