The destruction of left-wing media outlets continues with the news that Paramount will shut down MTV News.
The bloodbath of left-wing media outlets continues with the news that Paramount will shut down MTV News. This is part of Paramount’s 25 percent“across the Showtime, MTV Entertainment Studios and Paramount Media Networks groups in the U.S.”
In a statement to staffers, Showtime/MTV Entertainment Studios and Paramount Media Networks president Chris McCarthy wrote that everyone is happy with the success of paramount+ streaming service, but… [T]his 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.
As a result, we have made the very hard but necessary decision to reduce our domestic team by approximately 25%. This is a tough yet important strategic realignment of our group. 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. Today we will notify employees whose positions are being impacted with leaders communicating the news directly to those teams/or individuals.
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