Posted on 05/10/2023 3:13:45 PM PDT by DallasBiff
New York CNN —
A major Paramount division announced Tuesday it will shutter MTV News and slash its US workforce by 25%, bringing to an end the iconic music video network’s news division that once covered a range of issues from pop culture to politics and became a household name for Generation X and Millennial adolescents.
Chris McCarthy, who heads Paramount Media Networks, MTV and Showtime, 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 like many of our peers.”
“As a result, we have made the very hard but necessary decision to reduce our domestic team by approximately 25%,” he continued. “Through the elimination of some units and by streamlining others, we will be able to reduce costs and create a more effective approach to our business as we move forward.”
(Excerpt) Read more at cnn.com ...
sooner or later the market for hard-leftist media lies and propaganda was going to over-saturate ...
I remember when MTV had a magazine available by mail subscription. To receive it was gold. Fun times. I am glad to have celebrated my early adult years in the 1980s.
Ah yes, Martha Quinn. Good memories of her.
For some reason I’m thinking Kennedy came out as a conservative a few years ago.
MTV was good when their main focus was music television. Like 40 years ago.
“Who can stand that voice? Have you heard her lately? She sounds like Marge Simpsons sisters”
On a good day.
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