The New York Times Co. plans to shutter its television production unit, resulting in the loss of 24 jobs. It is focusing its efforts on the Discovery Times Channel, a 50-50 joint venture it formed with Discovery Communications a 1½ years ago.
The production division, which generated about $15 million in annual revenue, produced Times-branded shows as well as fare for other channels including PBS, A&E and Showtime, spokesman Toby Usnik said Wednesday.
Company declined to release other financial details about the production unit.
About a half-dozen employees will remain with the Times to coordinate the production of programs for the Discovery Times Channel.