×
You will be redirected back to your article in seconds

CBS Buys Out Lionsgate’s Stake in TV Guide Digital

TVGuide.com and TV Guide Mobile apps will become part of CBS Interactive

CBS announced that it has acquired TV Guide Digital, which includes TVGuide.com and TV Guide Mobile properties, which will become part of CBS Interactive.

Under the terms of the deal, CBS  acquired the remaining 50% stake in TV Guide Digital shares from Lionsgate; the companies did not disclose additional details. CBS and Lionsgate’s 50-50 partnership for the TVGN cable network, announced in March, will continue.

TVGuide.com and the TV Guide Mobile apps will become part of CBS Interactive’s Technology, Games and Lifestyle group.

“TV Guide is one of the most enduring and iconic brands in the world of television and video, and we’re proud to welcome TV Guide Digital to the CBS Interactive family,” CBS Interactive prexy Jim Lanzone said in announcing the pact. “TVGuide.com and TV Guide Mobile have the biggest and most-engaged audiences in the valuable TV information category, making them a perfect fit for our portfolio of premium content brands.”

TV Guide Digital was formed in 2006. The website now attracts more than 16.5 million monthly unique visitors, according to Omniture, and its mobile apps have been downloaded more than 9 million times and have 2.5 million average monthly visitors.

CBS Interactive’s current 25 brands include CBS.com, CBSSports.com, CNET, GameSpot and TV.com.

The TV Guide properties have a complicated history. They were part of Gemstar-TV Guide International, which was acquired by Macrovision Solutions (now Rovi) in May 2008. Rovi in 2009 sold TV Guide Network and TVGuide.com to Lionsgate and One Equity Partners, the private equity arm of JPMorgan Chase; One Equity sold its stake to CBS in March for just under $100 million, according to reports.

Separately, in 2008 Rovi sold the money-losing TV Guide Magazine to venture-capital firm OpenGate Capital for $1 and loaned the firm $9.5 million to run it.

More Digital

  • Snapchat

    Snap in Talks to License Music to Let Snapchat Users Embed Songs in Posts (Report)

    Snap wants to up Snapchat’s music game. The company has been in negotiations with music companies including the big three — Sony Music Entertainment, Universal Music Group and Warner Music Group — to license song catalogs for the Snapchat app, the Wall Street Journal reported. That would give Snapchat the right to let users include [...]

  • T-mobile - Netflix - John Legere

    T-Mobile Passes Netflix Price Hike Through to Subscribers

    T-Mobile is getting ready to raise prices for subscribers who have taken advantage of its “Netflix On Us” promotion: The mobile carrier will begin charging existing customers who have participated in the promotion an additional $2 per month to account for Netflix’s recent price increase. Consumers will see their bill go up starting on 6/2. [...]

  • Oona King

    Snap Hires Google Exec Oona King as First VP of Diversity and Inclusion

    Snap continues to fill out the ranks of its revamped leadership team: The Snapchat parent tapped Oona King, most recently Google’s director of diversity strategy and a former member of British Parliament with the Labour Party, as its first VP of diversity and inclusion. King, who starts at Snap on June 11, is also the [...]

  • Chrissy Teigen

    Chrissy Teigen to Rule Over Small-Claims 'Chrissy's Court' in Show for Jeffrey Katzenberg's Quibi

    Chrissy Teigen is going full-on “Judge Judy” in a reality show ordered by Quibi, the mobile-video subscription start-up venture founded by Jeffrey Katzenberg. In each episode of “Chrissy’s Court,” the model-influencer will reign as the “judge” over one small-claims case. Like the reality TV shows it’s patterned after, the plaintiffs, defendants, and disputes are real [...]

  • IGTV-Landscape

    Instagram's IGTV Adds Support for Horizontal Videos — but Still No Monetization

    Instagram is still searching to find the right recipe for IGTV, the long-form video service it debuted nearly a year ago. In the hopes of encouraging usage of IGTV, Instagram is breaking the original design that allowed only vertical video– to now support horizontally oriented videos as well. It’s a change that bows to the [...]

  • Facebook Logo

    Facebook Took Down 2.2 Billion Fake Accounts in Q1

    Facebook saw a huge jump of bots trying to create fake accounts during the first quarter, with the company revealing Thursday that it took down 2.19 billion such accounts over the first three months of this year. “We’ve seen a steep increase in the creation of abusive, fake accounts on Facebook in the last six [...]

  • Netflix Unveils Lonely Island Musical Tribute

    Netflix Unveils Lonely Island Musical Tribute to Jose Canseco, Mark McGwire

    The Lonely Island comedy troupe has dropped a half-hour Netflix special featuring a musical tribute to baseball greats Jose Canseco and Mark McGwire. “The Lonely Island Presents: The Unauthorized Bash Brothers Experience” features Andy Samberg and Akiva Schaffer as the former Oakland Athletics teammates who became known as “the Bash Brothers” for their prowess at [...]

More From Our Brands

Access exclusive content