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The technology cable channel hands 285 employees their walking papers, a move that was widely feared by workers after Comcast announced in March that it would acquire TechTV.
The company plans to merge the cable channel owned by Paul Allen's Vulcan Ventures with its own G4 video game network.
The on-air and online network says it has reduced its staff as part of an effort to reorganize its programming.
The cable channel plans to trade high-tech visionaries and digital music trends for features on the technology behind food processing, football and other everyday phenomena.
Cable TV programmer TechTV says Chairman and Chief Executive Larry Wangberg will resign after nearly five years with the company. After finding a replacement, Wangberg plans to pursue other interests while remaining on the company's board of directors. The cable network and Web site, owned by Vulcan Ventures, Microsoft co-founder Paul Allen's investment firm, shed about a quarter of its staff in November because of the weakened demand for advertising. The company also underwent a shift in ownership during Wangberg's tenure when Vulcan bought TechTV from its founder, Ziff-Davis, in January 2000. TechTV distributes technology news, entertainment, product reviews and updates on tech stocks to about 30 million homes in 70 countries through its TV programming.
The technology-focused cable channel and Web site joins a throng of Internet publishers scaling back or closing altogether after the dot-com bust.
The on-air and online network is launching a live news program Monday on its cable TV channel as well as added content on its companion Web site.
The on-air and online network reduces its staff as part of an effort to reorganize its Web site operations.
On-air and online network TechTV says it has inked a deal with news Web site ABCNews.com to exchange technology-related editorial content that will be featured on both sites. Under the deal, TechTV said it will provide ABCNews.com with the latest technology news and product reviews each week. While the stories will be branded as TechTV content, they will appear on ABCNews.com's Web site in the Science and Technology and MoneyScope sections, according to TechTV. In addition, viewers will find related links to relevant stories on TechTV.com. TechTV is owned by Vulcan Ventures--the investment company of Microsoft co-founder Paul Allen--which purchased it from Ziff-Davis in November 1999 for $320 million. In March, TechTV launched a live news program, dubbed Tech Live, aiming to bolster its coverage on breaking technology news. ABCNews.com is a news service of ABC News and part of the Walt Disney Internet Group.