Terms of the deal were not disclosed. OpenGate bought TV Guide mag for $1 back in 2008 from then-owner Macrovision (now Rovi), which also loaned the venture-capital company $9.5 million to operate it.
TV Guide Magazine’s circulation has plummeted since its heyday in the 1970s, with the advent of on-screen programming guides and online listings. The mag, founded in 1953, currently has a weekly circ of about 1.8 million compared with more than 10 times that at its peak. According to NTVB, TV Guide Magazine has been profitable every year since 2009.