Viacom completed its previously announced purchase of BET Holding...
Viacom completed its previously announced purchase of BET Holdings II for $3 billion in stock and assumption of debt. Under new structure, BET founder Robert Johnson will remain chmn.-CEO of BET, reporting to Viacom COO Mel Karmazin. Debra Lee…
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will stay on as BET’s pres.-COO. BET also will keep its home in Washington.