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RHI Files for IPO

RHI Entertainment Inc., a New York-based producer of made-for-TV movies and other television programming, has filed for a $250 million IPO. It plans to trade on the Nasdaq under ticker symbol RHIE, with JPMorgan and Banc of America securities serving as co-lead underwriters. RHI was previously known as Hallmark Entertainment, before being acquired and renamed by Kelso & Co. and members of company management in January 2006. Later that year, RHI acquired the domestic rights to Crown Media's film library, which Crown had originally bought from Hallmark Entertainment six years earlier.