×
You will be redirected back to your article in seconds

TV Guide Magazine Sold to Publishing Firm NTVB

TV Guide Magazine has a new home: NTVB Media, a publisher specializing in TV listing grids, has acquired TVGM Holdings, owner of TV Guide Magazine and TVInsider.com, from OpenGate Capital.

Terms of the deal were not disclosed. OpenGate bought TV Guide mag for $1 back in 2008 from then-owner Macrovision (now Rovi), which also loaned the venture-capital company $9.5 million to operate it.

TV Guide Magazine’s circulation has plummeted since its heyday in the 1970s, with the advent of on-screen programming guides and online listings. The mag, founded in 1953, currently has a weekly circ of about 1.8 million compared with more than 10 times that at its peak. According to NTVB, TV Guide Magazine has been profitable every year since 2009.

Troy, Mich.-based NTVB said the TVGM acquisition makes it the U.S.’s largest owner of consumer television publications, reaching more than 20 million consumers. NTVB’s flagship TV Weekly magazine is a region-specific television guide marketed in partnership with 160-plus U.S. newspapers with a total circulation of about 1 million; the company also publishes custom mags for customers of pay-TV providers including Comcast, Dish Network and Time Warner Cable.

“TV Guide Magazine has played an important role in television entertainment and pop culture for more than 60 years and is the perfect complement to our suite of media brands,” NTVB president and CEO Andy DeAngelis said in announcing the deal. “We believe that bringing the brand back into a publishing company focused on entertainment will help it flourish.”

The sale won’t clear up years of ongoing confusion between the print-based TV Guide and a separate CBS-owned entity, TV Guide Digital, which runs TVGuide.com and related mobile apps. (TV Guide Magazine operates a separate website.) Rovi in 2009 sold the digital properties to Lionsgate and One Equity Partners, before CBS acquired the entire stake in 2013.

NTVB said TVGM CEO David J. Fishman and CFO Joe Clemente will remain with the company. A rep for TV Guide Magazine said its planned year-end headcount is 62 with no major staff changes anticipated as a result of the NTVB deal.

TV Guide Magazine and TVInsider.com will maintain offices in New York, Los Angeles and Newtown Square, Pa. Media investment bank DeSilva + Phillips represented TVGM Holdings in the transaction.

More Biz

  • Discovery CEO David Zaslav Sees 2018

    Discovery CEO David Zaslav Sees 2018 Compensation Soar to $129.4 Million

    Discovery Inc. president-CEO David Zaslav is once again making headlines for an enormous compensation package. Zaslav’s 2018 compensation soared to $129.44 million in 2018, fueled by stock options and grants awarded as the longtime Discovery chief signed a new employment contract last July that takes him through 2023 at the cable programming group. Zaslav received [...]

  • Jonathan Lamy RIAA

    Jonathan Lamy Stepping Down From RIAA

    Jonathan Lamy, the Recording Industry Association of America’s longtime executive VP of communications and marketing, is stepping down from his post after 17 years, he announced today. As he put it in an email to Variety, “I started back in 2002, which means it’s been 17+ years, four different RIAA CEOs, three format changes and [...]

  • Fox Layoffs

    Disney-21st Fox Layoffs: TV Divisions Brace for Deep Cuts

    A second day of layoffs has begun on the Fox lot in the wake of Disney completing its acquisition of 21st Century Fox on Wednesday. Longtime 20th Century Fox Television Distribution president Mark Kaner is among the senior executives who were formally notified with severance details on Friday morning. 21st Century Fox’s international TV sales [...]

  • anthony pellicano

    Hollywood Fixer Anthony Pellicano Released From Federal Prison

    Anthony Pellicano, the Hollywood private eye whose wiretapping case riveted the industry a decade ago, was released from a federal prison on Friday, a prison spokeswoman confirmed. Pellicano was sentenced in 2008 to 15 years, following his conviction on 78 charges of wiretapping, racketeering, conspiracy and wire fraud. He had been in custody since 2003, [...]

  • This image taken from the Twitter

    HBO’s Reaction to Trump’s ‘Game of Thrones’ Campaign

    Everyone wants a piece of the “Game of Thrones” lemon cake. From Bud Light to Red Bull the world of Westeros is open to a lot of brand partnerships, unless you’re using that iconic typeface to push a political agenda. In November of 2018 President Donald Trump unveiled a “Thrones” inspired poster with the words [...]

  • Leaving Neverland HBO

    'Leaving Neverland' Lawsuit Proves to Be a Judicial Hot Potato

    The Michael Jackson estate sued HBO last month for airing the documentary “Leaving Neverland,” which accuses the late King of Pop of serial child sexual abuse. Since then, the case has had a difficult time finding a judge to handle it. Three federal judges have recused themselves in the last week, citing potential financial conflicts [...]

  • Members of the public mourn at

    Guy Oseary’s New Zealand Fundraiser Nears $150,000, Continues Raising Money

    In the wake of the horrific shootings at New Zealand mosques last week that killed some 49 people, Maverick chief Guy Oseary launched a GoFundMe campaign to “support those affected by this tragedy at this very difficult time,” and began it with an $18,000 donation. Boosted by donations from many celebrities — including Amy Schumer, [...]

More From Our Brands

Access exclusive content