The most active traders at the company are Wade Davis. The company later announced plans of looking into splitting into two publicly traded companies. document.write(new Date().getFullYear()); Salary.com. and bought an estimated value of $107.56M worth of shares. 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. Also. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. Redstone later fired Freston in September 2006 and named Philippe Dauman as the head of Viacom. Its a powerful connection to a community that, I guarantee you, none of the other broadcast networks or cable networks havewith the possible exception of the relationship Fox News has with their audience. A Univision spokesman declined to comment on a possible sale. Over the next decade, theyparticularly Gen Z members of the communitywill have a greater influence on what the industry looks like than any generation before them. MLB pitcher who began his career with the Tampa Bay Rays in 2009. ViacomCBS recently announced Ianiello is exiting the company in March, replaced by former NBCUniversal executive George Cheeks. Univision has been privately owned since a $12.7 billion deal in 2007, The Hollywood Reporter wrote. All rights reserved. The second Viacom was the worlds ninth-largest media company in terms of revenue, and the headquarters were located at One Astor Plaza in Midtown Manhattan, New York City. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. In all seriousness, I think Wade has a unique opportunity. What is a proxy statement?A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. I write about media, entertainment and diversity. SHARE. February 25, 2020 9:03am. Opinions expressed by Forbes Contributors are their own. Wade Davis, Former Viacom CFO, And Partners Close Acquisition Of Univision Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with. Viacom Inc (VIAB) Q2 2019 Earnings Call wade davis Viacom. Former NFL Player Wade Davis is an educator and advisor on gender, race, and orientation equality, and currently the VP of Inclusion for Product at Netflix. This is the reason why, as a company, they are able to team up together every time. Get the free daily newsletter read by industry experts. 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The merger was completed in 2000, and in 2001 Viacom completed its purchase of Black Entertainment Television (BET). This reversed the Viacom/CBS merger in 1999. Of this total $1,750,000 was received as a salary, $2,825,000 was received as a bonus, $824,999 was received in stock options, $2,397,775 was awarded as stock and $29,255 came from other types of compensation. We have estimated Wade Davis's net worth , money, salary, income, and assets. As of March 2023, Viacom is estimated to have a net worth of $15 billion. I don't think it happens overnight. It's a place where Hispanics can go forinformation they can trust. Wade consulted for Google, P&G, Viacom & Bacardi. Signup for Breaking News Alerts & Newsletters. Find contact's direct phone number, email address, work history, and more. Viacom promotes Wade Davis to CFO. "When you look at earning versus expectations we grew revenue, we . New York, NY 10036. . However, the companies were to trade under the ownership of national amusements due to stagnating stock price. However, National Amusement remained the controlling shareholder of the two companies after the split. 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). 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. Wade Davis's income source is mostly from being a successful . Job, Small Viacom has promoted Wade Davis to chief financial officer, replacing Jimmy Barge. As investors circle Hispanic media giant Univision Communications, former Viacom chief financial officer and investment banker Wade Davis continues in the mix as some new names emerge. Univisions new leadership team plans to use the companys extensive platform and strong pipeline of entertainment, sports and news content to deepen its relationship with the Hispanic community, building upon its established leadership in Spanish-language media, it said. Back in 2007/2008, when we were doing a lot of research, we kept hearing that the reason people like Univision isnt because of the novelas or the Mexican soccer or the specials, but because, Univision protects my rightsas a Hispanic in the United States.. Viacom later bought VIVA media AG in 2004, the German equivalent to MTV. and Shari Redstone, Director Bloomberg Markets Americas. Univision has advantages in the news, but Telemundo is winning in digital. - Wade Davis Net Worth Stats - When is Wade Davis's birthday? The $13.7 billion deal included the assumption of the companys $1.4 billion in debt. Matt Beake, a spokesman for Liberty Global in London, told Deadline last month, This is a small investment that Liberty Global Ventures is exploring. He specified that any transaction would go through Liberty Global Ventures, the investment arm of Liberty Global. Charles E. Phillips, Jr., Director, Wade was the NFLs first LGBT inclusion consultant where he worked at the intersection of sexism, racism, and homophobia to build inclusive leadership strategies and national engagement initiatives. He was previously a media and tech investment banker. