CBS just agreed to purchase a 50% stake in TV Guide Network JPMorgan Chase’s equity investment unit for $100 million to enter in a 50/50 partnership with Lions Gate. Known for its channel listings, TV Guide is available in 80 million homes according to CBS and will continue to focus on entertainment. As a reminder, the price is less than the $123 million that JPMorgan Chase's One Equity Partners paid for a 49 percent stake four years ago. As a result CBS shares closed at $45.71, up 29 cents, Lions Gate gained 2.67% to close at $23.81 while JPM fell by 1.79% Picture:CBS