Crown Media Holdings, Inc.
 (CRWN)

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  • Dec. 15, 2015, 5:55 PM
    • Monday Night Football was a winner again for ESPN (DIS +2.6%), with a matchup that helped the network top the week's cable ratings yet again.
    • The Dallas-Washington tilt on MNF drew a week-leading 14.1M viewers to pace ESPN's prime-time average 2.8M viewers, just ahead of holiday-stuffed sibling network ABC Family, which drew 2.2M, and Fox News Channel's (FOX +0.4%, FOXA +0.3%) 2M viewers, Nielsen says.
    • Discovery Channel (DISCA +0.3%) and Hallmark Channel (CRWN +1.6%) were tied at No. 4 with 1.9M viewers. Hallmark scored with a pair of films breaking into the top 10: On the 12th Day of Christmas (3.5M viewers) and Family for Christmas (3.3M).
    • On a 24-hour basis, Fox News was No. 1 for the week. Looking at the coveted 18-49 demographic, ESPN topped the charts in prime-time, and Adult Swim on a 24-hour basis.
    | Dec. 15, 2015, 5:55 PM | 6 Comments
  • Dec. 3, 2015, 4:25 PM
    • Crown Media Holdings (CRWN -0.7%) says that Timothy Griffith and Steve Doyal are retiring from the board, along with their retirements from Hallmark Cards.
    • Directors have appointed James Shay and Molly Biwer to replace them on the board. Shay is becoming chief financial officer at Hallmark on Jan. 1, after joining earlier this year. He'll also serve on the board's Finance Committee.
    • Biwer is senior VP of Public Affairs and Communications at Hallmark, also after joining the company earlier this year.
    | Dec. 3, 2015, 4:25 PM
  • Nov. 17, 2015, 5:19 PM
    • The Hallmark Channel (CRWN +1.7%) is taking advantage of November's onset, switching to all holiday programming all the time and jumping to third in last week's cable ratings, averaging 1.78M viewers.
    • The channel plans original films each year, and I'm Not Ready for Christmas drew 3.6M viewers on Saturday while Christmas Inc. pulled 2.5M on Sunday.
    • For the week, Hallmark finished behind ESPN (DIS, 2.71M viewer average) and Fox News (FOX, FOXA, 2.29M average). It's planning original movies for each night during the Thanksgiving holiday weekend as well, and viewership for the first two weeks of November are up 89% over October's average.
    • CBS won prime time among big broadcasters again, averaging 10.2M viewers, ahead of NBC (CMCSA, 8.3M), ABC (6.2M) and Fox (3.6M).
    • NBC Nightly News won newscasts with 9.3M, ahead of ABC's World News Tonight with 8.8M.
    | Nov. 17, 2015, 5:19 PM | 1 Comment
  • Nov. 2, 2015, 8:35 AM
    • Crown Media (NASDAQ:CRWN): Q3 EPS of $0.02
    • Revenue of $106.21M (+13.8% Y/Y)
    | Nov. 2, 2015, 8:35 AM
  • Aug. 6, 2015, 1:01 PM
    • Disney (NYSE:DIS) is down another 5.2% today (down 13.7% in two days) amid a deepening media stock sell-off that it seems to have spurred with its Tuesday earnings report, where it took a fair chunk of time on an analyst call acknowledging subscriber losses at ESPN.
    • Also off broadly at midday: CBS -3.1%; CMCSA -4%; FOXA -9.8%; VIAB -15.6%; TWX -5%; AMCX -9.6%; LGF -6.7%.
    • The sell-off is affecting several companies with a cable or pay-TV component, as sub losses at ESPN -- the most valuable part of any cable bundle -- point to the effect of cord-cutting.
    • Analysts are agreeing that the trend of unbundling (or skinny bundling) might threaten the long-term health of the pay TV ecosystem, which has profited from the promise of rising subscription fees from providers. That's dependent on subscriber counts that don't significantly drop off.
    • A growing pile of reports this week is indicating warning signs for subscriber counts. Dish Network (DISH -2.2%) had "almost certainly the worst quarter" for satellite subscriber losses, analyst Craig Moffett noted, as it merged Sling TV subscriber growth into its overall count, masking the core number. Moffett estimates Dish lost 151K satellite TV customers in Q2.
    • Subscriber losses mean lower affiliate fees. Disney said in its call "we now expect domestic cable affiliate revenue [growth] to fall short of previous expectation, but still in high single digits."
    • Other industry decliners: CRWN -8.9%; QVCA -5.4%; STRZA -6.1%
    • Previously: Disney tumbles 8.9% after revenue miss; Iger talks ESPN again (Aug. 05 2015)
    • Previously: Disney's Iger bullish on ESPN despite consumer changes, unbundling (Aug. 04 2015)
    | Aug. 6, 2015, 1:01 PM | 28 Comments
  • Aug. 3, 2015, 9:51 AM
    • Crown Media (NASDAQ:CRWN) is up 3.8% after its Q2 results where it grew EPS 50% Y/Y on a 16% revenue gain paced by strong ratings-based advertising growth.
    • Adjusted EBITDA grew 26% to $46.7M. Cash from operating activities was $33.7M vs. a year-ago $32.4M.
