Paramount Media Networks announced it’s pulling the plug on MTV News as it slashes its U.S. workforce by 25%.
The division’s president said in a memo to staff Tuesday that despite the media giant’s “success” in streaming, the company continues to feel pressure from broader economic headwinds.
It once covered a range of issues from pop culture to politics and became a household name for Generation X and millennial adolescents.In addition to MTV News, some units in the company are being eliminated altogether, most of which are in operations.
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