(The following press release from Intermedia was received by e-mail. The
sender verified the statement.)
InterMedia Outdoors Holdings, LLC Delivers All Cash $9.75 Per Share
Offer to Outdoor Channel Holdings, Inc.
Definitive Offer to Acquire 100% of Outstanding Common Stock of Outdoor Channel
at $9.75 per Share
NEW YORK — On May 3, 2013, InterMedia Outdoors Holdings, LLC (“InterMedia”)
delivered a definitive binding offer to Outdoor Channel Holdings, Inc.
(“Outdoor Channel”) (Nasdaq: OUTD), to acquire, on the terms and conditions set
forth in the offer, all of the outstanding shares of common stock of Outdoor
Channel, at a price of $9.75 per share in cash (representing a superior
proposal to Outdoor Channel’s pending transaction with Kroenke Sports &
Entertainment, LLC). InterMedia’s offer will remain open until 5:00 p.m.
Pacific time on May 10, 2013.
About InterMedia Outdoors Holdings, LLC
InterMedia Outdoors Holdings, LLC is a portfolio company of InterMedia Partners
VII, L.P. and the parent company of InterMedia Outdoors, Inc. and The Sportsman
Channel, Inc. InterMedia Outdoors, Inc. is a multimedia company serving
outdoors enthusiasts in the United States, with the largest network of websites
dedicated to the hunting, shooting and fishing category; a portfolio of 15
market-leading enthusiast magazines including Guns & Ammo, Petersen’s Hunting
and InFisherman; a television production business producing original branded
hunting, shooting and fishing themed programming including category-leading
shows North American Whitetail, Guns & Ammo TV and InFisherman TV, with over
220 episodes produced annually in high definition; and a content library in
excess of 16,000 hours of video content.
The Sportsman Channel, Inc. is a national television network fully devoted to
the more than 82 million sportsmen and outdoor enthusiasts throughout the
United States, delivering programming focused exclusively on hunting, shooting
and fishing themed programming. The Sportsman Channel is available in both high
definition and standard definition. Nielsen estimated that The Sportsman
Channel had approximately 30.1 million cable, satellite and telco subscribers
for November 2012.
Alex Howe, (212) 260 8813
Amy Sorrells, (404) 550-4885
Vice President, Communications
Global Strategy Group
895 Broadway, 5th Floor
New York, NY 10003
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