TelevisaUnivision is going to have a new boss in the morning. In a move that surprised some and seemed only a matter of time to others, Wade Davis is out as CEO and Daniel Alegre is taking over the Spanish-language media empire beginning September 19.
The announcement of the ex-Activision Blizzard president and COO as the new top dog came late Wednesday, mere hours after a New York Times article that posited the former Viacom CFO was in his last days running the joint.
Davis created the company in 2022 by merging Univision and Mexico’s sprawling Grupo Televisa. But nearly four years after coming on board to lead Univision, Davis’s departure has been in the cards for a while with a variety of succession plans in the works, the company says and sources confirm.
And the process seems to have accelerated in recent weeks — significantly. While out as CEO, Davis will continue at the company as Vice Chairman of the Board of Directors and on the Board’s executive committee.
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