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Viacom to reorganize three domestic network groups to drive growth

April 6 (Reuters) - Media company Viacom Inc said it will reorganize three of its domestic network groups into two new organizations as part of a restructuring to drive growth.

The company, which owns networks such as Nickelodeon, MTV, VH1 and Comedy Central, said it will take a related pre-tax charge of about $785 million in the quarter ended March 31.

Viacom said it expects to save about $350 million annually after the restructuring. It expects to save about $175 million in 2015.

(Reporting By Lehar Maan in Bengaluru; Editing by Savio D'Souza)