FEARnet has been bought by Comcast who will then merge the content into Syfy and Chiller TV. Comcast realizes the huge demand for horror. Back in 2011, Comcast bought NBCUniversal acquiring Syfy and Chiller TV. Of the 25 employees, 10 will be moving to Syfy or Chiller TV while the remaining 15 employees are now out of a job. This merger is said to take full effect over a “a yet to be determined period of time.”
I am really sad to hear that 15 individuals have lost their jobs and hopefully someone reaches out to those talented individuals with employment opportunities.