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CBS Poised To Buy Half Of TV Guide, Partner With Lionsgate


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#1 OFFLINE   APB101

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Posted 25 March 2013 - 08:31 AM

CBS Poised To Buy Half Of TV Guide, Partner With Lionsgate

By Nellie Andreeva (03.22.2013)
@ http://www.deadline....with-lionsgate/


EXCLUSIVE: CBS Corp, which already owns/co-owns broadcast networks CBS and the CW, pay cable network Showtime, and international TV channels, is adding a domestic basic cable network to its portfolio. I’ve learned that it is nearing a deal to acquire JP Morgan’s One Equity Partners’ interest in TV Guide, the company that encompasses the TV Guide Network, recently rebranded as TVGN, and TVGuide.com. With the deal, which could close as early as next week, CBS will become a 50–50 partner with TV Guide co-owner Lionsgate Entertainment, which originally acquired TV Guide in February 2009 for $241.6 million. I hear CBS will play slightly less than the $122.4 million One Equity Partners shelled out for 49% of TV Guide in June 2009 with an option to increase its stake by 1%.



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#2 OFFLINE   Paul Secic

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Posted 25 March 2013 - 11:04 AM

CBS Poised To Buy Half Of TV Guide, Partner With Lionsgate

By Nellie Andreeva (03.22.2013)
@ http://www.deadline....with-lionsgate/


TV Guide is junk.

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#3 ONLINE   dpeters11

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Posted 25 March 2013 - 11:29 AM

I was actually going to ask (in all seriousness), is TV Guide really relevant anymore? I'm sure there are still people out there that don't have an interactive guide, but its got to be a limited market, since it doesn't require a DVR.

#4 OFFLINE   mreposter

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Posted 26 March 2013 - 04:12 AM

I was actually going to ask (in all seriousness), is TV Guide really relevant anymore? I'm sure there are still people out there that don't have an interactive guide, but its got to be a limited market, since it doesn't require a DVR.


TV Guide, the magazine, is a separate business. This deal is for the TV channel and the website only. And if you haven't tuned into this channel in the last few years it isn't a programming/channel guide anymore it's mostly reality type programming and entertainment news.
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#5 OFFLINE   phrelin

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Posted 26 March 2013 - 02:26 PM

This is the first jump by CBS into a non-sports, non-premium cable channel. Presumably the plan will be to compete with NBCU's USA and Bravo. It has significant meaning in that CBS to date has focused on the broadcast channel and Showtime. It is the only major broadcast network that did not have a cable channel under its corporate umbrella. The company does own 50% of The CW, also a broadcast network.

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#6 OFFLINE   ThomasM

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Posted 27 March 2013 - 05:51 PM

Sure glad it has nothing to do with the magazine which I subscribe to and enjoy reading. Right now the web site is very integrated with the magazine so it will be interesting how things change if this deal goes through.

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