Wade Davis (I) - News - IMDb 2023 Deadline Hollywood, LLC. In this role, he delivered total company growth across revenue, operating income, and earnings per share. The latest from the Univision Sports team. Subscribe for full access to The Hollywood Reporter. May not be copied or duplicated without express written permission. Just about any story is fair game, if a dollar sign can make its way into the article. 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. Are there any content distribution deals up for renewal on the immediate horizon? Deadline is a part of Penske Media Corporation. Univision Names New Top Execs Under Wade Davis | Next TV Wade Davis Shakes Up Univision's C-Suite In A Major Way. Wade Davis Shakes Up Univision's C-Suite In A Major Way Wade Davis's net worth is $0. 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. 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. Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. NEW YORK With the transition in power from Vince Sadusky to Wade Davis at Univision Communications in January 2021, a veteran sales . Deportes Digest . 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. . Univision nears sale to investor group as challenges loom - Los Angeles These cookies may be set through our site by our advertising partners. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. Univision will pay $3bn in cash and $1.5bn in Univision stock, with the remainder funded by other sources. And to the extent we can talk about the strategy publicly, that something thats going to happen in due time. 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. Univision Sold To Investment Firm Of Former Viacom CFO Wade Davis Wade Davis Contract Details, Salaries, & Earnings | Spotrac Wade Davis (anthropologist) (born 1953), Canadian anthropologist and ethnobotanist Wade Davis (American football) (born 1977), former American football player Wade Davis (baseball) (born 1985), former baseball player Wade-Davis Bill, American legislation, vetoed by President Abraham Lincoln in 1864; Wade Davis (CEO) Univision Wade Davis. Liked by Wade Davis. 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. Davis and Searchlight Capital Partners are expected to pay $800 million for a controlling stake in Univision. The Hollywood Reporter is a part of Penske Media Corporation. Read what they think about their salaries on our Compensation FAQ page for Univision. Davis Board memberships include Cengage Learning, Executive Chairman of Hammerhead Navigation and the Board of Directors of Daybreak Games. Get the latest news from Univision. Thank you, you'll be receiving newsletter updates from us in your email inbox. Davis said he is honored to be partnering with Televisa and Searchlight to help steward Univision into this next phase. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. 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. He takes over the reins from Vince Sadusky, who led the company since mid-2018, when he replaced Randy Falco.. 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. Univision y Televisa juntarn sus contenidos para crear el mayor conglomerado de medios en espaol Who Is Univision's New CEO? | Hispanic Market Overview 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. Searchlight, ForgeLight complete majority stake purchase of Univision Does Univision have the scale it needs in todays competitive landscape, or do you envision additional M&A to get additional scale? . Its one of the most profitable media businesses in the industry. 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. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. The Davis-led investor group on Tuesday said it agreed to acquire a 64 percent majority stake in Univision for an undisclosed sum. Thank you for signing up to Broadcasting & Cable. About. Wade Davis was born in Lake Wales, Florida in September 1985. That creates an incredibly stable base from which to build and innovate on. Wade Davis - Biography - MarketScreener.com Read Also: Frontera Wines Joins Sponsors for Univisions Latin Grammys. 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. The information does not usually directly identify you, but it can give you a more personalised web experience. When you look at what the current management team has been able to accomplish in the last 18 months, its quite remarkable. Are you disclosing what your consortium paid for the majority stake in Univision? The success of this turnaround paved the way for the merge of Viacom and CBS to create ViacomCBS. Signage at Univision's Los Angeles headquarters is seen in 2016. 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. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. Theyve renewed one hundred percent of their distributor agreements, which is something that no other company in the industry can say. Our model gets smarter over time as more people share salaries on Glassdoor. Wade Davis - CEO & Director at Univision | The Org As expected, Davis assumed Univisions Chief Executive chair fromVince Sadusky. 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? 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. December 29, 2020 12:29pm. There was a problem. Viacom Ex-CFO Wade Davis to Buy Majority Stake in Univision - Bloomberg Because we respect your right to privacy, you can choose not to allow some types 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. Univision TV President Isn't Worried About Netflix's - Yahoo! Theres no question that Univision has the scale it needs to have. Streamline RBR, Inc. All rights reserved. Wade is the second-cousin of former MLB player Jody Davis. Wade Davis' new investment fund just became part owner of Univision in a deal expected to close late summer with the . 2022: TelevisaUnivision Spanish-language streaming platform ViX to launch in March: RE. 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. 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. Wade Davis. 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. We view this transaction as a strong vote of confidence by Univisions new owners in Televisas insight, creativity and its place as an undisputed leader in producing high-quality Spanish-language content targeting a dynamic and growing audience demographic., Spirit Awards: 'Everything Everywhere All At Once' Takes Best Feature, 6 Other Trophies; 'The Bear', Quinta Brunson Tops In TV - Full Winners List, Will Moviegoers Lend An Ear To Children Of The Corn Remake? 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. Get the latest news, stats, videos, highlights and more about relief pitcher Wade Davis on ESPN. Televisa-Univision Pact Paves Way for Spanish-Language - Variety 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 . 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. By. Wade Davis is officially Univision's new CEO. Wade Davis, Former Viacom CFO, And Partners Close Acquisition Of Univision Theyve done a great job of de-levering the balance sheet. It's a done deal. 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.