ComStar Media's Acquisition of FamilyNet Television and FamilyNet Radio Extends Its Reach to 50 Million Households

Together with AmericanLife Television Network, ComStar Media's Family of Networks Boast Solid Brands, Solid Viewership and Compelling Programming

Dec 08, 2009, 09:00 ET from ComStar Media

DALLAS, Dec. 8 /PRNewswire/ -- Chris Wyatt, CEO and President of ComStar Media today announced the acquisition of FamilyNet Television and FamilyNet Radio. The parent company of AmericanLife Television Network, ComStar Media will now extend its reach to 50 Million households.

FamilyNet thrives as one of the nation's leading family entertainment networks dedicated to quality "made for families" television, delivering award-winning classic family sitcoms, children's favorites, must-see originals, action series, classic movies, reality shows, and sports and lifestyle series.

"FamilyNet is a critical acquisition for ComStar because it triples our reach into 50 million households," said Chris Wyatt, President and CEO of ComStar Media. "We are aggressively acquiring distribution and technology that will position us to become the premiere network in the increasingly important family market."

"In Touch took FamilyNet as far as possible with our available resources. Its growth and success occurred with a swiftness we never could have expected," explained Phillip Bowen, In Touch Ministries' Chief Operating Officer. "When this opportunity with ComStar Media presented itself, we understood it was God taking FamilyNet to the next level."

Among the assets acquired by ComStar Media include FamilyNet Television's 26 million television households and FamilyNet Radio's 11 million subscribers (through SIRIUS Satellite Radio). The acquisition of FamilyNet Television will provide access to a diverse library of classic programming such as Emmy® and Golden Globe® award-winning classic family sitcoms "Happy Days" and "My Three Sons."

The acquisition also includes a multi million dollar original production library with programs such as "Judie Byrd's Kitchen," "The Wacky World of Bruce Barry," and "Aqua Kids." The addition of FamilyNet Radio will provide access to some of the most popular syndicated radio programs including "Focus on the Family," "In Touch With Dr. Charles Stanley," and "The Dave Ramsey Show."

About ComStar Media Fund, LP:

ComStar Media Fund, LP was founded in 2008 by Dr. Robert A. Schuller and Chris Wyatt. The fund is actively acquiring media properties that globally distribute family programming through television, mobile and Internet platforms. ComStar Media owns and operates the AmericanLife Television Network, FamilyNet Television, and FamilyNet Radio.

Contact Name: Jessica Boyer
Rogers & Cowan
Phone Number 1-310-854-8141
Email: jboyer@rogersandcowan

SOURCE ComStar Media