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TV Loonland seeing swoon

Kidvid suffers overseas

COLOGNE — Kidvidder TV Loonland slid into the red in the first half of 2002, with sales down by more than 50% as broadcasters tightened their belts.

Revenues fell to $15 million while the company swung to a loss of $8 million from a profit of $13 million a year earlier.

TV Loonland said its business particularly suffered on the Latin American market but also lagged expectations in Asia.

Company’s portfolio includes “The Cramp Twins,” “Little Ghosts” and “Clifford.”

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