The Board of Directors of Viacom today announced the appointment of a president and chief executive officer. Bob Bakish, who had been acting chief executive, was given the appointment, effective immediately.
Bakish also was named as a member of the Board.
The Board also used the announcement to confirm that it has discontinued the exploration of a merger between Viacom and CBS. As we reported earlier today, the Redstone family has withdrawn its support for the merger.
Please click here to read the full announcement from Viacom.