Gen Xers and Millennials uttered a collective gasp on May 9, 2023, when Paramount announced it was shutting down MTV News after more than three decades of operation.
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.