Tom Freston Net Worth is$300 Million
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Date of Birth: Nov 22, 1945
Tom Freston is an entertainment industry executive, with a net worth of $300 million. Tom Freston has earned his net worth as one of the founders and the head of marketing of MTV, as President and CEO of MTV Networks, as Vice President and Co-COO of Viacom and is now Chairman of The One Campaign. He was born in the U.S.
Thomas E. Freston (born November 22, 1945) is an American entertainment industry executive. He currently is a principal in Firefly3 LLC, a consulting and investment company. Currently he consults Oprah Winfrey, among others.
Freston began his career advertising at Benton & Bowles (which later merged with D'Arcy). In 1972, after a year of traveling, he moved to Asia to start a textile and clothing business, Hindu Kush, working and living out of New Delhi India and Kabul, Afghanistan.
Returning to the USA in 1979 in a career change, he joined the Warner-Amex Satellite Entertainment Company (WASEC), a pioneer in the new field of cable television programming. He was one of the founding members of the team that created MTV: Music Television. As head of marketing, he worked on the "I Want My MTV" ad campaign that helped make the new network a cultural phenomenon. In 1987 he became the President and CEO of MTV Networks, a job he held for 17 years. MTV Networks launched and operated networks including: Nickelodeon, Nick at Night, VH1, Comedy Central, TV Land, Spike, Country Music Channel, Logo, Noggin, and others.
As CEO of MTV Networks, Freston expanded the company's reach, built an animation studio, produced feature films, and developed large consumer product and digital businesses. Popular characters and shows included: Blue's Clues, Beavis and Butt-head, SpongeBob SquarePants, The Daily Show with Jon Stewart, South Park, The Real World, Behind the Music, and Rugrats.
In 2004, after Viacom President & COO Mel Karmazin stepped down, Freston was named Co-President & Co-COO of Viacom (along with Leslie Moonves). Freston oversaw MTV Networks, Paramount Pictures, Famous Music Publishing, and Simon & Schuster.
In January 2006, Viacom split into two separate companies: Viacom led by Freston and CBS Corporation headed by Moonves.
In September 2006, Viacom chairman Sumner Redstone stunned the entertainment industry in 2006 when he fired Freston from the position

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Tom Freston Latest News

Vice Throws Boozy Upfront With WPP, Leaks Bloomberg Talks

This is what all-grown-up Vice looks like: founder Shane Smith, with 10-gallon hat and cocktail in hand, hamming it up onstage with former MTV CEO Tom Freston and WPP royalty, including CEO Martin Sorrell. "I have been to Brooklyn," Mr. Sorrell proclaimed.
Posted: May 3, 2012, 5:00 pm

Viacom-CBS reunion proposal seeks to fix Redstone's mistake

With due respect to Tom Freston, the Redstones finally made the obvious decision by moving to hand control of Viacom to CBS chief Leslie Moonves. It just took them a long, at times painful decade to get there. Synergy is an overused term in Hollywood ...
Posted: September 28, 2016, 7:53 pm

Former Viacom CEO Tom Freston speaks out on company's 'serious errors'

Nearly a decade after being ousted as CEO of Viacom, Tom Freston has harsh words for the company's current management. "There's been a series of pretty serious errors" at the company, Freston said Wednesday on CNBC's "Fast Money." When it comes to Philippe ...
Posted: June 15, 2016, 4:05 pm
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