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TV Guide Sells for $1


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NEW YORK (AdAge.com) -- How much is TV Guide magazine worth in a morphing media business and molten credit markets? Try $1.

For Macrovision, the deal clears from its books a money-losing print magazine and its 3 million subscribers who need to be serviced.

That's how much the private equity fund OpenGate Capital has agreed to pay Macrovision for the unprofitable magazine and all its liabilities. The cover price, by way of comparison, is $2.99.

Take this magazine -- please.

To sweeten the deal even further, Macrovision is loaning OpenGate up to $9.5 million to help get going -- at a very friendly 3% interest.

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Bruce

2023 Cadillac CT4-V Blackwing

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I totally would have paid $5 for the company, they should have asked me! :lol:

WARNING: I'm a total car newbie, don't be surprised if I ask a stupid question! Just trying to learn.

Cheers!

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