TelevisaUnivision is considering replacing its CEO Wade Davis amidst private discussions, with board meetings planned to review the proposal involving the former Activision Blizzard CEO.
Mr. Davis, who led the merger that created TelevisaUnivision in 2022 with significant investor backing, would remain a shareholder and vice chairman if removed as CEO.
Under Davis’s leadership, Univision rebounded by acquiring key streaming services and prioritizing digital content, yet he's now facing challenges from internal discontent.
Having a background in strategic acquisitions, Davis's initiatives included significant investments in streaming, directly influencing Univision's shift to adapt to changing market dynamics.
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