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NOSTALGIA NETWORK TO REVIEW OFFER BY INTERNATIONAL FAMILY ENTERTAINMENT

 LOS ANGELES, Nov. 30 /PRNewswire/ -- The Nostalgia Network, Inc., (OTC: NNET) announced today that its Board of Directors would review the tender offer made by International Family Entertainment, Inc., and make a recommendation to the Company's stockholders within the required time. The Company urged its stockholders not to tender their shares until they could consider the Board's recommendation. The Company noted that the Special Committee of the Board of Directors, with the assistance of its financial advisor, Allen & Company, Incorporated, is actively pursuing potential transactions in order to maximize value for the Company and it stockholders.
 The Nostalgia Network is the only 24 hour basic cable television service that targets the rapidly growing and increasingly affluent market of active adult Americans over 45 by offering entertainment, lifestyle and informational programming and currently serves more than 14 million subscribers via satellite to approximately 740 cable television systems throughout the United States.
 -0- 11/30/93
 /CONTACT: James K. Merrill of The Nostalgia Network, Inc., 619-431-5960; or Desmond Towey or George Robinson of Desmond Towey & Associates, 212-888-7600, for The Nostalgia Network, Inc./
 (NNET)


CO: Nostalgia Network, Inc.; International Family Entertainment, Inc. ST: New York IN: ENT SU:

WB -- NY110 -- 8941 11/30/93 17:31 EST
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Publication:PR Newswire
Date:Nov 30, 1993
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