Login Here. Submit. It has some of the best margins of the traditional media businesses. Our talented operating team has transformed Univision to be strategically, operationally and financially stronger than it has been in years, Sadusky said. Subscribe for full access to The Hollywood Reporter. 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. 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. From 1996 to 2006 he served as an editor at Radio & Records. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. 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. Im so proud of everything we have accomplished that has led us to this great outcome. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer. Mexico's media giant Grupo Televisa and U.S. Spanish-language broadcaster Univision today announced they have . 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 . All Rights Reserved. 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. 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. All net worths are calculated using data drawn from public sources. Streamline RBR, Inc. All rights reserved. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. Televisa has a shared history with Univision dating back many years and a deep strategic relationship today. 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. 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. He was in the Royals starting rotation in 2013 but moved to the bullpen where he played in 2014. 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. 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. By . The oldest company is Fisher Communications, founded in 1910. . Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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 . Wade Davis' new investment fund just became part owner of Univision in a deal expected to close late summer with the . 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). 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 . Giant Miami-based Spanish language broadcaster. 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. Salary: $4.8 Million Date of Birth: Sep 7, 1985 (37 years old) Place of Birth . Career Earnings: Year Basic Salary NEW YORK With the transition in power from Vince Sadusky to Wade Davis at Univision Communications in January 2021, a veteran sales . Show more. That creates an incredibly stable base from which to build and innovate on. This will enable Televisa to pay down debt. Its not something were going to disclose. -. Wade Davis is officially Univision's new CEO. These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. 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.. Its one of the most profitable media businesses in the industry. Univision. By. The national average salary for a Univision Holdings, Inc. employee in the United States is $65,488 per year. 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. It has this content supply agreement from Televisa, a strategic partner, and Televisa is the largest producer of Spanish-language content in the world. 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. . 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. * To subscribe, you must consent to Futures privacy policy. CEO of TelevisaUnivision, Inc. Bernardo Gmez Martinez. 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Theyre the market leader for this audience. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 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. So the management team has done a remarkable job of stabilizing the business and positioning it for growth. Salaries posted anonymously by Univision employees. The Hollywood Reporter is a part of Penske Media Corporation. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}3.4. Univision Holdings, Inc. competitors are Entravision Communications, Nexstar Media Group, TEGNA, and more. ForgeLight was founded in 2019 by Wade Davis and is an operating and investment company focused on the media and . Salary Score. Deadline is a part of Penske Media Corporation. His experience includes serving as a C-Suite Fortune 100 operator, board director, investment banker and entrepreneur. 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. AdvancePath was successfully sold to Graduation Alliance. Because we respect your right to privacy, you can choose not to allow some types of cookies. Former Viacom Inc. CFO Wade Davis is finalizing a . Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. Wade Davis currently plays position Kansas City Royals for Kansas City Royals in Major League Baseball, the senior baseball league in the United States. 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. Any plans for Univision to revisit a potential IPO down the road? NAB: 2022 Quadrennial Review A Rerun Of Unfinished 18, Dual Screen Ubiquity: A Tale Of Todays TV Viewer. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago. Broadcasting+Cable is part of Future US Inc, an international media group and leading digital publisher. Click on the different category headings to find out more and change our default settings. Wade C Davis is Chief Executive Officer at Univision Communications Inc. See Wade C Davis's compensation, career history, education, & memberships. Read Also: Frontera Wines Joins Sponsors for Univisions Latin Grammys. 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. Sign up for THR news straight to your inbox every day. 2023 Deadline Hollywood, LLC. For fiscal 2006, company revenues were $2.026 billion. 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. Get our latest storiesin the feed of your favorite networks. 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. 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. In this role, he delivered total company growth across revenue, operating income, and earnings per share. Are there any content distribution deals up for renewal on the immediate horizon? Feb. 14, 2020 2:06 PM PT. That year he was traded to the Kansas City Royals. 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. This documentary-style series follows investigative journalists as they uncover the truth. 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 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. 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? PENELOPE THE PIG WAS THE CUTEST THING I HAD EVER SEEN. 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. Its reflected in the success theyve had in renewing with all of their distributors. 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. It takes less than ten minutes to set up your company page. 