(File photo), The ornate locked entryway into the Trinity Broadcasting Network headcquarters in Costa Mesa. If you see comments that you find offensive, please use the “Flag as Inappropriate” feature by hovering over the right side of the post, and pulling down on the arrow that appears. GET BREAKING NEWS IN YOUR BROWSER. Marilyn Kalfus is an editor on the Crime and Public Safety team at the Orange County Register and the Southern California News Group. "I do not tolerate misconduct and it is handled swiftly in my organization," founder and CEO Kevin Adell said in the release. The network also recently acquired a large production facility near Chicago. The property originally was an office building, Noble said, and will be redeveloped and reverted to that use. Daniels said Trinity is not experiencing financial difficulties. TBN owns 35 full-power television stations serving larger metropolitan areas in the United States; at its peak, the network also owned 252 low-power television stations, which are mixed among stations serving medium-sized cities and rural translator stations in order to maximize the network's reach as much as is permissible. We invite you to use our commenting platform to engage in insightful conversations about issues in our community. TBN Founder Paul Crouch – who said he heard God tell him to start a Christian TV network nearly 40 years ago – died in 2013. The organization, which bills itself as the largest Christian-based broadcast television network in the world, says the facility has become “obsolete” as the organization grows in different parts of the U.S. and the world. A representative for Greenlaw could not be reached for comment. (File photo), The late Jan and Paul Crouch, founders of the Trinity Broadcasting Network (Courtesy of TBN), Paul and Angela DeBruhl raise their arms in praise as they move to the music of Del Way at the grand opening ceremonies of Trinity Broadcast Network's Trinity Christian City International in Costa Mesa. But that doesn’t correlate to the sale price, said Chuck Noble, a principal of Lee & Associates. Through the years, family disputes had led to public feuds and lawsuits, and the empire wound up in the hands of the Crouches’ younger son Matthew. Sorry, your blog cannot share posts by email. But that nest egg shrank from a high of $857.9 million in 2009 to $755.8 million in 2014. Trinity Broadcasting's campus in Costa Mesa has been sold to Greenlaw Partners. TBN said it will retain its broadcasting facility in Tustin. The property and building has been acquired by EF Education First, a global education company focusing on language, academic, cultural exchange, and educational travel programs. Post was not sent - check your email addresses! (File photo). This past Christmas season, however, the lights were dim; the facility was already in negotiations, according to Nate Daniels, TBN marketing director. Former home of Paul Crouch, Trinity Broadcasting Network founder, on market for $4.6 million Deeply ashamed and embarrassed, she told her relatives after returning to California. Have you seen the traffic signals with a yellow border? In 2016, a Register review of its tax filings showed Trinity’s revenue took a precipitous dive, from $207 million in 2006 to $121.5 million in 2014. Daniels said TBN has been investing in studios and network infrastructure around the globe, including London, Jerusalem, and Madrid. TBN now runs on 84 satellite channels and more than 18,000 television and cable affiliates, according to the company. LOS ANGELES (September 8, 2015) — Matthew W. Crouch has been named Chairman of the Board of the Trinity Broadcasting Family of Networks (TBN), the world's largest Christian television network. TBN now owns 23 full-power stations around the country. His wife and co-founder, Jan Crouch, died in May 2016. TBN bought the building in 1996 for $6 million, according to CoStar records. The company spent millions more than it took in for six straight years, according to the story. Selling the property will “provide the network with new options that are targeted at millennials as well as a diverse and changing culture,” TBN Chairman Matthew Crouch said in a statement. Although we do not pre-screen comments, we reserve the right at all times to remove any information or materials that are unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane, indecent or otherwise objectionable to us, and to disclose any information necessary to satisfy the law, regulation, or government request. CLICK HERE TO TURN ON NOTIFICATIONS. “It was significantly less than that assessed number,” said Noble, who along with principals Dave Hunsaker and Craig DeMiranda of Lee & Associates represented both sides of the deal. The network sold the 6.19-acre Costa Mesa campus to Greenlaw Partners, the commercial property developer that revamped the Triangle Square mall. Contact the writer: mkalfus@ocregister.com. 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