Crown Media Receives Extension from Nasdaq for Filing Financial Reports.GREENWOOD VILLAGE, Colo. -- Crown Media Holdings, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CRWNE) has been notified by Nasdaq that Nasdaq will continue to list the Company's stock, even though the Company has delayed the filing of its Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the period ended December 31, 2004 and its Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the period ended March 31, 2005. The Company's continued listing on Nasdaq is conditioned on filing these reports by June 15, 2005. This extension of time for filing the Company's reports results from a hearing before a Nasdaq panel as previously announced. The Company believes it will be able to satisfy the June 15, 2005 filing requirement. About Crown Media Holdings Crown Media Holdings, Inc. (NASDAQ: CRWNE) owns and operates cable television channels dedicated to high quality, broad appeal, entertainment programming. The Company currently operates and distributes the Hallmark Channel in the U.S. to 68 million subscribers. Through its subsidiary, Crown Media Distribution, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Crown also distributes titles from its award-winning collection of movies, mini-series and films for exhibition in a variety of television media including broadcast, cable, video-on-demand and high definition television. Significant investors in Crown Media Holdings include: Hallmark Entertainment Holdings, Inc., a subsidiary of Hallmark Cards, Incorporated, Liberty Media Corp., 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. ), LP, each through their investments in Hallmark Entertainment Investments Co.; VISN VISN Veterans Integrated Service Network VISN Virtual Integrated Sky Network (Loral Orion) VISN Visual Interactive Support Network Management Corp., a for-profit subsidiary of the National Interfaith Cable Coalition; and Hughes Electronics Corporation. |
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