Viacom to Complete Split by Year-End
The Hollywood Reporter, via Reuters, October 19, 2005, Wednesday, October 19, 2005 11 AM
The planned split of Viacom Inc. into two companies is on the fast track, with Tom Freston and Leslie Moonves now set to ascend to the posts of CEO of Viacom and CBS Corp., respectively, earlier than expected -- namely, by year's end. Originally, Viacom management had said the creation of the two new entities would happen during first-quarter 2006, and executives had recently been using the phrase "early 2006" in their timing guidance.
Read the whole story at The Hollywood Reporter, via Reuters, October 19, 2005 »
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