Is Lionsgate looking to sell stake in TV Guide Network?

01/17/2012 | MediaPost Communications

Lionsgate reportedly has hired an investment banker to find a potential buyer for its majority stake in TV Guide Network. Lionsgate acquired the channel and its website from Macrovision about three years ago for $255 million and shortly thereafter sold a 49% share in the company, valued at $125 million, to JPMorgan's One Equity Partners and TV Guide Network Chairman Allen Shapiro.

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