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'End Of An Era': MTV Pulling Plug On Global Music Channels [Barron's]

Paramount Skydance Corporation - Class B (PSKY) 
Company Research Source: Barrons
More than four decades later, the channel, now owned by US media giant Paramount Skydance, will wind down its international music broadcasting by the end of the year as it struggles to compete with online streaming and social media. Advertisement - Scroll to Continue MTV Music, MTV Hits and its 80s and 90s music shows will be shut down in the UK and other European countries in the coming months, sources at Paramount confirmed to AFP. These music channels will stop broadcasting at the end of the year in France, Germany, Poland, Australia and Brazil as well, according to various media reports. It has been declared the "end of an era" by dismayed fans and former MTV video jockeys -- the beloved music presenters known as VJs who appeared on millions of screens at the the height of the network's popularity. However, the conditions that made MTV "revolutionary" simply "don't exist anymore", said Kirsty Fairclough, a professor of screen studies at Manchester Metropolitan Universit Show less Read more
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