MTV News is shutting down after 36 years as MTV parent company Paramount Global undergoes mass layoffs in a bid to reduce costs.

On Tuesday, the media conglomerate said it was cutting its domestic workforce by 25% across units run by Chris McCarthy, the president of Paramount Media Networks and Showtime/MTV Entertainment Studios with some divisions, like MTV News, shuttered entirely.

In a memo to staff, McCarthy said the decision came amid pressure from broader economic headwinds now hitting various U.S. newsrooms.

MTV News was launched in 1987 with a show called The Week in Rock featuring former Rolling Stone writer Kurt Loder , who quickly became the face of the news division. Its broadcasts became appointment viewing for an entire generation of pop culture enthusiasts in an era before the internet.

Reporters for the network informed millions of fans about important events in music history, such as Freddie Mercurys death in 1991 and Tupac Shakurs killing in 1996.