Christian Broadcasting Network said Friday it is bidding for the former PTL cable network of televangelist Jim Bakker, who was sentenced this week to 45 years in prison for using his television empire to fraudulently raise million of dollars.
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CBN, founded by former Republican presidential candidate Pat Robertson, does not intend to use the cable network to set up broadcast operations outside of Virginia, a spokeswoman said.The PTL cable delivery system, worth an estimated $10 million, includes satellite dishes and cameras.