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MTV Networks to cut 9 percent of work force
Music video pioneer MTV Networks, owner of the popular cable TV stations MTV, VH1, and Nickelodeon, said Monday it would cut between 8 percent and 9 percent of its work force. Jeanine Smartt, a spokeswoman for MTV Networks, a unit of Viacom Inc., said she did not know the exact number of jobs that would be eliminated under the plan. According to an internal memo obtained by Reuters, the cuts entail absorbing MTV Networks’ online operations into its core business and moving out of separate downtown Manhattan offices. MTV Networks also will consolidate “Nick at Nite” and “TV Land” organizations,… Read more »