Viacom confirm demerger plans
Viacom has confirmed plans to split into CBS Corp, run by Leslie Moonves, and Viacom Inc, run by Tom Freston, with shareholders receiving half a share in each.…
Tom Freston
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Viacom considers splitting into MTV and CBS companies
Viacom boss Sumner Redstone is considering splitting the group in two, with Tom Freston leading an MTV company and Leslie Moonves a CBS company.…
MTV appoint new boss
Judith McGrath has been promoted to Chairman and Chief Executive of MTV Networks, succeeding Tom Freston, while Mark Rosenthal has resigned.…
MTV take majority stake in German rival VIVA
Viacom, owner of MTV, has acquired over three quarters of German music channel VIVA's ownership and hopes to buy the remaining stake to take complete control.…
Viacom boss took board's advice on replacing Karmazin
According to the New York Post, Sumner Redstone wanted Tom Freston to take Mel Karmazin's job outright but deferred to a governance committee that split the role with Les Moonves.…
Viacom boss quits
Viacom boss Mel Karmazin has resigned with immediate effect, and MTV's Tom Freston and CBS's Les Moonves will jointly take over the top job in the short term.…
MTV plan gay channel
MTV has confirmed plans for Logo, a gay-orientated channel in the US due to launch next February, despite opposition from the Traditional Values Coalition.…