The Christian Broadcasting Network founded by Pat Robertson has submitted a bid to buy the PTL Network's cable operation, CBN spokeswoman Frankie Abourjilie said Thursday.
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She said the PTL cable network reaches 7 million homes, compared to 47 million reached by CBN. The bid is only for the cable network, which includes satellites and cameras, Ms. Abourjilie said.PTL filed for bankruptcy in June 1987, three months after founder Jim Bakker resigned as head of the the ministry amid a sex and money scandal. On Tuesday Bakker began serving a 45-year prison sentence for defrauding members of the defunct PTL Club and television ministry of $3.7 million.