MTV’s 'The Week in Rock' kicked off the news division in 1987, targeted to Gen X and older millennials.
The news division will be shuttered as part of layoffs at Paramount Global, which announced Tuesday it was cutting 25% of its U.S.-based staff. Paramount Global is also the parent company to CBS, Nickelodeon, Comedy Central, and Showtime.
According to a memo sent to staffTuesday by the company’s CEO, Chris McCarthy, the layoffs will allow Paramount to"reduce costs and create a more effective approach to our business as we move forward." MTV's"The Week in Rock" is the show that kicked off the news division in 1987, with more shows added later to cover both pop culture and harder hitting political news. Most memorably, in 1994, President Bill Clinton made an appearance on the MTV News show"Enough is Enough" to address violence in America. MTV News was also known for its town halls with guests like Bill Gates.
The news comes after shares of Paramount Global took a significant hit last week, plummeting by nearly 30% following the media company's announcement of a substantial loss in the first quarter, and the company also revealed its decision to reduce its dividend,according to CNBC. Paramount is not the only network announcing layoffs. Last month, the Walt Disney Co. said it would start cutting about 3% of its global workforce, which would slash about 7,000 jobs.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Paramount Shuts Down MTV News, Lays Off 25% of StaffMTV News is shutting down as Paramount lays off 25% of its staff.
続きを読む »
Paramount brands to lay off 25% of U.S. staff as MTV News shuts downThe president of the Showtime, MTV Entertainment Studios and Paramount Media Networks groups says layoffs will be hitting 25% of employees Tuesday.
続きを読む »
Paramount Cuts 25 Percent of Staff From TV Networks, MTV News Shutting DownChris McCarthy's unit is in the midst of combining teams as part of a reorganization merging Showtime with Paramount+.
続きを読む »
Paramount shuts down MTV News divisionThe division’s President Chris McCarthy said in a memo to staff Tuesday that despite the media giant’s “success” in streaming, the company continues to “feel pressure …
続きを読む »
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…
続きを読む »
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…
続きを読む »