Entertainment
Paramount Cuts 25% of Domestic Cable Staff, Ends MTV News
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Paramount Global, looking to reduce costs as it copes with a loss of traditional TV viewers, is letting go about 25% of the staff in its domestic cable networks and shutting down MTV News after four decades on the air.
Employees are being notified Tuesday, the company said in a statement. Paramount is combining nine separate teams into one. It had already announced plans to merge its Showtime and MTV studios.