THE VIRGINIAN-PILOT
Copyright (c) 1995, Landmark Communications, Inc.
DATE: Wednesday, May 10, 1995 TAG: 9505100579
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
TYPE: Daily Digest
LENGTH: Short : 21 lines
Pat Robertson's Christian Broadcasting Network Inc. cut its stake in International Family Entertainment Inc. to 22.9 percent of the company's outstanding Class B shares. CBN sold 280,000 shares April 11 for $15.25 to $15.38 each and may sell 300,000 more soon, according to documents filed with the Securities and Exchange Commission. CBN holds 6.48 million shares in the Virginia Beach-based radio and television broadcasting firm founded by Pat Robertson. (Bloomberg Business News) by CNB