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Monday, October 13, 2008
Macrovision To Sell TV Guide To OpenGate Capital
Sue Chang
MarketWatch Pulse
SAN FRANCISCO -- Macrovision Solutions Corp. said late Monday it will sell TV Guide Magazine to OpenGate Capital as a part of its corporate strategy. "Macrovision is focused on providing technology solutions and TV Guide Magazine was identified as a business not aligned with that core corporate strategy," said the company in a statement. Macrovision does not expect to record any gains or losses related to the sale as TV Guide had been classified as discontinued operations. The deal is expected close in around Dec. 1.
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Most folks judge the health of a business by the revenue that comes in through sales. But not all revenue is equal. Companies can grow their sales by buying other companies, which means you don't get a clear view of how the real sales trends are moving.
So, many analysts, particularly those who look at retail, try to gauge what¿s known as "organic" growth, by looking at same-store sales. These are sales only at outlets open more than a year, so the metric can exclude any sales jump that comes from opening new locations. Retailers release same-store sales (which are frequently called "comps" since they're a true comparison from the previous period) every month.
Retail, incidentally, isn't the only industry to look at same-store sales. Hospital companies, also use the metric, to gauge how existing hospitals are performing compared to ones they just built or acquired.
