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NOSTALGIA NETWORK RECEIVES ADDITIONAL OFFERS; ALLEN & COMPANY RETAINED TO REVIEW PROPOSALS

 LOS ANGELES, Nov. 8 /PRNewswire/ -- The Special Committee of the Board of Directors of The Nostalgia Network, Inc. (OTC: NNET) announced today that it has received additional offers and proposals to purchase a significant number of shares of Nostalgia stock, including an offer to purchase at least 54 percent of Nostalgia's shares at a price of $2.20 per share under certain conditions. The Special Committee was formed by the Nostalgia Board of Directors on October 11, 1993 to consider various equity infusion and stock purchase proposals, including proposals made by Concept Communications, Inc. and International Family Entertainment, Inc. The Company has retained the investment banking firm of Allen & Company, Incorporated to assist the Committee in its deliberations.
 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- 11/08/93
 /CONTACT: James K. Merrill of Merrill & Associates, 619-431-5544; or Desmond Towey or George Robinson of Desmond Towey & Associates, 212-888-7600, all for The Nostalgia Network, Inc./
 (NNET)


CO: The Nostalgia Network, Inc. ST: California IN: ENT SU:

WB -- NY089 -- 3520 11/08/93 16:08 EST
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Publication:PR Newswire
Date:Nov 8, 1993
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