MTV News shuts down amid Paramount layoffs.
TL;DR Summary
Paramount is set to lay off 25% of its US staff, including employees from Showtime, MTV Entertainment Studios, and Paramount Media Networks groups. The decision comes after months of internal deliberations about integration amid Showtime's rebranding into Paramount+. MTV News will also be shutting down. The majority of the layoffs will be among the networks group due to consolidation. Despite Paramount's success in streaming, the company continues to feel pressure from broader economic headwinds.
- Paramount brands to lay off 25% of U.S. staff as MTV News shuts down NBC News
- MTV News forced to close down after 36 years amid Paramount layoffs Fox News
- MTV News to shut down as Paramount Media Networks slashes US workforce CNN
- MTV News Is Shutting Down, Jennifer Garner Covers Allure, Josephine Skriver's Baby Joy, Burberry Gets Summery, Victoria's Secret Reinvents Its Annual Fashion Show, Plus! Padma Lakshmi Gets The Gang Together... Daily Front Row
- End of Era | MTV News to shut down as Paramount slashes workforce WUSA9
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
3 min
vs 4 min read
Condensed
89%
671 → 74 words
Want the full story? Read the original article
Read on NBC News