Business/Finance
Hallmark Channel confirmed that Crown CEO Henry Schleiff met with Turner execs last week but declined to elaborate. The net pulled its “For Sale” sign off in Apr ’06, but Schleiff has said he’s always willing to talk to potential buyers (Cfax, 2/27). The net awaits a decision by National Interfaith Cable Coalition on its “put” option for 4mln Crown shares. NICC could sell the shares to the public or to a strategic investor, or it could use its put right to force Crown to buy them back. — Former Viacom and MTVN CEO Tom Freston joined Michael Eisner and Time Warner as an investor in Veoh Nets, which aggregates TV content for consumption at Veoh.com. Former Viacom Ent Group chmn/CEO Jonathan Dolgen was also named a backer of the venture, which last month closed a $25mln Series C funding round.