MTV News Is Shutting Down

MTV News is shutting down after 36 years. As Variety reports, the TV network’s news division will end as part of a round of layoffs that sees 25% of US jobs slashed across Paramount Media Networks, Showtime, and MTV Entertainment Studios. The layoffs reportedly follow months of internal deliberations about how to reorganize the company as flagship streaming service Paramount+ rebrands as Paramount+ With Showtime.