King World Says The Price Is Wrong

For months King World Prods. has been negotiating to acquire Mark Goodson Prods., which has the biggest inventory of gameshows in the business, including such chestnuts as “I’ve Got a Secret,” “What’s My Line?” and “Password.” However, Wired hears that King World has soured on the deal, even though Goodson’s library would have dovetailed nicely with the hit gameshows King World already syndicates, “Wheel of Fortune” and “Jeopardy!” Speculation on Wall Street is that King World was looking to swap its stock for Goodson and, because KW’s currently trading near its 12-month low, the deal would have been too costly to finance. It didn’t help matters that Goodson’s “The Price Is Right” failed in syndication. A King World rep declined comment.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More TV News from Variety