Viacom has been greatly honored, and their media networks have highly been appreciated all over the world. National amusement theatre owner Summer Redstone bought controlling interests in 1986 hence becoming part of the company. 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 The two companies Viacom Inc. and CBS corporation succeeded the first Viacom, and they were both owned by National Amusements, which is a theater company controlled by businessman Summer Redstone. We want to hear from you! I think Telemundo has done a remarkable job in terms of diversity of content and appealing to a younger Latinx Gen Z audience. This has been evident by the number of awards and nominations as well as honors they have received over the years. In 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain. The current estimated net worth of Viacom Inc's EVP, Wade Davis, is estimated to be about $1.65M .Wade Davis owns about 42,424 units of Viacom Inc common stock. Wade Davis usually trades in May, with the busiest year in 2019. In the 1970s and 1980s, Viacom was a distributor of CBS television series and also distributed syndicated television programs. . He won the AL Pennant with the Royals in 2014 and the World Series with the team in 2015. 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). Viacom Inc's most recent insider trade came on May 15, 2017 by 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. Get our latest storiesin the feed of your favorite networks. . You will be redirected back to your article in, AMC CEO Adam Aron Defends New Sightline Ticket Pricing, Acknowledges Substantial Change To The Status Quo For U.S. Moviegoers, AMC Entertainment Q4 Sales Dip, Losses Widen; CEO Sees 2023 Recovery But Says Shareholders Must Approve Key Cash-Raising Measures, An AI Voice That Sounds Like Ari Emanuel Will Kick Off Endeavor Earnings Call As Company Posts Solid Q4. Univision Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexico's Grupo Televisa announced Tuesday they've completed the. Univision announced plans to explore its options last summer. However, CBS Corporation retained over-the-air broadcasting, television production, pay television subscription service and publishing assets. Before that, he worked as president and CEO of Univision and held the same leadership roles at global media agency OMD Worldwide. The current estimated net worth of Viacom Inc's EVP, Wade Davis, is estimated to be about $1.65M . Mexican mass media company Televisa has retained its approximate 36% stake in Univision's fully diluted equity capital, Univision said. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 2023 Deadline Hollywood, LLC. 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 . We have estimated Wade Davis's net worth , money, salary, income, and assets. This report is not for commercial use. And the Catholic Church just barely beat the TV network. WD. There are 100+ professionals named "Wade Davis", who use LinkedIn to exchange information, ideas, and opportunities. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. Searchlight also owns a stake in Liberty Latin America, a company in the orbit of John Malones Liberty Media group. Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. Wade Davis's income source is mostly from being a successful Writer. The value finance leaders bring to operations is varied but they share a forward-looking vision. This resulted in Viacom return to operating radio stations after it originally exited the broadcast radio business in 1997. In 1983, Viacom acquired again its premium channel Showtime which later merged with the warner-AMEX movie channel. Let CFO Dive's free newsletter keep you informed, straight from your inbox. The company owns or operates 61 television stations and 58 radio stations, has a live event series and a robust digital audio footprint along with its Univision.com website and streaming service Univision Now. You may also find the annual proxy statement by going directly to the company's website. . Before joining Netflix, Wade consulted for Google, P&G, Viacom & Bacardi. 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. (Podcast). Its a huge opportunity that is completely open from a competitive standpoint.. I write about media, entertainment and diversity. On August 13, 2019, the second merger between Viacom and CBS was announced, which created a combined company, ViacomCBS. ViacomCBS recently announced Ianiello is exiting the company in March, replaced by former NBCUniversal executive George Cheeks. We are excited to be part of this new phase of Univision. Industries Davis, who spent 14 years as Viacom finance chief,replaces Vince Sadusky, who has been Univision's CEO since 2018. Their constant commitment to the Telemundo Super Series, those 10 oclock shows which have been running since back when I was there, have really helped them get to parity. 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. How to Apply for a Job During the Coronavirus Pandemic, For The sale, engineered by then-CEO Jerrold Perenchio in the middle of a bidding process that also included Televisa, was sudden and surprised Wall Street. Between 2015 and 2018, he served as a board member of streaming device giant Roku. 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. The latest entrant into the process is Searchlight Capital, a private equity firm said to be teaming up with Davis, as first reported by The Wall Street Journal. They also had one television station, WAST, in Albany, New York. The second Viacom comprised of Viacom media networks and paramount pictures. $140 per post at $7/CPM. Insider trading is most common in May, with the busiest year in 2005. Wade Davis Social Network Timeline 2015 Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. They have also received great support from their fans who believe in them and love what they do as a team. We are excited to be part of this new phase of Univision. $992.22K on May 15, 2017. What is Wade Davis's Net Worth? This reversed the Viacom/CBS merger in 1999. Its a remarkable position. Many companies rise up, become famous, and after some time, they collapse. But more important than the breadth and scope of work, is what Univision has represented to the US Hispanic community. These services include; cable television operators, direct to home satellite television operators, mobile networks, and subscription-based video on demand. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. This article is more than 2 years old. 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. The split was approved by Viacoms board on June 14, 2005, and took effect on January 1, 2006. Salaries "I thought it was a really strong quarter for us," Davis said. . 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. 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. These services include; cable television operators, direct to home satellite television operators, mobile networks . Wade Davis owns about 42,424 units of Viacom Inc common stock. And by the way, I think if you conducted that same research today, Univision would be higher than the Catholic Church. While at Viacom, Davis oversaw the acquisition of free streaming service Pluto TV. 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