Viacom Chairman Dolgen Resigns

Just one day after Viacom Inc. president and CEO Mel Karmazin stepped down, Viacom Entertainment Group chairman Jonathan Dolgen has followed suit after more than a decade with the company. His resignation will be effective July 15.

Dolgen’s decision to leave comes with news that Viacom chairman and CEO Sumner Redstone has filled Karmazin’s shoes by naming Les Moonves and Tom Freston co-presidents and co-CEOs. "Due to the recently announced changes in Viacom’s management structure, the time was right for me to step aside," says Dolgen. "In Tom and Les, Sumner has chosen exceptional executives to help him lead this company well into the future." Dolgen says he will take the summer off before beginning the next chapter of his life.

Operations under Dolgen’s supervision include Paramount Television and Paramount Pictures, distributor of big-screen versions of Nickelodeon hits Rugrats, The Wild Thornberrys, Hey Arnold! and others. Viacom’s other brands include Nickelodeon, Nick at Nite, UPN, Comedy Central, Spike TV, MTV, CBS, VH1, BET, TV Land, Infinity Broadcasting, Viacom Outdoor, CMT: Country Music Television, Showtime, Blockbuster and Simon & Schuster. More information about Viacom and its businesses is available at www.viacom.com.