Davis finished 4th for AL Rookie of the Year in 2010. So from a financial point of view, an IPO isnt something the company needs or its not something were planning for. L to R: Alfonso de Angoitia and Wade Davis. He is a pitcher who bats and throws right handed. Wade Davis, Univision's new CEO, named his senior management team, bringing several well-known industry executives to the Spanish-language media company. 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. New York, To see the rest of the Wade Davis' contract breakdowns, & gain access to all of Spotrac's Premium tools, sign up today. 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. EVP, Chief Financial Officer of TelevisaUnivision, Inc. President of TelevisaUnivision US Local Media, General Director, Mexico Government Relations, VP of TelevisaUnivision Mexico Growth Officer. Wade Davis Dario Acosta/Courtesy of Viacom. The announcement said Televisa will serve as an important partner to the new ownership and management team going forward. 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. Learn from our experts on Hispanic consumers. 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. And its for sure the case that if you look at the competitive landscape, there is no high-quality differentiated OTT offering at scale. Musk Made a Mess at Twitter. 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. . Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Please refresh the page and try again. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Today begins a transformation for Univision. Browse our online application for MLB, NBA, NFL, NHL, EPL, or MLS player contracts, salaries, transactions, and more. Univision abre una nueva etapa: cierra su venta, estrena nuevo jefe y planea un servicio de streaming. Related Company Competitors. 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? Wade C Davis is Chief Executive Officer at Univision Communications Inc. See Wade C Davis's compensation, career history, education, & memberships. The average Univision salary ranges from approximately $49,404 per year for an Administrative Assistant to $325,473 per year for a Vice President. . 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. On Thursday, Univision reported revenue . 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 . Happy to announce that . 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 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. 0. They help us to know which pages are the most and least popular and see how visitors move around the site. Davis on Tuesday discussed driving towards the streaming space with Univision, closing distribution deals and content spending. 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. His experience includes serving as a C-Suite Fortune 100 operator, board director, investment banker and entrepreneur. 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. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago. These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. Wade was drafted #75 by the Tampa Bay Devil Rays in the 2004 Major League Baseball Draft. There was a problem. February 25, 2020 9:03am. 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, you'll be receiving newsletter updates from us in your email inbox. 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. Show more. These cookies are necessary for the website to function and cannot be switched off in our systems. Prior to founding ForgeLight, Davis served as EVP & CFO for Viacom, where he played a key role in driving a turnaround of the business. By. 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. 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. Steve Mandala. From 1996 to 2006 he served as an editor at Radio & Records. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Feb. 14, 2020 2:06 PM PT. 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. All information these cookies collect is aggregated and therefore anonymous. 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. This will enable Televisa to pay down debt. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. - Veteran media executive Wade Davis to become CEO of Univision upon closing . Univision will pay $3bn in cash and $1.5bn in Univision stock, with the remainder funded by other sources. So the management team has done a remarkable job of stabilizing the business and positioning it for growth. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . Davis Board memberships include Cengage Learning, Executive Chairman of Hammerhead Navigation and the Board of Directors of Daybreak Games. 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 . He played in their minor league system before making his MLB debut for the Rays in 2009 where he played through the 2012 season. The oldest company is Fisher Communications, founded in 1910. . We welcome all corrections and feedback using the button below. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. Televisa has a shared history with Univision dating back many years and a deep strategic relationship today. Signage at Univision's Los Angeles headquarters is seen in 2016. 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. Its reflected in the success theyve had in renewing with all of their distributors. Already Subscribed? The smarter way to stay on top of broadcasting and cable industry. Davis was part of a group of private-equity investors who agreed in February 2020 to buy a majority stake in Univision. It has this content supply agreement from Televisa, a strategic partner, and Televisa is the largest producer of Spanish-language content in the world. 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. Sign up for THR news straight to your inbox every day. . 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 Communications went private in 2007 when Haim Saban bought the company for $13.7 billion. . On December 29, Searchlight III UTDandForgeLights acquisition of a majority stake ofUnivision Holdingsformally closed. 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 Davis continues as CEO of the merged company and discussed Univision's fourth quarter 2021 results with Wall Street analysts on Friday. Are you disclosing what your consortium paid for the majority stake in Univision? This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. Liked by Wade Davis. Our model gets smarter over time as more people share salaries on Glassdoor. 2023 Celebrity Net Worth / All Rights Reserved. With that, Wade Davis succeeded Vince Sadusky as Univision's CEO. 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. Thank you for signing up to Broadcasting & Cable. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. Biography. Veteran media executive Wade Davis to become CEO of Univision upon closing. All Rights Reserved. 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. February 25, 2020. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. Media executive Wade Davis is heading up a private group to buy a majority stake in the company and will be its new CEO. 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. 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. TelevisaUnivision. But, after gracing our screens for all of two episodes, the bubbly vet was nowhere to be seen. Giant Miami-based Spanish language broadcaster. Theyre the market leader for this audience. Webinars . What wasnt expected: a major house cleaning in Univisions C-Suite. Theres no question that Univision has the scale it needs to have. See All CEO & Executives. 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. Wade Davis's net worth is $0. The agreement is one of Univisions most strategic assets, giving it exclusive access to the largest Spanish-language video library in the world. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. For fiscal 2006, company revenues were $2.026 billion. 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. 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. The latest from the Univision Sports team. This documentary-style series follows investigative journalists as they uncover the truth. Submit. 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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. Salaries posted anonymously by Univision employees. Wade Davis - 2021 Salary & ContractWade Davis salary is $1,250,000 per year, including a $0 signing bonus. Adam Jacobson. Get the latest news, stats, videos, highlights and more about relief pitcher Wade Davis on ESPN. Wade Davis may refer to: . 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. Mexico's media giant Grupo Televisa and U.S. Spanish-language broadcaster Univision today announced they have . 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. 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. 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

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