KANSAS CITY, Mo., March 9, 2016 /PRNewswire/ -- Donald J. Hall
Jr., chief executive officer of Hallmark Cards, Inc., today
announced that Hallmark intends to acquire all of Crown Media
Holdings, Inc.'s (CRWN) outstanding common stock signaling the
company's intent to take Crown Media private.
About Hallmark
For more than 100 years, privately-held
Hallmark has been dedicated to creating a more
emotionally-connected world. In the U.S., products offered by
Hallmark Greetings, Hallmark Retail and Hallmark Home & Gifts
can be found in more than 32,000 retail accounts including mass
retailers, Hallmark Gold Crown® stores and online. Hallmark's
family of companies also includes Crayola®, maker of creative art
tools and toys, Crown Center, a mixed-use entertainment, office and
residential district in Kansas
City, and Hallmark International, which offers products in
more than 30 languages available in 100 countries. Hallmark also is
a majority stakeholder in Crown Media Holdings, Inc., which owns
and operates cable television's Hallmark Channel and Hallmark
Movies & Mysteries. Headquartered in Kansas City, Mo., Hallmark employs 30,000
people worldwide. For more information, visit Hallmark.com. Connect
on Facebook, Twitter, Instagram and Pinterest.
About Crown Media Holdings, Inc.
Crown Media Holdings, Inc. is the corporate parent for the
portfolio of cable networks and related businesses under Crown
Media Family Networks. The company currently operates and
distributes Hallmark Channel in both high definition (HD) and
standard definition (SD) to 90 million subscribers in the United States. Hallmark Channel is the
nation's leading destination for quality family programming with an
ambitious slate of TV movies and specials; original scripted
series, including When Calls the Heart and Good
Witch; as well as some of television's most beloved sitcoms and
series. Hallmark Channel is also home to annual holiday franchise,
Countdown to Christmas, featuring a lineup of 24/7 holiday
programming. Hallmark Channel's sibling network, Hallmark Movies
& Mysteries, is available in 64 million homes in HD and SD and
is one of America's fastest-growing cable networks. Hallmark Movies
& Mysteries features a unique mix of original movies and
acquired series focusing on the lighter side of the suspense and
mystery genres. The network is also home to the annual holiday
programming franchise, the Most Wonderful Movies of
Christmas, as well as presentations from the award-winning
Hallmark Hall of Fame library. In addition, Crown Media Family
Networks includes the online offerings of HallmarkChannel.com and
HallmarkMoviesandMysteries.com.
Crown Media Holdings, Inc. (NASDAQ: CRWN), owns and operates
Crown Media Family Networks.
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SOURCE Hallmark Cards, Inc.