A shakeup has taken place among high-ranking executives at Viacom, with The Hollywood Reporter’s Live Feed reporting that Kevin Kay is out after more than 20 years with the company.
THR notes that Kay “was hand-picked to oversee Paramount Network during its rebranding as a general entertainment destination from Spike.” The report notes that Kay “had oversight of Paramount Network and added niche networks TV Land and CMT in February 2017 as part of Viacom CEO Bob Bakish’s larger restructuring.”
Bakish informed staff in a memo Thursday that the company is restructuring its Viacom Media Networks. THR reports that Viacom is “consolidating the brand groups from five to four: Comedy Central, Paramount Network and TV Land in one; MTV, VH1, CMT and Logo in the second; BET Networks as the third; and Nickelodeon as the fourth.”
THR adds: “Kent Alterman will oversee Paramount Network, Bellator and TV Land alongside Comedy Central. MTV, VH1 and Logo president Chris McCarthy will add oversight of CMT. BET and Nickelodeon will remain as is.”
The memo from Bakish noted that a “number of senior level colleagues will be leaving.”
Kay will remain long enough to help with the transfer of power to Alterman.