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.
Share:
More In Business
The Future Of Sports Betting And iGaming
Brian Goodman from Global Matrix Group talks with Dave Briggs about the future of sports betting online and how the popular pastime will evolve. Watch!
Cash is King: Unraveling Buffett’s $182 Billion Berkshire Stash
When the Oracle of Omaha speaks, the markets listen. That’s particularly true at the recent annual Berkshire Hathaway meeting.
Grounds for Concern? Starbucks’ Sales Slip and the Road Ahead
For decades, it’s been a trope: you can find a Starbucks on every corner. But proximity is no guarantee of long-term success, even in the coffee industry.
Cannabis Rescheduling Could be the ‘First Domino’ to Federal Reform
The Biden administration is set to change marijuana from a Schedule I to Schedule III drug. It could be the first step to sweeping change.
Has Disney Lost the Magic? What Its Latest Results Mean for the Company
Disney's box office and cable results disappoint, but the the House of Mouse is doubling down when it comes to streaming.
Tesla Would Die a Slow and Painful Death as a Strictly EV Company
Tesla is being investigated for allegedly misleading investors about its self-driving capabilities. And one analyst says the company 'needs' that tech to grow.
A Timeline of the Collapse at FTX
FTX said in a court filing late Tuesday that it owes about $11.2 billion to its creditors.
Taste a Meteorite (Literally!) with Pegasus Distillerie's Shooting Star
Pegasus Distillerie's U.S. launch is accompanied by a brand-new spirit, Shooting Star vodka. Its secret ingredient? A meteorite.
Grab a Mimosa: Brunch Is the Most Important Meal of the Day
One thing inflation-battered consumers aren't willing to give up: breakfast and brunch at their favorite restaurants.
