| Taub will be involved in setting development and financial
objectives and helping to identify key operational and strategic issues
for the Viacom divisions under Moonves' aegis. These include CBS,
UPN, King World Productions, Paramount Television, Paramount Domestic
Television, CBS Paramount International Television, Infinity Broadcasting,
the Viacom Television Stations Group and Viacom Outdoor.
Taub, who will assume his new duties immediately, will also continue
to serve as executive vice-president and chief financial officer
of CBS, informed a press release.
"Bruce has been an essential member of my management team
since I first came to CBS," said Moonves. "Under his watch,
we have improved profitability, and achieved significant cost savings
across the board while providing investment necessary for growth.
To put it simply, Bruce is the consummate pro, and I look forward
to continuing to work with him in this new, expanded role."
Taub was most recently CBS executive vice-president and chief financial
officer. Previously, he was CBS television senior vice-president
and chief financial officer, added the release.
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