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. Thank you for signing up to Broadcasting & Cable. Just about any story is fair game, if a dollar sign can make its way into the article. Our talented operating team has transformed Univision to be strategically, operationally and financially stronger than it has been in years, Sadusky said. The financial performance of the business has never been stronger in years. Read what they think about their salaries on our Compensation FAQ page for Univision. Can you discuss your strategy focus for Univision, and specifically bringing the traditional broadcaster into the streaming-first space? Davis founded ForgeLight last year. It's a done deal. Wade Davis may refer to: . Wade was drafted #75 by the Tampa Bay Devil Rays in the 2004 Major League Baseball Draft. Sign up below. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Wade Davis net worth: Wade Davis is an American professional baseball player who has a net worth of $5 million. Sign up for THR news straight to your inbox every day. May not be copied or duplicated without express written permission. The smarter way to stay on top of broadcasting and cable industry. Davis said he is honored to be partnering with Televisa and Searchlight to help steward Univision into this next phase. Will His AI Plans Be Any Different? Musk Made a Mess at Twitter. December 29, 2020 12:29pm. 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. 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. Does Univision have the scale it needs in todays competitive landscape, or do you envision additional M&A to get additional scale? NY 10036. Because we respect your right to privacy, you can choose not to allow some types of cookies. Signage at Univision's Los Angeles headquarters is seen in 2016. 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. Theyve done a great job of de-levering the balance sheet. 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). Thats something that got to be built by the team and something that got to be owned by the team. 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. EVP, Chief Financial Officer of TelevisaUnivision, Inc. President of TelevisaUnivision US Local Media, General Director, Mexico Government Relations, VP of TelevisaUnivision Mexico Growth Officer. He was in the Royals starting rotation in 2013 but moved to the bullpen where he played in 2014. Executive Chairman of TelevisaUnivision, Inc. & Co-CEO of TelevisaUnivision Mexico. 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. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. Are you disclosing what your consortium paid for the majority stake in Univision? with an average yearly salary of $72,781. As expected, Davis assumed Univisions Chief Executive chair fromVince Sadusky. TelevisaUnivision will be led by CEO Wade Davis, the former Viacom CFO who led a group that bought Univision last year. Its one of the most profitable media businesses in the industry. 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. * To subscribe, you must consent to Futures privacy policy. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. Submit a correction suggestion and help us fix it. And its for sure the case that if you look at the competitive landscape, there is no high-quality differentiated OTT offering at scale. 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. 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. Prior to founding ForgeLight, Davis served as EVP & CFO for Viacom, where he played a key role in driving a turnaround of the business. 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 . USPAACC to Shine Spotlight on 'Unsung Heroes' of Supplier Diversity The US Pan Asian American Chamber of Commerce Education Foundation Continue reading News From Our Partners Get the latest news, stats, videos, highlights and more about relief pitcher Wade Davis on ESPN. By subscribing, I agree to the Terms of Use and Privacy Policy. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. A free inside look at Univision salary trends based on 1169 salaries wages for 507 jobs at Univision. 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. These cookies are necessary for the website to function and cannot be switched off in our systems. Are there any content distribution deals up for renewal on the immediate horizon? Wade Davis currently plays position Kansas City Royals for Kansas City Royals in Major League Baseball, the senior baseball league in the United States. 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. . Davis was previously Viacom's chief . 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. This was actually a purchase and a sale of specific shares that specific shareholders have. Learn from our experts on Hispanic consumers. 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.. 0. The Davis-led investor group on Tuesday said it agreed to acquire a 64 percent majority stake in Univision for an undisclosed sum. 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. He also founded AdvancePath Academics, a technology-based provider of dropout recovery and alternative education solutions. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. 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. Davis earned a dual BA degree, with honors, in Economics & Philosophy from Williams College. 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. Pierluigi Gazzolo was named president and chief transformation officer at Univision, I consent the use of my personal data in accordance with Future's. About. Wade Davis, Univision chief executive . 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. Davis finished 4th for AL Rookie of the Year in 2010. ForgeLight and SearchLight, meanwhile, will buy a majority 64% ownership interest from all the other stockholders of the privately-held company. If you do not allow these cookies, you will experience less targeted advertising. AdvancePath was successfully sold to Graduation Alliance. All Rights Reserved. . And in that private transaction, the details of the individual transactions are private. Latest news about Wade Davis : 01/12: Transcript : Jaguar Health, Inc. - Special Call: CI. L to R: Alfonso de Angoitia and Wade Davis. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. Feb. 14, 2020 2:06 PM PT. 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 . Broadcasting+Cable is part of Future US Inc, an international media group and leading digital publisher. Streamline RBR, Inc. All rights reserved. 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. 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. -. Wade Davis - 2021 Salary & ContractWade Davis salary is $1,250,000 per year, including a $0 signing bonus. From 1996 to 2006 he served as an editor at Radio & Records. What wasnt expected: a major house cleaning in Univisions C-Suite. 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? The latest from the Univision Sports team. 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. All information these cookies collect is aggregated and therefore anonymous. Any plans for Univision to revisit a potential IPO down the road? Theyve refocused the business on the core audience. Show more. 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. The highest-paying job at Univision is a Vice President with a salary of $325,473 per year. 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 . 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. 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 .