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: Cruising high seas, engineers detect fake GPS signals

not rated yet
add to favorites email to friend print save as pdf

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

Microsoft unveils Xbox in China as it faces probe

4 hours ago

Microsoft on Wednesday unveiled its Xbox game console in China, the first to enter the market after an official ban 14 years ago, even as it faces a Chinese government probe over business practices.

Teens love vacation selfies; adults, not so much

4 hours ago

(AP)—Jacquie Whitt's trip to the Galapagos with a group of teenagers was memorable not just for the scenery and wildlife, but also for the way the kids preserved their memories. It was, said Whitt, a "selfie ...

Tiny UAVs and hummingbirds are put to test

5 hours ago

Hummingbirds in nature exhibit expert engineering skills, the only birds capable of sustained hovering. A team from the US, British Columbia, and the Netherlands have completed tests to learn more about the ...

US spy agency patents car seat for kids

8 hours ago

Electronic eavesdropping is the National Security Agency's forte, but it seems it also has a special interest in children's car seats, Foreign Policy magazine reported Wednesday.

User comments : 0