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INTERNATIONAL FAMILY ENTERTAINMENT SAYS IT FEELS ITS PROPOSAL TO ACQUIRE NOSTALGIA NETWORK IS IN BEST INTEREST OF SHAREHOLDERS

 Says It Is Willing to Extend the Deadline
 But Asks How Much More Time Nostalgia Board Needs
 VIRGINIA BEACH, Va., Oct. 12 /PRNewswire/ -- International Family Entertainment Inc. ("IFE") (NYSE: FAM) today said that it appreciates the board of directors of The Nostalgia Network's (Nostalgia) consideration of its proposal to acquire Nostalgia, which it believes to be both fair and in the best interest of Nostalgia's stockholders.
 In a letter to Nostalgia's President, George V. Bush, from IFE Senior Vice President and General Counsel Louis A. Isakoff, IFE said that is willing to extend the deadline from the date set forth in its offer of Oct. 7 to acquire The Nostalgia Network Inc. for a reasonable length of time.
 In its Oct. 7 proposal IFE has asked that the Nostalgia board of directors respond no later than 5 p.m. Los Angeles time on Friday, Oct. 15, 1993.
 The text of the letter follows:
 Dear Mr. Bush:
 I have been asked to respond to your letter of Oct. 11, 1993, to Tim
 Robertson. We appreciate the board's consideration of our proposal,
 which we feel to be fair and in the best interest of the
 stockholders of the company.
 Therefore, we are willing to extend the deadline set forth in our
 offer of Oct. 7, 1993, for a reasonable period of time. Please
 advise me how much time the board will need to consider our offer,
 so that we may make appropriate plans. Thank you for your prompt
 attention to this matter.
 On Oct. 8, 1993, IFE delivered a proposal to the board of directors of Nostalgia to acquire Nostalgia in a transaction in which each outstanding share of Nostalgia common stock would receive $1.50 in cash and $.50 in value of IFE common stock. In addition, each outstanding share of Nostalgia preferred stock would receive $150 in cash and $50 in market value of IFE common stock.
 In a letter delivered to the board of directors of Nostalgia on that date, IFE stated that it believes that the lifestyle, entertainment and informational programming offered by Nostalgia to an audience of active adult Americans who are 45 years of age or older is an attractive and natural complement to the programming offered by IFE to its Family Channel audience.
 In addition, IFE stated that the proposed transaction would provide immediate benefits to Nostalgia's stockholders by resolving the management turmoil and the current board deadlock which is threatening the financial condition of Nostalgia and that the transaction would provide Nostalgia's stockholders with the opportunity to receive cash and a continuing equity participation in IFE at a significant premium to the current market price for Nostalgia common stock.
 IFE also announced that, in connection with its proposal to the Nostalgia board, IFE has received the support of Tiger Communications Co. L.P., which owns securities representing approximately 27 percent of Nostalgia's fully diluted common stock. In a filing with the Securities and Exchange Commission, Tiger stated that it believes that the proposed transaction with IFE is in the best interests of all of stockholders of Nostalgia, unlike the recent proposal made to Nostalgia by Concept Communications Inc. which does not provide any direct benefit to Nostalgia's stockholders. Recently, Concept Communications offered to acquire 1 million shares of Nostalgia common stock directly from Nostalgia at a price $2 per share, subject to the removal of Michael C. Marcovsky, Nostalgia's current chairman from all offices of Nostalgia.
 International Family Entertainment Inc. owns and operates The Family Channel, one of the nation's largest advertiser-supported basic cable television networks. Currently reaching over 57 million subscribers, or approximately 94 percent of all cable households, The Family Channel provides high-quality entertainment programming and related products that emphasize traditional values and can be enjoyed by the entire family. IFE also owns MTM Entertainment Inc. which is engaged in the development, production and distribution of television series and other programs. MTM's film library includes series such as "Hill Street Blues," "The Mary Tyler Moore Show," "The Bob Newhart Show," "Remington Steele," "Lou Grant," "St. Elsewhere" and the current production of the CBS series, "Evening Shade."
 The Nostalgia Network Inc. operates a basic cable television service which offers a variety of lifestyle, entertainment and information programming to a target of active adult Americans who are 45 years or older.
 -0- 10/12/93
 /CONTACT: Michael Sitrick or Michael Kolbenschlag of Sitrick And Co., 310-788-2850/
 (FAM)


CO: International Family Entertainment Inc.; The Nostalgia Network Inc. ST: Virginia IN: ENT SU: TNM

JL-LS -- LA053 -- 1373 10/12/93 18:29 EDT
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Date:Oct 12, 1993
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