Viacom CEO Vows to Address ‘Points of Pain’ and Unveil Strategic Plan This Week

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Viacom president-CEO Bob Bakish vowed to address the media giant’s “points of pain” in the coming year during his address to shareholders Monday at the company’s annual shareholders meeting.

Bakish told board members and the handful of shareholders who attended the meeting at its Times Square headquarters that he would unveil “a new strategic vision and framework” for the company’s on Thursday after the release of its fiscal first quarter earnings.

“Despite all the noise surrounding this company, it’s important to recognize we have an incredibly strong foundation,” Bakish said.Bakish didn’t elaborate much but said his goal was to take a more “holistic” approach to managing the company’s assets, namely Paramount Pictures and its domestic and international cable operations. That includes implementing “a unified strategic view on how we’ll build digital scale,” he said.

See more at Variety.

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