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'TV Guide' Could Be Reunited With Network And Website For $400M Sale

OpenGate Capital, the private equity owner of TV Guide magazine, which paid just $1 for the purchase four years ago, is open to suggestions of selling it with its website and TV Guide Network (owned by One Equity Partners and Lionsgate respectively) in a package deal that could run to $400 million. Paul Bond cites anonymous sources for this tidbit, and also notes that "the private equity firm denies that the magazine is for sale." But here's another take from Bond: “'Buyers are looking for the three pieces to work in harmony with one editorial direction,' says another person with knowledge of the desire to package the three assets, a plan that is in the very early stages of discussion."

Read the whole story at The Hollywood Reporter »

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