MTV News Shuts Down After 36 Years

MTV Information is shutting down after 36 years on the air. In line with a report by Variety, 25% of workers throughout Showtime, MTV Leisure Studios and Paramount Media Networks have been laid off, which has sadly turn into the loss of life knell for MTV Information.

Selection additional studies {that a} memo to workers by Showtime/MTV Leisure Studios and Paramount Media Networks president Chris McCarthy notes that Paramount has been profitable of their streaming efforts, however “we proceed to really feel stress from broader financial headwinds like a lot of our friends” and that “senior leaders in coordination with HR have been working collectively over the previous few months to find out the optimum group for the present and future wants of our enterprise.”

“Because of this, we have now made the very exhausting however obligatory determination to cut back our home crew by roughly 25%,” McCarthy stated. “It is a robust but essential strategic realignment of our group. Via the elimination of some items and by streamlining others, we will scale back prices and create a simpler strategy to our enterprise as we transfer ahead. As we speak we are going to notify workers whose positions are being impacted with leaders speaking the information on to these groups/or people. These conferences shall be adopted by particular person 1:1s with our HR companions.”

So y’know, all the company roundabout converse for “robust shit, thanks for all the pieces, and we’ll see a few of you later” that often accompanies these varieties of emails.

MTV Information began off within the late ’80s with Kurt Loder and The Week In Rock. MTV Information expanded into political protection in 1992 with their “Select or Lose” phase, and had a fairly sturdy digital presence all through the 2000s. MTV Information suffered a serious blow in 2017 when there was a pivot to video (a sentence you never, ever want to hear as an employee), which noticed a lot of the editorial workers laid off.