Les Moonves

Bakish ‘set for interim Viacom CEO role’

Viacom’s international president and CEO, Bob Bakish, is set to be named interim chief executive of the wider business as the possibility of a merger with CBS is explored. Bloomberg cited unnamed sources as saying Viacom International Media Networks boss Bakish was “close” to landing the post. Current interim CEO Tom Dooley is leaving the […]

CBS rehires exec to launch unscripted studios unit

CBS has re-hired Ghen Maynard for the second time, this time to launch an unscripted division at its television studios arm. Maynard has been named senior executive VP, alternative programming at CBS Television Studios, reporting to president David Stapf. The new post will see him establishing an alternative department, though CBS TV Studios is already […]

Viacom, CBS explore merger

Viacom and CBS have formed special committees to explore combining the two companies. National Amusements, which owns controlling stakes in both firms, last week urged the pair to look at merging. Viacom responded by forming a special committee that comprises independent directors Thomas May and Nicole Seligman, who will act as co-chairs, and Kenneth Lerer, […]

Redstones push for Viacom-CBS merger

The majority shareholder of Viacom and CBS has urged the US media giants to re-merge. National Amusements has sent an open letter to CBS Corp. chairman, president and CEO Les Mooves (pictured) and the Viacom board of requesting they “explore a potential combination”. CBS and Viacom operated as one company between 1999 and December 2005, […]

TBI DISTRIBUTOR SURVEY 2016: SVOD boom, stacking issues?

Netflix and its streaming counterparts have shaken up the traditional TV market in an unprecedented manner. For the free TV players Netflix is a viewing threat and rival for the best programming, for pay TV it is both these and a cord-cutting threat. For distributors SVOD is clearly a boon. Last week CBS boss Les […]

CBS CEO: Netflix ‘is not eating the world’

Netflix is not “eating the world” and has helped to drive up the price of premium content, according to CBS president and CEO Les Moonves. Speaking at Goldman Sachs’ 25th Annual Communacopia Conference in New York this week, Moonves pinpointed over-the-top as one of four core pillars of future growth for the company and said […]

Viacom ‘will keep Paramount’

Viacom is no longer looking actively to sell as stake in Paramount Pictures, according to a report by Bloomberg. According to the news agency, citing unnamed sources, Viacom has decided that the movie studio is a key asset and has pulled back from the idea of a sale. Viacom hired PJT Partners to look into […]

CBS ups Lanzone to top digital post

US broadcaster CBS has promoted the CEO of its interactive unit to become chief digital officer at the corporate head office. Jim Lanzone (pictured) will remain as chief executive of CBS Interactive, while taking on the newly-created CBS Corp. post. He is credited with launching new services such as SVOD platform CBS All Access, which […]

Analysts assess Dauman, Moonves appointments

Analysts have predicted Viacom will likely to remain on the same strategic course after the appointment of Philippe Dauman as executive chairman given Sumner Redstone, the previous chairman, has been “substantially less active in recent years”. Moody’s issued a note on US-based media giant Viacom in the wake of Dauman assuming the new role, an […]

Dauman named Viacom executive chairman

Philippe Dauman has been named executive chairman of US media giant Viacom, an appointment that board member Shari Redstone has publicly opposed. Dauman (pictured) replaces Shari Redstone’s father, 92-year-old Sumner Redstone, as chair, in a repeat of the top-level changes at Redstone’s other media giant, CBS, this week. That saw Sumner Redstone resigning his chairman […]