Hallmark Cards Takes Crown Media Private

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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.

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.