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CBS Corporation Wholly Acquires TV Guide Digital, Including TVGuide.com and TV Guide Mobile
May 31, 2013 (10:05 AM EDT)
SAN FRANCISCO, May 31, 2013 /PRNewswire/ -- CBS Corporation (NYSE: CBS.A and 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 Guide Mobile have the biggest and most-engaged audiences in the valuable TV information category, making them a perfect fit for our portfolio of premium content brands."
TVGuide.com and TV Guide Mobile have grown considerably since the creation of TV Guide Digital in 2006:
TV Guide Digital's properties are the latest addition to CBS Interactive's portfolio of more than 25 premium brands, including CBS.com, CBSSports.com, CNET, GameSpot, TV.com, Last.fm and more. CBS Interactive, a perennial top 10 Internet property, delivers advertisers unmatched scale to reach audiences across key verticals like entertainment, news, sports, technology, gaming, music and more.
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SOURCE CBS Interactive