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Hallmark Cards, Inc.
Hallmark channels on a roll but not all shareholders celebrate
Hallmark channels on a roll but not all shareholders celebrate

The Hallmark Channel and its sister network Hallmark Movie Channel are doing so well they should get congratulation cards from their namesake. Ratings for both networks are up, ad revenue and cash flow is growing too, and the stock price of parent company Crown Media Holdings Inc. has almost doubled in the last 18 months. But a Hallmark moment this isn't. While independent shareholders are pleased with the performance of the two channels, that happiness doesn't translate to Crown management or Hallmark Cards Inc., which owns the majority of Crown stock. Investors would like to see Crown shop itself to a bigger media company, believing that continuing as an independent...

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