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Kliger Named Acting CEO at TV Guide

Former Hachette chief executive to oversee struggling title.


By Jason Fell
07/07/2009

OpenGate Capital—the Los Angeles-based private equity firm that purchased the print edition of TV Guide last year for $1—today named former Hachette president and CEO Jack Kliger [pictured] a senior advisor and acting chief executive of the magazine.

According to OpenGate CEO Andrew Nikou, the private equity firm “continues to expand into media, and as the company furthers its success with publications like TV Guide magazine, Jack’s guidance on media and expansion strategies will be a tremendous asset to us.”

Kliger’s appointment comes about a month after outspoken TV Guide president Scott Crystal left the company. Crystal, who accused OpenGate of contributing to the magazine's downfall by raiding its assets, had been replaced on an interim basis by executive vice president Michael Clayton.

In addition to his responsibilities at TV Guide, Kliger recently joined the board of directors at Montreal-based magazine printer Quebecor World.




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Truth
Submitted by MrMerger on Tue, 07/14/2009 - 01:01.

According to an article written by Scott Crystal, he was fired for standing up to OpenGate when they attempted to suck the company dry of its cash through unwarranted fees. Cash that was loaned to TV Guide by previous owner Macrovision. Sounds like a classic case of a dishonorable PE firm taking advantage of their portfolio company.



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