Magazine article Editor & Publisher

TMS to Take Controlling Interest in Rival TVData

Magazine article Editor & Publisher

TMS to Take Controlling Interest in Rival TVData

Article excerpt

Combo has newspaper executives wary over the loss of competition between the TV-listing providers

In a move connecting two huge providers of TV listings, Tribune Media Services (TMS) announced Friday that it has purchased a majority interest in TVData. Terms were not disclosed.

The two firms have more than 4,000 customers, including 2,000-plus newspapers as well as online services, cable systems, and broadcasters. TVData will continue to serve clients under the TVData name.

TMS Director of Marketing Stephen Tippie said the agreement will help "bring us up to the critical mass" to better compete with TV Guide and other entertainment-listing players serving various media.

TVData President and CEO Art Bassin said the deal brought together two very strong companies. "It's going to give us a much stronger basis from which to compete," he noted.

Robyn McCormick, TVData vice president of program promotion, praised the change, saying, "You put the two together, it's like peanut butter and jelly."

Did the Federal Trade Commission (FTC) have to OK the deal for possible monopoly implications? Tippie said, "No regulatory filings were required in connection with this transaction because it's an investment. …

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