Whoa: TV Guide, The Company, Sold for $1!

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I found this great little tidbit pertaining to a little publication we have all seen often in our lives, and a certain Seinfeld character’s father made his life collecting the little door stops: The Handy Dandy TV Guide is sold! See more below on the original article!

How much is TV Guide magazine worth in a morphing media business and molten credit markets? Try $1. That’s how much the private equity fund OpenGate Capital has agreed to pay Macrovision for the unprofitable magazine and all its liabilities. The cover price, by way of comparison, is $2.99.

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