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. 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. A Broadcasting & Cable Hall of Fame honoree, Uva now runs Gull Point Advisors and is the non-executive board chair for Revolver Podcasts. Wade Davis Net Worth (2021 Update) Wade Davis and Searchlight Capital Partners. We want to hear from you! This article is more than 2 years old. 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. . | 1 p.m. Prognosis explores health, wellness, and the ways in which modern science is allowing us to live better - in both the long term, and day-to-day, Train Crash in Greece Kills Dozens, Prompts Minister to Resign, Feds Bostic Urges 5% to 5.25% Rates Into 2024 to Curb Inflation, Feds Kashkari Open-Minded on Quarter- or Half-Point March Hike, German Inflation Unexpectedly Quickens in Fresh Blow for ECB, Powerade Signs Ja Morant to Multiyear Deal to Be Its New Face, Betting on AMCs Stock Conversion Isn't as Easy as Traders Thought, Teslas Monterrey Plant Ushers In Mexicos Electric Vehicle Age, Elliott Nominates Salesforce Directors Building Pressure to Boost Profit, G42s $10 Billion Tech Fund Taps JD.com Exec for China Deals, Nigeria Third-Place Opposition Party to Sue Over Tinubu Victory, Nigeria Cash Crisis Ends 31-Months of Growth in Business Activity, Two Office Landlords Defaulting May Be Just the Beginning, Vanguard Shuts UK Financial Planning Arm Two Years After Launch, Netflix BringsStranger Thingsto the Stage in Londons West End, Bank CDs Are an Insult to Americas Savers, Poor Voters Are Losing Out in the Culture Wars, How Evangelical Voters Swung From Carter to Trump, Gina Raimondo Becomes China Player in a Job Where Her Predecessor Used to Nap, Russian Airlines Are Flying High Despite Sanctions, The NFLsTop Talent Agency Bought by Venture Investors, Women in the EU Arent Set for Equal Pay Until 2086, Santander Failed to Make Progress With Gender Pay Gap in 2022, Exxon Broke Rules With Late Reporting of Permian Methane Leak, Theres a Gap Between EV Range Estimates and Real-World Results, Another Blow to City Centers: Retail Stores Move Outward, New York City Isnt Waiting for the White House to Enforce Fair Housing, Richest Atlanta District Inches Closer to Seceding From City, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. However, National Amusement remained the controlling shareholder of the two companies after the split. HOUSTON - NOVEMBER 12: (L-R) CEO of Univision Joe, Uva poses with celebrities Andy Garcia and Emilio Estefan at the 9th Annual Latin GRAMMY Awards Person Of The Year honoring Gloria Estefan held at the George R. Brown Convention Center on November 12, 2008 in Houston, Texas. 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. We have estimated Wade Davis's net worth , money, salary, income, and assets. Signup for Breaking News Alerts & Newsletters. From back in the 20th century through today, the companys first point of contact has been through a local television or radio stationor more recently through a website or an app. Viacom Inc's most recent insider trade came on May 15, 2017 by Wade is a United Nations Women Global Impact Champion, a Ms . solution. 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. MLB pitcher who began his career with the Tampa Bay Rays in 2009. New York, NY 10036. . Deadline is a part of Penske Media Corporation. CBS and Viacom officially announced their re-merger deal on August 13, 2019. Joe Uva is a giant in the media and advertising world. Net Worth Comparison Upcoming Birthday On August 13, 2019, the second merger between Viacom and CBS was announced, which created a combined company, ViacomCBS. View Wade Davis's business profile as Chief Executive Officer at TelevisaUnivision. Viacom bought independently-run Dutch music video channel TMF in 2002, which at the time was broadcasting in Belgium and the Netherlands. As of 2023, Wade Davis's net worth is $100,000 - $1M. 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. 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. Also. All proxy statements are public filings made available to the general public by the SEC. You, For 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. Mexicos Grupo Televisa SAB, the companys longtime partner, will retain its 36% stake in Univision. 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 . Wade Davis Dario Acosta/Courtesy of Viacom. 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(adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. 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. Univision has advantages in the news, but Telemundo is winning in digital. Malones Liberty Global had also considered joining the bidding. The systems were located in Dayton, San Francisco, Nashville, and Seattle Metropolitan areas. Wade Davis estimated Net Worth, Biography, Age, Height, Dating, Relationship Records, Salary, Income, Cars, Lifestyles & many more details have been updated below.Let's check, How Rich is Wade Davis in 2019-2020? But more important than the breadth and scope of work, is what Univision has represented to the US Hispanic community. Some of these accolades include; Best Music or Dance Program Award and Best Entertainment Presenter Host with Salman Khan in Bigg Boss Season 11. Viacom later fully acquired Showtime/the movie channel in 1985 from Warner-Amex. 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. Getty Images. This has been evident by the number of awards and nominations as well as honors they have received over the years. Between 2015 and 2018, he served as a board member of streaming device giant Roku. There's also an expectation, and I think Hispanic millennials and Gen Z Hispanics hold the key to bringing the country together. 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. By subscribing, I agree to the Terms of Use and Privacy Policy. Family Life Wade married his long time girlfriend Katelyn Casey in 2009. 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). Wade Davis owns about 42,424 units of Viacom Inc common stock. Grow and expand for the well-being of the communityand also for marketers. 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. Searchlight, with offices in New York, Toronto and London, has an investment in Hemisphere Media, a smaller, publicly-traded Spanish media group previously reported to be involved in the bidding for Univision. Wades leadership and Searchlights support are the catalysts that Univision needs to solidify its position as the leading Spanish-language media organization in the United States in light of the rapid changes that the industry is facing. Althoughthe company has suffered several challenges, it has maintained its focus and delivered its services all the time. 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. In addition, a spin-off company was created named Viacom, which was headed by Freston. 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 . 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. 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. articles a month for anyone to read, even non-subscribers! 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. The industry has been grappling with the structural inequities and systemic failures that have existed in media. I don't think it happens overnight. Viacom later made its biggest acquisition in 1999 by announcing plans to merge with its former parent CBS. Employers, Survey In February, to Bloomberg News, Davis described the market for a Spanish-language streaming service as "wide open. "I thought it was a really strong quarter for us," Davis said. This reversed the Viacom/CBS merger in 1999. 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. Wade is a new board member of the Ms. Foundation for Women, as well as a United Nations Women Global Impact . Signup for Breaking News Alerts & Newsletters. Wades leadership and Searchlights support are the catalysts that Univision needs to solidify its position as the leading Spanish-language media organization in the United States in light of the rapid changes that the industry is facing. 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