MTV Networks is axing around 75 staff Tuesday, executives at the company confirmed. The cuts mainly affect mid-level executives in the program development department, digital division and scheduling at the company's music and logo group which houses channels including MTV, VH1 and Logo. A spokeswoman confirmed the news saying the cuts were a result of the recession. "We have been taking a look at our business and how to position ourselves for future growth. It's pretty much the economy," she said, adding that the cuts accounted for less than 1% of MTV Networks' workforce. The executive couldnt discuss how many...