CBS Acquires TV Guide Digital
CBS Corporation (NYSE: CBS) today announced it has wholly acquired TV Guide Digital, which includes the popular TVGuide.com and TV Guide Mobile properties. Under the terms of the deal, CBS Corporation acquired the remaining 50 percent stake in TV Guide Digital shares from Lionsgate (NYSE: LGF). CBS and Lionsgate's 50/50 partnership for the highly distributed TVGN cable network, announced on March 26, will continue.
TVGuide.com and the TV Guide Mobile apps will become part of CBS Interactive's Technology, Games and Lifestyle group, which also operates TV.com, the web's largest social media TV site, as well as the industry-leading CNET, GameSpot, Last.fm, MetroLyrics, Metacritic and CHOW brands, among others. Together, TVGuide.com, TV Guide Mobile and TV.com will give fans the most-comprehensive information about the programming they love.
"TV Guide is one of the most-enduring and iconic brands in the world of television and video, and we're proud to welcome TV Guide Digital to the CBS Interactive family," said Jim Lanzone, President of CBS Interactive. "TVGuide.com and TV