Wade Davis led an acquisition of Univision in 2020, buying out a consortium of private-equity owners.
TelevisaUnivision, the influential producer and broadcaster of Spanish-language television, is weighing a plan to immediately replace its chief executive, Wade Davis, according to three people briefed on the plan who would speak only anonymously because the discussions are private.
The board of TelevisaUnivision is set to meet this week to consider the proposal, the people said.
Daniel Alegre, the former president and chief executive officer of Activision Blizzard, is under consideration for the chief executive role, two of the people said. Under the plan, Mr. Davis would remain a TelevisaUnivision shareholder and serve on the company’s board of directors as its vice chairman.
The change would be a stunning turn of events for TelevisaUnivision, which was created in 2022 by a merger led by Mr. Davis. With backing from giants like Google and Softbank, Mr. Davis united Univision with Televisa, its biggest supplier of programming, in a $4.8 billion deal.
Mr. Davis led an acquisition of Univision in 2020, buying out a consortium of private-equity owners who had soured on their investment. Univision had been at a crossroads, hampered by disaffection in its upper ranks and with an expensive licensing deal with Televisa.
Mr. Davis, a former chief financial officer at ViacomCBS, brought in an investor group and said he would make streaming a top priority. A native English speaker, he also pledged to learn Spanish.
After he took over, Univision acquired the Spanish-language streaming service Vix, and launched PrendeTV, an ad-supported streaming service. It was a strategy Mr. Davis was familiar with; During his tenure at Viacom, he helped the company acquire PlutoTV, a popular ad-supported streaming service. He then completed the merger with Televisa.
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