Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

Exclusive: Viacom to announce executive changes - sources

Published 05/01/2017, 17:34
© Reuters. A woman exits the Viacom Inc. headquarters in New York
PARA
-

By Jessica Toonkel and Liana B. Baker

(Reuters) - Viacom Inc (O:VIAB) is expected to announce changes to its executive ranks, as new chief executive Bob Bakish seeks to turn around the ailing media company, two sources told Reuters on Wednesday.

Viacom is expected to promote Sarah Kirshbaum Levy, the chief operating officer of its Nickelodeon network, to chief operating officer of its global entertainment group, the sources said. Viacom created the group late last year to combine its international division with its music and entertainment group as well as TV Land and CMT.

© Reuters. A woman exits the Viacom Inc. headquarters in New York

Additionally, Viacom is expected to make a handful of executive cuts in its music and entertainment group, which includes cable networks Comedy Central and MTV and had been led by 25-year veteran Doug Herzog, who left the company this week, the sources said.

The sources wished to remain anonymous because they are not permitted to speak to the media.

(This story corrects day of week in first paragraph to Thursday from Wednesday.)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.