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Viacom Announces Restructuring; Report Says Job Cuts Are Expected

Feb 20, 2015  •  Post A Comment

Viacom has announced a restructuring, reports our good friend Jon Lafayette at B&C.

The story says that the “Viacom Music and Entertainment Group will report to Doug Herzog. It will consist of MTV, MTV2, Logo, VH1, Comedy Central and Spike. Some of those networks had reported to Van Toffler, who announced plans to leave the company earlier this week.

“The Viacom Kids and Family Group will report to Cyma Zarghami. It will be comprised of the Nickelodeon Group channels, plus TV Land, CMT and CMT Pure Country.

“The reorganization is designed to help networks share expertise, do more cross marketing and in some case, do cross-channel programming activity.”

The story adds, “During its recent earnings call, Viacom said it would be restructuring. The restructuring is expected to include a round of job cuts.

“…[T]he move of TV Land to the Viacom Kids and Family Group will take place immediately. [As previously reported] TV Land head Larry Jones is leaving the company….[O]ther networks will transition between now and when Toffler departs in mid-April.”

To read more about the restructuring, we urge you to click here, which will take you to the original B&C story.

 

 

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