Hallmark Cards Takes Crown Media Private

By ( Broadcasting & Cable )
Published

Hallmark Cards said it completed its acquisition of the 10% of Crown Media Holdings it didn’t already own, taking the company private.

Crown Media runs the Hallmark Channel and Hallmark Movies and Mysteries.

Hallmark Cards said that as a result of taking Crown Media private, Crown Media will not be holding a conference call to discuss its first quarter earnings. A call had been scheduled for May 3.

Latest Videos FromBroadcasting+Cable

Crown Media management, including CEO Bill Abbott, continue to run the cable networks, which have been growing their ratings and ad revenues over the past few years.

Related: Crown Media Sees More Ad Gains Ahead

Jon Lafayette
Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.