Achieving our objectives will require new ways of working together, diversity of perspectives and in some cases new talent and skillsets. Univision Communications. 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. Does Univision have the scale it needs in todays competitive landscape, or do you envision additional M&A to get additional scale? Already Subscribed? In this role, he delivered total company growth across revenue, operating income, and earnings per share. Theyre the market leader for this audience. Veteran media executive Wade Davis to become CEO of Univision upon closing. Broadcasting+Cable is part of Future US Inc, an international media group and leading digital publisher. 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. As expected, Davis assumed Univisions Chief Executive chair fromVince Sadusky. 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. 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. 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 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. Wade Davis Dario Acosta/Courtesy of Viacom. It's a done deal. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. 2023 The Hollywood Reporter, LLC. . 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 . Signage at Univision's Los Angeles headquarters is seen in 2016. Theyve renewed one hundred percent of their distributor agreements, which is something that no other company in the industry can say. Login Here. 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. Liked by Wade Davis. If you do not allow these cookies, you will experience less targeted advertising. Davis and Searchlight Capital Partners are expected to pay $800 million for a controlling stake in Univision. VP, Global Broadcast Operations of TelevisaUnivision, Inc. VP of TelevisaUnivision Mexico Networks Programming, Marketing & Research. Webinars . 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. 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. The announcement said Televisa will serve as an important partner to the new ownership and management team going forward. Salary Score. Learn from our experts on Hispanic consumers. Steve Mandala. ForgeLight was founded in 2019 by Wade Davis and is an operating and investment company focused on the media and . So the management team has done a remarkable job of stabilizing the business and positioning it for growth. Submit a correction suggestion and help us fix it. 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. Through the 2014 season Davis has a record of 45 35 with 564 strikeouts and an ERA of 3.91. New York, 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 . Browse our online application for MLB, NBA, NFL, NHL, EPL, or MLS player contracts, salaries, transactions, and more. What wasnt expected: a major house cleaning in Univisions C-Suite. The Davis-led investor group on Tuesday said it agreed to acquire a 64 percent majority stake in Univision for an undisclosed sum. Wade Davis continues as CEO of the merged company and discussed Univision's fourth quarter 2021 results with Wall Street analysts on Friday. 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 . Wade is the second-cousin of former MLB player Jody Davis. Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexico's Grupo Televisa . February 25, 2020. TelevisaUnivision will be led by CEO Wade Davis, the former Viacom CFO who led a group that bought Univision last year. But, after gracing our screens for all of two episodes, the bubbly vet was nowhere to be seen. 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. How much do Univision employees make? Its not because were trying to be evasive about it. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Wade Davis' new investment fund just became part owner of Univision in a deal expected to close late summer with the . Televisas crucial program license agreement with Univision will remain in effect and will not expire unless Televisa voluntarily sells down a substantial portion of its ownership stake, at which point the agreement would still remain in place for an additional seven and a half year years. Wade was drafted #75 by the Tampa Bay Devil Rays in the 2004 Major League Baseball Draft. Also Read: Wade Davis and Searchlight Close Deal for Majority Univision Stake. Financial terms of the of the transaction were not disclosed. Click on the different category headings to find out more and change our default settings. 2023 Celebrity Net Worth / All Rights Reserved. Executive Chairman of TelevisaUnivision, Inc. & Co-CEO of TelevisaUnivision Mexico. On Thursday, Univision reported revenue . 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. By subscribing, I agree to the Terms of Use and Privacy Policy. It has some of the best margins of the traditional media businesses. 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. 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. Can you drill down and tell us what you see standing out in Univisions asset base? Its reflected in the success theyve had in renewing with all of their distributors. Former Viacom Inc. CFO Wade Davis is finalizing a . 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. That creates an incredibly stable base from which to build and innovate on. Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. Our model gets smarter over time as more people share salaries on Glassdoor. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. 2022: Transcript : Tikehau Capital, H1 2022 Earnings Call, Jul 28, 2022 . 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. 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. 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. . 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. Co-CEO of TelevisaUnivision Mexico . 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? 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. Theyve divested the English-language cable channels as theyve been sunset. And thats back to whats so unique about this business. Thank you, you'll be receiving newsletter updates from us in your email inbox. The average Univision hourly pay ranges from approximately $24 per hour for an Intern - Hourly to $114 per hour for a Director. Televisa elects to maintain its existing ownership stake in support of new ownership group; Televisa's Program License Agreement with Univision remains unchanged. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. TelevisaUnivision. Our talented operating team has transformed Univision to be strategically, operationally and financially stronger than it has been in years, Sadusky said. Televisa has a shared history with Univision dating back many years and a deep strategic relationship today. 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Univision abre una nueva etapa: cierra su venta, estrena nuevo jefe y planea un servicio de streaming. What is Univision doing well now and what needs improvement? They have no renewals for multiple years going forward. By Jill Goldsmith. 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. 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. 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. This website is not directly or indirectly affiliated, associated, or connected in any way to Major League Baseball, the National Basketball Association, the National Football League or the National Hockey League. 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. When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. He played in their minor league system before making his MLB debut for the Rays in 2009 where he played through the 2012 season. And to the extent we can talk about the strategy publicly, that something thats going to happen in due time. Future US, Inc. Full 7th Floor, 130 West 42nd Street, Subscribe to Deadline Breaking News Alerts and keep your inbox happy. The agreement is one of Univisions most strategic assets, giving it exclusive access to the largest Spanish-language video library in the world. Wade Davis. