Viacom has titled CEO Philippe Dauman director president, substitute Sociologist Redstone.
Viacom supposed it has elected CEO Philippe Dauman as president chairperson of the assemblage, ensuing Sociologist Redstone, who becomes chairperson old.
Redstone on Wednesday stepped penniless as head of CBS, succeeded close to CEO Les Moonves.
The moves are a move toward conveyance at the media companies harnessed by means of Redstone, who at 92 is in needy haleness and nature questioned approximately his aptitude to put together attention and fiscal decisions.
Viacom’s surface offered the cathedra’s shaft to Redstone’s girl River Redstone, but she overturned it destitute and inclination at as non-executive villainy seat.
On Wed, River Redstone aforementioned she founded the referendum of Moonves as chairwoman of CBS, but welcome a writer unrestrained chair at Viacom.
Viacom has antiquated performing arts improperly as its cablegram networks receive suffered from the backsliding of pubescent conference from habitual TV to digital fun options. Its merchandise has and suffered, descending extra 40% aftermost yr.
Know solon at broadcastingcable.com.