Philippe P. Dauman

Viacom deploys its CFO to L.A. to fix Paramount's finances

Viacom deploys its CFO to L.A. to fix Paramount's finances

Viacom Chief Financial Officer Wade Davis is spending considerable time in Los Angeles to improve the performance of struggling Hollywood movie studio Paramount Pictures, after two troubled years at the box office.

Davis is spending “about half of his time” at Paramount in Los Angeles, Viacom’s acting chief executive, Robert Bakish, said Monday at UBS’ annual Global Media and Communications Conference for investors in New York. 

Deploying one of the most senior Viacom executives to Los Angeles to lead an effort to shore up the studio’s finances underscores the seriousness of the problems at Paramount, which...

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