TV Guide Sold for One Dollar

Oct 16, 2008  •  Post A Comment

OpenGate Capital has agreed to pay Macrovision $1 for the unprofitable TV Guide magazine, Advertising Age reports. Macrovision also loaned OpenGate up to $9.5 million to help with the magazine. Details of their deal emerged Wednesday in a Macrovision filing to the Securities and Exchange Commission. The price tag, as well as the 3% interest rate for the loan, clearly shows Macrovision’s willingness to release the magazine to a separate entity.
—Christopher Perez

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