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, Folio reports.
The spokesperson declined to comment on specific terminations, and did not immediately return an e-mail 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.
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