Monday, June 3, 2013

CBS Takes Full Ownership of TV Guide Digital

CBS Corp. has acquired TV Guide Digital, whose assets include TVGuide.com and TV Guide mobile.
Under terms of the deal, CBS bought the remaining 50% stake in TV Guide's digital assets from Los Angeles-based Lionsgate. Terms were not disclosed.
The acquisition separates the online and mobile versions of TV Guide from a joint-venture partnership the broadcaster entered into this spring with Lionsgate to operate TV Guide Network, a basic cable network that reaches 80 million homes but struggles with low ratings.