Macrovision Finds Buyer for TV Guide

TV Guide magazine is poised to change hands for the second time in a year, as parent Macrovision Corp. announced it found a buyer in Beverly Hills, Calif.-based private equity firm OpenGate Capital.
 
The sale, whose terms were not disclosed, is expected to close Dec. 1.
 
Macrovision, a video technology company, was expected to sell the magazine but keep its Web counterpart, along with Gemstar’s video programming grid technology, when Macrovision bought parent Gemstar-TV Guide in May for $2.8 billion in cash and stock.
 
TV Guide