A long-time stamp collector snagged one of the rarest and most coveted stamps in the world for $2 million at an auction in New York.

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MTV Is Shutting Down News Division as Paramount Struggles
MTV, a division of Paramount, is planning to shut down its news division and lay off 25 percent of its workforce. The company cited "broader economic headwinds" as the reason for the shuttering. The decision comes as Paramount makes cuts to better compete with rival entertainment giants.
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