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☆ MTV News to shut down as Paramount slashes US workforce
▼ + stars: | 2023-05-09 | by ( Liam Reilly | ) edition.cnn.com time to read: +2 min

New York CNN —Paramount Media Networks announced Tuesday it will shutter MTV News and slash its US workforce by 25%, bringing to an end the iconic music video network’s news division that once covered a range of issues from pop culture to politics and became a household name for Generation X and Millennial adolescents. During the ’90s, MTV News also provided an alternative to traditional cable news that appealed to young Americans. In addition to MTV News, some units in the company are being eliminated altogether, most of which are operations, a Paramount spokesperson said. CNN, The Washington Post, NPR, Gannett, Vox Media, NBC News and others have also cut their workforces in recent months. The Paramount Media Networks division is cutting staff by 25%.

☆ ‘Yellowstone,’ TV’s Hit Western, Will End Its Run After This Season
▼ + stars: | 2023-05-05 | by ( Marc Tracy | ) www.nytimes.com time to read: +1 min

The current season of “Yellowstone,” the Western starring Kevin Costner that became one of the most popular shows on television, will be its last, Paramount announced Friday. The series, which airs on the Paramount Network, will be followed by a new “Yellowstone” sequel — created, like the original, by Taylor Sheridan — that will start in December, Paramount said. The sequel will air on the Paramount Network, a cable channel, and later on the Paramount+ streaming platform. Its Season 4 finale was the most-watched scripted program in 2022, Variety reported, with more than 13 million viewers. And the Season 5 premiere last November exceeded that with more than 17 million viewers, according to Paramount.

☆ The tech layoff contagion is hitting automakers — but it's not like what's happening at Google, Meta, and Microsoft
▼ + stars: | 2023-03-15 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

But the downsizing wave hitting the automotive industry isn't quite the same as the one plaguing tech giants like Google, Meta, and Microsoft. Silicon Valley takes a lesson from DetroitLayoffs and buyouts are nothing new to the automotive industry, especially in the last few years. In French's view, the tech industry is taking a page from Detroit's playbook as it trims its ranks this year. He's skeptical of claims that tech companies are already victims of an economic downturn, and instead believes these companies are bracing for the worst before a true "bloodbath." "Tech companies are taking the lead from what automotive companies have done in the past and trying to brace for that downturn before it really hits."

☆ Paramount is integrating Showtime into its streaming service and giving the premium network a new name
▼ + stars: | 2023-01-30 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

Hello, Paramount+ With Showtime. The premium television network is getting its first name change in the channel’s 47-year history, Paramount Global boss Bob Bakish announced to staffers Monday. Merging Showtime and Parmount+ on streaming will be a far more compelling offering to consumers versus trying to convince them to subscribe to each service separately. “With Showtime’s content integrated into our flagship streaming service … Paramount+ will become the definitive multiplatform brand in the streaming space — and the first of its kind to integrate streaming and linear content in this way,” Bakish wrote in his memo. Showtime canceled “Let the Right One In” and “American Gigolo,” while also choosing not to move forward with “Three Women.”

☆ Showtime to combine with Paramount+, rebrand with new name
▼ + stars: | 2023-01-30 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

In this photo illustration, Paramount+ (Paramount Plus) logo is seen on a smartphone against its website in the background. Paramount Global is further joining its streaming and cable TV business by combining its Showtime TV network and streaming service, Paramount+. The company said Monday it plans to integrate Showtime's streaming service fully into Paramount+, its marquee standalone streaming platform and response to the streaming wars. As part of this integration, the premium cable TV network, known for shows like "Yellowjackets," "Billions," and "Dexter," will be rebranded as Paramount+ with Showtime. Paramount+ starts at $4.99 a month, and Showtime's streaming service is $10.99 a month.

☆ Watch CNBC's full interview with Paramount Media Networks CEO Chris McCarthy
▼ + stars: | 2022-12-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Paramount Media Networks CEO Chris McCarthyChris McCarthy, Paramount Media Networks and MTV Entertainment Studios president and CEO, joins CNBC's 'Squawk Box' to discuss the company's streaming strategy and upcoming content. "The winner of this war is not going to be the one who spends the most money," McCarthy tells CNBC.

