CBS and Viacom Agree on Management Structure for Combined Company

Aug 2, 2019  •  Post A Comment

In a sign that the reunification of CBS and Viacom is moving forward, the two companies agreed on an executive structure for a combined company, Variety reports.

“The agreement remains fluid, according to people familiar with the situation, but calls for Viacom CEO Bob Bakish to take the reins of a combined Viacom and CBS, with Joe Ianniello, acting CEO of CBS Corp., being offered a position overseeing all of the CBS-branded assets at a newly merged concern,” Variety reports, adding: “Christina Spade, CBS’ chief financial officer, could become the CFO of the new company, these people said.”

Variety also notes: “The two companies have been grappling with these details for weeks, trying to determine a final structure that would keep several top executives in place. Wade Davis, the CFO of Viacom who holds larger responsibilities, is likely to depart as the companies are contemplating not having a chief operating officer role.”

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