TV Guide Owner OpenGate Capital Readies Unit To Acquire, Build Media Cos

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Private buyout firm OpenGate capital, in the 2008 acquisition of TV guide magazine, said that it will open a new department, focusing on the acquisition of media properties, and to establish it has published and other media assets.
New department, called OpenGate media group, including jack base, David fishman, he was recently appointed chief executive and chief operating officer, TV guide magazine co., LTD., dao PoWu a partnership, association members, in the base media, industry management consulting firm. To OpenGate close cooperation, since 2009. Base, is a veteran in the magazine industry, a former chief executive, ali, the publisher of hachette Phillip parker qi media in the United States.
OpenGate portfolio including TV guide, the PennySaver, lu AFP, Kurt card mills, cardboard NorPaper fusion. , the company said, the consolidation of these enterprises on behalf of nearly $10 billion in revenue OpenGate capital.
OpenGate media group ", enables us to build success, in the past five years, we have to "TV guide" magazine. As an independent publishers, TV guide magazine has profit for the past three years, and the magazine industry continued to experience significant unrest, said in a statement: "Robert, with OpenGate capital partners, Lezec. "We will take the same prudent strategy applied to OpenGate other portfolio companies, and apply it to the new media assets, we will purchase or management."
The activity, can expand cooperation, and popular brands and personalities of custom publishing project. TV program guide business Li Shuyi magazine, published around food network popular personality, since 2012.

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