L to R: Alfonso de Angoitia and Wade Davis. The latest from the Univision Sports team. 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. Wade Davis may refer to: . 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 . He also founded AdvancePath Academics, a technology-based provider of dropout recovery and alternative education solutions. What wasnt expected: a major house cleaning in Univisions C-Suite. Groupo Televisa and Univision Holdings said they completed the previously announced transaction that creates TelevisaUnivision Inc., the world's biggest Spanish-language media and content company. Are there any content distribution deals up for renewal on the immediate horizon? Subscribe for full access to The Hollywood Reporter. And to the extent we can talk about the strategy publicly, that something thats going to happen in due time. 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 . Read Also: Frontera Wines Joins Sponsors for Univisions Latin Grammys. Wade Davis is officially Univision's new CEO. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}3.4. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. NAB: 2022 Quadrennial Review A Rerun Of Unfinished 18, Dual Screen Ubiquity: A Tale Of Todays TV Viewer. Univision. Univision abre una nueva etapa: cierra su venta, estrena nuevo jefe y planea un servicio de streaming. TelevisaUnivision will be led by CEO Wade Davis, the former Viacom CFO who led a group that bought Univision last year. Thats something that got to be built by the team and something that got to be owned by the team. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. Submit. Televisa has a shared history with Univision dating back many years and a deep strategic relationship today. EVP, General Counsel & Corporate Secretary of TelevisaUnivision, Inc. President, Global Platform Strategy & Revenue of TelevisaUnivision, Inc. EVP, Corporate Development, Strategy and Transformation of TelevisaUnivision, Inc. President of TelevisaUnivision US Ad Sales & Marketing. Liked by Wade Davis. Its one of the most profitable media businesses in the industry. Both Searchlight and Wade are wholly supportive of Univisions core mission to entertain, inform and empower Hispanic America and fully embrace the commitment and special bond we have with our audience. Vince Sadusky, Univision CEO, spoke of a re-energized and refocused company and said today marks the start of an exciting new chapter with partners that recognize the excellent position Univision is in.. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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ForgeLight was founded in 2019 by Wade Davis and is an operating and investment company focused on the media and . 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? . Vince Sadusky has been running Univision as CEO since Randy Falco retired at the end of 2018. 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. That year he was traded to the Kansas City Royals. Searchlight Capital Partners and ForgeLight to Acquire Majority Stake in Univision. Login Here. 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. Get the latest news from Univision. All Rights Reserved. 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. 2022: TelevisaUnivision Spanish-language streaming platform ViX to launch in March: RE. Financial terms of the of the transaction were not disclosed. December 1, 2021. 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. Wade Davis Shakes Up Univision's C-Suite In A Major Way. The context, insight and strategic content that Televisa brings to Univision have been key to the companys success., He said he has worked with Searchlight as a limited partner, board member and friend since the team founded the firm. Each of these leaders understand the need to optimize Univisions core businesses to meet its audience where they are and evolve its content, platforms and products to reach the market in new ways, Davis said. Biography. 2023 The Hollywood Reporter, LLC. Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. So from a financial point of view, an IPO isnt something the company needs or its not something were planning for. Pierluigi Gazzolo was named president and chief transformation officer at Univision, I consent the use of my personal data in accordance with Future's. 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. Televisa elects to maintain its existing ownership stake in support of new ownership group; Televisa's Program License Agreement with Univision remains unchanged. As expected, Davis assumed Univisions Chief Executive chair fromVince Sadusky. And theyve done an incredible job of refreshing their entertainment slate, with Televisa and selection productions on their own. When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Wade Davis. Theyve divested the English-language cable channels as theyve been sunset. Theyve done a great job of de-levering the balance sheet. These cookies may be set through our site by our advertising partners. Wade Davis - 2021 Salary & ContractWade Davis salary is $1,250,000 per year, including a $0 signing bonus. A look at the injuries for Wade Davis, and the financial implications. Former Viacom Inc. CFO Wade Davis is finalizing a . 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. Now, major changes are coming to the C-Suite. Wade Davis is Chief Executive Officer and one of the owners of Univision Communications Inc. As the largest Spanish-language content 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 . Prior to founding ForgeLight, Davis served as EVP & CFO for Viacom, where he played a key role in driving a turnaround of the business. . From 1996 to 2006 he served as an editor at Radio & Records. The highest-paying job at Univision is a Vice President with a salary of $325,473 per year. So you take the Televisa strategic partnership, what the business is doing on their own in news, sports and tentpoles like the Latin Grammys, and starting to produce some of their own original content, and theres no question that this business has the scale thats necessary to continue to win. 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. Im so proud of everything we have accomplished that has led us to this great outcome. What is Univision doing well now and what needs improvement? All information these cookies collect is aggregated and therefore anonymous. Davis finished 4th for AL Rookie of the Year in 2010. Wade Davis (anthropologist) (born 1953), Canadian anthropologist and ethnobotanist Wade Davis (American football) (born 1977), former American football player Wade Davis (baseball) (born 1985), former baseball player Wade-Davis Bill, American legislation, vetoed by President Abraham Lincoln in 1864; Wade Davis (CEO) Univision Davis said he is honored to be partnering with Televisa and Searchlight to help steward Univision into this next phase. 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. Happy to announce that .