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UPDATE: TV Guide Slashes Jobs Following Merger

Number of positions terminated not immediately clear.



By Jason Fell
04/30/2008

TV Guide has laid off an undisclosed number of staffers in association with parent company Gemstar-TV Guide's announcement that its stockholders have approved the company's proposed merger with Macrovision Corporation, a TV Guide spokesperson has confirmed.

The spokesperson declined to comment on specific terminations, andĀ a Macrovision spokesperson did not return a phone call seeking further detail.

Gemstar-TV Guide and Macrovision agreed last December to acquire Gemstar for $2.8 billion in cash and stock. Following yesterday's announcement, the merger is expected to take effect May 2.

It is unclear whether Macrovision intends to find a buyer for the publishing business, including TV Guide.

By Jason Fell
04/30/2008




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