OpenGate Capital's Managing Partner on TV Guide Purchase
Andrew Nikou, founder & managing partner of OpenGate Capital, just responded to our earlier post about his company’s purchase of TV Guide.
“Macrovision’s recent disclosure of the terms of the sale of TV Guide need to be taken into perspective, given the magazine’s history and unprecedented relaunch in 2005.
TV Guide is a company with an exceptionally strong foundation, built around a subscriber base of over 3 million, a weekly readership in excess of 21 million, a powerful brand that commands trust and loyalty, and a world class organization able to produce a leading entertainment magazine with stunning photography and unique features-driven editorial content.
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