Televisaunivision goes to have a brand new boss within the morning.
In a transfer that shocked some and appeared solely a matter of time to others, Wade Davis is out as CEO and Daniel Alegre is taking up the Spanish-language media empire on September 19. The revealing of the ex-Activision Blizzard president and COO as the brand new high canine on the firm Davis created out of the 2022 merger of Univision and Mexico’s sprawling Grupo Televisa got here late Wednesday mere hours after a New York Instances article that the previous Viacom CFO was in his final days working the joint.
After practically 4 years since approaching board to steer Univision, Davis’s departure has been within the playing cards for some time with quite a lot of succession plans within the works, the corporate says and sources verify. Nonetheless, the method appears to have accelerated in current weeks — considerably.
Nonetheless, whereas out as CEO, Davis will proceed on the firm as Vice Chairman of the Board of Administrators now and on the Board’s govt committee. The continued position for Davis comes as decrease than anticipated revenues for Televisaunivision resulted in a lack of confidence within the govt from each side of the border and within the boardroom, two sources inform Deadline.
The underbelly of what went down on the high of TelevisaUnivision was unnoticed of official remarks tonight.
“In 2020 Searchlight, ForgeLight and Liberty International partnered with Grupo Televisa in our acquisition of Univision, getting down to turnaround and remodel the legacy enterprise,” Davis stated in an announcement Wednesday of the $4.8 billion deal he steered. “The success of these efforts paved the way in which for the merger with Televisa’s content material enterprise to create TelevisaUnivision – a enterprise with out comparability within the world media panorama at the moment,” the exec famous.
“Because of the efforts of our distinctive workforce, TelevisaUnivision has constantly delivered above-market income development, outperformed the U.S. and Mexican promoting markets and launched and have grown our direct-to-consumer enterprise, ViX, to grow to be the biggest devoted Spanish-language streaming service on the earth,” Davis added. “We couldn’t have picked a greater successor than Daniel, who brings an unbelievable monitor document of operational and strategic execution. He’s the best govt to take TelevisaUnivision into its subsequent part of development,” the outdated CEO stated of the brand new CEO, ex-Google exec and up till now CEO of of Yuga Labs. “The Firm’s future is vibrant, and I sit up for supporting Daniel and the TelevisaUnivision workforce in my position as Vice Chairman of the Board.”
“The media panorama is present process a profound transformation and TelevisaUnivision is strategically poised to grab new alternatives whereas staying deeply linked to the communities we serve,” the newly appointed Alegre famous.
“The U.S. and Mexico symbolize essentially the most invaluable and populous Spanish-language markets on the earth, a demographic that’s turning into extra distinguished each regionally and globally,” he additionally said. “Constructing on TelevisaUnivision’s strong basis, world content material pipeline, ongoing investments in cutting-edge applied sciences, and unmatched attain, we’re uniquely positioned to proceed serving this very important viewers. Wade and your entire TelevisaUnivision workforce have created a powerful multi-platform media enterprise with world-class high quality and breadth of leisure, information and sports activities programming. I sit up for working with our world groups and companions to construct on TelevisaUnivision’s nice historical past and take the Firm to new heights.”
The current announcement that very long time information anchor Jorge Ramos could be leaving himself on the finish of the 12 months had nothing to do with that lack of confidence by fellow board members and moneymen, I hear. Having expressed his displeasure earlier this 12 months with a number of the editorial decisions the corporate made in interviewing Donald Trump and different strikes, the formidable and now CAA-repped Ramos upcoming departure of the Univision newsman had extra to do with cash and a brand new contract, not workplace politics.
In that context, the corporate is attempting to undertaking a business-as-usual stance to the literal in a single day parachuting of Alegre into the CEO sizzling seat.
“On behalf of the Board, I’m excited to welcome Daniel to TelevisaUnivision as we embark on the following part of our strategic journey centered on additional integration and optimization,” stated Alfonso de Angoitia, Govt Chairman of TelevisaUnivision tonight.
“It’s been a really dynamic media setting, and we’re grateful for what Wade has achieved within the turnaround of Univision and the following transformative merger between Univision and Televisa’s content material enterprise to create TelevisaUnivision – the world’s main Spanish-language media and content material firm,” de Angoitia added.
“We’re proud stewards of a storied and prolific content material manufacturing facility containing the biggest Spanish language library of wealthy and iconic mental property,” the satellite tv for pc pay tv system chief went on to say. “As we glance to develop our unparalleled market place and the current investments in our linear and streaming platforms in addition to our information and sports activities merchandise, Daniel is the appropriate chief on the proper time to take the helm. His distinctive world operational expertise working within the U.S., Mexico and Latin America throughout know-how, digital platforms and leisure honed over three many years is strictly what TelevisaUnivision must drive our subsequent part.”
