"We are creative leaders who continue to invest in our television and digital future, and to keep winning in this revolutionary environment, we have to refine our business and organizational models as well," CEO Judy McGrath said in an e-mail to employees today. "[W]e will be fine-tuning how we operate in each of our groups -- Music and Logo; Kids and Family; Entertainment; International; Sales and Strategic Services -- in ways that will allow us to better share resources across our brands, and to invest in our linear channels and other key growth areas."
Domestically, the company is looking to expand its digital properties and emerging linear networks (including MTV Tres and MTVU), while the international division is exploring new business models for online and TV.
Ms. McGrath added that department heads will meet with the affected employees over the next few days and that the changes should be complete by the end of the week. An MTV representative said the layoffs include the human resources, public relations and legal departments in addition to programming, and that the company still would make investments in original programming and is thinking about acquisitions.
The news comes on the heels of the departure of President-CEO Michael Wolf, whose replacement has yet to be announced, as well as affiliate sales and marketing head Nicole Browning.