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
How Businesses Can Best Protect Themselves from Deepfakes
Whether it’s a deepfake video of actor Tom Cruise discovering gum in a lollipop or President Joe Biden discouraging people from voting via telephone, you’ve likely come across a deepfake video, photo or audio recording.
Will the U.S. Ban TikTok? Chinese-American Diplomacy Holds the Answer
Tensions in the South China Sea, Apple moving to India, and banning TikTok? The podcast ‘Face Off: The U.S. Versus China’ helps explain how we got here.
Revolutionizing Retail: Cust2Mate's Smart Carts Enhance Security and Shopping Experience
Cust2Mate is a leading innovator in retail technology, aiming to revolutionize the shopping experience. By implementing smart cart technology, the tech company addresses the issue of theft while enhancing the shopper's journey.
Biden Proposes Canceling Student Loan Interest to Tackle Debt Crisis
The Biden administration has unveiled a plan, Plan B, to address the student loan debt crisis. It offers to cancel up to $20,000 in interest for borrowers enrolled in income-driven repayment plans. This proposal aims to reset balances for those facing growing debt due to unpaid interest, benefiting low—and middle-income borrowers. An estimated 25 million borrowers are eligible for some form of interest forgiveness.
It’s a Good Time to Buy Boeing Stock (But a Bad One to Fly on Its Planes)
As we head into the second quarter, there’s an argument in favor of buying Boeing stock. Why? As one expert says, ‘there’s nowhere else to get planes.’
Will China Flood the Globe with EVs, Green Tech? Behind the Latest US-China Fight
China’s burgeoning production of electric cars and other green technologies has become a flashpoint in a new U.S.-China trade fight.
Bitcoin’s Q1 Surge and What’s Next with Correspondent Remy Blaire
Cheddar Correspondent Remy Blaire discusses Bitcoin’s Q1 surge and upcoming halving. Will the momentum continue?
Miss Uber Pool? The Next Big Trend in Rideshare Could be Carpool Apps
With inflation and prices still on the rise, it might be worth considering a carpool app. One of them, Singapore-based Ryde, just went public in the U.S.
Cheers to Beer: Samuel Adams’ Craft Revolution & Future Plans
Celebrate National Beer Day with Samuel Adams! Explore the craft beer revolution, future plans, and support for local entrepreneurs.
