CBS extends acting CEO Joseph Ianniello’s tenure through December
LA TimesCBS Corp. is weighing whether to merge with Viacom Inc. or plot its own course. CBS Corp. has suspended its search for a chief executive and extended acting Chief Executive Joseph Ianniello’s contract through the end of the year as the company weighs whether to merge with Viacom Inc. or plot its own course. “He steadied the ship with some key appointments and a commitment to cultural change, and steered it forward by focusing CBS’ operations around its growing direct-to-consumer strategy.” Since taking over the top job on an interim basis, Ianniello has worked to modernize the New York company’s culture by appointing a “chief people officer” and a new head of CBS News, Susan Zirinsky, a former news producer. She also will have to heal the damage to CBS’ reputation caused by the sexual harassment allegations that led to the firing of anchor Charlie Rose and “60 Minutes” executive producer Jeff Fager. Ianniello also installed Showtime’s CEO, David Nevins, as chief creative officer for the entire company, overseeing programming for the CBS network as well as Showtime.