Near-Sighted (Tele)Vision
Paul Allen sold TechTV to Comcast Corp. yesterday for below $300 million. Allen took a loss on the station, which he unsuccessfully tried to fold into his own cable network, Charter Communications.
But rather than continue to build on TechTV, which currently employs about 300 people -- and which features programs such as "Robot Wars" and "Spy School" -- Comcast intends to merge it with its video game network, G4. That network employs 200 people, and layoffs are expected. [Fast Company Now]
I heard about this yesterday, but hadn't really read much about it yet, but really hope things go well for the TechTV side of this. G4 has always seemed like an interesting experiment that never quite worked. I'm hoping that Comcast keeps TechTV mostly as it is and folds parts of G4 into that programming. As long as they don't get rid of Morgan I'll be happy (though I'd hate to see anyone over on TechTV get dumped).
