MTV was launched on August 1, 1981, at 12:01 a.m., under the ownership of Warner-Amex Satellite Entertainment. On June 25, 1984, Warner Communications spun-off Nickelodeon, MTV into a new public corporation called MTV Networks. As of November 2023[update], MTV is available to approximately 67,000,000 pay television households in the United States, down from its 2011 peak of 99,000. The channel's programming has covered a wide variety of genres and formats aimed at adolescents and young adults.
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