Sorry Gen Xers and Millennials, MTV Information Is Shutting Down After 36 Years – E! On-line

It is the top of an MTV period.

The community’s MTV Information division has shut down 36 years after its inception, in line with a number of retailers.

The closure comes after the channel’s father or mother firm “made the very laborious however obligatory choice to cut back our home workforce by roughly 25 p.c,” mentioned Chris McCarthy, Showtime/MTV Leisure Studios and Paramount Media Networks president, in a workers memo obtained by Variety.

“This can be a powerful but essential strategic realignment of our group,” the memo reportedly learn. “By means of the elimination of some models and by streamlining others, we can scale back prices and create a more practical method to our enterprise as we transfer ahead.”

MTV Information was first launched in 1987 with The Week in Rock, a information program hosted by Kurt Loder. The present was later renamed to MTV Information, with the likes of SuChin Pak, Gideon Yago and Meredith Graves serving as correspondents overlaying music and popular culture through the years.