Monday, March 8, 2021

REPORT: LIONSGATE TO SELL TV GUIDE CHANNEL AND WEBSITE

January 17, 2012 by · Leave a Comment 

Lionsgate managers, who came under a blistering attack from Carl Icahn when he was the company’s largest shareholder for buying the TV Guide cable channel and TVGuide.com for $250 million in 2009, now want to sell the channel and website, the New York Post reported today (Tuesday). Lionsgate has previously sold half of the two properties to One Equity Partners for $123 million, but they may now be worth less than what they paid for them, the Post article suggested. It noted that it averaged just 84,000 viewers in 20111, down from 105,000 a year ago, despite efforts to free itself from contractual obligations to various cable systems requiring it to continue to display a scrolling list of TV shows. The Post said that two-thirds of the channel’s 80 million homes now can see a full TV screen without the listings.