If you watched VH-1 in the 90s or 2000s, you likely remember their Save The Music campaign. The channel created the foundation to aid music education programs around the country. This week, the company that owns VH-1, Paramount Global, announced it was withdrawing its support of the foundation. So the group has gone independent.
www.countryinsider.com
This announcement makes me wonder about the future of VH-1 as a channel as Paramount restructures in the coming year. This article puts the story in context:
Save The Music Breaks From Paramount, Launches Endowment Effort.
Save the Music, formerly VH1 Save the Music, has separated from Paramount Global to become a fully independent 501(c)(3) nonprofit and has launched a campaign to establish a $10 million
This announcement makes me wonder about the future of VH-1 as a channel as Paramount restructures in the coming year. This article puts the story in context:
Paramount’s decision to nix funding comes during a financially perilous time for the storied media conglomerate. Last year, the company laid off 15% of its US staff and wrote down $6 billion in value of its cable television networks as part of its efforts to eliminate $500 million in annual costs. It’s also in the midst of an $8.4 billion merger with Skydance Media.