MTV News is shutting down as Paramount Media Networks moves to slash headcount in an effort to cut costs.
Paramount, like many large media companies, is struggling amid an economic downturn that has hit advertising hard and as spending on streaming content remains elevated. The company
However, despite this success in streaming, we continue to feel pressure 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.
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