The magazine has excess capacity at its offices on East 42nd Street, which were once home to The New Yorker. Also, like other publishers, it doesn’t see the need to maintain an expensive NYC presence. The New York Post Jan. 4, 2009
The publisher since 2005 was one of several executives leaving the company. Min Online Oct. 1, 2009
The magazine is expected to reduce the number of copies it delivers, and promises advertisers, by more than 30 percent, from 2.9 to 2 million. In January, TV Guide lowered its circulation from 3.2 million to its current level. The New York Post Sept. 13, 2009
NEW YORK – December 10, 2008 – TV Guide Magazine has named publishing industry veteran Scott Crystal CEO and President of the company. Crystal assumes the role of CEO as part of the acquisition of TV Guide Magazine by OpenGate Capital, a private equity firm. The closing of the acquisition was announced Dec. 2.
Crystal brings [...]
Macrovision has announced the planned sale of TV Guide magazine to private equity firm, OpenGate Capital, effective December 1. In a letter to TV Guide employees, TV Guide President Scott Crystal thanked staff members for their “hard work” and “commitment” to the magazine and said that he was “…extremely confident and optimistic about our future.” [...]
The Disney-owned television network will use the 21 pages to promote its fall schedule and overall brand. TV Guide subscription copies going to the New York and Los Angeles markets will come with a DVD of advertising, too. In 2005, Target bought out an entire issue of The New Yorker. Advertising Age (Aug. 18, 2008)