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K Freston will now oversee Viacom's book publishing, theatrical exhibition, music publishing, theme park, licensing and merchandising and international cable businesses, in addition to heading up MTV Networks, BET, Showtime and the Paramount Motion Picture Group and Comedy Spain, Viacom said, and added that Jack Romanos will remain as president and chief executive officer of publishing company Simon & Schuster, and will report directly to Freston Tom McGrath, executive vice president of Viacom Entertainment Group and president of Paramount Enterprises, said he will step down from his position as a result of the reorganization, but will stay to help with the transition process Freston said in a statement that the move is an effort to get Paramount Motion Picture Group focused on making movies, but that the company is also shifting its "assets around core strengths in the company to create a less duplicative and more efficient structure Freston and Les Moonves took over Viacom as its co-presidents and co-operating chiefs in June following the departure of longtime chief executive officer Mel Karmazin 06 at the close on the New York Stock Exchange Shares of Viacom were down 1 cent to $34 Viacom Reorganizes Units Under Freston Jul 29, 3:13 PM EST Media conglomerate Viacom Inc said Thursday that it reorganized several of its operations under the leadership of co-president and co-chief operating officer Tom Freston, and also named Bob Bakish as Viacom's executive vice president of operations " Viacom said Bakish, who formerly served as executive vice president and chief operating officer of MTV Networks Advertising Sales, will be responsible for its theatrical exhibition and music publishing units, and will report to Freston Viacom's movie theaters, theme parks and music publishing businesses were previously run by Paramount, the company said Bill Roedy, president of MTV Networks International, will now oversee Paramount's Comedy Channel U The company also said Herb Scannell, president of MTV Networks group, will assume responsibility for Paramount Parks and Viacom's consumer products divisions, which includes merchandising and licensing of Paramount's characters and properties Proceeds will go to the Crossroads Centre in Antigua, an addiction treatment center Clapton established in 1998 â€â€?â€â€?â€â€?â€â€?â€â€? On the net: Christie's: http://www In 2002, a guitar belonging to Jerry Garcia sold for $957,500 "Lenny," the guitar Stevie Ray Vaughan played from the 1970s until his death in 1990, sold for $623,500, Christie's said christies 4 million for a drug treatment center, auction house officials said Clapton's 1964 cherry-red Gibson ES-335, along with its case, sold for $847,500, which Christie's said was a world auction record for a Gibson Clapton's Guitar Sells for Nearly $1M Jun 26, 5:43 PM EST One of Eric Clapton's prize guitars sold for a record $959,500 at an auction that raised more than $7 Bidding was fierce for several other guitars, too "I am thrilled at the result, which is going to be of enormous help to us in achieving our long-term aims at the Centre," Clapton said in a statement The guitar was donated by Vaughan's estate The buyer of Clapton's guitar â€â€? one of 56 he offered Thursday â€â€? was not disclosed "Blackie," the black-and-white Fender Stratocaster that served as Clapton's sole stage and studio guitar from 1970 to 1985, was the most expensive ever sold at auction, Christie's said in a statement com Clapton overcame a heroin addiction years ago |
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