OTHER NEWS - April 27, 1994

Hallmark to Buy TV Movie Producer RHI Entertainment: Hallmark Cards Inc. has agreed to acquire the independent producer for $378 million, plus the assumption of $50 million in debt. RHI, the producer of the critically acclaimed “Lonesome Dove” miniseries, will become a wholly owned subsidiary of the Kansas City, Mo.-based greeting card company, whose TV involvement mostly consists of its “Hallmark Hall of Fame” specials. RHI, which has carved out a niche as a producer of family entertainment, is one of the few small, publicly owned suppliers of TV movies that have survived and remained profitable during a shakeout in the industry over the last several years.