MTV Will Lose 250 Jobs

In an effort to focus more on fast growing digital entertainment, Viacom’s MTV Networks will cut 250 jobs nationwide. “These moves are necessary to best align us for the future,” MTV Networks Chief Executive Judy McGrath said in a memo. These layoffs represent about 6% of the company’s 4,500 workforce worldwide. http://www.latimes.com/entertainment/news/business/la-fi-mtv13feb13,1,2551604.story?ctrack=1&cset=true