Article: Crown Media Holdings to Continue to Operate Channels; Solid Fundamentals Provide Positive Long-Term Outlook.

STUDIO CITY, Calif. -- Crown Media Holdings, Inc. (NASDAQ: CRWN), owner and operator of Hallmark Channel, today announced that after extensive review of strategic alternatives including a possible sale of the Company, the Board of Directors has decided to terminate this process and fully commit the Company's resources to continuing to operate its channels and its VOD and HD programming services.

"We worked diligently with the Special Committee and our financial advisors to evaluate various strategic initiatives" stated David Evans, President and CEO. "Ultimately the Board determined that the greatest value for our shareholders will be derived by our continued ...

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