Open Gate Capital Looking To Buy 'Variety'?

"Open Gate Capital, which famously bought TV Guide magazine for $1 four years ago," will not make a bid for the pub's Web site, and will instead make a play for Variety, on sale since March, according to sources cited by Claire Atkinson. 

TV Guide's non-print assets have been in play since January, and its other product besides the site -- the TV Guide channel -- reportedly has only two "lukewarm" suitors, both media companies, Atkinson writes.

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