EX-99.1
3
a06-26132_1ex99d1.htm
EX-99
Exhibit 99.1
For
Immediate Release
Crown Media Completes Sale of Film Library
STUDIO
CITY, CA - December 15, 2006
- Crown Media Holdings, Inc.
(NASDAQ: CRWN), owner and operator of Hallmark Channel, today announced that it
received the necessary regulatory approvals and has completed the sale of its
film library to RHI Enterprises, LLC.
The sale includes all rights in the United States to the over 600 television movies, mini-series and series in
the Crown Media library. Crown Media
will have the right to continue to broadcast selected titles from the library
on the Hallmark Movie Channel for up to two years.
About Crown Media Holdings
Crown Media Holdings, Inc.
(NASDAQ: CRWN) owns and operates cable television channels dedicated to high
quality, broad appeal, entertainment programming. The Company currently operates and
distributes Hallmark Channel in the U.S. to 75 million subscribers. The program service is distributed through
more than 5,300 cable systems and communities as well as direct-to-home satellite
services across the country. Hallmark Channel consistently ranks
among the top ten ad-supported cable networks in Prime Time and Total Day
household ratings and is the nation's leading network in providing
family-friendly programming. Crown Media
also operates a second 24-hour linear channel, Hallmark Movie Channel.
Significant investors in Crown Media Holdings include: Hallmark Entertainment
Holdings, Inc., a subsidiary of Hallmark Cards, Incorporated, Liberty Media
Corp., and J.P. Morgan Partners (BHCA), LP, each through their investments in
Hallmark Entertainment Investments Co.; VISN Management Corp., a for-profit
subsidiary of the National Interfaith Cable Coalition; and The DIRECTV Group,
Inc.
For additional information, please contact:
Mindy Tucker
Nancy Carr
IR Focus
Hallmark Channel
914.725.8128
818.755.2643
mindy@irfocusllc.com
nancycarr@hallmarkchannel.com
# # #

EX - 99 . 1 3 a06 - 26132 _ 1ex99d1 . htm EX - 99 Exhibit 99 . 1 For Immediate Release Crown Media Completes Sale of Film Library STUDIO CITY , CA - December 15 , 2006 - Crown Media Holdings , Inc . ( NASDAQ : CRWN ) , owner and operator of Hallmark Channel , today announced that it received the necessary regulatory approvals and has completed the sale of its film library to RHI Enterprises , LLC . The sale includes all rights in the United States to the over 600 television movies , mini - series and series in the Crown Media library . Crown Media will have the right to continue to broadcast selected titles from the library on the Hallmark Movie Channel for up to two years . About Crown Media Holdings Crown Media Holdings , Inc . ( NASDAQ : CRWN ) owns and operates cable television channels dedicated to high quality , broad appeal , entertainment programming . The Company currently operates and distributes Hallmark Channel in the U . S . to 75 million subscribers . The program service is distributed through more than 5,300 cable systems and communities as well as direct - to - home satellite services across the country . Hallmark Channel consistently ranks among the top ten ad - supported cable networks in Prime Time and Total Day household ratings and is the nation 's leading network in providing family - friendly programming . Crown Media also operates a second 24 - hour linear channel , Hallmark Movie Channel . Significant investors in Crown Media Holdings include : Hallmark Entertainment Holdings , Inc . , a subsidiary of Hallmark Cards , Incorporated , Liberty Media Corp . , and J . P . Morgan Partners ( BHCA ) , LP , each through their investments in Hallmark Entertainment Investments Co . ; VISN Management Corp . , a for - profit subsidiary of the National Interfaith Cable Coalition ; and The DIRECTV Group , Inc . For additional information , please contact : Mindy Tucker Nancy Carr IR Focus Hallmark Channel 914 . 725 . 8128 818 . 755 . 2643 mindy@irfocusllc.com nancycarr@hallmarkchannel.com # # #
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