CEO Bob Bakish has a lock on the CEO slot for the combined entity. But multiple sources familiar with the situation say it is unlikely that the company will have a corporate-level chief operating officer post as has been the tradition at bothand Viacom. The question of who would fill the No. 2 role as the merger brings together a clutch of strong division heads has emerged as politically touchy, at least in the short term.
Wade Davis, Viacom’s executive VP and chief financial officer, has essentially functioned in the role of Viacom’s COO since Bakish was promoted to CEO in December 2016. But as the management picture begins to take shape without a clear COO role there is growing speculation Davis will exit, by his own choice, after the merger is complete. Davis has been with Viacom since 2005. He was promoted to CFO in 2012.
David Nevins, chief content officer for CBS Corp. and CEO of Showtime Networks, is seen as continuing to run Showtime and play a big part in expanding the enlarged company’s suite of direct-to-consumer offerings. Nevins was given an expanded remit as chief content officer in September, when CBS management was shaken up by the ouster of chairman-CEO Leslie Moonves.
Sources stressed that questions around potential combinations of overlapping Viacom and CBS production, content and distribution and operations are among the trickiest for the boards to sort out. Bakish has assembled a team of strong brand-focused executives that are also key players in potential restructuring and consolidation scenarios.
CBS + Viacom = 'Paramount Media'
I wish that Viacom must merge CBS Corp. to form into 'Paramount Media' in this year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CBS and Viacom could finally announce a tie-upCBS and Viacom could finally announce a tie-up, allowing them to better compete as cord-cutting worsens and streaming wars reach their peak
Source: BusinessInsider - 🏆 729. / 51 Read more »
Shari Redstone’s Vision of a Merged CBS-Viacom Begins to Take ShapeCBS’ plan to acquire Viacom for up to $15.4 billion could be announced Aug 8, giving is controlling shareholder the ability to leverage IP like 'Star Trek' across film and TV to better compete with Disney, Netflix and the rest.
Source: THR - 🏆 411. / 53 Read more »
AT&T Accuses CBS Of Trying To “Up-Sell” Pay-TV Customers To CBS All AccessAs the deadline nears in AT&T’s carriage dispute with CBS stations, the telecom giant is accusing the broadcaster of trying to “up-sell” customers to subscription streaming se… This service is terrible. Can’t watch a show on my phone or tv w/o having to reload a few times during EACH show.
Source: DEADLINE - 🏆 109. / 63 Read more »
‘Evil’: Christine Lahti Joins CBS’ Supernatural Drama Series In A RecastingEmmy winner Christine Lahti (Chicago Hope) is joining Evil, CBS’ religion-themed supernatural drama series from The Good Wife‘s Robert and Michelle King, in a recasting. It was announced by t… So glad to see her back on TV Why moving stars which lives in NY dont supported living in LA? Why actresses living in NY don't support actresses living in LA?
Source: DEADLINE - 🏆 109. / 63 Read more »
AT&T-CBS contract dispute: Some stations at risk for going darkUse a TV antenna, some 70+ Million Americans use antennas to watch their local Stations for free. Who cares, just 'Cut The Cord' and put up an antenna! Not losing anything, just saving money!
Source: USATODAY - 🏆 100. / 63 Read more »
'Big Brother' Blowout: Eviction and Comeback Shockers Give CBS Its Worst Look YetPower alliances are shifting in the house even as CBS faces its worst optics moment yet in a season filled with hints of racism and marginalization. TooFab TooFab Damm TooFab You see racism everywhere. It's sad that players in the future will have to rethink a strategy because they can't evict 2 black persons in a row... So 'it doesn't look racist'. David could've save himself, OVI had a special power (OUT) and Kemi is the worst social player ever
Source: TMZ - 🏆 379. / 59 Read more »