Lionsgate to acquire TV Guide Network and TVGuide.com (Los Angeles Times)
The studio will pay $255 million in a surprise move that derails a previously announced deal. In a surprise move, Lionsgate Entertainment Corp. agreed Monday to buy TV Guide Network and TVGuide.com for $255 million, torpedoing a deal announced just over two weeks ago with media entrepreneur Allen Shapiro and a private equity unit of JPMorgan Chase & Co.