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Paramount Announces Layoffs, Shuts Down MTV News

Paramount is the latest media company to announce wide-scale layoffs.

Paramount Media Networks and Showtime/MTV Entertainment Studios will lay off roughly 25% of their workforce.

Part of the cuts include shutting down MTV News, a division that's been around since the late 1980s.

CEO Chris McCarthy called it "a tough yet important strategic realignment".

Photo Credit: Getty


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