News Articles

CBS Agrees to Purchase 50% of TV Guide

Channel will remain 'entertainment focused' 3/26/2013 04:46:02 PM Eastern

CBS made it official late Tuesday, announcing a deal to
acquire a 50% interest in TV Guide, parent of cable network TVGN and the
TVGuide.com website.

Deadline.com first reported March 22 that CBS was close to a
deal. CBS will purchase the 50% interest from JP Morgan's One Equity Partners
for an undisclosed sum. Deadline and other news outlets had earlier reported
the stake could sell for about $100 million.

Movie studio Lionsgate, which owns the other half of TV
Guide, first purchased the network and web site in 2009 for $240 million. 
It sold
a 50% interest to One Equity
later that year for about $120 million.

Click
here to read the full story at Multichannel News.

Want to read more stories like this?
Get our Free Newsletter Here!
August

Cloud Summit

Raleigh Marriott City Center, Raleigh, NC

October