/// CBS to Take 50 Percent Stake in TV Guide Network
CBS Corp. is on the verge of acquiring an asset that will round out its television portfolio—the hitherto elusive ad-supported cable network. According to multiple sources, CBS is close to securing a 50 percent stake in TV Guide Network from owner Lionsgate Television. At $100 million, the price of getting a toehold in the basic-cable space is a relative bargain; Lionsgate purchased TV Guide Net in 2009 for a figure just shy of $242 million.
- 10/04/2016 • A CEO by the Age of 40
- 09/19/2016 • FX Will Show America’s Uncomfortable Truths in Its People v. O.J. Followup About Hurricane Katrina
- 09/19/2016 • The People v. O.J. Simpson, Game of Thrones Dominate 2016 Emmys
- 09/07/2016 • Stephen Colbert, Kelly Ripa and Other TV Stars Recall Their Most Memorable Commercials