Outdoor Channel Determines That Kroenke Proposal Is A Superior Proposal
The Outdoor Channel board cautions that there can be no assurance that the KSE proposal will lead to the termination of the InterMedia Agreement and the execution of a merger agreement with KSE, or that the KSE proposal will be approved or consummated.
Lazard is serving as exclusive financial advisor to the Company in connection with the transaction. Wilson Sonsini Goodrich & Rosati, P.C. is legal advisor to the Company.
About Outdoor Channel Holdings, Inc.
Outdoor Channel Holdings, Inc. owns and operates Outdoor Channel and Winnercomm Inc. Nielsen estimated that Outdoor Channel had approximately 39.1 million cable, satellite and telco subscribers for March 2013. Outdoor Channel offers programming that captures the excitement of hunting, fishing, shooting, adventure and the Western lifestyle and can be viewed on multiple platforms including high definition, video-on-demand, as well as on a dynamic broadband website. Winnercomm is one of America's leading and highest quality producers of live sporting events and sports series for cable and broadcast television. The Company also owns and operates the SkyCam and CableCam aerial camera systems which provide dramatic overhead camera angles for major sports events, including college and NFL football.
CONTACT: For Company: Tom Allen Executive Vice President, Chief Operating Officer/ Chief Financial Officer 800-770-5750 firstname.lastname@example.org For Investors: Chris Plunkett Brainerd Communicators, Inc. 212-986-6667 email@example.com For Media: Nancy Zakhary Brainerd Communicators, Inc. 212-986-6667 firstname.lastname@example.org
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