Fall preview
A copy of TV Guide sells for $2.99 on the stands. If you wanted the entire TV Guide magazine operation, though, you could have had it for $1:
Rupert Murdoch paid $3 billion for TV Guide back in 1988. But things have changed: Macrovision has sold the magazine to OpenGate Capital for one dollar. That’s one American dollar, folks. Macrovision also threw in a $9.5 million, low-interest loan. It is, however, keeping the online TVG franchise.
Macrovision, it should be noted, owned the magazine for less than six months.
(Via Jeff Jarvis.)
