Viacom Shakeup Continues

Now the finance chief is out.
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Viacom (VIA) - Get Report said its finance chief, Michael J. Dolan, will leave at year-end. He'll be replaced by administrative chief Tom Dooley, who came aboard earlier this fall when Chairman Sumner Redstone cashiered CEO Tom Freston.

"I came to Viacom for the opportunity to help lead a newly minted public company out of the gate, and the challenge of setting it on a strong financial path," Dolan said. "I am proud that we have accomplished these goals and that Viacom is very well-positioned financially to prosper and succeed. I leave with the knowledge and confidence that the company has all the capabilities and the resources it needs to move ahead under the very able leadership of Philippe Dauman. I am looking forward to working with Philippe and Tom over the coming weeks to ensure a smooth hand-off of all financial operations."

Freston was fired because Viacom shares have trailed behind those of former corporate sibling

CBS

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since the two split Jan. 1. Redstone also cited Viacom's failure to take a clear leadership role in the digital media business.