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BUSINESS
April 18, 2006 | From Bloomberg News
Crown Media Holdings Inc. ended a process to sell the company and said Monday that it would focus on running its Hallmark Channel cable television network. The stock fell to its lowest price in more than two years. The company looked at "various strategic alternatives" and decided that the continued operation of its business would provide the greatest value for shareholders, Studio City-based Crown Media said.
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BUSINESS
September 7, 2010 | By Meg James, Los Angeles Times
Martha Stewart has a knack for transforming dated rooms into design showpieces. Now she's undertaking another major renovation: the Hallmark Channel. Beginning Monday, Stewart will provide eight hours of programming each weekday as part of an ambitious revamp of the Hallmark Channel. After pinning its fortunes on the broad appeal of sentimental made-for-TV movies and reruns of such classic shows as "The Golden Girls" and "Little House on the Prairie," Hallmark plans to focus on home and lifestyle improvement and cooking shows.
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BUSINESS
August 9, 2007 | From Times Wire Services
Crown Media Holdings Inc., operator of the Hallmark Channel cable television network, reported a narrower second-quarter loss because of increased revenue from advertising and subscriber fees. Shares rose 11%, the most in almost seven months. The loss was $43.7 million, or 42 cents a share, compared with a loss of $227.4 million, or $2.17, a year earlier, Studio City-based Crown Media said. Sales increased 11% to $55.9 million as advertising sales rose.
BUSINESS
September 2, 2010 | By Meg James, Los Angeles Times
About 2.5 million AT&T U-verse television service customers lost their access to the Hallmark channels Wednesday, the latest dispute in a high-stakes scrimmage between TV programmers and the cable, satellite and telephone companies that carry their signals. The two Hallmark channels, which concentrate on family programming, went dark on AT&T's system at 9:01 p.m. Tuesday after AT&T and Crown Media Holdings Inc. of Studio City failed to reach a new carriage agreement. The blackout occurred less than two weeks before the launch of Hallmark's high-profile programming makeover starring lifestyle maven Martha Stewart.
BUSINESS
May 11, 2006 | From Bloomberg News
Crown Media Holdings Inc., which runs the Hallmark Channel cable television network, said Chief Executive David Evans was resigning effective June 16, about three months before his contract ends. Chief Operating Officer Paul FitzPatrick will serve as interim CEO until a replacement for Evans is found, Studio City-based Crown Media said in a statement distributed by Business Wire. Separately, the company said its first-quarter loss narrowed to $47.2 million. Sales rose 11% to $45 million.
BUSINESS
September 26, 2001 | Sallie Hofmeister
Margaret Loesch resigned as president and chief executive of Crown Media United States, the owner of the Hallmark Channel, which until recently was known as the Odyssey Network. Loesch will be succeeded by Lana Corbi, the firm's chief operating officer, who had served as president of network distribution at Fox Broadcasting Co.
BUSINESS
June 27, 1994 | From Times Staff and Wire Reports
Hallmark to Shed Cable Unit: The company agreed to sell its Crown Media cable television operation for $900 million. In announcing the deal, Hallmark Cards Inc. said it will concentrate on developing TV programs rather than delivering them. Dallas-based Crown Media will be sold to Charter Communications of St. Louis and Marcus Cable of Dallas. Under the deal, Charter will acquire 630,000 Crown Media cable customers in five states, including Missouri.
BUSINESS
September 21, 1991 | From Times Staff and Wire Reports
Hallmark Card Unit Buys Cable Firm: Hallmark Cards Inc.'s Crown Media unit is acquiring a controlling interest in a Missouri-based cable company, putting the greeting card giant among the top 20 cable operators. The Wall Street Journal reported that the transaction for the interest in Cencom Cable Associates Inc. is estimated to be worth $1 billion. A spokesman for Dallas-based Crown Media, Bob Druten, said there was a deal but he could not provide details immediately.
BUSINESS
September 7, 2010 | By Meg James, Los Angeles Times
Martha Stewart has a knack for transforming dated rooms into design showpieces. Now she's undertaking another major renovation: the Hallmark Channel. Beginning Monday, Stewart will provide eight hours of programming each weekday as part of an ambitious revamp of the Hallmark Channel. After pinning its fortunes on the broad appeal of sentimental made-for-TV movies and reruns of such classic shows as "The Golden Girls" and "Little House on the Prairie," Hallmark plans to focus on home and lifestyle improvement and cooking shows.
