CBS buys half of TV Guide net for $100M

March 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: CBS and Comcast reach long-term deal on fees


Related Stories

Fox joins broadcasters in blocking Google TV link

November 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.

CBS launches app for watching full episodes

March 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.

Recommended for you

Dutch create world's largest man-made wave

October 5, 2015

In a country where most people live below sea level, studying the oceans is a matter of survival. Now Dutch scientists have created the world's biggest man-made wave in a bid to prepare for the worst.


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.