Wade Davis Dario Acosta/Courtesy of Viacom. Davis earned a dual BA degree, with honors, in Economics & Philosophy from Williams College. 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. - Veteran media executive Wade Davis to become CEO of Univision upon closing . 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? When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. 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. Davis and Searchlight Capital Partners are expected to pay $800 million for a controlling stake in Univision. They acquired the company for $13.7 billion in 2007, beating out a rival bid from Televisa. About. with an average yearly salary of $72,781. 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. 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 . Read what they think about their salaries on our Compensation FAQ page for Univision. 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. 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 Holdings, Inc. Salaries. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}3.4. For fiscal 2006, company revenues were $2.026 billion. The average Univision hourly pay ranges from approximately $24 per hour for an Intern - Hourly to $114 per hour for a Director. 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. Davis finished 4th for AL Rookie of the Year in 2010. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. You will receive a verification email shortly. And thats back to whats so unique about this business. VP, Global Broadcast Operations of TelevisaUnivision, Inc. VP of TelevisaUnivision Mexico Networks Programming, Marketing & Research. Does Univision have the scale it needs in todays competitive landscape, or do you envision additional M&A to get additional scale? We want to hear from you! The information does not usually directly identify you, but it can give you a more personalised web experience. The group includes . Theyve done a great job of de-levering the balance sheet. . Reports of Davis's pursuit of . Broadcasting+Cable is part of Future US Inc, an international media group and leading digital publisher. Get our latest storiesin the feed of your favorite networks. Career Earnings: Year Basic Salary Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. Financial terms of the of the transaction were not disclosed. Submit. . Steve Mandala. 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. NEW YORK With the transition in power from Vince Sadusky to Wade Davis at Univision Communications in January 2021, a veteran sales . The financial performance of the business has never been stronger in years. He also founded AdvancePath Academics, a technology-based provider of dropout recovery and alternative education solutions. Can you drill down and tell us what you see standing out in Univisions asset base? By Jill Goldsmith. And theyve done an incredible job of refreshing their entertainment slate, with Televisa and selection productions on their own. 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. Davis was previously Viacom's chief . Univisions former chief legal and corporate affairs officer Jonathan Schwartz, president of distribution Henry Ahn, and president of ad sales and marketing Steve Mandala are leaving the company. He is a pitcher who bats and throws right handed. Univision abre una nueva etapa: cierra su venta, estrena nuevo jefe y planea un servicio de streaming. Vince Sadusky has been running Univision as CEO since Randy Falco retired at the end of 2018. Visit our corporate site (opens in new tab). 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. The lowest-paying job at Univision is an Administrative Assistant with a salary of $49,404 per year. Salary Score. Since closing that deal, Davis has hired more than 500 people and made . 2023 The Hollywood Reporter, LLC. Theyve refocused the business on the core audience. 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. His experience includes serving as a C-Suite Fortune 100 operator, board director, investment banker and entrepreneur. What wasnt expected: a major house cleaning in Univisions C-Suite. What is Univision doing well now and what needs improvement? Giant Miami-based Spanish language broadcaster Univision is being acquired by two private investment firms, ForgeLight and Searchlight Capital Partners, and will enter a new era led by Wade Davis Are you disclosing what your consortium paid for the majority stake in Univision? December 29, 2020 12:29pm. wade davis univision salary. It's a done deal. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. 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. Univision y Televisa juntarn sus contenidos para crear el mayor conglomerado de medios en espaol 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. Thank you for signing up to Broadcasting & Cable. The agreement is one of Univisions most strategic assets, giving it exclusive access to the largest Spanish-language video library in the world. Davis said he is honored to be partnering with Televisa and Searchlight to help steward Univision into this next phase. 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. 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. Wade Davis, Univision chief executive . religious interview questions and answers sharleen spiteri ashley heath. 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 . L to R: Alfonso de Angoitia and Wade Davis. Wade Davis was born in Lake Wales, Florida in September 1985. Through the 2014 season Davis has a record of 45 35 with 564 strikeouts and an ERA of 3.91. 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. The smarter way to stay on top of broadcasting and cable industry. 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. The announcement said Televisa will serve as an important partner to the new ownership and management team going forward. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. Feb. 14, 2020 2:06 PM PT. Thats something that got to be built by the team and something that got to be owned by the team. Wade Davis Shakes Up Univision's C-Suite In A Major Way. Wade Davis' new investment fund just became part owner of Univision in a deal expected to close late summer with the . By . Deadline is a part of Penske Media Corporation. Davis founded ForgeLight last year. Former Viacom Inc. CFO Wade Davis is finalizing a . Salaries posted anonymously by Univision employees. Televisa elects to maintain its existing ownership stake in support of new ownership group; Televisa's Program License Agreement with Univision remains unchanged. Continuing a . Signage at Univision's Los Angeles headquarters is seen in 2016. Already Subscribed? That year he was traded to the Kansas City Royals. Show more. Its not because were trying to be evasive about it. 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. Im so proud of everything we have accomplished that has led us to this great outcome. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. 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. And if you go back to the asset base that I just described, its an incredible setup to be able to take advantage of what is a very wide open competitive landscape and a huge market opportunity. Adam Jacobson . Mexico's media giant Grupo Televisa and U.S. Spanish-language broadcaster Univision today announced they have . 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. 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. This documentary-style series follows investigative journalists as they uncover the truth. So from a financial point of view, an IPO isnt something the company needs or its not something were planning for. 