Macrovision Offloads TV Guide Network

SANTA CLARA, December 18:
TV Guide Network is changing hands, with Macrovision Solutions Corporation
reaching a deal to offload the cable channel to Allen Shapiro, the former CEO
of dick clark productions, and private equity firm One Equity Partners for
approximately $255 million.

The transaction, which
includes an additional $45 million payable via earn-out provisions through
2012, is expected to close by April 2009. The deal includes a cable channel
that reaches 83 million homes, as well as the TV Guide Online business, which
has more than 15 million monthly unique visitors.

"Today's announcement
further demonstrates our ability to execute against our business plan,"
said Fred Amoroso, the president and CEO of Macrovision. "We remain
committed to delivering leading interactive program guide technology, data
solutions and video search capability as key ingredients to the future of the
digital home. This divestiture will further streamline our business operations
and once again demonstrates our ability to execute on Macrovision's vision of
providing consumers with a uniquely simple home entertainment experience.
Furthermore, we continue to make progress towards our goal of divesting TVG
Network, our horse racing wagering channel, which we expect to sign in early
2009."

Shapiro added: "I
believe the TV Guide Network and tvguide.com are unique properties in the media
landscape. These assets and brands are extremely difficult to replicate and
create significant opportunities for sustained growth."

Shapiro was most recently
the president of Mosaic Media Group and CEO of dick clark productions, where he
served as executive producer of So You Think You Can Dance, The Golden Globes and the American Music Awards,
among other events.

—By Mansha Daswani