After 36 years of operation, MTV News is coming to an end as part of Paramount Global's larger layoffs, 'Pitchfork' reports. 25% of staff employed by MTV Entertainment Studios, Paramount Media Networks and Showtime were let go on May 9. The layoffs come after MTV made significant staff cuts in 2017. Chris McCarthy, Showtime/MTV Entertainment Studios and Paramount Media Networks president, said leaders and HR:, “made the very hard but necessary decision to reduce [the] domestic team by approximately 25%.”