Tuesday, October 25, 2016
  • Friday, Dec. 5, 2008
Viacom To Cut 850 Jobs In Response To Downturn
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Amid an ongoing debt crisis at controlling shareholder Sumner Redstone's movie theater company, National Amusements Inc., media giant Viacom Inc. said it will slash about 850 jobs -- 7 percent of its work force -- and freeze some senior-level salaries.

Viacom, which owns MTV Networks...

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