United Video Satellite Group , parent company of the Prevue Channel ( now Pop ) , acquires TV Guide from News Corporation for $ 800 million .
60 million shares of stock worth an additional $1.2 billion .
United Video Satellite Group , parent company of the Prevue Channel ( now Pop ) , acquires TV Guide from News Corporation for $ 800 million and 60 million shares of stock worth an additional $1.2 billion .