This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Colony Capital And DIRECTV To Significantly Improve LodgeNet Service Via Unique Strategic Partnership

EL SEGUNDO and SANTA MONICA, Calif. and SIOUX FALLS, S.D., March 12, 2013 /PRNewswire/ -- With its acquisition by private equity firm Colony Capital ("Colony") scheduled to close in less than a month, LodgeNet Interactive Corporation ("LodgeNet") today announced an expanded strategic relationship with DIRECTV that will provide its hospitality and healthcare customers with upgraded products and services, as well as a unique financing program to facilitate upgrades to HDTV service at little or no out-of-pocket capital expense to its customers. Together with DIRECTV's unparalleled programming, marketing and technology capabilities and Colony's extensive hospitality experience and expertise, LodgeNet will materially enhance the value it offers its industry-leading network of over 1.4 million hotel and hospital rooms in the U.S. and Canada.

(Logo: http://photos.prnewswire.com/prnh/20080115/AQTU120LOGO)

The expanded relationship will take effect following Colony's acquisition of LodgeNet, expected to be completed in late March, subsequent to LodgeNet emerging from a pre-packaged restructuring process.

"As partners, LodgeNet and DIRECTV will combine their complementary resources to offer customers options not currently available in the hospitality and healthcare markets," said Richard Nanula, a Principal with Colony Capital. "These enhancements will help reestablish hospitality-based TV as the preeminent viewing experience, a distinction it held when the company first introduced pay-per-view and video-on-demand to the marketplace over 20 years ago."

Beyond the financing program, hotels and hospitals will be offered new a la carte programming options, including DIRECTV's exclusive NFL Sunday Ticket and other exclusive content, as well as other unique revenue-generating and connectivity options. The partners are also committed to work together to develop an industry leading open architecture technology platform that provides hotels with innovative tools and empowers a superior guest experience for today's technology-savvy travelers. 

LodgeNet customers will also soon notice a new user interface, more consistent with that offered by DIRECTV to its residential customers, as well as an expanded level of support provided by DIRECTV's nationwide operational infrastructure and customer support excellence, ranked as superior to cable for 11 years running by ACSI (American Customer Satisfaction Index).  

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,162.99 +121.45 0.67%
S&P 500 2,123.48 +19.28 0.92%
NASDAQ 5,106.5930 +73.8420 1.47%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs