TORONTO -- Ontario's publicly funded broadcaster is cutting up to 40 positions and cancelling "Saturday Night at the Movies" after a nearly four decade run as part of an effort to save $2 million.

TVO says it will put more resources into "digital innovation in children's educational media" and current affairs as it addresses reduced government funding.

The broadcaster says its plan will see 35 to 40 current employees "leave" TVO between now and the end of March 2013.

As a results, TVO will have fewer staff dedicated to traditional TV production and a enhanced focus on digital technology.

The current season of "Saturday Night at the Movies" will be its last. "Allan Gregg in Conversation" and "Big Ideas" will also go off the air in the spring.

TVO says it plans to include some "Big Ideas" lectures as part of "The Agenda with Steve Paikin."