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Viacom to cut jobs as part of major reorganisation

Firm hopes "workforce reductions" will help boost its financial performance in the face of increasing competition

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Viacom is reorganising three of its domestic network groups into two new organisations.

New York

MEDIA-entertainment giant Viacom said it plans unspecified "workforce reductions" as part of a wide-ranging reorganisation to help boost its financial performance in the face of increasing competition.

Viacom, which owns Paramount studios in Hollywood and a range of...

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