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                                                                    Exhibit 99.1

FOR IMMEDIATE RELEASE                                 Contact:  Christine Castro
December 20, 2001                                               818-560-6427


ABC FAMILY WORLDWIDE, INC. COMPLETES CHANGE OF CONTROL OFFER FOR 9 1/4% SENIOR
NOTES DUE 2007 AND 10 1/4% SENIOR DISCOUNT NOTES DUE 2007
 BURBANK, Calif. - December 20, 2001 - ABC Family Worldwide, Inc. today
announced the completion of its change of control offer to purchase any and
all of its outstanding 9 1/4% Senior Notes due 2007 and its 10 1/4% Senior
Discount Notes due 2007 at a purchase price of 101% of the principal amount
at maturity of the notes, plus any accrued and unpaid interest up to the
expiration of the offer. The offer expired as scheduled at 5:00 p.m., New
York City time, on December 19, 2001. The offer was made pursuant to the
company's Change of Control Notice, Offer to Purchase and Solicitation of
Consents, dated November 20, 2001.

Based upon a preliminary report of the Bank of New York, the depositary and
paying agent for the offer, $3,760,000 in aggregate principal amount at
maturity of the Registrant's 9 1/4% Senior Notes due 2007 and $1,640,529 in
aggregate principal amount at maturity of the Registrant's 10 1/4% Senior
Discount Notes due 2007 were validly tendered pursuant to the terms of the
offer. It is expected that payment for validly tendered notes will be made
not later than Thursday, December 27, 2001.

In addition, on December 12, 2001, the company's consent solicitation relating
to its 9 1/4% Senior Notes due 2007 and 10 1/4% Senior Discount Notes due 2007
expired at 5:00 p.m., New York City time. At the time of expiration, the company
had not received the requisite consents necessary to amend the Indentures
governing the notes. As a result, the proposed amendments to the Indentures will
not be adopted and the company will not make any consent payments.


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