"One change we already know will happen is that Wade Davis will depart in connection with the closing of the transaction, as we've determined there isn't a senior operating role at the corporate level of the merged company that would be consistent with the full breadth of his experience, expertise and the scope of his current role at Viacom," Bakish wrote in a staff memo. "Wade has been one of Viacom's most vocal and passionate champions. … We're so grateful for his many contributions, and that he'll be with us through the closing of the deal."