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LodgeNet Announces Board And Management Changes

Stocks in this article: LNET

LodgeNet also announced today the appointment of Thomas N. Matlack, CFA, as an independent Director of the Company.  Mr. Matlack is a private investor who has led several venture investments in the areas of media and technology, including Art Technology Group, The Ladders, and Telephia.  Matlack was previously the founder and Managing Partner of Megunticook Management, a venture capital firm that started more than 30 companies. Prior to Megunticook, Matlack was Chief Financial Officer of The Providence Journal Company.  Matlack currently sits on the boards of Game Empire Enterprises, Good Men Media, and Seismic Games. He is a graduate of Wesleyan University (BA) and Yale University (MBA).

"We are very pleased to welcome Tom to the LodgeNet Board of Directors," said Mr. Bradbury.  "With an extensive background in technology and new media, we look forward to Tom's contributions."

The appointment of Mr. Matlack was the result of the process set forth in the agreement between the Company and Mast Capital Management, LLC, dated February 28, 2012, and filed with the Securities and Exchange Commission in a Form 8-K filed on February 29, 2012.   Mr. Spencer was also originally appointed to the LodgeNet Board of Directors in 2012 pursuant to this agreement.

About LodgeNet

LodgeNet Interactive Corporation is the leading provider of interactive media and connectivity services to hospitality and healthcare businesses and the consumers they serve. Recently named by Advertising Age as one of the Leading 100 US Media Companies, LodgeNet Interactive serves approximately 1.6 million hotel rooms worldwide in addition to healthcare facilities throughout the United States. The Company's services include: Interactive Television, Broadband and Advertising Media Solutions along with nationwide technical and professional support services. LodgeNet Interactive Corporation owns and operates businesses under the industry leading brands: LodgeNet, The Hotel Networks and LodgeNet Healthcare. LodgeNet Interactive is listed on NASDAQ and trades under the symbol LNET . For more information, please visit www.lodgenet.com

LodgeNet and the LodgeNet logo are registered trademarks of LodgeNet Interactive Corporation. All other trademarks are the property of their respective owners.

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