    • Revenue by segment: Advertising, $88.9M (up 18.5%); Subscriber fees, $20.6M (down 1.8%; revenue dropped from one distributor); Advertising by Hallmark Cards, $500K (down 42.5%); Other, $3.32M (up 482%, due to licensing revenue from original scripted series).
    • Conference call to come at 11 a.m. ET.
    | Aug. 3, 2015, 9:51 AM
  • Aug. 3, 2015, 8:35 AM
    • Crown Media (NASDAQ:CRWN): Q2 EPS of $0.06
    • Revenue of $113.25M (+16.3% Y/Y)
    | Aug. 3, 2015, 8:35 AM | 1 Comment
  • Jun. 25, 2015, 5:26 PM
    • Crown Media Holdings (NASDAQ:CRWN) says it's closed a new $425M in senior secured credit facilities.
    • The move will mean two facilities, a $325M term loan and $100M revolver.
    • About $80M of the $325M term loan will be used to pay fees and terminate its existing credit pact, and the rest to redeem 10.5% senior notes due 2019, while the revolving loan will be used for general purposes.
    | Jun. 25, 2015, 5:26 PM
  • May 1, 2015, 9:10 AM
    • Hallmark-brand pay TV provider Crown Media Holdings (NASDAQ:CRWN) is up 5.6% premarket after a second straight quarter of double-digit ad revenue growth led it to an $18.5M profit for Q1, up 54% Y/Y.
    • Adjusted EBITDA was $40.3M, compared to a prior-year $31M.
    • Revenue breakout: Advertising, $78.4M (up 14.4%); Advertising by Hallmark Cards, $759M (down 11.2%); Subscriber fees, $20.9M (down 0.6%); Other, $479K (up 71%).
    • Conference call at 11 a.m. ET.
    | May 1, 2015, 9:10 AM
  • May 1, 2015, 8:35 AM
    • Crown Media (NASDAQ:CRWN): Q1 EPS of $0.05
    • Revenue of $100.5M (+10.8% Y/Y) beats by $4.4M.
    | May 1, 2015, 8:35 AM
  • Feb. 20, 2015, 10:54 AM
    • Crown Media Holdings (NASDAQ:CRWN) has given back some gains after its Q4 earnings report, but is still up significantly, +3.7%.
    • The Hallmark cable operator posted heavy gains in ad revenue along with programming costs that went against the tide, declining 6%.
    • A rebranded Hallmark Movies & Mysteries channel drew higher ratings alongside a price increase to boost ad revenues.
    • Revenue breakdown: Advertising (including by Hallmark Cards), $111.1M (up 14.2%); subscriber fees, $20.3M (down 1.4%); other revenue of $2.9M (up 408%).
    • Non-affiliate programming cost slipped to $32.7M from $35.2M, and the company wrote off $2.5M in programming.
    | Feb. 20, 2015, 10:54 AM
  • Feb. 20, 2015, 8:36 AM
    • Crown Media (NASDAQ:CRWN): Q4 EPS of $0.15 beats by $0.06.
    • Revenue of $134.24M (+13.4% Y/Y) misses by $2.77M.
    | Feb. 20, 2015, 8:36 AM
  • Jan. 20, 2015, 8:44 AM
    • Crown Media Holdings (NASDAQ:CRWN) will report Q4 results on Feb. 20 before the market opens.
    • The conference call is scheduled to begin at 11.00 a.m. ET.
    • Consensus view is EPS of $0.09 on revenues of $137.01M.
    | Jan. 20, 2015, 8:44 AM
  • Nov. 11, 2014, 7:24 AM
    • The FCC votes to uphold a previous ruling by its Media Bureau covering the access by third parties to pay-TV contracts.
    • In-person access to the information will open up on November 17 unless programmers win a new court order.
    • FCC statement (.pdf)
    • Related stocks: DIS, CBS, AMCX, TWX, VIAB, SNI, FOXA, CMCSA, CRWN.
    | Nov. 11, 2014, 7:24 AM
  • Nov. 7, 2014, 8:35 AM
    • Crown Media Holdings (NASDAQ:CRWN): Q3 EPS of $0.04 beats by $0.01.
    • Revenue of $93.33M (+10.6% Y/Y) beats by $0.94M.
    | Nov. 7, 2014, 8:35 AM
  • Sep. 30, 2014, 8:07 AM
    • Cowen Research says the trend of sluggish TV ratings has continued through Q3.
    • The investment firm estimates broadcast viewers in the key 18-49 year old demographic fell 8% Y/Y (ex. Thursday night football) last week on a live+3 reading.
    • There's growing concern in the sector that more advertising dollars will float to digital channels due to the ratings slump.
    • Related stocks: CBS, CMCSA, DIS, FOXA, AMCX, VIA, SNI, CRWN, MSG.
    | Sep. 30, 2014, 8:07 AM
Company Description
Crown Media Holdings Inc owns and operates pay television networks for families through its channels: Hallmark and Hallmark Movies and Mysteries. It features series such as Golden Girls, The Middle, Frasier and Home and Family.
Sector: Services
Industry: CATV Systems
Country: United States