☆ The streaming wars winner will not be the one that spends the most, says Chris McCarthy
▼ + stars: | 2022-12-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe streaming wars winner will not be the one that spends the most, says Chris McCarthyChris McCarthy, Paramount Media Networks and MTV Entertainment Studios president and CEO, joins CNBC's 'Squawk Box' to discuss the company's streaming strategy and upcoming content.

☆ Automakers desperately need new workers — with new skills — to build electric cars
▼ + stars: | 2022-12-16 | by ( Alexa St. John | ) www.businessinsider.com time to read: +5 min

They're looking for lots of workers — and the current automotive workforce can leverage its skills. There are a variety of new opportunities available, industry experts say. That means workers with skills in construction, manufacturing, and engineering, especially those willing to be flexible, could see plenty of opportunities, experts say. But first, the industry needs factories to build those batteries — and workers to construct them. You're not going to necessarily take somebody that's working on an assembly line and now you need software production experts," McCarthy said.

☆ 'The Daily Show' reveals Chelsea Handler, Leslie Jones and John Leguizamo will guest host
▼ + stars: | 2022-12-06 | by ( Dan Heching | ) edition.cnn.com time to read: +1 min

CNN —The end of an era is fast approaching at Comedy Central’s “The Daily Show,” and the network has announced at least the first phase of plans for what’s to come next. Following longtime host Trevor Noah’s imminent departure, the network shared this week that comedy legends including Al Franken, Chelsea Handler, D. L. Hughley, Leslie Jones, John Leguizamo, Hasan Minhaj, Kal Penn, Sarah Silverman, Wanda Sykes and Marlon Wayans will fill in as host of the late-night show starting Tuesday, January 17th, as part of its “next chapter”. Courtesy Comedy CentralNoah’s final show is set to air this Thursday. The network has yet to announced whether guest hosts will revolve indefinitely or if a permanent, individual host will be named soon. “The Daily Show” airs weeknights at 11:00 p.m. ET/PT on Comedy Central and is available the following morning on Paramount+.

☆ Showtime chief’s departure signals Paramount is moving forward on its plan to merge streaming services
▼ + stars: | 2022-10-06 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

Paramount Global executive David Nevins, who joined Showtime in 2010 and has run the premium network since 2016, is leaving the company at the end of the year. Paramount Global announced Thursday that it's moving Showtime's network business under the leadership of Chris McCarthy, who runs other linear cable networks such as MTV and Comedy Central, and the streaming service under Tom Ryan, who runs Paramount Streaming. The moves come as the company is considering the idea of merging Showtime into Paramount+ and using the network's hit programming to fuel Paramount+ subscriptions, according to people familiar with the matter. The company's goal is to have Paramount+ be one of the five largest global streaming services, along with Warner Bros. "We are always exploring options to maximize the value of our content investment by giving consumers access to great Paramount content — including the iconic, groundbreaking and premium content offerings of Showtime -- across an array of services and platforms," a Paramount Global spokesperson said.

☆ MTV's CMO describes how she built hype around revivals of 'The Hills' and 'Jersey Shore,' and the network's turnaround effort under Chris McCarthy
▼ + stars: | 2019-07-29 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +9 min

The network has seen an early lift in linear-TV ratings since reviving unscripted franchises from the 2000s like "Jersey Shore" and "The Hills." Turn on MTV during any weeknight and you might think it's 2010, with new episodes from old reality-TV franchises like "The Hills," "Jersey Shore," and "Teen Mom" rolling out weekly. Parkes spoke with Business Insider about selling nostalgia with revivals like "The Hills: New Beginnings" and the "Jersey Shore" spin-offs as well as courting the next MTV generation. It followed another MTV revival, a dating spin-off of "Jersey Shore," called "Double Shot at Love with DJ Pauly D and Vinny." For the premiere of "The Hills," it was 24% — close to the 25% the "Jersey Shore: Family Vacation" spin-off had.

Persons: Jacqueline Parkes, Parkes, Chris McCarthy, Alexa, Natasha Bedingfield, —, DJ Pauly D, Vinny, Sean, Diddy, Combs, McCarthy, McCarthy's Wharton, Colleen Fahey Rush, IndieWire, Nina Diaz, They're, Tim Nolan Organizations: MTV, Viacom, VH1, CMT, Viacom's Digital Studios, Business, Twitter, Nielsen, CBS, Hollywood Reporter, Wall, Macquarie Capital Locations: Jersey, California, New Haven , Connecticut, New England, New Jersey , Arizona, Southern California

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