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MTV News among units shut down as Paramount cuts US workforce by 25%

1 min read
Source: CNN
MTV News among units shut down as Paramount cuts US workforce by 25%
Photo: CNN
TL;DR

Paramount Media Networks is shutting down MTV News and reducing its US workforce by 25% due to economic pressures. The decision comes as many media companies face a slumping advertising market and other industry challenges. The cuts are part of a broader restructuring aimed at streamlining units and reducing overall costs.

Topics:entertainmentbusiness#business#layoffs#media#mtv-news#paramount#restructuring
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  1. MTV News to shut down as Paramount slashes US workforce  CNN
  2. Paramount Media Networks, Showtime and MTV Entertainment Studios to Lay Off 25% of U.S. Staff as MTV News Shuts Down  Variety
  3. Paramount Cuts 25 Percent of Staff From TV Networks, MTV News Shutting Down  Hollywood Reporter
  4. MTV News Is Shutting Down  Pitchfork
  5. Paramount Division Run By Chris McCarthy Lays Off 25% Of Domestic Staff; MTV News Among Units Shut Down  Deadline

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