Archive for Saturday, December 10, 2005

Hallmark Cards sells television subsidiary

December 10, 2005


Hallmark Cards Inc. said it is selling its television production company Hallmark Entertainment LLC to the subsidiary's president, Robert Halmi Jr., and a private investment firm.

Hallmark didn't disclose the price of the sale, expected to close in about two months.

Hallmark Entertainment makes movies and miniseries for more than a dozen cable channels and all four major networks, racking up $344 million in revenue in 2003, the latest year for which figures are available.


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