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 . They help us to know which pages are the most and least popular and see how visitors move around the site. About. Wade Davis Dario Acosta/Courtesy of Viacom. Wade Davis was born in Lake Wales, Florida in September 1985. Thailand Spent $13 Billion in Three Years to Fight Pandemic, UN Finalizes Global Deal on Marine Biodiversity Jurisdiction, Bank of Canada Risks Falling Too Far Behind Fed, Scotia Says, Feds Daly Says More Rate Hikes Likely Needed to Cool Inflation, Colombia Prices Rise Less than Forecast to a Fresh 24-Year High, Italys CDP, Macquarie Said Set to Make Telecom Italia Grid Offer, Ex-Goldman Banker Ordered to Forfeit $43.7 Million Over 1MDB Bribery Fraud, China Emphasizes Whole Nation Stance on Tech as US Curbs Bite, China Aims to Boost Grain Capacity Under New Food Security Push, The UK Is Using Drones to Prosecute Small-Boat Migrant Smugglers, Estonias Premier Faces Far-Right Test With NATO Unity at Risk, Japan Planning Steps to End South Korea Trade Rift, Yomiuri Says, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, Chinas 5% GDP Target SignalsCrackdowns Are Not Over. The lowest-paying job at Univision is an Administrative Assistant with a salary of $49,404 per year. Wade Davis, Univision's new CEO, named his senior management team, bringing several well-known industry executives to the Spanish-language media company. 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 success of this turnaround paved the way for the merge of Viacom and CBS to create ViacomCBS. Both Searchlight and Wade are wholly supportive of Univisions core mission to entertain, inform and empower Hispanic America and fully embrace the commitment and special bond we have with our audience. Deportes Digest . And in that private transaction, the details of the individual transactions are private. December 1, 2021. Thank you for signing up to Broadcasting & Cable. 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. He played in their minor league system before making his MLB debut for the Rays in 2009 where he played through the 2012 season. Webinars . Davis was previously Viacom's chief . And to the extent we can talk about the strategy publicly, that something thats going to happen in due time. wade davis univision salary. 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 . 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. 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. . 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. 2021-2021 Free Agent 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. May not be copied or duplicated without express written permission. With that, Wade Davis succeeded Vince Sadusky as Univision's CEO. Davis said he is honored to be partnering with Televisa and Searchlight to help steward Univision into this next phase. Televisa elects to maintain its existing ownership stake in support of new ownership group; Televisa's Program License Agreement with Univision remains unchanged. Browse our online application for MLB, NBA, NFL, NHL, EPL, or MLS player contracts, salaries, transactions, and more. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. Hemisphere Media Group, Platinum Equity and former Viacom CFO Wade Davis have made overtures to Univision. Univision Communications. December 29, 2020 12:29pm. On Thursday, Univision reported revenue . As expected, Davis assumed Univisions Chief Executive chair fromVince Sadusky. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . Vince Sadusky has been running Univision as CEO since Randy Falco retired at the end of 2018. Sex/Life Star Adam Demos Explains Scaled Back Role in Season 2, Lionsgate Dealmakers Michael Burns, Brian Goldsmith Extend Contracts, Jefferson White, Adeline Rudolph Join Hellboy Movie The Crooked Man, Jonathan Krisel in Talks to Direct Pokmon: Detective Pikachu Sequel, Investor Group to Acquire Majority Stake in Univision, Wade Davis to Become CEO, Women Dominate Acting Winners at First Gender-Neutral Independent Spirit Awards, Guest Column: Alec Baldwins Rust Prosecutors Should Do Their Talking in Court, Sofia Carson on Preparing to Perform With Diane Warren at the Oscars: I Still Pinch Myself, Miley Cyrus to Perform Songs From New Album on Disney+ Special Miley Cyrus Endless Summer Vacation (Backyard Sessions), Guns N Roses, Arctic Monkeys Join Elton John as Headliners of Glastonbury Festival, Novelist Julianna Baggott Launches Production Banner, Star Hairstylist Jen Atkin Reveals Must-Have Hair Tools, Tutorials and Pro Tips In New MasterClass, Rihannas Puma x Fenty Is Coming Back Heres Where You Can Still Buy Those Cult-Fave Creepers, The Best Bridesmaid Dresses for Every Budget, From Under-$100 Gowns to Hollywood-Inspired Classics, BTS Army: Heres When and Where Legos Dynamite-Inspired Set Arrives Online and In Stores, The Big Lebowski Turns 25: People Didnt Get It, Jeff Bridges Recalls, How the Landscape of Native-Led Stories Has Changed Between Avatars: Were Flexing Our Sovereignty, The Definitive Voice of Entertainment News. 2022: Transcript : Tikehau Capital, H1 2022 Earnings Call, Jul 28, 2022 . 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. And theyve done an incredible job of refreshing their entertainment slate, with Televisa and selection productions on their own. 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. Univision abre una nueva etapa: cierra su venta, estrena nuevo jefe y planea un servicio de streaming. The smarter way to stay on top of broadcasting and cable industry. 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. 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. Davis founded ForgeLight last year. wade davis univision salary. Liked by Wade Davis. We welcome all corrections and feedback using the button below. Wade Davis. 9.5. 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 Univision's C-Suite In A Major Way. . Signup for Breaking News Alerts & Newsletters. . Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Wade Davis may refer to: . All information these cookies collect is aggregated and therefore anonymous. Now, major changes are coming to the C-Suite. How much do Univision employees make? 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. Searchlight Capital Partners and ForgeLight to Acquire Majority Stake in Univision. He takes over the reins from Vince Sadusky, who led the company since mid-2018, when he replaced Randy Falco.. On December 29, Searchlight III UTDandForgeLights acquisition of a majority stake ofUnivision Holdingsformally closed. Wade is the second-cousin of former MLB player Jody Davis. Wade Davis. An IPO isnt something we plan for; its not something the company particularly needs. 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. A look at the injuries for Wade Davis, and the financial implications. 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.. How much do Univision employees make? Isgho Votre ducation notre priorit . All Rights Reserved. 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 . 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. Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. 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. 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 y Televisa juntarn sus contenidos para crear el mayor conglomerado de medios en espaol When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. All Rights Reserved |, Vince Sadusky, who led the company since mid-2018, Eli Velzquez tapped to lead Telemundo Deportes, Maclovio Perez joins KAVU as chief meteorologist, Lorena Incln returns to Miami as reporter for NBC6 and Telemundo51, Elizabeth Valds retires from Telemundo network, Linda Guerrero joins Americano Media as anchor. Theyve done a great job of de-levering the balance sheet.