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Ultra-left wing media empire faces financial crisis. News Team

Viacom, the parent company of MTV, BET, Nickelodeon, Comedy Central, VH1, Dreamworks, and Paramount Pictures, is facing a major financial crunch. Viacom is a subsidiary of National Amusements, which also owns CBS.

Viacom/National Amusements is one of six huge media conglomerates that together own most media outlets in the entire US from movies to publishing companies. Many of Viacoms networks are aimed at children and teens making them probably the worst promoters of sleaze, degeneracy, miscegenation, and left wing propaganda of the six.

The chairman and CEO of Viacom/National Amusements is Sumner Murray Redstone. He is the son of media mogul Michael Rothstein, who was one of the creators of the American film industry in the 1930’s. He changed the family name to Redstone during the creation of his film empire. Today the Redstone family are majority shareholders in Viacom/National Amusements.

From LA Times…

In a major cost-cutting move, Viacom Inc. is slashing more than 850 jobs, or about 7% of its worldwide workforce, and freezing salary increases next year for senior managers across all divisions of the company.

The deepest cuts came at Viacom’s largest division — MTV Networks, which includes cable channels MTV, Nickelodeon, VH1 and Comedy Central. Viacom’s Hollywood movie studio Paramount Pictures let go 140 employees worldwide, including 100 in the U.S. and the remainder in its international operations. Cable channel BET is slashing about 50 jobs.

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