Paramount, formerly known as ViacomCBS, did not immediately respond to a Reuters’ request for comment.

Paramount Global slashing 25% of staff, shutting down MTV News: report

By News on the Net -- New York Post——Bio and Archives--May 9, 2023

Media company Paramount Global, looking to reduce costs as it merges its Showtime and MTV networks, is letting go about 25% of the staff in its domestic cable networks, Bloomberg News reported on Tuesday.

Employees are being notified Tuesday, according to the report. ---More...

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