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In 1977, CBN started the nation's first basic TV cable network with satellite transmissions of religious and syndicated family TV shows. By 1981, CBN Cable reached nearly 10 million homes. Renamed the CBN Family Channel in 1988, the commercial cable operation continued to prosper and was sold in 1990 to International Family Entertainment Inc. (IFE), a publicly held company that trades on the New York Stock Exchange. IFE was sold in 1997 to Fox Kids Worldwide, Inc.. Disney acquired the Fox Family Channel and it was named ABC Family on November 10, 2001 and renamed Freeform in January of 2016.
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