February 4, 1997 |
News Corp. and Liberty Media Corp. are negotiating to buy International Family Entertainment in a deal that would value the owner of the Family Channel cable network at about $1 billion, according to Wall Street sources. Under the proposal, the partners would take the publicly traded company private and reduce to 20% the stake held by the Robertson family, which now exerts control. Liberty would double its 20% stake; it and News Corp. would each own 40% of the private company.
November 16, 1993
Spotlight on International Family Entertainment: The Virginia Beach, Va.-based company, which employs more than 250 people, is considered one of the principal providers of cable network entertainment that espouses traditional family values. The company, headed by televangelist Pat Robertson, posted a 43.4% average gain in profit over the last three years. The company's bid to acquire the Nostalgia Network has gone unanswered since early October.
January 27, 1993 |
Robertson Completes MTM Acquisition: Television evangelist Pat Robertson's International Family Entertainment Inc. said it has formally acquired London-based TVS Entertainment, which owns the MTM television library. The deal is worth about $86 million.
May 8, 1992 |
Games to Play: Coming your way next January will be the Game Channel, a new 24-hour basic cable network offering original and syndicated game shows. Games will be played via 1-900 interactive telephone technology. The new network is being launched by International Family Entertainment Inc., the parent of the Family Channel.