Lionsgate, JP Morgan area TV Guide offers

Lionsgate and JP Morgan Chase & Co.'s One Equity Partners wing have acquired several written offers from potential customers for your TV Guide Network cabler and TVGuide.com website. A repetition for Lionsgate declined comment Monday but an origin with knowledge of situation established the bids arrived at greater than the partners taken proper care of the cabler. Lionsgate is mentioned being seeking about $400 million for your resource. The partners are actually shopping the cabler for many days with likely outcome just as one outright purchase -- although there's still an chance that particular Equity, the non-public investment arm of JP Morgan, could spend Lionsgate's 51% stake or the other way round. The channel's distribbed in than 80 million cable/satellite houses and created $20 million in EBIDTA a year ago for your partners. It's restored its carriage handles Time Warner, Comcast and Charter and contains been moving to change the funnel in the records-focused intend to a regular linear funnel. Lionsgate bought the cabler and website in February 2009 for $255 million. By May of the year, Lionsgate had offered a 49% stake inside the assets for $125 million to at least one Equity and investor Allen Shapiro, who had previously been looking for TV Guide concurrently Lionsgate made its bid. Contact Dork McNary at dork.mcnary@variety.com