UPDATE 1-Viacom to cut jobs, abandon titles, reorganize network groups

April 6, 2015 9:18 PM

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April 6 (Reuters) - U.S. media company Viacom Inc said it will undertake a restructuring, including cutting jobs, abandoning some acquired titles and reorganizing three of its domestic network groups into two new organizations, to drive growth.

The owner of movie studio Paramount Pictures and cable networks such as MTV and Comedy Central said it will take a related pre-tax charge of about $785 million in the quarter ended March 31.

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