×

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

  • Bert Salke and Jennifer Salke

    Feds Looked Into Amazon Studios Chief Jennifer Salke in College Admissions Scandal

    Federal investigators looked into Amazon Studios chief Jennifer Salke and her husband, Fox 21 Television Studios president Bert Salke, as they conducted a sprawling probe of cheating in elite college admissions, a source close to the case told Variety. It does not appear, however, that prosecutors will charge the Salkes in the case. The Salkes [...]

  • Variety Cord Cutting Placeholder Cable

    Big Blackout Looms as CBS, AT&T Go Down to Wire on Renewal Talks

    A blackout affecting CBS stations in major markets throughout the country looms as CBS and AT&T executives go down to the wire on negotiations for a retransmission consent deal covering 28 O&O stations. The sides have sparred publicly during the past few days as 11 p.m. PT Friday expiration of the previous contract approached. AT&T [...]

  • Contract Placeholder Business WGA ATA Agent

    ICM Responds to WGA Packaging Lawsuit: Claims are 'Baseless' and 'Absurd'

    ICM Partners has asked a judge to dismiss the lawsuit filed against four major talent agencies by the Writers Guild of America as part of the larger war between agencies and the guild over packaging fees on TV series and movies. The guild sued ICM, CAA, WME and UTA in California state court in April, [...]

  • New York City NYC Placeholder

    CityFM Podcast Takes a Deep Look at New York’s Music Scene (Listen)

    First among the many projects listed at the beginning of New York Music Month in June was a WNYE radio show and podcast called CityFM that promised to “explore the city’s music culture, emerging artists and trends, and upcoming events told through the lens of what’s happening around the city in Summer 2019.” And while [...]

  • Live Nation Logo. (PRNewsFoto/Live Nation)

    Live Nation Confirms Placing Tickets Directly on Secondary Market at Artists’ Request

    Representatives for Live Nation, the world’s largest live-entertainment company and owner of Ticketmaster, confirmed that it bypassed conventional channels and directly placed thousands of concert tickets on the secondary market upon artists’ request, in an article published in Billboard. In a statement shared with Variety, the company acknowledged that it has facilitated the transfer of [...]

  • Costume designer Michele Clapton

    Costume Designers Fashion a Plan to Fight for Pay Parity in Upcoming Contract Talks

    The Costume Designers Guild Local 892 is gearing up to fight for pay equity in its 2021 contract negotiations with the Alliance of Motion Picture and Television Producers, establishing a pay-equity committee to raise awareness of the scale disparity between the mostly female CDG membership and the mostly male membership of the Art Directors Guild Local [...]

More From Our Brands

Access exclusive content