TV Guide deal completed
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March 2, 1999: 10:40 a.m. ET
United Video changes name to TV Guide Inc.; Anthea Disney is CEO
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NEW YORK (CNNfn) - The combination of United Video Satellite Group Inc. and News Corp.'s TV Guide properties was completed Tuesday, with several changes in store for the newly-merged entity.
Effective immediately, United Video has changed its name to TV Guide Inc. and its trading symbol to TVGIA.
Anthea Disney, who currently runs News America Publishing Group Inc., the News Corp. subsidiary that operates TV Guide Magazine, HarperCollins Publishers and the Weekly Standard Magazine, will also become chairwoman and chief executive of the new company.
Gary Howard, chairman and CEO of United Video, will remain a director of TV Guide.
An office of the chairman will be formed to oversee the company's three primary businesses: TV Guide Magazine Group, TV Guide Entertainment Group and the United Video Group.
TV Guide remains a publicly traded company jointly controlled by Liberty Media Corp. and media mogul Rupert Murdoch's News Corp. Under an agreement reached last June, each company has a 49 percent voting interest and 44 percent economic interest in the newly-formed entity. Public shareholders will continue to own about 12 percent of TV Guide.
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