By Patrick Thomas
Viacom Inc. (VIA) said Thursday that it is shaking up its media network hierarchy.
Kevin Kay, who has been with the media company for more than two decades, is leaving his role as president of the Paramount Network, TV Land and CMT, Viacom said. Comedy Central President Kent Alterman will now oversee Paramount Network and TV Land.
Chris McCarthy will expand his current role of president of MTV, VH1 and Logo to now include CMT, the company said.
"These changes mark the next step in the ongoing evolution of our company as we continue to ensure we're making the most of our great assets and resources, and operating as nimbly and efficiently as we can," Chief Executive Bob Bakish said in prepared remarks.
Mr. Alterman has served as president of Comedy Central since 2016 after previously holding the position of president, original programming at the network. Mr. McCarthy was elevated to president of MTV, VH1 and Logo in October 2016 after serving as president of VH1 and Logo.
Mr. Kay oversaw Viacom hits such as Nickelodeon's "All That" and helped develop "SpongeBob SquarePants." He is the latest senior executive to leave Viacom. In June, Nickelodeon Group President Cyma Zarghami left after 30 years with the company.
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