Thinking Out Loud

December 9, 2009

Robert Schuller Quadruples Broadcast Reach in Network Acquisitions

Tuesday, the Dallas Morning News reported the following deal with between Robert A. Schuller’s company and the network owned by Charles Stanley’s In Touch Ministries:

A Dallas private equity firm co-founded by Robert A. Schuller, the former televangelist from the Hour of Power, has acquired two media companies in Atlanta that nearly quadruple its reach to 50 million U.S. households.

ComStar Media said Monday that it’s buying FamilyNet Television and FamilyNet Radio for an undisclosed amount.

“It’s a pretty big leap,” said ComStar co-founder and chief executive Chris Wyatt, who is Schuller’s son-in-law. “No one knows who we are in Dallas, and we run two major television networks.”

Wyatt hopes to change that.

He projects that ComStar’s $5 million in revenue will at least double next year.

Wyatt and Schuller, who is chairman of ComStar, started the company late last year to buy distressed faith-based media companies. Its first fund has a target of $10 million, but the next fund will shoot for $50 million, Wyatt said.

In May, ComStar made its first acquisition, AmericanLife Television Network, which reaches 13 million households…  […continue reading here]

To learn more about Schuller’s new program, Everyday Life,  and American Life Network, click here.

Photo:  Scene from Everyday Life, ALN Network

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