Viacom’s YouTube Strategy: Replay “The Godfather”

When all else fails, send some severed heads. “Remember our heritage–we are the people that brought you the Godfather.”

Viacom Lays Off 850, Takes $450 Million Charge

Viacom’s long-rumored cuts are here. The cable network is firing 850 people–seven percent of its workforce–and will take a charge of up to $450 million. It says the cuts will save it up to $250 million next year. The cuts will go into effect this month and will be spread throughout the company. Click through for the official release, as well as internal memos from CEO Philippe Dauman and MTV Networks CEO Judy McGrath.