Friday, May 29, 2009

TV Guide Magazine Dumps Digital Version

TV Guide magazine has discontinued the digital edition as of the May 18 issue. You can continue to read news on the magazine website at tvguidemagazine.com.

Back in October, Macrovision sold the once wildly popular TV Guide magazine to equity fund OpenGate Capital for $1. Connections between the magazine and TV Guide network were severed at that point, which is why you also have tvguide.com.

From a soap perspective, we continue to see new articles posted by Michael Logan at tvguidemagazine.com and Matt Mitovich at tvguide.com.

On Thursday, Lionsgate Entertainment Corp agreed to sell a 49 percent stake in the TV Guide channel for about $123 million, aiming to turn the network into an entertainment channel.

The buyers are One Equity Partners, a private equity arm of JPMorgan Chaser & Co, and Allen Shapiro, former chief executive officer of Dick Clark Productions, who had previously reached a deal to buy the network before it was sold to Lionsgate.

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