Paramount Moves to Cut Costs: Comedy Central, CMT, and More Channels Direct Users to Paramount+ – What’s Next for TV Viewing?
Los Angeles, California – After MTV News abruptly closed down its website, Paramount has taken further steps to streamline its online presence by redirecting users from Comedy Central, CMT, Paramount Network, and TV Land websites to its streaming platform Paramount+. This move comes as Paramount aims for cost-cutting measures following a decline in profits, with plans to reduce costs by $500 million and potentially lay off employees. The transition to Paramount+ means that viewers may …