Earnings: Macrovision Call: TVGuide Mag To Be Sold Without Site
As we first reported, Macrovision (NSDQ: MVSN) is indeed looking to sell TVGuide the magazine sans its online home, TVGuide.com. Said CFO James Budge: “We expect the online properties to continue their steady historical growth and planned for a minimum of 10 percent revenue gains for the next few years.” Macrovision plans to augment the site with data from its acquired AMG line. As for the magazine, CEO Fred Amoroso noted that magazine EBITDA ticked up in the quarter, giving the company confidence in the marketplace. Amoroso added that the company is fielding plenty of interest for its planned sales, and it plans to have the sales done by the end of the year. Other assets on the block include the TV network and the Horse Racing Channel: “We have gotten a tremendous number of inbound calls on that.”
Posted In: Media & Publishing, Magazines, Money, Earnings, M&A & Venture Capital, Mergers & Acquisitions, macrovision, tv guide
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