MTV News signs off after 36 years as result of Paramount Media Networks, Showtime cuts

MTV News signs off after 36 years as result of Paramount Media Networks, Showtime cuts

MTV News is no more.

What was created to expand the stable of programming that defined the cable channel MTV, after 36 years, it is a casualty as part of larger layoffs at parent company Paramount Global.

MTV News debuted in 1987 with “The Week in Rock,” which was hosted by correspondent Kurt Loder, became part of mainstream television.

Perhaps its biggest moment came in 1994 when President Bill Clinton appeared on MTV’s “Enough Is Enough, in which he was asked if he wore boxers ad briefs. Town halls followed with Barack Obama, John McCain and more.

Layoffs will be hitting 25 percent of employees across the Showtime, MTV Entertainment Studios and Paramount Media Networks in the U.S. on Tuesday.

In a memo to staff and obtained by Variety, Showtime/MTV Entertainment Studios and Paramount Media Networks president Chris McCarthy said that, despite Paramount’s “success in streaming, we continue to feel pressure from broader economic headwinds like many of our peers,” and that “senior leaders in coordination with HR have been working together over the past few months to determine the optimal organization for the current and future needs of our business.”

“As a result, we have made the very hard but necessary decision to reduce our domestic team by approximately 25%,” McCarthy said. “This is a tough yet important strategic realignment of our group. Through the elimination of some units and by streamlining others, we will be able to reduce costs and create a more effective approach to our business as we move forward. Today we will notify employees whose positions are being impacted with leaders communicating the news directly to those teams/or individuals. These meetings will be followed by individual 1:1s with our HR partners.”

Mark Heim is a reporter for The Alabama Media Group. Follow him on Twitter @Mark_Heim.