Just proceed as you will do for a movie and whatever the method you use (for instance with CQMatic) when it's time to give the target size, just give 400 MB or even 200 MB if you want to have 4 ep by disc.
That is not the most efficient way, but that is the easiest.
When I do TV show I use to do them in 352*288, LBR (that is video bitrate limited to 1600), 112 Kbit/s for audio. And I put easily 6x23 minutes on a CD80 with this.
I wonder if DIKO can do that ? I think it can output also to KVCD, no ? Vmesquita are you here ?