Buyer found for TV Guide Network


Macrovision got quite a bit more for TV Guide Network and than the $1 it got for the actual magazine. Allen Shapiro and One Equity Partners will pay $255 million for the cable and online assets. That could increase by as much as $45 million with earn-out provisions through 2012. Shapiro, the former CEO of dick clark productions and President of Mosaic Media Group, has a long history of managing media deals. One Equity Partners manages $8 billion of investments and commitments for JP Morgan Chase. Macrovision acquired the TV Guide assets when it bought Gemstar-TV Guide for $2.8 billion.