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CBS Corp In Talks To Take Full Control Of TVGuide.com, Acquiring Lionsgate’s 50%

By NELLIE ANDREEVA | Friday May 3, 2013 @ 4:53pm PDTTags: Big Deals TV, CBS Corp, Lionsgate, TV Guide
Nellie Andreeva

EXCLUSIVE: A month after CBS Corp acquired 50% of TV Guide, the company that encompasses TVGN (formerly TV Guide Network) and TVGuide.com, I hear CBS is in the process of taking full ownership of TVGuide.com. CBS has been in a 50-50 partnership with Lionsgate on TV Guide since buying the stake previously owned by One Equity Partners for about $100 million in late March. I’ve learned that CBS is in negotiations with Lionsgate about acquiring its half of TVGuide.com. The website had been valued at about $20 million, and I hear CBS is paying a little shy of $10 million for Lionsgate’s half of the Web property. I hear DirecTV had been in exclusive negotiations to acquire TVGuide.com, but the talks did not result in a deal. CBS then decided to step in and incorporate TVGuide.com into its CBS Interactive division, which includes the similar-focused TV.com as well as CNET, CBS.com, CBSSports.com, GameSpot, BNET and Last.fm.

Related: Brad Schwartz Named President Of TVGN

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It’s Official: CBS Acquires Half Of TV Guide, Partners With Lionsgate

By NELLIE ANDREEVA | Tuesday March 26, 2013 @ 1:03pm PDTTags: Big Deals TV, CBS Corp, Lionsgate, TV Guide
Nellie Andreeva

CBS Corp. just announced that it is acquiring 50% of of TV Guide, the company that encompasses TVGN (formerly TV Guide Network) and TVGuide.com. The deal adds a basic cable network to its TV portfolio, which includes broadcast networks (CBS and the CW), a pay cable network (Showtime), international TV channels, a TV studio and syndication unit. As we first reported on Friday, CBS is taking over the TV Guide stake held by One Equity Partners, the private-equity arm of J.P. Morgan Chase, which owned 49% of the company, with an option to buy another 1%. CBS is said to be paying about $100 million, less than the $122 million OEP spent in June 2009. CBS joins TVGN co-owner Lionsgate Entertainment. Here is the release:

Related: CBS Poised To Buy Half Of TV Guide, Partner With Lionsgate Read More »

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Report: Lionsgate To Sell TV Guide Assets

By THE DEADLINE TEAM | Tuesday January 17, 2012 @ 6:53pm PSTTags: Lionsgate, TV Guide

Lionsgate-Summit Deal Done

Following its agreement last week to acquire Summit Entertainment, Lionsgate Entertainment is looking to sell the TV Guide cable channel and website, Bloomberg reports. Lionsgate hopes to secure “a substantial … Read More »

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Circulation Stabilizes For Entertainment And Business Magazines In 1H

By DAVID LIEBERMAN, Executive Editor | Tuesday August 9, 2011 @ 4:34pm PDTTags: Entertainment Weekly Magazine, Magazines, TV Guide

Magazines pretty much held on to customers in the first half of 2011 according to a report today from the Audit Bureau of Circulations. Subscriptions and single-copy sales at 418 of the most popular titles only fell 1.4% … Read More »

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HBO Pulls ‘Curb Your Enthusiasm’ And ‘Entourage’ From Station Syndication; Warner Bros Made Calls On Thursday

By NIKKI FINKE, Editor in Chief | Friday May 13, 2011 @ 11:38am PDTTags: Curb Your Enthusiasm, Entourage, HBO, Spike, Tribune Co, TV Guide, Warner Bros. Domestic Television Distribution

Both Curb Your Enthusiasm and Entourage went into syndication this fall on terrestrial broadcast stations for their first season. They were sold to Tribune Co stations as a major launch for the group in late night. But they have performed poorly in … Read More »

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TV Guide Picks Up Docu Soap From Sally Ann Salsano

By NELLIE ANDREEVA | Wednesday November 10, 2010 @ 7:19am PSTTags: Jersey Shore, The Nail Files, TV, TV Deals, TV Guide, TV Guide Network
Nellie Andreeva

TV Guide Network has greenlit its first original reality docu-soap, The Nail Files, created and executive produced by Jersey Shore co-creator/executive producer Sally Ann Salsano through her 495 Prods. The Nail Files stars Katie Cazorla, a 32-year-old budding … Read More »

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TOLDJA! Debra Birnbaum Tops TV Guide

By NIKKI FINKE, Editor in Chief | Tuesday May 6, 2008 @ 1:22pm PDTTags: TV, TV Guide

TV Guide announced today it promoted two executives to top editorial roles. Debra Birnbaum (whom I tipped last week) was indeed named editor-in-chief, replacing Ian Birch who was forced to exit. Birnbaum had overseen the magazine’s efforts to combine … Read More »

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UPDATE: “TV Guide Getting Gutted Today”

By NIKKI FINKE, Editor in Chief | Wednesday April 30, 2008 @ 2:17pm PDTTags: Journalism, Magazines, News Corp, TV, TV Guide

(I’ve woven in more info…) Add TV Guide to the long list of publications undergoing massive downsizing. It’s yet another sign of the shifting fortunes of TV in general along with the downsizing in network pilots and upfronts etc. An insider tells me … Read More »

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