THE VIRGINIAN-PILOT
Copyright (c) 1995, Landmark Communications, Inc.
DATE: Tuesday, November 21, 1995 TAG: 9511210274
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
TYPE: Daily Digest
SOURCE: (Staff)
LENGTH: Short : 22 lines
International Family Entertainment Inc., Virginia Beach-based parent of The Family Channel, on Monday declared a 5-for-4 split of its Class A and Class B common stock. IFE said the split will be paid in the form of a 25 percent stock dividend, distributed Jan. 5 to shareholders of record Dec. 15. IFE said it hopes the increased number of shares will increase trading activity and the liquidity of its stock. IFE has 4 million shares of Class A stock, owned or controlled by Pat Robertson and Tim Robertson, chairman and president, respectively. The company has another 28.3 million shares of Class B stock. by CNB