And the Catholic Church just barely beat the TV network. This resulted in Viacom return to operating radio stations after it originally exited the broadcast radio business in 1997. All proxy statements are public filings made available to the general public by the SEC. Wade Davis's largest purchase order was 28,710 units , worth over 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. A Univision spokesman declined to comment on a possible sale. As of March 2023, Viacom is estimated to have a net worth of $15 billion. We are looking forward to an even closer collaboration with Univision to help it implement the many transformational initiatives that Wade has set out to achieve, said Televisa co-CEOs, Bernardo Gomez and Alfonso de Angoitia. The systems were located in Dayton, San Francisco, Nashville, and Seattle Metropolitan areas. 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. He is from Canada. Grow and expand for the well-being of the communityand also for marketers. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. You may also find the annual proxy statement by going directly to the company's website. In 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. Wade Davis. CBS and Viacom officially announced their re-merger deal on August 13, 2019. Send us a tip using our annonymous form. Wade consulted for Google, P&G, Viacom & Bacardi. That's a lot of trust. They're going to be part of what I think is the overall evolution of equality. The split was approved by Viacoms board on June 14, 2005, and took effect on January 1, 2006. I don't think it happens overnight. Send us a tip using our annonymous form. In the last 14 years, insiders at Viacom Inc have sold an estimated value of $1.1B We want to hear from you! It's a place where Hispanics can go forinformation they can trust. 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. So, how much is Wade Davis worth at the age of 69 years old? At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. Catalog, Find a 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. $992.22K . The $13.7 billion deal included the assumption of the companys $1.4 billion in debt. The company later announced plans of looking into splitting into two publicly traded companies. This article is more than 2 years old. Why? Find out what you should earn with a customized salary estimate and negotiate with confidence. 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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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. What He Should Have Said. The merger was completed in 2000, and in 2001 Viacom completed its purchase of Black Entertainment Television (BET). Its a huge opportunity that is completely open from a competitive standpoint.. 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. 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. | 1 p.m. The deal was completed on December 4, 2019. All rights reserved. Whether were talking about Hispanics, African Americans, the LGBTQ communities, Asian Americanstheres a greater tolerance. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Viacom later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. Southwest Airlines, +4 more That it will cost him $1,000 an hour. Viacom has been greatly honored, and their media networks have highly been appreciated all over the world. and bought an estimated value of $107.56M worth of shares. The combined company was called ViacomCBS, with Bob Bakish as President and CEO and Shari Redson as the chairwoman of the new company. Wade Davis who bought, In the last 14 years, insiders at Viacom Inc have sold an estimated value of, Mailing address is Viacom Inc. 1515 Broadway New York NY 10036 NY. "When you look at earning versus expectations we grew revenue, we . Davis will be CEO. We are looking forward to an even closer collaboration with Univision to help it implement the many transformational initiatives that Wade has set out to achieve, said Televisa co-CEOs, Bernardo Gomez and Alfonso de Angoitia. 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. Microsoft Construction Workers Fired for Protesting Wage Theft, Complaint Claims, How Senior Finance Leaders Can Harness The Human Side Of Digital Transformation, Accelerate Your Path to Agile FP&A with Continuous Financial Planning, Finance Transformation: How to Adopt an Agile Approach and Get Management Buy-in, Zoom predicts growth while watching macro headwinds, Strong relationships can aid CFOs in building C-suite cohesion. and Shari Redstone, Director Wade Davis. We are excited to be part of this new phase of Univision. Betweenintergenerational differences and specific skillsets, CFOs need to get a handle on how FP&A execs operate. Get our latest storiesin the feed of your favorite networks. They not only understand the tastes of the community, they're the tastemakers. The most active traders at the company are Family Life Wade married his long time girlfriend Katelyn Casey in 2009. Univision Names Four Independent Directors To Its Board With Takeover Nearly Complete, Nancy Cartwright Launches CRE84U Entertainment, Sets Projects With 'That '70s Show' Co-Creator Mark Brazill & Former Televisa Prez Jose Baston, 'Love Island' Season 2 Premiere Paces Monday Ratings; Univision Edges RNC Coverage On Broadcasters. I write about media, entertainment and diversity. (Podcast). View Wade Davis's business profile as Chief Executive Officer at TelevisaUnivision. WD. We want to hear from you! Directory List Lowercase 2.3 Big | PDF | Internet Forum . Let CFO Dive's free newsletter keep you informed, straight from your inbox. 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 . (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. Its a huge opportunity that is completely open from a competitive standpoint.. My advice to Wade would be to leverage that as much as he can. 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. Viacom operated several cable television systems from its formation in 1995. There are 100+ professionals named "Wade Davis", who use LinkedIn to exchange information, ideas, and opportunities. This report is not for commercial use. Salaries ET, CFO FP&A Close-up: finance functions octopus, CFOs step up as companies look for strategic guidance, Economists push back estimated recession date: NABE, Walgreens shrinks headquarters, cites hybrid work, CFO best practices: Biggest lessons for 2023, Digital transformation in todays finance landscape, How CFOs are using sustainability goals to drive investments, Goldman Sachs mulls strategic alternatives for consumer business after shortfall. Get the free daily newsletter read by industry experts. 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 current estimated net worth of Viacom Inc's EVP, Wade Davis, is estimated to be about $1.65M . Univision has been privately owned since a $12.7 billion deal in 2007, The Hollywood Reporter wrote. 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