Directory List Lowercase 2.3 Big | PDF | Internet Forum . As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. Univision Communications Inc. plans to launch a streaming service this year. Send us a tip using our annonymous form. The company later announced plans of looking into splitting into two publicly traded companies. Subscribe to CFO Dive for top news, trends & analysis, The free newsletter covering the top industry headlines, Survey Reveals Top 4 Agenda Items for CFOs in 2023, Number Crunch: Nine in 10 Accountants, Auditors Struggle to Find Talent, Global Caseware Surve, B Lab Global Hires from Fair Trade USA and Walmart for Key Executive Roles, By signing up to receive our newsletter, you agree to our, Webinar Hes a former NYU and Rutgers adjunct professor, 2012 President Obama surrogate, and feminist. He is from United States. Wade Davis owns about 42,424 units of Viacom Inc common stock. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). Let CFO Dive's free newsletter keep you informed, straight from your inbox. If Wade Davis, former Viacom As of 2023, Wade Davis's net worth is $100,000 - $1M. Use of Data / DisclaimerThe information shown here is a reporting of information included in the company's proxy statement. That it will cost him $1,000 an hour. Viacom operated several cable television systems from its formation in 1995. A planned initial public offering in 2015 was scratched. Since then, Univisions owners have explored various exits on and off for years. Univision has had a rocky road since going private in 2006. and bought an estimated value of $107.56M worth of shares. Viacom was later renamed CBS Corporation, thus restoring its pre-merger name. Wade Davis's largest purchase order was 28,710 units , worth over Wade is a new board member of the Ms. Foundation for Women, as well as a United Nations Women Global Impact . articles a month for anyone to read, even non-subscribers! (Podcast). The latest entrant into the process is Searchlight Capital, a private equity firm said to be teaming up with Davis, as first reported by The Wall Street Journal. Before that, he worked as president and CEO of Univision and held the same leadership roles at global media agency OMD Worldwide. $200 per post at $10/CPM. This reversed the Viacom/CBS merger in 1999. NYC Wade Davis 2016. Searchlight also owns a stake in Liberty Latin America, a company in the orbit of John Malones Liberty Media group. (Photo by Rodrigo Varela/WireImage). So, how much is Wade Davis worth at the age of 45 years old? - Wade Davis Net Worth Stats - When is Wade Davis's birthday? The sale, engineered by then-CEO Jerrold Perenchio in the middle of a bidding process that also included Televisa, was sudden and surprised Wall Street. and Shari Redstone, Director Jobs Wade Davis Net Worth His net worth has been growing significantly in 2021-2022. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. Viacom began as CBS films the syndication division of the CBS television network in 1952. Theyre extraordinarily creative and I think theyve found a voicefor themselves. So, how much is Wade Davis worth at the age of 69 years old? ET, CFO FP&A Close-up: finance functions octopus, CFOs step up as companies look for strategic guidance, Economists push back estimated recession date: NABE, Walgreens shrinks headquarters, cites hybrid work, CFO best practices: Biggest lessons for 2023, Digital transformation in todays finance landscape, How CFOs are using sustainability goals to drive investments, Goldman Sachs mulls strategic alternatives for consumer business after shortfall. . Wades leadership and Searchlights support are the catalysts that Univision needs to solidify its position as the leading Spanish-language media organization in the United States in light of the rapid changes that the industry is facing. Its a huge opportunity that is completely open from a competitive standpoint.. All Rights Reserved. Its a remarkable position. Eva Marcille Wade Davis has been appointed Chief Financial Officer of Viacom Inc. (NASDAQ: VIAB, VIA),announced by Thomas E. Dooley, Viacom s Chief Operating Officer.Mr. The company has generated its revenue through fees from the distribution of programming and program services. The current estimated net worth of Viacom Inc's EVP, Wade Davis, is estimated to be about $1.65M . The systems were located in Dayton, San Francisco, Nashville, and Seattle Metropolitan areas. Net worth of Viacom in 2022. February 25, 2020 9:03am. Their constant commitment to the Telemundo Super Series, those 10 oclock shows which have been running since back when I was there, have really helped them get to parity. Former Viacom CFO new CEO at Univision Published Jan. 4, 2021 Jane Thier Courtesy of Univision 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. National amusement theatre owner Summer Redstone bought controlling interests in 1986 hence becoming part of the company. Univision announced plans to explore its options last summer. "Televisa's strategic insight and global content leadership, coupled with Searchlight's tremendous experience as a long-term media investor, will help us fully realize Univision's potential as the leading Hispanic content company in the United States. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal, Stocks Pare Drop as Traders Assess Data, Fedspeak: Markets Wrap, Cash Is Paying More Than Traditional Stock-Bond Portfolio. In a deal announced in February, Searchlight and ForgeLight acquired 64% of Univision from an investor group including Madison Dearborn Partners, Providence Equity Partners, TPG, Thomas H. Lee Partners and Saban Capital Group. $4.8 Million Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. solution. Wade Davis. I think Telemundo has done a remarkable job in terms of diversity of content and appealing to a younger Latinx Gen Z audience. Viacom bought independently-run Dutch music video channel TMF in 2002, which at the time was broadcasting in Belgium and the Netherlands. Find out what you should earn with a customized salary estimate and negotiate with confidence. 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 broadcaster or take it public. Wade Davis was born in Lake Wales, Florida in September. The split was approved by Viacoms board on June 14, 2005, and took effect on January 1, 2006. These services include; cable television operators, direct to home satellite television operators, mobile networks, and subscription-based video on demand. Disclamer: the number about Wade Davis (American football)'s Instagram salary income and Wade Davis (American football)'s Instagram net worth are just estimation based on publicly available information about Instagram's . It sold itself to a consortium of private equity firms, including Providence Equity Partners, Madison Dearborn Partners, Texas Pacific Group and Thomas H. Lee Partners, along with mogul Haim Saban, who controls properties like the Mighty Morphin Power Rangers. This article is more than 2 years old. However, the companies were to trade under the ownership of national amusements due to stagnating stock price. Univision Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexico's Grupo Televisa announced Tuesday they've completed the. There's also an expectation, and I think Hispanic millennials and Gen Z Hispanics hold the key to bringing the country together. Sign up for Deadline's Newsletter. Mexican mass media company Televisa has retained its approximate 36% stake in Univision's fully diluted equity capital, Univision said. Viacom promotes Wade Davis to CFO. And by the way, I think if you conducted that same research today, Univision would be higher than the Catholic Church. Wade Davis Net Worth (2021 Update) Wade Davis and Searchlight Capital Partners. Sumner M Redstone, Director, In addition, a spin-off company was created named Viacom, which was headed by Freston. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. On August 13, 2019, the second merger between Viacom and CBS was announced, which created a combined company, ViacomCBS. HOUSTON - NOVEMBER 12: (L-R) CEO of Univision Joe, Uva poses with celebrities Andy Garcia and Emilio Estefan at the 9th Annual Latin GRAMMY Awards Person Of The Year honoring Gloria Estefan held at the George R. Brown Convention Center on November 12, 2008 in Houston, Texas. Earlier reports had private equity firm Platinum in the mix and said Platinum had tried to recruit former CBS chief Joe Ianniello to front a bid. 2020. Warren Buffetts Letter Ducked Some Big Issues. You're absolutely right. By subscribing, I agree to the Terms of Use and Privacy Policy. These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. A former national surrogate for President Obama, Wade has been an Adjunct Professor at both the NYU School of Professional Studies Tisch Institute for Sports Management, Media, and Business and the Rutgers University School of Public Affairs and Administration. Get our latest storiesin the feed of your favorite networks. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. Those are bubbling up to the forefront. Mr. Davis joined Viacom in December 2005 as Senior Vice President of Mergers and Acquisitions and assumed the additional duties of Strategic Planning and Corporate Development in 2009. He was previously a media and tech investment banker. Viacom Net Worth. Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! The company owns or operates 61 television stations and 58 radio stations, has a live event series and a robust digital audio footprint along with its Univision.com website and streaming service Univision Now. Family Life Wade married his long time girlfriend Katelyn Casey in 2009. This interview has been edited for brevity and clarity. 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