MTV News is set to close its door for an indefinite future after 36 years in the wake of the latest string of mass layoffs at Paramount Global.
The grim decision comes as the company reportedly MTV and Showtime’s staff cut by nearly 25%, unveiled via a memo to employees, reported by the LA Times.
"This is a tough yet important strategic realignment of our group," McCarthy wrote. "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."
Launched in 1987, the network has vastly contributed to the digital media grid with a precise focus on bringing all the latest on music, pop culture, news and politics.
Following the announcement, longtime employees at the network as well as its fans took to Twitter to mourn the “end of an era.”
"This is a very sad day for a lot of friends and colleagues," Josh Horowitz, who has been the face of MTV’s movie coverage since 2006, tweeted. "Many great people lost their jobs. I was hired by MTV News 17 years ago. I’m so honored to have been a small part of its history. Wishing the best for the best in the business."
"Wow! MTV News announced it will be shutting down - literally the end of an era," TV host Aliya Jasmine wrote. "Huge part of my career was anchoring this iconic show for over a decade… formed me, formed a few generations… wow."