Gemstar-TVGuide Sale To Macrovision Means Layoffs; F+W Publications Cuts Staff By 30
This story was written by David Kaplan.
TV Guide is laying off staff following shareholder approval of the $2.8 billion merger of Gemstar-TVGuide with Macrovision (NSDQ: MVSN), according to Folio. The deal is expected to close Friday. A TV Guide spokesperson confirmed the layoffs to Folio but sans number or title.
Folio also reported today about a round of layoffs at F+W Publications, where 30 jobs were cut as the company shifts resources to online. F+W is owned by private equity firm ABRY Partners, which also owns Cygnus Business Media. As part of its recent digital moves, F+W is working with NBC Sports on a four-city fantasy football program. NBC Sports will showcase the August 30 event in Las Vegas, New York, Chicago and Orlando on August 30 on the MSNBC fantasy sports site Rotoworld.com and in F+W's FantasySports mag.
By David Kaplan