Article: Crown Media Holdings to Explore Strategic Alternatives.

STUDIO CITY, Calif. -- Crown Media Holdings, Inc. (NASDAQ: CRWN) today announced that its Board of Directors has authorized the Company to explore strategic alternatives for the Company, including a potential sale of the Company to a third party. In support of this initiative, a Special Committee of independent directors of the Board of Directors has been formed to oversee the process.

Hallmark Cards, Incorporated has advised the Company's Board of Directors that it fully supports the Board's determination. Hallmark also advised the Board that it would consider entering into a license agreement with respect to the Hallmark Channel name in connection with a sale ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!