/// CBS to Take 50 Percent Stake in TV Guide Network

March 23, 2013  |  Media Week

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.

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