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Wade Davis. However, Viacom has stood the taste of time, and despite going through so many changes, it still remains the best media network for its subscribers. The company has generated its revenue through fees from the distribution of programming and program services. 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. Send us a tip using our annonymous form. 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. Univision is a truly wonderful collection of assets. In the last 14 years, insiders at Viacom Inc have sold an estimated value of $1.1B Save my name, email, and website in this browser for the next time I comment. Stay competitive with the world's most innovative compensation software The deal was completed on December 4, 2019. What He Should Have Said. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. Industries Let CFO Dive's free newsletter keep you informed, straight from your inbox. Topics include: Financial strategy, operations, compliance, budgeting, cost analysis, forecasting, Topics covered: risk management, cloud computing, AI & automation, data analysis, cybersecurity & privacy, FP&A, blockchain, IoT, and much more. If Wade Davis, former Viacom Employers, Survey WD. They also had one television station, WAST, in Albany, New York. Ratings suffered from shifts in the television landscape and competition from rival Telemundo. Wade Davis's largest sale order was 12,755 units , worth over Its really remarkable when you look at the competitive landscape that there is no high-quality, differentiated OTT service for this audience that is at scale. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. That it will cost him $1,000 an hour. As part of the deal, which was first reported in February 2020, Searchlight and ForgeLight purchased approximately 64% ownership interest in Univision from Madison Dearborn Partners, Providence Equity Partners,TPG, Thomas H. Lee Partners and Saban Capital Group. Family Life Wade married his long time girlfriend Katelyn Casey in 2009. Net worth of Viacom in 2022. Wade Davis Dario Acosta/Courtesy of Viacom. Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexicos Grupo Televisa announced Tuesday theyve completed the acquisition of giant Spanish-language broadcaster Univision. They have also received great support from their fans who believe in them and love what they do as a team. Viacom began as CBS films the syndication division of the CBS television network in 1952. Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. unless such ownership constitutes a significant portion of your net worth. Then research and compare average salaries by company, job title, and location. This General Release of all Claims (this "Agreement") is entered into by Wade Davis (the "Executive") and Viacom Inc. . Wade Davis usually trades in May, with the busiest year in 2019. 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 Wade Daviss firm to make purchase with Searchlight Capital, Grupo Televisa to retain 36% of Spanish-language broadcaster. In the last 4 years at Viacom Inc, Wade Davis has sold an estimated value of $3.08M worth. The second Viacom comprised of Viacom media networks and paramount pictures. 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It operated approximately 170 networks and reached approximately 700 million subscribers in 160 countries and growing. As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. 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. Former Viacom CFO Wade Davis' ForgeLight and Searchlight Capital have closed their acquisition of Univision, the two investment companies announced Tuesday. And by the way, I think if you conducted that same research today, Univision would be higher than the Catholic Church. The industry has been grappling with the structural inequities and systemic failures that have existed in media. Viacom Inc's most recent insider trade came on May 15, 2017 by 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. . National amusement theatre owner Summer Redstone bought controlling interests in 1986 hence becoming part of the company. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. But it also took full advantage of the go-go market conditions, which were prompting a range of private equity holders to expand their footprints in many sectors of the economy. Wade is a United Nations Women Global Impact Champion, a Ms. Foundation for Women board member and strategic partner to the MeToo Movement and Times Up. Joe Uva is a giant in the media . Wade is a new board member of the Ms. Foundation for Women, as well as a United Nations Women Global Impact . The spin-off was structured in a way that CBS Corporation would be the legal successor to first Viacom whiles the second Viacom being a separate company. U.S. Coronavirus Update: California Overtakes Texas As Most Infected State In Nation As America Reaches 15M Cases, Coronavirus: Movies That Have Halted Or Delayed Production Amid Outbreak, Hong Kong Filmart Postponed Due To Coronavirus Fears; Event Moves Two Weeks Before Toronto. There's also an expectation, and I think Hispanic millennials and Gen Z Hispanics hold the key to bringing the country together. So, how much is Wade Davis worth at the age of 45 years old? (BMV:TLEVISA CPO) for approximately $5.2 billion. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. We are excited to be part of this new phase of Univision. Net Worth in 2022. 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