Viacom unit head overseeing MTV, Comedy Central to leave
By Liana B. Baker and Jessica Toonkel
SAN FRANCISCO/NEW YORK (Reuters) - Longtime Viacom Inc (VIAB.O: Quote) executive Doug Herzog, who oversees the networks Comedy Central and MTV, is leaving the company next month, according to a memo to employees sent Wednesday from chief executive Bob Bakish.
Herzog, a 25-year veteran at Viacom known for helping develop such MTV hits as "The Real World" and Comedy Central's "The Daily Show," is leaving as part of a restructuring following the appointment of Bob Bakish as chief executive officer earlier this month, sources told Reuters.
Herzog was most recently president of Viacom's Music and Entertainment Group which also includes VH1, Spike and Logo. Bakish said in the memo that the brands in Herzog's group will now directly report to him.
Viacom named Bakish, former head of its international business, as acting chief executive officer at the end of October, then permanent CEO on Dec. 12 as it announced the end of merger explorations with CBS Corp (CBS.N: Quote).
He is the second high-ranking executive to announce a departure this month. Viacom's head of distribution, Denise Denson, a longtime executive who worked closely with former CEO Philippe Dauman, left earlier in December.
ENVY OF PEERS?
Bakish thanked Herzog for his "incredible contributions" to Viacom, noting his "sharp creative insight." Continued...