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Crown Media Holdings, Inc. announced today that it has
commenced a registered exchange offer to exchange any and all of its
$300,000,000 aggregate principal amount of 10.5% Senior Secured Notes due 2019
that were issued in a private placement for an equal
principal amount of its 10.5% Senior Secured Notes due 2019 that have been
registered under the Securities Act of 1933, as amended.
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