NEW YORK: Thomas Dooley is stepping in as interim president and CEO of Viacom until the end of its fiscal year, the company announced as part of its official settlement with National Amusements and the Redstone family.

NEW YORK: Viacom is said to have reached a settlement that sees CEO Philippe Dauman exiting the company in exchange for a reported $72 million pay-off.

NEW YORK: Univision Communications Inc. (UCI) has confirmed its acquisition of Gawker Media Group's digital media assets as part of the company's bankruptcy proceedings.

BEVERLY HILLS: Participant Media is shifting its focus to content creation and social impact, and is exiting the business of owning and operating cable network Pivot.

LOS ANGELES/MIAMI: Kevin Plunkett has been tapped to serve as executive VP and head of television for the newly formed TV-production joint venture from Lionsgate and New Regency.

LOS ANGELES: Interscope Geffen A&M and Keshet Studios are working together on music-related original digital scripted and non-scripted video content.

NEW YORK: Sharri Berg has been promoted to COO of news and operations for the FOX Television Stations (FTS) group.

AUSTIN: DCM Ventures and Bertelsmann Digital Media Investments are among the investors that have contributed to the $21.2 million in new funding secured by FloSports to accelerate the growth of the online sports network.

FORT WORTH: The private-equity firm TPG Capital is acquiring RCN Telecom Services and Grande Communications Networks in two separate transactions, for $1.6 billion and $650 million, respectively.

ATLANTA: TBS has greenlit Drop the Mic from executive producers James Corden and Ben Winston, based on a popular segment from The Late Late Show.