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Crown Media Jumps Nearly 20%, Extreme Networks Gains 7%: Telecom Winners & Losers

NEW YORK (TheStreet) -- Shares of Crown Media Holdings (CRWN - Get Report) soared by 19.7% Monday, closing at $5.35. The company, based in Studio City, Calif., owns and distributes pay television networks in the U.S. It operates the Hallmark Channel and Hallmark Movies and Mysteries networks, according to Yahoo! Finance. Crown Media distributes the Hallmark Channel to about 85 million subscribers, the website said.

Crown Media recently reported net income of $20 million on total revenue of $113 million for the second...