Crown Media Discontinues Trading On Euronext Amsterdam Stock Exchange and Remains On Nasdaq National Market.Business Editors GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--June 1, 2001 Crown Media Holdings, Inc. (Nasdaq: CRWN CRWN Composite Reconfigurable Wireless Network ) (AEX AEX See: Amsterdam Exchange : CRWN) today announced plans to discontinue trading of its shares of Class A Common Stock on the Euronext Amsterdam stock exchange
The Amsterdam Stock Exchange is the former name for the stock exchange based in Amsterdam. effective June 8, 2001. The last day of trading of the Class A shares on the Euronext Amsterdam will be June 7, 2001. Shares of Crown Media Holdings Class A Common Stock will continue to trade on the Nasdaq National Market under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors CRWN. William Aliber, Crown Media Holdings' Executive Vice President and Chief Financial Officer, commented "Weakness in the European market since the Company's IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. last year caused a softening in European entertainment stocks and as a result, the average trading volume of Crown Media Holdings on the Euronext Amsterdam has been negligible. Given the fact that the Company's Class A shares are predominantly held by United States investors, we determined it was in the Company's best interest to discontinue trading of our shares on the Euronext Amsterdam stock exchange." About Crown Media Holdings Crown Media Holdings, Inc. owns and operates pay television channels dedicated to high quality broad appeal entertainment programming. The company currently operates and distributes two cable channels: Odyssey Network/Hallmark Channel in the U.S. and Hallmark Channel in more than 100 international markets. The combined channels have more than 65 million subscribers worldwide. Significant investors in Crown Media Holdings, Inc. include Hallmark Entertainment, Inc., a subsidiary of Hallmark Cards, Incorporated, Liberty Media Corp., EM.TV & Merchandising AG (parent company of The Jim Henson Company), the National Interfaith Cable Coalition and J. P. Morgan Partners (BHCA (Busy Hour Call Attempts) The number of times a telephone call is attempted during the busiest hour of the day. See busy hour. ), L. P. |
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