EXCLUSIVE. The online TV navigation site could go for about $20M — possibly as much as $25M I’m told — and would enable Lionsgate to cash in on a property that’s considered peripheral to its main production and TV networks businesses. Details about the negotiations are still sketchy; I hear that the potential buyer sees this as a strategic acquisition — it isn’t a private-equity company looking for a quick buck. And while talks are advanced, they still have a way to go, and could still fall apart. Lionsgate reported in May that TVGuide.com had 24M monthly unique users and more than 6.5M mobile application installations. Lionsgate has been weighing options for TVGuide.com for more than a year. It paid $241.6M for the TV Guide website and network in February 2009. Three months later, JP Morgan’s One Equity Partners teamed with investor and producer Allen Shapiro and paid $122.4M for half of the combined operation. Shapiro ran the network and website until a few weeks ago, when he left to run Dick Clark Productions. His lieutenant Mike Mahan is running them on an interim basis.
Lionsgate In Advanced Negotiations To Sell TVGuide.com
What's Hot on Deadline
Popular Japanese Title 'Attack On Titan' Eyed By Warner Bros. For 'Fantastic Beasts' Producer David Heyman
'Comedians In Cars Getting Coffee' Moves To Netflix As Part Of Big Jerry Seinfeld Deal That Includes Specials & Series
'Hidden Figures' Calculates $27.5M Weekend, 'Rogue' Passes $500M, Other Movies Bomb Over MLK - Box Office Final
Latest Business News
- WME | IMG Exec Chris Liddell Leaving To Join Donald Trump’s Team
- Ira Deutchman Gets First Spotlight Cinema Laurels For Lifetime Of Indie Service
- Team Trump Fires Back At Ex-‘Apprentice’ Contestant’s “Absurd” Lawsuit Over His Denial Of Her Sex Assault Claim…
- Nexstar Completes $4.6B Acquisition Of Media General
- Thomas Tull Exiting As Legendary’s Chairman & CEO
- Will Donald Trump Strip The FCC Of Some Of Its Regulatory Clout?