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INTERNATIONAL FAMILY ENTERTAINMENT TERMINATES TENDER OFFER FOR NOSTALGIA NETWORK

 VIRGINIA BEACH, Va., Jan. 13 /PRNewswire/ -- Nostalgia Acquisition Corp., a wholly owned subsidiary of International Family Entertainment, Inc. ("IFE") (NYSE: FAM), announced today that it is terminating its tender offer for all outstanding shares of common stock of The Nostalgia Network, Inc. ("Nostalgia") (NASDAQ Small Cap: NNETC) for $2 per share in cash and all outstanding shares of preferred stock of Nostalgia for $200 per share in cash.
 The Depositary for the offer has informed IFE that as of the close of business on Jan. 12, 1994, approximately 5,657,186 common shares and no preferred shares had been tendered pursuant to the offer.
 -0- 1/13/94
 /CONTACT: Michael Sitrick or David McAdam of Sitrick And Company, 310-788-2850/
 (FAM NNET)


CO: Nostalgia Acquisition Corp.; International Family Entertainment,
 Inc.; Nostalgia Network, Inc. ST: Virginia, California IN: ENT SU: TNM


JG-NI -- NY016 -- 1684 01/13/94 08:55 EST
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Publication:PR Newswire
Date:Jan 13, 1994
Words:148
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