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Reports: CBS To Buy Half Of TV Guide Network
- Bloomberg, Monday, March 25, 2013 3:13 PM
CBS will pay more than $100 million for a 50% stake in TV Guide Network, according to a source cited by Bloomberg reporters. The deal could give the network, co-owned by Lions Gate Entertainment Corp., "leverage to raise fees and expand into more of the 100.4 million U.S. homes with television subscriptions," while providing CBS with an "added outlet on cable for new shows and older programs."
