The TV Guide Channel will take the weekly talk show "TV Watercooler" off the air starting June 22, The Hollywood Reporter says.
Additionally, the channel will turn daily entertainment newsmagazine "Hollywood 411" into a weekly show starting June 26, while the weekly series "Infanity" will continue as a series of specials starting June 22.
The show downgrades have resulted in 38 layoffs in in-house production.
"This is a shift in programming resources and priorities. We’re reducing existing in-house made shows to spend more on acquiring new product," said a rep for Lionsgate, which acquired the channel from Macrovision.
Lionsgate sold a 49% stake in the channel to JPMorgan Chase’s One Equity Partners two weeks ago.