LodgeNet Receives Delisting Notice From NASDAQ

                LodgeNet Receives Delisting Notice From NASDAQ

PR Newswire

SIOUX FALLS, S.D., Jan. 8, 2013

SIOUX FALLS, S.D., Jan. 8, 2013 /PRNewswire/ -- LodgeNet Interactive
Corporation (NASDAQ: LNET) ("LodgeNet" or the "Company") today announced that
on January 3, 2013 the Company received a Staff Determination Letter from the
Listing Qualifications Department of The NASDAQ Stock Market (the "Staff"),
notifying the Company that the Company's securities will be subject to
delisting from The NASDAQ Stock Market. Trading of the Company's common stock
will be suspended at the opening of business on January 14, 2013, and a Form
25-NSE will be filed with the U.S. Securities and Exchange Commission to
remove the Company's common stock from listing and registration on The NASDAQ
Stock Market. The Company does not intend to request an appeal of the
decision to delist its common stock.

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

On December 31, 2012, the Company disclosed that it has entered into a $60
million investment agreement with Colony Capital, LLC and its affiliate, and
certain other investors, to effect a recapitalization of the Company that will
be implemented through an expedited Chapter 11 bankruptcy process (the
"Planned Bankruptcy Filing"). Pursuant to the Planned Bankruptcy Filing, as
previously disclosed, holders of the Company's outstanding shares of common
stock and Series B Preferred Stock will have their shares cancelled without
receiving any distribution.

The Staff's determination to delist the Company's securities from The NASDAQ
Stock Market, in accordance with the Staff's authority under Listing Rules
5101 and IM-5101-1, was based on the Planned Bankruptcy Filing and associated
public interest concerns raised by it. The Staff's letter also cited concerns
regarding the residual equity interest of the existing listed securities
holders, as well as concerns about the Company's ability to sustain compliance
with all requirements for continued listing on The NASDAQ Stock Market, as
reasons for the delisting determination.

As previously disclosed, on August 31, 2012, the Staff notified the Company
that the bid price of its common stock had closed below $1 per share for 30
consecutive trading days, and accordingly, that the Company did not comply
with Listing Rule 5450(a)(1). Also, as previously disclosed, on September 21,
2012, the Staff notified the Company that for 30 consecutive days prior
thereto it no longer met the market value of publicly held shares requirement
of $15 million as required by Listing Rule 5450(b)(3)(C). The Company has not
regained compliance with either rule.

About LodgeNet

LodgeNet Interactive 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 1.5 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 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 rights reserved.

Special Note Regarding Forward-Looking Statements –
Certain statements in this press release constitute "forward-looking
statements," including, without limitation, statements regarding the Company's
investment agreement with Colony Capital LLC, its affiliate, and certain other
investors, and the Company's proposed recapitalization and Planned Bankruptcy

Such forward-looking statements are subject to risks, uncertainties and other
factors that could cause the actual results, performance or achievements to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such factors include,
among others, the Company's ability to comply with the terms of the
investment agreement, including the conditions to closing, which require,
among other things, that the Company maintain a certain minimum amount of
liquidity, maintain certain material contracts, and obtain the Bankruptcy
Court's approval of its Chapter 11 plan of reorganization; the Company's
ability to obtain Bankruptcy Court approval with respect to its motions in the
Chapter 11 proceedings; risks associated with third party motions in the
Chapter 11 proceedings, which may interfere with the Company's ability to
consummate its plan of reorganization; the potential adverse effects of the
Chapter 11 proceedings on the Company's business, customer relationships,
liquidity or results of operations; and other factors detailed, from time to
time, in our filings with the Securities and Exchange Commission. For any of
the foregoing reasons, our anticipated results may not meet our expectations.
These forward-looking statements speak only as of the date of this press
release. We expressly disclaim any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statements contained
herein to reflect any change in our expectations with regard thereto or any
change in events, conditions or circumstances on which any such statement is

SOURCE LodgeNet Interactive Corporation

Website: http://www.lodgenet.com
Contact: Ann Parker, Director, Investor Relations, +1-605-988-1000,
ann.parker@lodgenet.com; Mike Smargiassi, Brainerd Communicators,
+1-212-739-6729, smarg@braincomm.com
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