TV Guide Magazine Owner OpenGate Capital Forms Media Acquisition Unit With Jack Kliger And David Fishman

A lot of moving pieces here: In conjunction with the announcement about the new venture, OpenGate Capital named Jack Kliger CEO of TV Guide Magazine — he had been “acting CEO” since 2009 — with David Fishman becoming COO. The execs know their way around the business. Kliger was a long-time honcho at Advance Publications where he helped launch Conde Net, and was publisher of Glamour and GQ. And Fishman had been CEO of Hachette Filipacci Media’s television subsidiary RTM Productions. OpenGate says that the new collaboration will create “an efficient platform for the pursuit of media assets in need of significant rejuvenation or strategic repositioning.” Partner Robert Lezec adds that TV Guide Magazine “has been profitable for the past three years while the magazine industry continues to experience significant upheaval. We will take the same prudent strategy that is applied to OpenGate’s other portfolio companies and apply it to the new media assets we will either acquire or manage.” Here’s OpenGate’s release: (more…)

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