NY 10036. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Isgho Votre ducation notre priorit . Signup for Breaking News Alerts & Newsletters. 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. Theyve reinvested in their news platform, theyve acquired a substantial portfolio of soccer rights, which is actually the largest portfolio of soccer rights in the U.S. and in any language. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. Its one of the most profitable media businesses in the industry. Televisa elects to maintain its existing ownership stake in support of new ownership group; Televisa's Program License Agreement with Univision remains unchanged. 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.. Former Viacom Inc. CFO Wade Davis is finalizing a . The Hollywood Reporter is a part of Penske Media Corporation. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. Also Read: Wade Davis and Searchlight Close Deal for Majority Univision Stake. Signage at Univision's Los Angeles headquarters is seen in 2016. The group includes . 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 was born in Lake Wales, Florida in September 1985. 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. TelevisaUnivision will be led by CEO Wade Davis, the former Viacom CFO who led a group that bought Univision last year. The agreement is one of Univisions most strategic assets, giving it exclusive access to the largest Spanish-language video library in the world. Wade Davis Dario Acosta/Courtesy of Viacom. Davis Board memberships include Cengage Learning, Executive Chairman of Hammerhead Navigation and the Board of Directors of Daybreak Games. Already Subscribed? 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. 2022: TelevisaUnivision Spanish-language streaming platform ViX to launch in March: RE. 2021-2021 Free Agent They are among the smartest and most value additive investors in our industry and there is no one I would rather partner with in this transaction., Televisa co-CEOs Bernardo Gomez and Alfonso de Angoitia said the companys decision to maintain its partnership and ownership stake in Univision strongly reflects our deep confidence in Searchlight and Wades leadership, as well as the continued positive outlook we have for Univision as a long-term strategic investment. This was actually a purchase and a sale of specific shares that specific shareholders have. Wade was drafted #75 by the Tampa Bay Devil Rays in the 2004 Major League Baseball Draft. He is a pitcher who bats and throws right handed. Thank you, you'll be receiving newsletter updates from us in your email inbox. 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? You will receive a verification email shortly. Hemisphere Media Group, Platinum Equity and former Viacom CFO Wade Davis have made overtures to Univision. Will His AI Plans Be Any Different? As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year, he talked to The Hollywood Reporter about his plans to capitalize on the fast-growing Latino demo in the news, sports, entertainment and music spaces. Can A Pro-Deal Website Woo FCC On TEGNA Privatization OK? Televisas crucial program license agreement with Univision will remain in effect and will not expire unless Televisa voluntarily sells down a substantial portion of its ownership stake, at which point the agreement would still remain in place for an additional seven and a half year years. Our talented operating team has transformed Univision to be strategically, operationally and financially stronger than it has been in years, Sadusky said. -. NEW YORK With the transition in power from Vince Sadusky to Wade Davis at Univision Communications in January 2021, a veteran sales . AdvancePath was successfully sold to Graduation Alliance. Are you disclosing what your consortium paid for the majority stake in Univision? All Rights Reserved. Theyve done a great job of de-levering the balance sheet. Apache/2.4.54 (Debian) Server at portada-online.com Port 80 Wade Davis's net worth is $0. Use of any marks, trademarks, or logos on this website shall not constitute a sponsorship or endorsement by the trademark holder. Its not something were going to disclose. 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 . 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. Learn from our experts on Hispanic consumers. Broadcasting+Cable is part of Future US Inc, an international media group and leading digital publisher. Davis and Searchlight Capital Partners are expected to pay $800 million for a controlling stake in Univision. 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Submit a correction suggestion and help us fix it. Davis finished 4th for AL Rookie of the Year in 2010. And theyve done an incredible job of refreshing their entertainment slate, with Televisa and selection productions on their own. May not be copied or duplicated without express written permission. 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. These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. Previously he was a Board Observer on the Board of Directors of Roku, the rotational Chairman of the Rhapsody/Napster Board and on the Board of Viacom18 India. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. Wade Davis. NAB: 2022 Quadrennial Review A Rerun Of Unfinished 18, Dual Screen Ubiquity: A Tale Of Todays TV Viewer. 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. Musk Made a Mess at Twitter. Davis was previously Viacom's chief . Adam Jacobson . Show more. 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 . - Veteran media executive Wade Davis to become CEO of Univision upon closing . 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 . 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. Theres no question that Univision has the scale it needs to have. When you look at what the current management team has been able to accomplish in the last 18 months, its quite remarkable, the exec said as he then looked beyond when the transaction is completed later this year to his strategic vision for the Miami-based Spanish-language media outlet. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago. Univision Miami to Host Miami-Dade County Mayoral Debate With Top Candidates Facing Off in Multi-Media Event Tonight at 5pm on Univision 23 y Radio. Webinars . Univision Holdings, Inc. Salaries. PENELOPE THE PIG WAS THE CUTEST THING I HAD EVER SEEN. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Co-CEO of TelevisaUnivision Mexico . Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. December 29, 2020 12:29pm. 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. Financial terms of the of the transaction were not disclosed.