STORY CONTINUES BELOW THESE SALTWIRE VIDEOS
(Reuters) -Media firm Paramount International, trying to scale back prices because it merges its Showtime and MTV networks, is letting go about 25% of the workers in its home cable networks, Bloomberg Information reported on Tuesday.
Staff are being notified Tuesday, based on the report.
Paramount is combining 9 separate groups into one and among the many items being shut down is MTV Information, Bloomberg Information reported.
Paramount, previously referred to as ViacomCBS, didn’t instantly reply to a Reuters’ request for remark.
(Reporting by Chavi Mehta and Aditya Samal in Bengaluru; Modifying by Shounak Dasgupta)