MTV News shuts down as Paramount lays off 25% of US staff.
TL;DR Summary
MTV News is expected to shut down as part of a new round of layoffs by Paramount Global, affecting 25% of employees across Showtime, MTV Entertainment Studios, and Paramount Media Networks groups in the US. The decision was made due to economic headwinds and will help reduce costs and create a more effective approach to the business. MTV News, which initially launched in 1987, became a viable news outlet for Generation X and millennials, covering news and topics in music, entertainment, pop culture, and politics.
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