TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Freston Out At MTV


Freston [left, shirted] with Iggy Pop

Viacom CEO Tom Freston is leaving Viacom, chairman Sumner Redstone announced this morning. Freston will be replaced by Phillipe Dauman, a member of the Viacom board.

“I have great respect for Tom Freston and want to personally thank him for his tremendous contributions to Viacom over the past 20 years,” Redstone said in a statement. “Tom successfully built MTV Networks into an unmatched force in the entertainment industry and assembled a best-in-class operational team to build on that foundation. Tom has been a friend and a colleague for many years and we wish him well as he moves on to the next stage of his career.”

As AdAge notes, Viacom stock price has fallen 20% since the company split from CBS in January.

Mediabistro Course

Overcoming Writer's Block

Overcoming Writer's BlockUse proven tools and exercises to get back to writing! Starting July 15, learn a process that will help you pinpoint your optimal writing conditions, structure your time and build a framework to increase your productivity. Register now!