Crown Media Holdings Announces Commencement of Exchange Offer for its 10.5% Senior Notes due 2019 for Registered Notes

Crown Media Holdings, Inc. announced today that it has commenced a registered exchange offer to exchange any and all of its $300,000,000 aggregate principal amount of 10.5% Senior Secured Notes due 2019 that were issued in a private placement for an equal principal amount of its 10.5% Senior Secured Notes due 2019 that have been registered under the Securities Act of 1933, as amended.