Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. The Davis-led investor group on Tuesday said it agreed to acquire a 64 percent majority stake in Univision for an undisclosed sum. New York, Read Also: Frontera Wines Joins Sponsors for Univisions Latin Grammys. Thank you for signing up to Broadcasting & Cable. Related Company Competitors. Giant Miami-based Spanish language broadcaster. This website is not directly or indirectly affiliated, associated, or connected in any way to Major League Baseball, the National Basketball Association, the National Football League or the National Hockey League. A lot of times when people talk about in the media industry whether they have enough scale, its really around their ability to drive enough content spend. Wade Davis, Univision's new CEO, named his senior management team, bringing several well-known industry executives to the Spanish-language media company. Are you disclosing what your consortium paid for the majority stake in Univision? VP, Global Broadcast Operations of TelevisaUnivision, Inc. VP of TelevisaUnivision Mexico Networks Programming, Marketing & Research. Latest news about Wade Davis : 01/12: Transcript : Jaguar Health, Inc. - Special Call: CI. wade davis univision salary. The average Univision hourly pay ranges from approximately $24 per hour for an Intern - Hourly to $114 per hour for a Director. This documentary-style series follows investigative journalists as they uncover the truth. Broadcasting+Cable is part of Future US Inc, an international media group and leading digital publisher. Salary Score. These cookies are necessary for the website to function and cannot be switched off in our systems. 9.5. Prior to Viacom, Davis co-founded Americas Choice, Inc. where he acquired research and associated IP to build a for-profit K-12 school performance improvement solutions business. Get the latest news from Univision. Wade Davis is Chief Executive Officer and one of the owners of Univision Communications Inc. As the leading Hispanic media company in the U.S., Univision is guided by its long-standing mission to entertain, inform and empower U.S. Hispanics with news, sports and entertainment content across broadcast and cable television, audio and digital platforms. Signage at Univision's Los Angeles headquarters is seen in 2016. The announcement said Televisa will serve as an important partner to the new ownership and management team going forward. Vince Sadusky has been running Univision as CEO since Randy Falco retired at the end of 2018. By . We began the evolution of our team with the appointment of world class leaders to our board of directors to bring together skillsets and diversity that Univision has never had at the board level. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. Read what they think about their salaries on our Compensation FAQ page for , Get started with your Free Employer Profile, Sales Coordinator salaries - 40 salaries reported, Account Coordinator salaries - 30 salaries reported, Account Executive salaries - 28 salaries reported, Intern - Hourly salaries - 20 salaries reported, Marketing Manager salaries - 19 salaries reported, Vice President salaries - 17 salaries reported, Financial Analyst salaries - 16 salaries reported, Communications salaries - 12 salaries reported, National Account Coordinator salaries - 12 salaries reported, Executive Assistant salaries - 12 salaries reported, Video Editor salaries - 11 salaries reported, Traffic Coordinator salaries - 11 salaries reported, Marketing Coordinator salaries - 11 salaries reported, Associate Producer salaries - 10 salaries reported, Senior Software Engineer salaries - 9 salaries reported, Research Analyst salaries - 9 salaries reported. Subscribe for full access to The Hollywood Reporter. That year he was traded to the Kansas City Royals. We want to hear from you! Pierluigi Gazzolo was named president and chief transformation officer at Univision, I consent the use of my personal data in accordance with Future's. The financial performance of the business has never been stronger in years. Davis Board memberships include Cengage Learning, Executive Chairman of Hammerhead Navigation and the Board of Directors of Daybreak Games. Theyve done a great job of de-levering the balance sheet. About. It has this content supply agreement from Televisa, a strategic partner, and Televisa is the largest producer of Spanish-language content in the world. Sign up for THR news straight to your inbox every day. Future US, Inc. Full 7th Floor, 130 West 42nd Street, They help us to know which pages are the most and least popular and see how visitors move around the site. The group includes . 2021-2021 Free Agent PACIFIC GROVE, Calif., February 18, 2023--On the evening of February 13th, California American Water activated two new pump stations as part of our efforts to reduce reliance on the Carmel River. See All CEO & Executives. The oldest company is Fisher Communications, founded in 1910. . But, after gracing our screens for all of two episodes, the bubbly vet was nowhere to be seen. CEO of TelevisaUnivision, Inc. Bernardo Gmez Martinez. 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. Univision already has the fledgling Prende TV ad-supported streaming service which launched March 30 as a collection of 40 live streaming channels offering 10,000 hours of programming. Deportes Digest . 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. December 29, 2020 12:29pm. Media executive Wade Davis is heading up a private group to buy a majority stake in the company and will be its new CEO. In this role, he delivered total company growth across revenue, operating income, and earnings per share. As expected, Davis assumed Univisions Chief Executive chair fromVince Sadusky. Wade Davis' new investment fund just became part owner of Univision in a deal expected to close late summer with the . 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 Shakes Up Univision's C-Suite In A Major Way. Theyre the market leader for this audience. That creates an incredibly stable base from which to build and innovate on. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. February 25, 2020. The average Univision salary ranges from approximately $49,404 per year for, Univision employees attributed a compensation and benefits rating of 3.1/5 stars to their company. Send us a tip using our annonymous form. He also founded AdvancePath Academics, a technology-based provider of dropout recovery and alternative education solutions. Univision will pay $3bn in cash and $1.5bn in Univision stock, with the remainder funded by other sources. Just about any story is fair game, if a dollar sign can make its way into the article. 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. 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). The move results from last week's FCC approval of the sale of a majority stake in Univision Holdings by investment groups Searchlight Capital Partners and ForgeLight LLC; Davis founded and is CEO of the latter. Can you discuss your strategy focus for Univision, and specifically bringing the traditional broadcaster into the streaming-first space? So the management team has done a remarkable job of stabilizing the business and positioning it for growth. Signup for Breaking News Alerts & Newsletters. 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. Because we respect your right to privacy, you can choose not to allow some types of cookies. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. The information does not usually directly identify you, but it can give you a more personalised web experience. And theyve done an incredible job of refreshing their entertainment slate, with Televisa and selection productions on their own. 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 employees rate the overall compensation and benefits package 3.1/5 stars. His experience includes serving as a C-Suite Fortune 100 operator, board director, investment banker and entrepreneur. Wade Davis continues as CEO of the merged company and discussed Univision's fourth quarter 2021 results with Wall Street analysts on Friday. Any plans for Univision to revisit a potential IPO down the road? Univision abre una nueva etapa: cierra su venta, estrena nuevo jefe y planea un servicio de streaming. Now, major changes are coming to the C-Suite. 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. Can you drill down and tell us what you see standing out in Univisions asset base? Davis and Searchlight Capital Partners are expected to pay $800 million for a controlling stake in Univision. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates.
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