Entertainment company Fandom Inc. has acquired the digital assets of TV Guide, reviews aggregator Metacritic and others from media company Red Ventures LLC, adding to a string of publishing deals in recent years. Fandom, whose parent company is backed by private-equity firm TPG Inc., operates an online forum for pop-culture buffs with user-generated content spanning videogames, movies, television, comic books and other topics.
NTVB Media, which publishes other TV titles, becomes TV Guide‘s third owner in the past eight years. There’s potential still: It remains the No. 2 entertainment magazine in circulation.
Exclusives
LOS ANGELES (AP) — Joe Finnigan, a veteran Hollywood reporter who chronicled the comings and goings of stars such as John Wayne, Frank Sinatra and even Lassie during a decades-long […]
The two parties take a 50-50 partnership stake in the cable network, which reaches 80 million homes, and TVGuide.com. CBS is buying its half from One Equity Partners, a private equity firm run by JPMorgan Chase.
CBS Corp. is adding a domestic basic cable network to its portfolio. It is nearing a deal to acquire JP Morgan’s One Equity Partners’ interest in TV Guide, the company that encompasses the TV Guide Network, recently rebranded as TVGN, and TVGuide.com. With the deal, which could close as early as next week, CBS will become a 50-50 partner with TV Guide co-owner Lionsgate Entertainment
As the owners of TVGuide.com and the TV Guide Network want to sell, Open Gate Capital is seeking to include the print publication in a possible package deal worth $400 million — while the private equity firm denies that the magazine is for sale.
Lionsgate Entertainment is the latest media company looking to cash in on investors’ seemingly insatiable desire for the next big tech play. It is considering a spin-off of several digital assets, including its men-focused video ad network, Break Media. The potential spin-off could also house Lionsgate’s share of pay-TV service Epix, its TV Guide and TVGuide.com assets and FearNet, a broadband and video-on-demand venture in the horror genre.
