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: 5G mobile networks will support an internet that's so good you can feel it

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

First self-contained step dimming LED tube

2 hours ago

Samsung Electronics today introduced the industry's first AC Direct step-dimming LED linear replacement for T8 and T12 fluorescent tubes at the National Electrical Contractors Association (NECA) Convention ...

Battery system will be able to light 2,500 homes

3 hours ago

One of the largest, most environmentally-friendly, battery-based energy storage systems in the nation will be installed at the University of California, San Diego the campus announced today (Sept. 29).

User comments : 0