Kevin Kay Out as Paramount Network President; Comedy Central's Kent Alterman Will Take Over

MTV/VH1 chief Chris McCarthy will oversee CMT as part of Viacom restructuring

Just three weeks after filling his last network president vacancy, Viacom CEO Bob Bakish is shaking up his leadership team once again.

Kevin Kay, who was president of Paramount Network, TV Land and CMT, is leaving the company as part of a Viacom Media Networks restructuring that redistributes the networks into four brand groups.

The first—Comedy Central, Paramount Network and TV Land—will be overseen by Comedy Central chief Kent Alterman.

The second—MTV, VH1, CMT and Logo—will be headed up by Chris McCarthy, who was already president of MTV, VH1 and Logo.

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