CBS buys remaining 50% stake in Pop, a cable network best known for 'Schitt's Creek'
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%.
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