Crown Media 8-K/A Results of Operations and Financial Condition

Exhibit 99.2

Crown Media Holdings, Inc.
Unaudited Consolidated Balance Sheets
(In thousands, except share and per share data)
	As of September 30,		As of December 31,
	2010		2009
ASSETS
Cash and cash equivalents	$	36,150	$	10,456
Restricted cash		20,019		-
Accounts receivable, less allowance for doubtful
accounts of $224 and $476, respectively		62,978		68,817
Program license fees		98,690		106,825
Prepaid program license fees		10,727		1,778
Prepaid and other assets		2,351		2,271
Total current assets		230,915		190,147
Program license fees		138,939		178,332
Property and equipment, net		12,522		13,176
Goodwill		314,033		314,033
Prepaid and other assets		891		2,373
Total assets	$	697,300	$	698,061

	As of September 30,			As of December 31,
	2010			2009
LIABILITIES AND STOCKHOLDERS' DEFICIT
LIABILITIES
Accounts payable and accrued liabilities	$	22,857		$	19,642
Audience deficiency reserve		31,144			17,872
License fees payable		94,047			99,494
Payables to Hallmark Cards affiliates		5,543			23,745
Credit facility and interest payable		-			1,002
Notes and interest payable to HC Crown		45,350			345,314
Company obligated mandatorily redeemable preferred interest		24,619			22,902
Total current liabilities		223,560			529,971
Accrued liabilities		21,333			24,484
License fees payable		44,016			82,881
Notes and interest payable to HC Crown		387,658			-
Senior unsecured note to HC Crown, including accrued interest		-			758,755
Total liabilities		676,567			1,396,091
COMMITMENTS AND CONTINGENCIES
REDEEMABLE PREFERRED STOCK, $0.01 par value; 1,000,000 shares
authorized;  issued and outstanding shares of 185,000 and 0
as of September 30, 2010, and December 31, 2009, respectively		191,860			0
STOCKHOLDERS' DEFICIT
Class A common stock, $.01 par value; 500,000,000 and
200,000,000 shares authorized; 359,675,936 and
74,117,654 shares issued and outstanding as of
September 30, 2010, and December 31, 2009, respectively		3,597			741
Class B common stock, $.01 par value; 120,000,000 shares
authorized; 0 and 30,670,422 shares issued and outstanding
as of September 30, 2010, and December 31, 2009, respectively		-			307
Paid-in capital		1,993,390			1,456,788
Accumulated deficit		(2,168,114	)		(2,155,866	)
Total stockholders' deficit		(171,127	)		(698,030	)
Total liabilities and stockholders' deficit	$	697,300		$	698,061