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MTV Entertainment Studios, Comedy Central Executives Depart Amid Paramount Layoffs
Lauren Ruggiero, SVP Scripted at MTV Entertainment Studios, is departing as part of a round of layoffs impacting 3.5% of Paramount Global's staff.
During her tenure, Ruggiero has been a top lieutenant of Keith Cox, now President of scripted for MTV Entertainment Studios and Showtime. The departure of a high-level programming executive like Ruggiero comes amid speculation about the future of MTV Entertainment Studios as a standalone entity should Skydance’s acquisition of Paramount get regulatory approval. “As we navigate the continued industry-wide linear declines and dynamic macro-economic environment, while prioritizing investments in our growing streaming business, we are taking the hard, but necessary steps to further streamline our organization starting this week,” Paramount co-CEOs George Cheeks, Chris McCarthy and Brian Robbins wrote in a staff memo this morning about the staff cuts.
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