ITV

Tag: Tom Dooley

  • Bob Bakish to take over as Viacom CEO?

    Bob Bakish to take over as Viacom CEO?

    MUMBAI: Indian executives are familiar with this Viacom long-timer. And now, he’s being tipped to take over as the US media and cable Viacom CEO. We are talking about Viacom International Media Networks president & CEO Bob Bakish who was been quite closely associated with the Reliance group joint venture Viacom18 and its distribution outfit IndiaCast.

    Bakish is slated to replace the interim CEO Tom Dooley if Bloomberg and other international media reports are to be believed. Dooley, who was appointed as the interim CEO following the ouster of the former CEO Philippe Dauman in a public slugfest between him and the majority owner Sumner Redstone and his daughter Shari, will depart on 15 November.

    The fiesty executive has a long history with Viacom, having first worked with the management consulting firm Booze Allen & Hamilton in the nineties, before hopping on board MTV Networks as the EVP & chief operating officer – ad sales between 2001 and 2004. He then was promoted as the EVP – operations Viacom and Viacom Enterprises, following which he ran MTV Networks International as its president between 2007 and 2011. Since then, he has been the president & CEO of Viacom International Media Networks, expanding and consolidating the group’s international business globally and making it profitable.

    The board’s decision will be announced Monday.

    Viacom18 Media, its 50:50 joint venture with Network18 (now Reliance Industries owned), is one of the international successes, which has flowered under his watch. The venture runs India’s top three GECs – Colors — apart from channels such as MTV, VH1, Comedy Central, Colors Infinity. It has expanded the channels internationally as well into markets such as the UK, the US.

  • Bob Bakish to take over as Viacom CEO?

    Bob Bakish to take over as Viacom CEO?

    MUMBAI: Indian executives are familiar with this Viacom long-timer. And now, he’s being tipped to take over as the US media and cable Viacom CEO. We are talking about Viacom International Media Networks president & CEO Bob Bakish who was been quite closely associated with the Reliance group joint venture Viacom18 and its distribution outfit IndiaCast.

    Bakish is slated to replace the interim CEO Tom Dooley if Bloomberg and other international media reports are to be believed. Dooley, who was appointed as the interim CEO following the ouster of the former CEO Philippe Dauman in a public slugfest between him and the majority owner Sumner Redstone and his daughter Shari, will depart on 15 November.

    The fiesty executive has a long history with Viacom, having first worked with the management consulting firm Booze Allen & Hamilton in the nineties, before hopping on board MTV Networks as the EVP & chief operating officer – ad sales between 2001 and 2004. He then was promoted as the EVP – operations Viacom and Viacom Enterprises, following which he ran MTV Networks International as its president between 2007 and 2011. Since then, he has been the president & CEO of Viacom International Media Networks, expanding and consolidating the group’s international business globally and making it profitable.

    The board’s decision will be announced Monday.

    Viacom18 Media, its 50:50 joint venture with Network18 (now Reliance Industries owned), is one of the international successes, which has flowered under his watch. The venture runs India’s top three GECs – Colors — apart from channels such as MTV, VH1, Comedy Central, Colors Infinity. It has expanded the channels internationally as well into markets such as the UK, the US.

  • Dust settles at Viacom; Dauman steps down, Dooley is CEO

    Dust settles at Viacom; Dauman steps down, Dooley is CEO

    MUMBAI: It was a sparring match that waged for months. In the red corner was Viacom controlling shareholder Sumner Redstone’s once-estranged-but-now beloved 61 year old daughter Shari Redstone. And in the blue corner was Viacom’s chairman and once Redstone-favourite Philippe Dauman.

    But the match has ended in a victory for the Redstones, with Dauman agreeing to resign as chairman and CEO late Thursday night (US time).

    Replacing him is COO Tom Dooley, another long time Redstone associate, who has been redesignated as president and CEO until the end of the fiscal year on 30 September. And an additional five National Amusements (Redstone holds his 80 per cent of the controlling stock of Viacom and CBS through this company) nominated directors are slated to come on board Viacom.

    Viacom has a corporate roster consisting of Paramount Pictures, Nickelodeon, Comedy Central, MTV and VH1.

    Viacom has been locked in a public scrap ever since Redstone showed Dauman the doors along with board member George Abrams who also had a seat on his trust. But Dauman did not accept his decision and decided to knock on the doors of courts for relief and the legal battle has been waging since then..

    He, however, has some time (he will be at Viacom till September) to complete a transaction that he has been backing : selling 49 per cent stake in Paramount Pictures to the Chinese Wanda group. This is something that has not got a favourbale response from Redstone and his daughter.

    Dauman will also get a handsome severance package of $72 million.

    The five handpicked board members who are coming on to the board include: former Sony Entertainment president Nicole Seligman, Thomas May, chairman of Eversource Energy; ianker nvestment bKen Lerer,; Avis Budget group executive chairan Ronald Nelson, executive chairman of Avis Budget Group; and former Discovery president Judith McHale.

  • Dust settles at Viacom; Dauman steps down, Dooley is CEO

    Dust settles at Viacom; Dauman steps down, Dooley is CEO

    MUMBAI: It was a sparring match that waged for months. In the red corner was Viacom controlling shareholder Sumner Redstone’s once-estranged-but-now beloved 61 year old daughter Shari Redstone. And in the blue corner was Viacom’s chairman and once Redstone-favourite Philippe Dauman.

    But the match has ended in a victory for the Redstones, with Dauman agreeing to resign as chairman and CEO late Thursday night (US time).

    Replacing him is COO Tom Dooley, another long time Redstone associate, who has been redesignated as president and CEO until the end of the fiscal year on 30 September. And an additional five National Amusements (Redstone holds his 80 per cent of the controlling stock of Viacom and CBS through this company) nominated directors are slated to come on board Viacom.

    Viacom has a corporate roster consisting of Paramount Pictures, Nickelodeon, Comedy Central, MTV and VH1.

    Viacom has been locked in a public scrap ever since Redstone showed Dauman the doors along with board member George Abrams who also had a seat on his trust. But Dauman did not accept his decision and decided to knock on the doors of courts for relief and the legal battle has been waging since then..

    He, however, has some time (he will be at Viacom till September) to complete a transaction that he has been backing : selling 49 per cent stake in Paramount Pictures to the Chinese Wanda group. This is something that has not got a favourbale response from Redstone and his daughter.

    Dauman will also get a handsome severance package of $72 million.

    The five handpicked board members who are coming on to the board include: former Sony Entertainment president Nicole Seligman, Thomas May, chairman of Eversource Energy; ianker nvestment bKen Lerer,; Avis Budget group executive chairan Ronald Nelson, executive chairman of Avis Budget Group; and former Discovery president Judith McHale.