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
Talking Luxury and TikTok with Neiman Marcus
Neiman Marcus Group CEO Geoffroy van Raemdonck talks luxury shopping and TikTok, why the company prefers to be private for now, and the benefits of flexible work arrangements.
The U.S. Could be Headed for a Recession
Rebecca Walser, founder and CEO of Walser Wealth Management, discusses how geopolitical conditions, the bifurcated economy, and other volatility could weigh on markets.
Stellantis Lays Off 400 Workers As Automakers Look Toward the Future with EVs
Jeep maker Stellantis announced their planned layoffs as it deals with the transition from combustion engines to electric vehicles.
#KateGate is Over: Princess of Wales Announces She Has Cancer
The video announcement Friday came after weeks of speculation spread on social media about her whereabouts and health since she was hospitalized in January for unspecified abdominal surgery.
Big Business This Week: The Future Is Electric, Reddit IPO Goes Boom, Lower Interest Rates on the Horizon
Reddit comes out swinging, Biden seeks to slash vehicle emissions and Trump seeks a get cash quick deal.
Combining ‘Immersive Media’ and Philanthropy
Chip Giller, co-founder, and Amy Seidenwurm, Chief of Programs and Strategy at Agog: The Immersive Media Institute, discuss how the organization uses the virtual world to make real change.
Equality for Women at Work ‘Starts with Self Advocacy’
Luminary founder and CEO Cate Luzio shares some of the company’s latest Women’s History Month events and why there’s so much to celebrate about women in the workplace.
Should You Take a Promotion with No Pay Increase?
WSJ reporter Ray Smith breaks down why more companies are offering ‘dry’ promotions – a responsibility or title bump with no pay raise – and the pros and cons of accepting them.
5 Money-Making Apps to Boost Your Bank Account
Find your dollars dwindling? These apps can help.
