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Posted on: Oct. 8, 2015, 5:07 p.m.
Private equity firm OpenGate Capital has agreed to sell the owner of TV Guide magazine, after a seven-year turnaround that helped rejuvenate a once ubiquitous magazine title. The firm sold TVGM Holdings LLC, the owner of TV Guide magazine and its digital platform TVInsider.com, to specialist publisher NTVB Media LLC for an undisclosed sum, according to a news release. The sale process attracted “a number” of interested strategic and financial buyers, said Reed Phillips, chief executive and managing partner of ... Full investment news article