, Cable Channel Go For $300 Million

TV producer Allen Shapiro and private equity firm One Equity Partners agreed to buy and the TV Guide cable channel from Macrovision for $300 million.

Macrovision only acquired the pair when it bought Gemstar-TV Guide for $2.8 billion in January.

In October, it lent private equity firm OpenGate Capital $9.5 million so the PE firm would buy TV Guide Magazine for $1 and assumption of debt.

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