TV Guide Still Exists? Yep, And It's Profitable
Not only has TV Guide turned a profit for the last three years, the publisher says that a key strategy was cutting circulation. OpenGate Capital bought TV Guide in 2008 for the grand total of $1. Which at the time might have been a reasonable price: OpenGate became the magazine's fifth owner in just 10 years, circulation was down from a peak of 20 million to about 3 million and the deal did not include the website tvguide.com or the TV Guide channel.