Viacom's Ascheim named Newsweek CEO

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NEW YORK -- Newsweek magazine named Viacom Inc. executive Thomas Ascheim as its new chief executive on Tuesday, replacing Richard Smith, who will stay on as chairman.

Ascheim has served in various capacities at the entertainment conglomerate Viacom, most recently as general manager of the cable TV network Nickelodeon.

Smith, who is 61, joined Newsweek in 1970 and quickly moved up the ranks, eventually becoming editor-in-chief in 1984, chief executive officer in 1991 and chairman in 1998.

Newsweek is owned by The Washington Post Co., which in addition to its flagship newspaper also owns the Kaplan education business.

Under a new reporting structure, Ann McDaniel, a vice president at The Washington Post Co. and a former Washington bureau chief of Newsweek, will serve as managing director of the magazine. Ascheim and Jon Meacham, Newsweek's editor, will report to her.
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