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Exhibit 99.1
For Immediate Release
Crown Media Holdings Announces
Renewal of Distribution
Agreement with Comcast Corporation
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STUDIO CITY, CA - November 29, 2007 --
Crown Media Holdings, Inc. (NASDAQ: CRWN), owner and operator of
Hallmark Channel and Hallmark Movie Channel, today announced it has
renewed its distribution agreement for Hallmark Channel with
Comcast Corporation for a multi-year term. Under the new deal,
Comcast systems will have the right to distribute Hallmark Channel
and both the standard definition and high definition versions of
Hallmark Movie Channel. Hallmark Movie Channel plans to launch an
HD version in March 2008.
"We are delighted to announce this early renewal
of our affiliation agreement with Comcast because, as the nation's
largest cable distributor, they are one of Hallmark Channel's most
important partners in contributing to our ability to continue to
provide quality family friendly programming," said Henry Schleiff,
President and CEO, Crown Media Holdings, Inc. "Clearly, this
agreement reflects both Comcast's and Hallmark Channel's emphasis
on quality, fair price and service to our respective subscribers
and viewers. On a personal note, I would add that our ability to
reach a mutually satisfactory agreement should indicate that
regardless of size or other factors, parties who operate in good
faith can reach fair agreements without outside help or
intervention."
"Comcast is pleased to announce that it has
renewed its affiliation agreement with one of the nation's leading
providers of family friendly programming," said Madison Bond,
Executive Vice President of Content Acquisition, Comcast
Corporation. "Hallmark Channel is a highly-rated network with
original movies and classic series all delivered at a fair and
reasonable price. Our goal is to serve the best interests of
our subscribers and there are few networks that offer them better
programming or value than Hallmark Channel."
About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA, CMCSK)
(http://www.comcast.com) is the nation's leading provider of cable,
entertainment and communications products and services. With 24.1
million cable customers, 12.4 million high-speed Internet
customers, and 3.5 millio
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