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Crown Media 1Q profit down despite revenue gain
Crown Media Holdings Inc., the operator of Hallmark Channel and Hallmark Movie Channel, said Thursday that its first-quarter net income fell because of a year-ago tax benefit, but revenue grew.Net income in the three months to March 31 fell to $12.3 million, or 3 cents per share, from $47.5 million, or 13 cents per share, a year ago.The year-ago period included a tax benefit of $43.8 million, while
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