Liberty, CBN buy more IFE

International Family Entertainment announced that Liberty Programming, a subsidiary of Liberty Media, and Christian Broadcasting Network have exercised their option to buy Intl.

Family shares.

The Virginia Beach cable programmer said it will receive $ 26.9 million in cash on sale of a total of 2.5 million shares.

IFE said Liberty will purchase 1.5 million shares and Christian Broadcasting will purchase 1 million shares at a purchase price of $ 10.875 per share.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More TV News from Variety