ATLANTA - Cable channel CNN/Sports Illustrated will go off the air May 15, the network said. <br>
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Corporate parent AOL Time Warner announced earlier this year it would scrap the sports channel, which has never turned a profit in five years on the air. It is available in about 20 million households. <br>
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About one-third of CNN/SI's 200 employees will keep their jobs and be transferred to CNN or CNN Headline News. The other workers will be offered severance and allowed to apply for jobs elsewhere in AOL Time Warner. <br>
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The parent company is negotiating with the National Basketball Association to develop a new network that would focus on sports events rather than sports news. AOL Time Warner is aiming for a launch in the fall.
