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Talent Resume: I danced in a commercial for a nightclub! |
" Karmazin worked in radio for much of his career, and is known to be close to several of Viacom's leading radio personalities including Howard Stern and Don Imus He also said the company would be making an announcement soon about its succession plans "But for the time being we're committed to radio On the call, Redstone dimissed peristent concerns that he had a rocky relationship with Karmazin Redstone stressed that no one at Viacom had asked Karmazin to resign Investors took the news of the management shakeup in stride " Redstone said on the conference call that it was "extremely likely" that he would be succeeded by either Freston or Moonves as CEO Karmazin worked his way up through the ranks in the radio business, and became the head of CBS Corp Redstone suggested that Viacom's new management team would consider getting rid of the radio business, saying the company would have a "hard look" at the radio operation as well as other assets In a statement, he said that "After more than 20 years with the company, for personal and professional reasons, I have decided to leave Viacom and pursue other challenges He will work with the company's board to identify a new CEO and other senior executives before then Karmazin Resigns As President of Viacom Jun 1, 11:10 AM EST Mel Karmazin resigned suddenly as president and chief operating officer of Viacom Inc Redstone said he regretted Karmazin's departure and wished him well 97 in heavy trading on the New York Stock Exchange Instead, Redstone said he learned of Karmazin's decision to resign through another executive, whom he did not name In their new roles, Freston and Moonves will jointly oversee all of the operations of Viacom Moonves has been chairman and chief executive of CBS since 2003 and joined CBS in 1995 as president of its entertainment operation In late morning trading, Viacom's widely held "B" class shares were up 8 cents at $36 " Freston has been chairman and CEO of the MTV Networks unit since 1987 Investors have been pressing Viacom to clarify its plans for succession, especially given Redstone's age In a note to investors, Merrill Lynch analyst Jessica Reif Cohen called Karmazin's departure "a very significant negative" factor for the company since Karmazin was "an extremely talented operating executive In a conference call with Wall Street analysts, Redstone said Karmazin left because of "frustration" with the company's sagging stock price and issues related to the company's radio division, which has been struggling "There is no sacred cow," Redstone said They will run the company on a day-to-day basis and report to Redstone Imus broke the news of Karmazin's departure early Tuesday morning on a show broadcast by MSNBC "Mel was frustrated about something â€â€? I hope it wasn't about me before it merged with Viacom in 2000 He also said Karmazin would stay on as a consultant for two months to help with the transition Karmazin was highly regarded in the industry and on Wall Street for his leadership of Viacom " At Viacom's annual meeting two weeks ago, Redstone said he and Karmazin had never had a major disagreement , owner of CBS, MTV and Nickelodeon, as the media giant seeks to find a successor for its 81-year-old chairman and CEO, Sumner Redstone He also said Karmazin had been in the running as a candidate to succeed him as CEO "He just decided he was better off going in another way However, the sudden loss of Karmazin is likely to disappoint many on Wall Street Two senior executives were named to replace Karmazin, MTV boss Tom Freston and CBS leader Leslie Moonves, the company announced Tuesday Karmazin did not elaborate on his reasons for leaving " Redstone said Even though Redstone has voting control of Viacom through a special supervoting class of stock, he made clear in his announcement that he was working with the company's board on the succession issue In a separate conference call with reporters, Redstone parried several other questions about the reasons for Karmazin's departure However, he also acknowledged that Karmazin did not discuss his decision to resign with Redstone directly The company described the moves as part of a corporate succession plan under which Redstone will relinquish his role as CEO within three years Shell decorations and colorful headdresses flew off the dancers as they sped through large group patterns, individual performers sometimes losing themselves in frenzied movement org " And there was Shaka Zulu, a traditional African stilt dancer who just joined Cirque de Soleil, who wandered onto stage throughout the evening to strut and shimmy his stuff " â€â€?â€â€?â€â€? On the Net: Brooklyn Academy of Music: www There was the tribute to those who had "made the transition to the Ancestral Grounds If the other companies, including the BAM/Restoration youngsters, sometimes lacked finesse, they made up for it in exuberance The Ghanian performers were the strongest at Friday night's performance, Tetteh leading a tight group of drummers as five dancers leapt, spun and gyrated, all the while smiling at the appreciative audience bam There were the hugs to strangers commanded by Davis Brooklyn Academy Celebrates DanceAfrica Jun 1, 12:23 PM EST With artistic director Chuck Davis holding court, DanceAfrica rolled back into town for its 27th annual celebration "A Dancer's Path: Ancient Traditions, Modern Trends" entertained a lively audience at the Brooklyn Academy of Music Davis reminded the audience during the Jalibah: "We are not human beings having a spiritual experience, we are spiritual beings having a human experience When "founding Elder" Davis took the stage for the Jalibah, or traditional greeting, those few folks who had not yet experienced a DanceAfrica festival understood they were in for a different kind of dance experience Lofty title aside, a carnivallike feel permeated the show, which built on the performances of four groups â€â€? the American troupes Bambara Drum and Dance Ensemble, Ezibu Muntu African Dance Company and BAM/Restoration DanceAfrica Ensemble, and Ghana's Nii Tettey Tetteh and the Kusun Ensemble |
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