Deadline is a part of Penske Media Corporation. . 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 Jacobson . 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. Wade Davis, Univision's new CEO, named his senior management team, bringing several well-known industry executives to the Spanish-language media company. - Veteran media executive Wade Davis to become CEO of Univision upon closing . This will enable Televisa to pay down debt. 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. Wade Davis, Univision chief executive . 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). 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. By. Broadcasting+Cable is part of Future US Inc, an international media group and leading digital publisher. Can you drill down and tell us what you see standing out in Univisions asset base? A look at the injuries for Wade Davis, and the financial implications. Can A Pro-Deal Website Woo FCC On TEGNA Privatization OK? Im so proud of everything we have accomplished that has led us to this great outcome. 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 . 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. And to the extent we can talk about the strategy publicly, that something thats going to happen in due time. 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. TelevisaUnivision will be led by CEO Wade Davis, the former Viacom CFO who led a group that bought Univision last year. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. 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' new investment fund just became part owner of Univision in a deal expected to close late summer with the . Deportes Digest . 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How much do Univision employees make? 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. Jon has been business editor of Broadcasting+Cable since 2010. EVP, Chief Financial Officer of TelevisaUnivision, Inc. President of TelevisaUnivision US Local Media, General Director, Mexico Government Relations, VP of TelevisaUnivision Mexico Growth Officer. These cookies may be set through our site by our advertising partners. 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. Davis finished 4th for AL Rookie of the Year in 2010. Learn from our experts on Hispanic consumers. Davis on Tuesday discussed driving towards the streaming space with Univision, closing distribution deals and content spending. They acquired the company for $13.7 billion in 2007, beating out a rival bid from Televisa. Streamline RBR, Inc. All rights reserved. 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. AdvancePath was successfully sold to Graduation Alliance. Media executive Wade Davis is heading up a private group to buy a majority stake in the company and will be its new CEO. Wade is the second-cousin of former MLB player Jody Davis. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. 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. Wade Davis - 2021 Salary & ContractWade Davis salary is $1,250,000 per year, including a $0 signing bonus. The national average salary for a Univision Holdings, Inc. employee in the United States is $65,488 per year. He takes over the reins from Vince Sadusky, who led the company since mid-2018, when he replaced Randy Falco.. Univision will pay $3bn in cash and $1.5bn in Univision stock, with the remainder funded by other sources. Its not something were going to disclose. Wade Davis's net worth is $0. 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. 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. Signup for Breaking News Alerts & Newsletters. 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. Salary Score. Wade Davis was born in Lake Wales, Florida in September 1985. * To subscribe, you must consent to Futures privacy policy. Are there any content distribution deals up for renewal on the immediate horizon? The success of this turnaround paved the way for the merge of Viacom and CBS to create ViacomCBS. 2022: Univision Communications Inc. completed the acquisition of Content and Media Assets . So the management team has done a remarkable job of stabilizing the business and positioning it for growth. ForgeLight was founded in 2019 by Wade Davis and is an operating and investment company focused on the media and . It's a done deal. with an average yearly salary of $72,781. Visit our corporate site (opens in new tab). When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. 2023 Celebrity Net Worth / All Rights Reserved. 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. Davis founded ForgeLight last year. Login Here. 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. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. 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. 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. 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. CEO of TelevisaUnivision, Inc. Bernardo Gmez Martinez. 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. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. Univision. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. On Thursday, Univision reported revenue . 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? This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Thank you for signing up to Broadcasting & Cable. Univision Communications went private in 2007 when Haim Saban bought the company for $13.7 billion. Biography. Reports of Davis's pursuit of . . It takes less than ten minutes to set up your company page. Get our latest storiesin the feed of your favorite networks. Financial terms of the of the transaction were not disclosed. NEW YORK With the transition in power from Vince Sadusky to Wade Davis at Univision Communications in January 2021, a veteran sales . Theyre the market leader for this audience. This documentary-style series follows investigative journalists as they uncover the truth. Read Also: Frontera Wines Joins Sponsors for Univisions Latin Grammys. 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. Future US, Inc. Full 7th Floor, 130 West 42nd Street, Davis Board memberships include Cengage Learning, Executive Chairman of Hammerhead Navigation and the Board of Directors of Daybreak Games. 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. 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 . You will receive a verification email shortly. Its reflected in the success theyve had in renewing with all of their distributors. 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. 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. February 25, 2020. VP, Global Broadcast Operations of TelevisaUnivision, Inc. VP of TelevisaUnivision Mexico Networks Programming, Marketing & Research. 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. 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. Webinars . Univision employees attributed a compensation and benefits rating of 3.1/5 stars to their company. And in that private transaction, the details of the individual transactions are private. By subscribing, I agree to the Terms of Use and Privacy Policy. All Rights Reserved. . These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. Read what they think about their salaries on our Compensation FAQ page for Univision. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. But, after gracing our screens for all of two episodes, the bubbly vet was nowhere to be seen.