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. His experience includes serving as a C-Suite Fortune 100 operator, board director, investment banker and entrepreneur. Career Earnings: Year Basic Salary Apache/2.4.54 (Debian) Server at portada-online.com Port 80 Signup for Breaking News Alerts & Newsletters. Use of any marks, trademarks, or logos on this website shall not constitute a sponsorship or endorsement by the trademark holder. Davis founded ForgeLight last year. 2022: TelevisaUnivision Spanish-language streaming platform ViX to launch in March: RE. Wade Davis may refer to: . Get the latest news from Univision. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. February 25, 2020 9:03am. Wade Davis was born in Lake Wales, Florida in September 1985. Since closing that deal, Davis has hired more than 500 people and made . 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. PENELOPE THE PIG WAS THE CUTEST THING I HAD EVER SEEN. 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. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. Sign up for THR news straight to your inbox every day. - Veteran media executive Wade Davis to become CEO of Univision upon closing . Today begins a transformation for Univision. Related Company Competitors. Subscribe for full access to The Hollywood Reporter. 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. Because we respect your right to privacy, you can choose not to allow some types of cookies. And theyve done an incredible job of refreshing their entertainment slate, with Televisa and selection productions on their own. Will His AI Plans Be Any Different? Can A Pro-Deal Website Woo FCC On TEGNA Privatization OK? He takes over the reins from Vince Sadusky, who led the company since mid-2018, when he replaced Randy Falco.. The Hollywood Reporter is a part of Penske Media Corporation. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. But when I do look at the opportunities that lie in front of the company today, its absolutely the case when you look at the asset base that Univision has whether you start with the brand, the power of the brand and connection with this audience it has this huge audience and the fastest-growing demographic in the U.S. And its culturally relevant, and Univision is the leader with that audience. 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. It takes less than ten minutes to set up your company page. Wade Davis currently plays position Kansas City Royals for Kansas City Royals in Major League Baseball, the senior baseball league in the United States. CEO of TelevisaUnivision, Inc. Bernardo Gmez Martinez. Wade Davis's net worth is $0. These cookies are necessary for the website to function and cannot be switched off in our systems. 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? 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. Univision employees rate the overall compensation and benefits package 3.1/5 stars. The success of this turnaround paved the way for the merge of Viacom and CBS to create ViacomCBS. The community relies on everyone sharing. He is a pitcher who bats and throws right handed. 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 . Thank you for signing up to Broadcasting & Cable. An IPO isnt something we plan for; its not something the company particularly needs. By. 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 . Univision Holdings, Inc. competitors are Entravision Communications, Nexstar Media Group, TEGNA, and more. Thats something that got to be built by the team and something that got to be owned by the team. 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.. These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. Read Also: Frontera Wines Joins Sponsors for Univisions Latin Grammys. Davis earned a dual BA degree, with honors, in Economics & Philosophy from Williams College. This documentary-style series follows investigative journalists as they uncover the truth. 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 Show more. 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 . For fiscal 2006, company revenues were $2.026 billion. We want to hear from you! They do not store directly personal information, but are based on uniquely identifying your browser and internet device. About. You will receive a verification email shortly. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago. 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 . He was in the Royals starting rotation in 2013 but moved to the bullpen where he played in 2014. Theyve done a great job of de-levering the balance sheet. L to R: Alfonso de Angoitia and Wade Davis. 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. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer. Searchlight Capital Partners and ForgeLight to Acquire Majority Stake in Univision. Reports of Davis's pursuit of . Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Univision Holdings, Inc. Salaries. 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. 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. 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. NAB: 2022 Quadrennial Review A Rerun Of Unfinished 18, Dual Screen Ubiquity: A Tale Of Todays TV Viewer. Univision employees attributed a compensation and benefits rating of 3.1/5 stars to their company. Adam Jacobson. When you look at what the current management team has been able to accomplish in the last 18 months, its quite remarkable. 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. 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. Davis was previously Viacom's chief . They lead not only in general, but in the categories I referenced: news, sports, music and entertainment. 2022: Univision Communications Inc. completed the acquisition of Content and Media Assets . May not be copied or duplicated without express written permission. 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. And its for sure the case that if you look at the competitive landscape, there is no high-quality differentiated OTT offering at scale. 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. The highest-paying job at Univision is a Vice President with a salary of $325,473 per year. December 29, 2020 12:29pm. Chief Administrative Officer of TelevisaUnivision, Inc. From 1996 to 2006 he served as an editor at Radio & Records. 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. Streamline RBR, Inc. All rights reserved. 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. Wade Davis, Univision chief executive . Hemisphere Media Group, Platinum Equity and former Viacom CFO Wade Davis have made overtures to Univision. 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 . Isgho Votre ducation notre priorit . The lowest-paying job at Univision is an Administrative Assistant with a salary of $49,404 per year. . Univision. Wade Davis is the Chief Executive Officer of Univision Communications Inc., the leading Hispanic media company in the United States. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. Univision Communications went private in 2007 when Haim Saban bought the company for $13.7 billion. Can you discuss your strategy focus for Univision, and specifically bringing the traditional broadcaster into the streaming-first space? A free inside look at Univision salary trends based on 1169 salaries wages for 507 jobs at Univision. All Rights Reserved. All Rights Reserved. Latest news about Wade Davis : 01/12: Transcript : Jaguar Health, Inc. - Special Call: CI. 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. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}3.4.