CBS buys half of TV Guide net for $100M

Mar 26, 2013 by Ryan Nakashima

A person familiar with CBS' deal for TV Guide says the broadcaster is buying a 50 percent stake in TV Guide's cable channel and website for nearly $100 million.

The price is less than what JPMorgan Chase's One Equity Partners paid for a similar stake four years ago and brings . into an equal partnership with Lions Gate Entertainment Corp.

The deal terms come from a person who wasn't authorized to speak publicly and spoke on condition of anonymity.

CBS says the channel, available in more than 80 million homes, will continue to focus on entertainment. Details about it will come. It will combine CBS' programming, production and marketing with Lions Gate's resources in movies, TV shows and digital content.

TV Guide magazine isn't part of the deal.

Explore further: Timing is everything in Tour de France sprints

0 shares

Related Stories

CBS launches app for watching full episodes

Mar 14, 2013

CBS Corp. launched an app for iPhones and iPads that allows viewers to watch full episodes of prime-time TV shows like "NCIS," ''Survivor" and "The Good Wife" on the eighth day after their debut on air.

Fox joins broadcasters in blocking Google TV link

Nov 11, 2010

(AP) -- News Corp.'s Fox has joined broadcasters ABC, CBS and NBC in blocking access to full episodes of shows when searched from Google TV's Web browser, according to a person at Fox familiar with the matter.

Recommended for you

Timing is everything in Tour de France sprints

5 hours ago

They say there is no such thing as second place in the Tour de France. The competition is hot, and the individual cyclists and their teams need to cover every possible detail in order to get the edge require ...

Cuba's new wifi hotspots attract eager users

Jul 03, 2015

Near the popular Hotel Habana Libre in Cuba's capital, a gaggle of young people on cellphones, tablets and laptops log onto the new wifi hotspot—a small milestone in one of the least connected countries.

EU roaming charges to be abolished in 2017 (Update)

Jun 30, 2015

The European Union said Tuesday it had struck a deal to abolish mobile phone roaming charges in 2017, ending fees loathed by millions of holidaymakers and business travellers across Europe.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.