Rising advertising revenue boosted results for Crown Media Holdings Inc. in the first quarter, the company reported Thursday. The Studio City owner of the Hallmark Channel and the Hallmark Movie Channel reported net income of $14.5 million (4 cents a share) for the quarter ended March 31, compared with $12.3 million (3 cents) in the same period a year earlier. Revenue increased 2 percent to $85.6 million. Advertising, which accounts for most of Crown Media’s revenue, rose 2 percent to $64.2 million. The network said it is continuing investment in original programming for both channels. The primetime scripted series “Cedar Cove” will premier July 27, while “When Calls the Heart,” will premier Oct. 5. Both are based on best-selling books. It also has green lit a pilot for one additional scripted series, is in development on another pilot and is making its first original Christmas movie. “With these and other exciting developments on the horizon, we are further reinforcing Crown Media’s unique value in the marketplace and have laid a foundation that will continue to pay off well into the future,” said Crown Media Chief Executive Bill Abbott in a prepared release. Shares gained 2 cents, or about 1 percent, to close at $2.04 on the Nasdaq.