August 9, 2007 |
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.
May 11, 2006 |
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.
April 18, 2006 |
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.
September 26, 2001 |
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.
June 27, 1994 |
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.
September 21, 1991 |
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.