BUSINESS
September 2, 2010 | By Meg James, Los Angeles Times
About 2.5 million AT&T U-verse television service customers lost their access to the Hallmark channels Wednesday, the latest dispute in a high-stakes scrimmage between TV programmers and the cable, satellite and telephone companies that carry their signals. The two Hallmark channels, which concentrate on family programming, went dark on AT&T's system at 9:01 p.m. Tuesday after AT&T and Crown Media Holdings Inc. of Studio City failed to reach a new carriage agreement. The blackout occurred less than two weeks before the launch of Hallmark's high-profile programming makeover starring lifestyle maven Martha Stewart.
BUSINESS
August 9, 2007 | From Times Wire Services
Crown Media Holdings Inc., operator of the Hallmark Channel cable television network, reported a narrower second-quarter loss because of increased revenue from advertising and subscriber fees. Shares rose 11%, the most in almost seven months. The loss was $43.7 million, or 42 cents a share, compared with a loss of $227.4 million, or $2.17, a year earlier, Studio City-based Crown Media said. Sales increased 11% to $55.9 million as advertising sales rose.
BUSINESS
May 11, 2006 | From Bloomberg News
Crown Media Holdings Inc., which runs the Hallmark Channel cable television network, said Chief Executive David Evans was resigning effective June 16, about three months before his contract ends. Chief Operating Officer Paul FitzPatrick will serve as interim CEO until a replacement for Evans is found, Studio City-based Crown Media said in a statement distributed by Business Wire. Separately, the company said its first-quarter loss narrowed to $47.2 million. Sales rose 11% to $45 million.
BUSINESS
April 18, 2006 | From Bloomberg News
Crown Media Holdings Inc. ended a process to sell the company and said Monday that it would focus on running its Hallmark Channel cable television network. The stock fell to its lowest price in more than two years. The company looked at "various strategic alternatives" and decided that the continued operation of its business would provide the greatest value for shareholders, Studio City-based Crown Media said.
BUSINESS
September 26, 2001 | Sallie Hofmeister
Margaret Loesch resigned as president and chief executive of Crown Media United States, the owner of the Hallmark Channel, which until recently was known as the Odyssey Network. Loesch will be succeeded by Lana Corbi, the firm's chief operating officer, who had served as president of network distribution at Fox Broadcasting Co.
BUSINESS
June 27, 1994 | From Times Staff and Wire Reports
Hallmark to Shed Cable Unit: The company agreed to sell its Crown Media cable television operation for $900 million. In announcing the deal, Hallmark Cards Inc. said it will concentrate on developing TV programs rather than delivering them. Dallas-based Crown Media will be sold to Charter Communications of St. Louis and Marcus Cable of Dallas. Under the deal, Charter will acquire 630,000 Crown Media cable customers in five states, including Missouri.
BUSINESS
September 21, 1991 | From Times Staff and Wire Reports
Hallmark Card Unit Buys Cable Firm: Hallmark Cards Inc.'s Crown Media unit is acquiring a controlling interest in a Missouri-based cable company, putting the greeting card giant among the top 20 cable operators. The Wall Street Journal reported that the transaction for the interest in Cencom Cable Associates Inc. is estimated to be worth $1 billion. A spokesman for Dallas-based Crown Media, Bob Druten, said there was a deal but he could not provide details immediately.
BUSINESS
March 27, 2008 | From Times Staff and Wire Reports
Hallmark Channel, owned by Crown Media Holdings Inc. of Studio City, said it bought the rights to 99 movies from Walt Disney Co., including "Old Yeller" and "The Santa Clause," to reach younger audiences. The deal is for eight years, a Hallmark Channel spokeswoman said. Financial terms weren't disclosed.
BUSINESS
November 12, 2003 | Sallie Hofmeister
Veteran television executive Margaret Loesch has paired up with former president of Mattel Inc. Bruce Stein to produce entertainment and consumer products for children and families. Their new company, Hatchery, is financed by investors including Peter Guber and Paul Schaeffer of Mandalay Entertainment Group. Loesch was the founding president of Fox Kids Networks Worldwide, which gave News Corp. a beachhead in children's television. She most recently was chief executive of the U.S.
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