MTV News to shut down amid Paramount layoffs ...Middle East

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MTV News to shut down amid Paramount layoffs
source : The Hill ( Middle East ) () 41
The MTV — formerly “Music Television” — news division is expected to shut down amid a new round of layoffs made by Paramount Global, the company announced in a memo to staffers. In the memo, obtained and published by Variety, Showtime/MTV Entertainment Studios and Paramount Media Networks president Chris McCarthy said the reason was due to the pressure felt 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,” McCarthy wrote. McCarthy added that the layoffs will affect 25 per

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