Dr. Robert A. Schuller and Chris Wyatt's ComStar Acquires AmericanLife TV Network(TM)
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Dr. Robert A. Schuller and Chris Wyatt's ComStar Acquires AmericanLife TV
Network(TM)
Network To Serve As New Premiere Destination For Family Programming
Reverend Schuller Returns To Television With All-New Show
LOS ANGELES, May 27 /PRNewswire/ -- It was announced today that ComStar Media
Fund, LP, through its subsidiary ComStar Networks, LLC has acquired popular
"baby boomer" network AmericanLife TV Network(TM) (ALN) for an undisclosed
sum. The announcement was jointly made by ComStar Chairman Dr. Robert A.
Schuller and ComStar President & CEO Chris Wyatt, who assume oversight of the
network.
ALN thrives as the only independent network devoted to America's baby boomer
generation and their families, delivering classic TV, lifestyle, original and
socially responsible programming that addresses compelling issues important to
today's baby boomer audience. With the acquisition of ALN, ComStar has a
vehicle to build out a premiere family-friendly network that will amalgamate
television and Internet mediums and fill a void for safe, family programming
targeting viewers of all ages.
Commented Wyatt, "For too many years, baby boomers and their children have
been assaulted by programming that exemplifies anything but family-values.
When was the last time you sat down with your family and didn't have to cringe
at vulgar language, lewd storylines and inappropriate commercials? We are
developing new, original programming by leveraging our relationships with the
world's top artists, directors, producers, brands and the advertising
community, with an obvious focus on family-values based programming."
The network provides a platform for the return of Reverend Robert A. Schuller
to the media marketplace. One of the most recognized orators in the world, Dr.
Schuller served as Senior Pastor of Crystal Cathedral Ministries and hosted
the phenomenally popular global weekly television program "The Hour of Power."
Said Reverend Schuller, "Having been on television for 32 years, I've
witnessed first-hand the decline of family-values programming in America. I'm
looking forward to pioneering a new definition of 'family-values' programming
that speaks to all generations. As for my regular viewers on 'The Hour of
Power,' I encourage you to call your cable or satellite provider to get ALN as
not to miss the Fall debut of my new series. I can assure you, it won't be
like anything else on television today."
Wyatt added, "We are not creating another religious network but rather a
family-values channel. We've tapped into a huge underserved market and have
the opportunity over time to increase distribution to exceed 40 million homes.
As the founder and former CEO of GodTube.com, one of the fastest growing
website's of 2007, I have experience to apply to achieve this type of growth
in cable and satellite distribution."
Among the assets purchased by ComStar through the acquisition are ALN's more
than 12.7 million subscribers, a rich library of over 700 hours of original
programming, as well as a significant, growing distribution base. ComStar
expects to leverage these assets to grow subscribers and to use in ancillary
opportunities.
Changes at the network will include improving the network's on-air look,
revamping syndicated programming and strategically rebranding the network as
the destination for family values. The network will develop new original
family-friendly based content to compliment an expansive offering of classic
programs and films.
About ComStar Media Fund, LP:
ComStar Media Fund, LP was founded by Dr. Robert A. Schuller and Chris Wyatt.
The fund is actively acquiring media properties that globally distribute
family-value programming through television, mobile and Internet platforms.
ComStar Networks, LLC is owned by ComStar Media Fund, LP.
Dr. Schuller, former Senior Pastor of Crystal Cathedral Ministries, hosted a
worldwide weekly television program entitled "The Hour of Power." Based in
the US, the internationally televised ministry had offices in The Netherlands,
Canada, Russia, Germany, Austria, Switzerland, England, Australia, New
Zealand, South Africa and Hong Kong. With more than 20 million viewers
worldwide, Dr. Schuller is considered one of the most listened-to orators in
the world. His vision is to change the face of "Judeo-Christian" media with
compelling programming that entertains and engages, that reaches young and
old, and that drives viewers to engage more fully on a personal level.
Mr. Wyatt is the former CEO and founder of Godtube.com, one of the fastest
growing websites of 2007 according to comScore. Mr. Wyatt began his career as
a successful television producer shortly before graduating from the University
of Southern California at age 19. As a television producer he created and
produced some of the first reality-based shows. In the late 1990s, his work
on television and with online video caught the attention of Softbank, where he
was tapped to help create the world's first social network (communities.com).
Contact Name: Jessica Boyer/Jason Magner
Rogers & Cowan
Phone Number 1-310-854-8141/8128
Email: jboyer@rogersandcowan/ jmagner@rogersandcowan.com
SOURCE ComStar Media Fund, LP
Jessica Boyer, +1-310-854-8141, jboyer@rogersandcowan, or Jason Magner,
+1-310-854-8128, jmagner@rogersandcowan.com, both of Rogers & Cowan, for
ComStar Media Fund, LP
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