Viacom CEO Bob Bakish will address the company’s “points of pain” and promised to unveil “a new strategic vision and framework” after Thursday’s quarterly earnings release, according to internet reports.
Speaking on Monday during the company’s annual shareholders meeting in New York, Bakish also promised to unveil a “strategy for Paramount going forward” at Thursday’s post-earnings conference call to analysts, according to Variety.
Monday’s meeting was quick, with five proposals all approved without question by more than 95 percent margins. National Amusements Inc., the holding company for Sumner Redstone’s empire, has the majority of voting control for both Viacom and CBS.