CBS and Lionsgate (LGF) confirm the sale of a 50% stake in TV Guide Network (TVGN) and...

|About: CBS Corporation (CBS)|By:, SA News Editor
CBS and Lionsgate (LGF) confirm the sale of a 50% stake in TV Guide Network (TVGN) and TVGuide.com from JPMorgan's P-E arm to CBS. CBS and Lionsgate (still a 50% owner) boast TV Guide will have access to CBS' "programming, production and marketing assets," and Lionsgate's "resources in motion pictures, television and digitally delivered content."  The price is undisclosed; sources recently told The Hollywood Reporter it's around $100M. LGF +4.9% AH. (PR)