MTV stands for Music Television. It is a cable and satellite television channel that originally aired music videos and music-related programming, but has expanded to include reality shows, scripted series, and other non-music programming. MTV is known for launching the careers of many famous popstars and musicians.
Note: The provided meaning of the answer is for the latest New York Times crossword puzzle clue: Cable channel with its own awards show. Explanations are generated by AI and may be inaccurate.