Televisaunivision goes to have a brand new boss within the morning.
In a transfer that shocked some and appeared solely a matter of time to others, Wade Davis is out as CEO and Daniel Alegre is taking up the Spanish-language media empire on September 19. The revealing of the ex-Activision Blizzard president and COO as the brand new high canine on the firm Davis created out of the 2022 merger of Univision and Mexico’s sprawling Grupo Televisa got here late Wednesday mere hours after a New York Instances article that the previous Viacom CFO was in his final days working the joint.
After practically 4 years since approaching board to steer Univision, Davis’s departure has been within the playing cards for some time with quite a lot of succession plans within the works, the corporate says and sources verify. Nonetheless, the method appears to have accelerated in current weeks — considerably.
Nonetheless, whereas out as CEO, Davis will proceed on the firm as Vice Chairman of the Board of Administrators now and on the Board’s govt committee. The continued position for Davis comes as decrease than anticipated revenues for Televisaunivision resulted in a lack of confidence within the govt from each side of the border and within the boardroom, two sources inform Deadline.
The underbelly of what went down on the high of TelevisaUnivision was unnoticed of official remarks tonight.
“In 2020 Searchlight, ForgeLight and Liberty International partnered with Grupo Televisa in our acquisition of Univision, getting down to turnaround and remodel the legacy enterprise,” Davis stated in an announcement Wednesday of the $4.8 billion deal he steered. “The success of these efforts paved the way in which for the merger with Televisa’s content material enterprise to create TelevisaUnivision – a enterprise with out comparability within the world media panorama at the moment,” the exec famous.
“Because of the efforts of our distinctive workforce, TelevisaUnivision has constantly delivered above-market income development, outperformed the U.S. and Mexican promoting markets and launched and have grown our direct-to-consumer enterprise, ViX, to grow to be the biggest devoted Spanish-language streaming service on the earth,” Davis added. “We couldn’t have picked a greater successor than Daniel, who brings an unbelievable monitor document of operational and strategic execution. He’s the best govt to take TelevisaUnivision into its subsequent part of development,” the outdated CEO stated of the brand new CEO, ex-Google exec and up till now CEO of of Yuga Labs. “The Firm’s future is vibrant, and I sit up for supporting Daniel and the TelevisaUnivision workforce in my position as Vice Chairman of the Board.”
“The media panorama is present process a profound transformation and TelevisaUnivision is strategically poised to grab new alternatives whereas staying deeply linked to the communities we serve,” the newly appointed Alegre famous.
“The U.S. and Mexico symbolize essentially the most invaluable and populous Spanish-language markets on the earth, a demographic that’s turning into extra distinguished each regionally and globally,” he additionally said. “Constructing on TelevisaUnivision’s strong basis, world content material pipeline, ongoing investments in cutting-edge applied sciences, and unmatched attain, we’re uniquely positioned to proceed serving this very important viewers. Wade and your entire TelevisaUnivision workforce have created a powerful multi-platform media enterprise with world-class high quality and breadth of leisure, information and sports activities programming. I sit up for working with our world groups and companions to construct on TelevisaUnivision’s nice historical past and take the Firm to new heights.”
The current announcement that very long time information anchor Jorge Ramos could be leaving himself on the finish of the 12 months had nothing to do with that lack of confidence by fellow board members and moneymen, I hear. Having expressed his displeasure earlier this 12 months with a number of the editorial decisions the corporate made in interviewing Donald Trump and different strikes, the formidable and now CAA-repped Ramos upcoming departure of the Univision newsman had extra to do with cash and a brand new contract, not workplace politics.
In that context, the corporate is attempting to undertaking a business-as-usual stance to the literal in a single day parachuting of Alegre into the CEO sizzling seat.
“On behalf of the Board, I’m excited to welcome Daniel to TelevisaUnivision as we embark on the following part of our strategic journey centered on additional integration and optimization,” stated Alfonso de Angoitia, Govt Chairman of TelevisaUnivision tonight.
“It’s been a really dynamic media setting, and we’re grateful for what Wade has achieved within the turnaround of Univision and the following transformative merger between Univision and Televisa’s content material enterprise to create TelevisaUnivision – the world’s main Spanish-language media and content material firm,” de Angoitia added.
“We’re proud stewards of a storied and prolific content material manufacturing facility containing the biggest Spanish language library of wealthy and iconic mental property,” the satellite tv for pc pay tv system chief went on to say. “As we glance to develop our unparalleled market place and the current investments in our linear and streaming platforms in addition to our information and sports activities merchandise, Daniel is the appropriate chief on the proper time to take the helm. His distinctive world operational expertise working within the U.S., Mexico and Latin America throughout know-how, digital platforms and leisure honed over three many years is strictly what TelevisaUnivision must drive our subsequent part.”
