TV Guide Magazine and TVInsider.com were sold to publishing firm NTVB Media on Wednesday, the third change in ownership for the legendary TV and entertainment publication in a decade.
Terms of the deal were not disclosed; NTVD, a Troy, Michigan-based firm is already the owner of TV Weekly, a regional TV publication that partners with more than 160 newspapers and has a circulation of 1 million.
The company said its acquisition of TV Guide Magazine makes it the largest owner of TV listing publications, reaching more than 20 million consumers.
TV Guide Magazine was sold to OpenGate Capital in 2008 for $1 from Macrovision, who loaned OpenGate $9.5 million to run it.
Although TV Guide Magazine is nowhere near the behemoth it used to be, current paid circulation sits at 1.8 million copies, leaving it as one of the country’s most successful print entertainment platforms, trailing only People.
“TV Guide Magazine has played an important role in television entertainment and pop culture for more than 60 years and is the perfect complement to our suite of media brands,” NTVB president/CEO Andy DeAngelis said. “We believe that bringing the brand back into a publishing company focused on entertainment will help it flourish.”