CBS Buys Remaining 50% in Pop, a Cable Network, From Lions Gate

CBS Corp. said it has acquired the 50% stake in the cable network Pop held by Lions Gate Entertainment Corp., giving it complete ownership of the channel.

Terms of the deal weren’t disclosed. CBS acquired its initial 50% stake in the channel for $100 million in 2013 when it was known as the TV Guide Network. Since that purchase, the channel’s ratings among key demographics have declined and its national reach has fallen by 15%.

Love that show!

Adding more sh*t to its lineup of sh*t. Traditional tv media is done.

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Source: CNBC - 🏆 12. / 72 Read more »