MTV News shutting down as Paramount moves to cut costs

Paramount, like many large media companies, is struggling amid an economic downturn that has hit advertising hard and as spending on streaming content remains elevated. The company

However, despite this success in streaming, we continue to feel pressure from broader economic headwinds like many of our peers. To address this, our senior leaders in coordination with HR have been working together over the past few months to determine the optimal organization for the current and future needs of our business.

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Paramount Media Networks, Showtime and MTV Entertainment Studios to Lay Off 25% of Staff as MTV News Shuts DownLayoffs will be hitting 25% of employees across the Showtime, MTV Entertainment Studios and Paramount Media Networks groups in the U.S. Tuesday, following months of internal deliberations about int…
Source: Variety - 🏆 108. / 63 Read more »

Paramount Media Networks, Showtime and MTV Entertainment Studios to Lay Off 25% of U.S. Staff as MTV News Shuts DownLayoffs will be hitting 25% of employees across the Showtime, MTV Entertainment Studios and Paramount Media Networks groups in the U.S. Tuesday, following months of internal deliberations about int…
Source: Variety - 🏆 108. / 63 Read more »