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
We Got Bad News and Good News: Weak Job Market, Better Stock Market
It was a lot harder than expected for the average worker to find a job in the past month. But that slowdown means long-promised rate cuts are coming.
April Jobs Report: Labor Market Cooling To A More Sustainable Pac
Gregory Daco, chief economist at EY breaks down April’s jobs report and what it means for the next few months
Big Business This Week: A 'Slow-Motion Murder' at Paramount, Tax Hikes (for the Rich) and is Walmart the New Whole Foods?
Plus, Starbucks reported its first quarter of declining sales and earnings since the pandemic, Biden tries to tackle the national debt and Warren Buffett is set to host the annual meeting of his investment firm Berkshire Hathaway.
What Does Marijuana Reclassification Mean, Anyway?
The U.S. could pot-tentially deem marijuana as a less dangerous drug.
Federal Reserve Announces Its Decision on Interest Rates
Powell announced that the Fed will keep the interest rate at their current level of 5.25-5.5 percent, their highest for nearly 20 years.
Worried About Summer Gas Prices? Buy Energy Stocks
You could turn pain at the pump into a financial bump if you buy the dip on energy stocks, one analyst says.
With High Mortgage Rates, Is It Time to Consider a Tiny Home?
For most, buying a home is a far-reaching goal. With high mortgage rates and low inventory, it may be time to get creative and consider a tiny home.
Florida’s 6-Week Abortion Ban Takes Effect
The rules are affecting not just women who want therapeutic abortions, but also nonviable pregnancies for women who want to have babies.
Tom Brady’s Company, Autograph, Wants You To Engage With Your Favorite Athlete...Including the GOAT
Autograph revolutionizes fandom, allowing fans to engage with their favorite celebrities through digital collectibles, experiences, and rewards.
