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Huizenga Bids Adieu To Viacom


In Business This Week

HUIZENGA BIDS ADIEU TO VIACOM

NO ONE EXPECTED WAYNE Huizenga to play second fiddle for long--and indeed, the former Blockbuster Entertainment chief executive announced his resignation Nov. 6 as vice-chairman of Viacom International, which bought Blockbuster a year ago. The surprise: He also gave up his seat as a Viacom director. Huizenga wants to spend more time on other business interests, the company said. Certainly, he has plenty of those, including three Florida pro sports teams and Republic Waste Industries, a vehicle for his entry into service businesses. Analysts theorize that leaving Viacom's board may allow him to cash in some of his 6.9 million Viacom shares without the required insider disclosure.EDITED BY KEITH H. HAMMONDS


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