Crown Media Holdings Announces Q3 EPS of $0.00

Crown Media Holdings, Inc.

today reported its operating results for the three and nine months ended September 30, 2010. Crown Media reported revenue of $62.5 million for the third quarter of 2010, a less than 1% decrease from $62.8 million for the third quarter of 2009. Subscriber fee revenue decreased 13% to $14.0 million from $16.0 million in the third quarter of 2009 due to the lack of distribution agreements with two multiple system operators. Adjusted EBITDA was $9.7 million for the third quarter of 2010 compared to $16.3 million for the same period last year. Cash provided by operating activities totaled $22.7 million for the third quarter of 2010 compared to $20.0 million for the same period last year. The net income for the quarter ended September 30, 2010, totaled $5.9 million, or $0.00 per share, compared to a net loss of $10.2 million, or $0.10 per share, in the third quarter of 2009.