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Old March 25 2013, 02:51 PM   #15
jefferiestubes8
Commodore
 
Location: New York City
Re: Which CBS owned cable channel?

Temis mentioned last month: CBS is buying AXS
now CBS is buying the majority stake in another cable network

CBS Circling to Acquire Half of TV Guide Network

Lionsgate is expected to close a deal to sell about half of TVGN, formerly known as the TV Guide Network, to CBS.
CBS gets a network now seen in about 80 million American TV homes.
The deal also apparently includes TVGuide.com, which has shown growth by adding strong content and will fit with other CBS digital properties.
sources tell The Hollywood Reporter that the price CBS is paying for 50 percent about $100 million
For CBS, it is seen as a reasonable way to acquire a cable channel, broadening a portfolio that already includes the top-rated TV broadcast network, a pay TV service, a growing digital presence, a sports channel and half of The CW network.
They surely could rebrand this channel in 3 years.
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