Bakish: No Management Changes at Nickelodeon

Levy named COO of Viacom Media Networks

After published reports indicated that a shake-up is imminent at Nickelodeon, Viacom CEO Bob Bakish insisted the kids' network has had “no change in leadership.”

Speaking on Viacom’s earnings call Thursday (Feb. 8), Bakish confirmed that Sarah Levy has been promoted to a newly created position, COO of Viacom Media Networks.

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“That means we’re bringing all our media networks’ shared services under one structure,” Bakish said. “ And to be clear, this is about shared support structure, it is an extension of the responsibilities Sarah’s held for the last year. And that extension is to BET and to Nickelodeon."

Published reports indicated that Levy's new position reduced the influence of long-time Nickelodeon head Cyma Zarghami. The reports also said Zarghami's contract was due to expire and that it wasn't clear if she'd remain at the comapany.

Related: Management Changes Coming to Nickelodeon: Report

Levy and the brand presidents will continue to report to Bakish.

“As with our other efforts, the intent here is to streamline our structure, break down silos and assure we’re as efficient and agile as we can be,” Bakish said.