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INTERNATIONAL FAMILY ENTERTAINMENT MAKES INITIAL PUBLIC OFFERING OF 10 MILLION SHARES OF CLASS B COMMON STOCK

INTERNATIONAL FAMILY ENTERTAINMENT MAKES INITIAL PUBLIC OFFERING OF
 10 MILLION SHARES OF CLASS B COMMON STOCK
 NEW YORK, April 29 /PRNewswire/ -- Donaldson, Lufkin & Jenrette Securities Corporation, Merrill Lynch & Co., Smith Barney, and Harris Upham & Co. Incorporated, as managers of the underwriting group, announced today the initial public offering of 10,000,000 shares of class B common stock of International Family Entertainment, Inc. ("IFE") (NYSE: FAM), owner of the Family Channel, at $15 per share.
 The class B common stock has been approved for listing on the New York Stock Exchange under the symbol FAM. Of the 10,000,000 shares of class B common stock being offered, 3,333,333 shares are being sold by the company and 6,666,667 shares are being sold by the Christian Broadcasting Network, which had owned the Family Channel until its sale more than two years ago to IFE.
 International Family Entertainment's gross proceeds from the sale of stock are $50.0 million. Company officials said the proceeds from the offering will be used for general corporate purposes, including the production of original programs, marketing campaigns and possible investments and acquisitions.
 International Family Entertainment, headquartered in Norfolk, Va., produces, exhibits and distributes entertainment programming and related products targeted at families. Its Family Channel is an advertiser- supported basic cable television network that provides family-oriented entertainment programming.
 Copies of the prospectus are available from Donaldson, Lufkin & Jenrette Securities Corporation, 140 Broadway, New York, NY 10005.
 -0- 4/28/92
 /CONTACT: Earl Weirich of International Family Entertainment, 804-523-7301/
 (FAM) CO: International Family Entertainment Inc. ST: IN: ENT SU: OFR


TQ -- NY013 -- 4211 04/29/92 09:23 EDT
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Date:Apr 29, 1992
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