Joe Ianniello hopes to take advantage of M&A shakeups and technological disruption in media as he launches his a media-focused SPAC with a number of fellow CBS Corp. veterans. The former chief operating officer and CEO of CBS sees his next move as partnering with former peers in Big Media to acquire and help manage assets that may no longer be top priority for a large conglomerate, but are still big businesses.
Former longtime CBS executive Joseph Ianniello has launched a special purpose acquisition company, or SPAC, with a handful of former colleagues to scout for acquisitions in media, entertainment and sports. The firm called Argus Capital Corp, filed with the SEC Thursday to raise up to $300 million, offering 30 million units at $10. Ianniello is chairman and CEO of the group.
Joe Ianniello, who formerly led CBS Corp., made $125.4 million in compensation and severance packages from ViacomCBS last year according to the company’s annual proxy filing with the SEC.
Joe Ianniello, who oversees CBS assets at ViacomCBS, hasn’t decided whether to join Platinum Equity’s bid for the Spanish-language broadcaster.
CBS CEO Joe Ianniello is expected to depart from ViacomCBS in the spring, according to two individuals familiar with the situation.
As chief Bob Bakish installs a new tier of toppers and cuts costs, No. 2 Joe Ianniello might exit even sooner than many expect.
Exclusives
Will CBS CEO Joseph Ianniello have to take the witness stand at a trial next month and talk about Leslie Moonves and the company’s problems on the “me too” front? On Monday, CBS took steps to avoid that possibility.
Acting CBS Chief Executive Joe Ianniello, who will become chairman and CEO of CBS once Viacom merges with CBS, will bank a hefty payout of $100 million when the deal closes, sources say. That’s up from the $70 million he was already set to pocket in severance for not being named head of the newly combined company — despite staying on in his current job.
With his company poised to merge once more with fellow media conglomorate Viacom, CEO Joe Ianniello on Tuesday addressed CBS’s diversity and inclusion efforts in a company-wide memo.
Once the heir apparent to disgraced CBS chief Leslie Moonves, Joe Ianniello will now steer the legendary media company through its second incarnation with Viacom.
CBS and Viacom appear to have settled the question of who will run the combined entity when the Great Reunion finally occurs, perhaps as soon as next Thursday. Bob Bakish, currently CEO of Viacom, is in line to head the merged company, sources familiar with the proposed structure tell Deadline. Joe Ianniello, who has been acting CEO of CBS, will continue to run the CBS assets in a senior role.
CBS Corp. sees sports betting as a “huge” and growing business opportunity as it gets legalized in more states, particularly in terms of advertising revenue, acting CEO Joe Ianniello told an investor conference Wednesday. He said: “It’s an advertising play for us. It’s digital advertising, the demographics are very favorable, so we are leaning into that with our trusted brands — CBS Sports HQ, CBSN, ET Live.”
CBS has called off its search for a permanent CEO, at least for now. Joe Ianniello has agreed to extend his role as president and acting CEO for six additional months through Dec. 31.
With David Nevins, a so-called content guy, installed in a chief creative role, it looks more logical for the CBS board to settle on a numbers guy, like Joe Ianniello, for the CEO gig. He also appears to be positioning the company for the very sort of corporate evolution that one imagines Shari Redstone and […]
CBS Corp. Chief Operating Officer Joe Ianniello will be sticking around Black Rock through mid-2022 thanks to a new contract that took effect this month.
