Viacom Slashes Dividend; Says Interim CEO To Leave

Viacom Inc slashed its quarterly dividend by 50 per cent on Wednesday and said interim Chief Executive Tom Dooley would leave the company. Viacom also said it had ended the process of seeking a minority investor for Paramount Pictures as it considers all options available to the company. The media company, which owns cable networks Nickelodeon, MTV and Comedy Central, halved its dividend to 20 cents per share from 40 cents as it lo...