MTV News SHUTS DOWN, suffering the same fate as fellow leftist BuzzFeed News

Thursday, May 11, 2023 by: Ramon Tomey
Tags: Breitbart, Bubble, BuzzFeed News, Collapse, debt collapse, downsizing, economic riot, finance riot, john nolte, Journalism, layoffs, left cult, mainstream media, market crash, money supply, MTV News, news cartels, Paramount Global, risk, shutdown

(Natural News) MTV News has announced that it will shut down, with the development following the closure of fellow leftist BuzzFeed News.
John Nolte,senior writer for Breitbart, elaborated on the news in a May 10 piece. He wrote that Paramount Global, MTV News‘ parent company, announced the closure as part of its 25 percent staff reduction “across the Showtime, MTV Entertainment Studios and Paramount Media Networks groups in the United States.”
Chris McCarthy, president of Showtime, MTV Entertainment Studios and Paramount Media Networks, said in a statement: “We have made the very hard, but necessary decision to reduce our domestic team by approximately 25 percent. This is a tough yet important strategic realignment of our group.”
“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,” he continued. The announcement essentially ended the 36-year-run of MTV News.
McCarthy noted that despite the success of the Paramount+ streaming service, the company continues “to feel pressure from broader economic headwinds.” Aside from permanently closing MTV News and laying off 25 percent of employees, Paramount Global will be merging nine teams into one.
Nolte said MTV News now joins “the growing list of left-wing news outlets that have been closed down or faced massive layoffs.” He continued: “This ongoing wipeout of the left-wing media and entertainment industry marches on, even as conservative media and entertainment expand.”
The Breitbart senior writer also lamented that the free spirit closely associated with the MTV brand – and MTV News by extension – has long been gone. He recounted: “MTV used to be associated with fun and sex, everything that made rock n’ roll great. There was a time when everyone could relate to what [it] was selling, which was freedom.”
“Today, that MTV is gone forever – another cog in the oppressive left-wing corporate conformity that’s currently destroying all of our institutes. MTV is as uptight and bossy as the prigs [it] once ridiculed.”
Left-wing news outlets are falling by the wayside

Last month, BuzzFeed News announced that it would permanently close after more than 10 years. BuzzFeed CEO Jonah Peretti broke the news in an April 20 email to staff members, which Ben Mullin of the New York Times then posted on Twitter. (Related: Left-wing FAKE NEWS BuzzFeed News shuts down after running out of money.)
Aside from BuzzFeed News’ permanent closure, Peretti also announced that 15 percent of staff members will be laid off. About 180 employees out of the company’s 1,200 headcount were axed as part of downsizing measures. The layoffs would affect BuzzFeed‘s business, content, administration and technology teams.
The BuzzFeed CEO also wrote that management is “proposing headcount reductions in some international markets.”
“We are reducing budgets, open roles, travel and entertainment and most other discretionary, non-revenue-generating expenditures. Just as we reduced our footprint in [New York City] last year, we will be reducing our real estate in Los Angeles from four buildings down to one. [This] saves millions in costs as well as mirrors our current hybrid state of work.”
“The reason BuzzFeed News is closing is because [it] sucks,” Nolte wrote in an April 20 piece. “BuzzFeed News has always sucked … and it has never made money.”
According to Nolte, BuzzFeed News “made a cottage industry out of attacking Breitbart with lies and gossip.” The outlet established in 2011 was the only news site that published the now-discredited bogus Steele dossier that maligned former President Donald Trump.
“The whole thing was biased and dull and doomed from the start,” Nolte concluded. “Now, it’s finally over.”
Visit for more stories about the collapse of left-wing news outlets.
Watch Tarl Warwick discussing the collapse of news outlets BuzzFeed News and Vice.

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MTV News SHUTS DOWN, suffering the same fate as fellow leftist BuzzFeed News –