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. Will His AI Plans Be Any Different? It has this content supply agreement from Televisa, a strategic partner, and Televisa is the largest producer of Spanish-language content in the world. Click on the different category headings to find out more and change our default settings. 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. Theres no question that Univision has the scale it needs to have. 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. All information these cookies collect is aggregated and therefore anonymous. 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. 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 . Univision employees attributed a compensation and benefits rating of 3.1/5 stars to their company. It has some of the best margins of the traditional media businesses. Send us a tip using our annonymous form. 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. Wade Davis - 2021 Salary & ContractWade Davis salary is $1,250,000 per year, including a $0 signing bonus. Can A Pro-Deal Website Woo FCC On TEGNA Privatization OK? 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. As part of the acquisition, ForgeLight Chief Executive and founder Wade Davis will become CEO of Univision at the closing of the deal, Univision said. 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. Adam Jacobson. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. Because we respect your right to privacy, you can choose not to allow some types of cookies. 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. Signup for Breaking News Alerts & Newsletters. 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. All net worths are calculated using data drawn from public sources. Wade Davis. And its for sure the case that if you look at the competitive landscape, there is no high-quality differentiated OTT offering at scale. Wade Davis. Wade Davis continues as CEO of the merged company and discussed Univision's fourth quarter 2021 results with Wall Street analysts on Friday. 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. 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. 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. wade davis univision salary. 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. 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. Specialty Preview, Ozy Media Closes In Wake Of Founder Carlos Watson Scandal, TikTok Introduces New Feature To Limit Screen Time For Teens. Executive Chairman of TelevisaUnivision, Inc. & Co-CEO of TelevisaUnivision Mexico. On July 20, 2019, Univision rebranded its Univision Deportes Network cable channel as TUDN, as part of a collaboration with its content partner Televisa.. On February 25, 2020, investment firms ForgeLight (launched by founder & CEO & ex-Viacom CFO Wade Davis) and Searchlight Capital agreed to acquire the 64% controlling stake in the company that was held by its investment group ownership . 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, Chief Financial Officer of TelevisaUnivision, Inc. President of TelevisaUnivision US Local Media, General Director, Mexico Government Relations, VP of TelevisaUnivision Mexico Growth Officer. The oldest company is Fisher Communications, founded in 1910. . Musk Made a Mess at Twitter. Achieving our objectives will require new ways of working together, diversity of perspectives and in some cases new talent and skillsets. Deportes Digest . 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. Wade Davis. Today begins a transformation for Univision. TelevisaUnivision. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. 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. Televisa has a shared history with Univision dating back many years and a deep strategic relationship today. 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. Submit a correction suggestion and help us fix it. 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. 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.. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago. 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.. 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 employees rate the overall compensation and benefits package 3.1/5 stars. Our talented operating team has transformed Univision to be strategically, operationally and financially stronger than it has been in years, Sadusky said. A free inside look at Univision salary trends based on 1169 salaries wages for 507 jobs at Univision. 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. 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 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Wade Davis may refer to: . But, after gracing our screens for all of two episodes, the bubbly vet was nowhere to be seen. There was a problem. In this role, he delivered total company growth across revenue, operating income, and earnings per share. Sign up for THR news straight to your inbox every day. 2022: Univision Communications Inc. completed the acquisition of Content and Media Assets . By admin. 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. December 1, 2021. Theyve renewed one hundred percent of their distributor agreements, which is something that no other company in the industry can say. Wade Davis is officially Univision's new CEO. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . 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 . Its not something were going to disclose. 2021-2021 Free Agent * To subscribe, you must consent to Futures privacy policy. Our model gets smarter over time as more people share salaries on Glassdoor. ForgeLight was founded in 2019 by Wade Davis and is an operating and investment company focused on the media and . Can you discuss your strategy focus for Univision, and specifically bringing the traditional broadcaster into the streaming-first space? 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. Davis was part of a group of private-equity investors who agreed in February 2020 to buy a majority stake in Univision. Just about any story is fair game, if a dollar sign can make its way into the article. Theyre the market leader for this audience. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. CEO of TelevisaUnivision, Inc. Bernardo Gmez Martinez. They help us to know which pages are the most and least popular and see how visitors move around the site. 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. Please refresh the page and try again. 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 . It takes less than ten minutes to set up your company page. 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. Isgho Votre ducation notre priorit . The national average salary for a Univision Holdings, Inc. employee in the United States is $65,488 per year. This was actually a purchase and a sale of specific shares that specific shareholders have. All Rights Reserved. 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. 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. 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As expected, Davis assumed Univisions Chief Executive chair fromVince Sadusky. 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. The success of this turnaround paved the way for the merge of Viacom and CBS to create ViacomCBS. He takes over the reins from Vince Sadusky, who led the company since mid-2018, when he replaced Randy Falco.. The community relies on everyone sharing. Prior to founding ForgeLight, Davis served as EVP & CFO for Viacom, where he played a key role in driving a turnaround of the business. The highest-paying job at Univision is a Vice President with a salary of $325,473 per year. 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. 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wade davis univision salary