CBS Pays $100M For Half Stake In TV Guide Network, Website

Law360, Los Angeles (March 26, 2013, 9:17 PM EDT) -- CBS Corp. has purchased a 50 percent stake in TV Guide’s cable network and website for about $100 million from a private equity arm of JPMorgan Chase & Co. and entered into a 50-50 partnership with California-based Lionsgate Entertainment Corp. for the management of the network, according to sources close to the matter.

The joint venture, which combines New York-based CBS’ programming, production and marketing assets with Lionsgate’s motion pictures, television and digitally delivered content, will comprise the broadcast network that offers shows such as “Entertainment...
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