OMD CEO Alan Cohen is departing the agency the shop confirmed late Monday after the close of the stock markets. PHD CEO Monica Karo is replacing him as U.S. CEO at the agency and senior global account executive Robert Habeck will succeed Karo at the helm of PHD U.S. Cohen is shifting to a new marketing company that will have the backing of Omnicom.

Yahoo has named former AOL Networks chief Ned Brody senior vice president and head of the Americas, esponsible for Yahoo's advertising business in North and South America. He reports to COO Henrique de Castro.

The month-long, sometimes testy carriage disagreement between CBS and Time Warner Cable  -- where TV stations and CBS cable networks were off the air -- is over. On Monday the two parties announced it had an agreement: CBS was back on the Time Warner Cable systems in New York, Los Angeles and Dallas, and CBS’s cable networks, including Showtime and CBS Sports, will be available to Time Warner Cable subscribers in all U.S. markets where CBS cable channels had aired. Les Moonves, president/chief executive officer of CBS Corp, in a memo to employees said:  “This was a …