Viacom to reorganize three domestic network groups to drive growth

Media company Viacom Inc said it will reorganize three of its domestic network groups into two new organizations as part of a restructuring to drive growth. The company, which owns networks such as Nickelodeon, MTV, VH1 and Comedy Central, said it will take a related pre-tax charge of about $785 million in the quarter ended March 31. Viacom said it expects to save about $350 million annually after the restructuring.



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