Starz Said to Consider New Options as It Fails to Find a Buyer

Starz LLC, the pay-TV network with more than 50 million subscribers, is considering alternatives to a sale after reaching out to potential bidders who passed on making an offer, according to people familiar with the matter.

CBS Corp., Lions Gate Entertainment Corp., AMC Networks Inc. and 21st Century Fox Inc. were among the companies that considered buying Starz and didn’t make bids because they thought it was overvalued, said the people, who asked not to be named because they weren’t authorized to speak publicly. Offers for the network, controlled by billionaire John Malone, were due last month, the people said.