Allen Shapiro and One Equity Partners acquired TV Guide Network for $255 million from Macrovision Solutions Corp., the companies announced Thursday.
Macrovision will continue to own TVGuide’s interactive program guide business.
“Over the last few years, the TV Guide Network team has made great strides in transforming the property into a fully distributed, entertainment-focused network that will continue to develop and prosper. This transaction is really a win for all constituents,” said Ryan O’Hara, president of TV Guide Network.
Macrovision also said it was making progress toward divesting the TVG Network, a horse-racing and wagering channel, and expects to sign a deal early next year.
Mr. Shapiro most recently was president of Mosaic Media Group and CEO of Dick Clark Productions.