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MTV Fires 100 As Part Of Move Toward New Media

MTV Networks laid off close to 100 employees in its MTV Music Group and corporate HR departments yesterday, in a reallocation of resources that sees the new Viacom focused on developing its new media businesses, according to the Hollywood Reporter. Unnamed sources said the cuts went up to the VP level. Separately, MTV Networks struck a deal with mobile entertainment firm Amp'd Mobile in which the two companies will develop original content for Amp'd Mobile users.

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