InterMedia Outdoors Holdings, LLC Delivers All Cash $9.75 Per Share Offer to Outdoor Channel Holdings, Inc.

 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

PR Newswire

NEW YORK, May 3, 2013

NEW YORK, May 3, 2013 /PRNewswire/ --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.

SOURCE InterMedia Outdoors Holdings, LLC

Contact: Alex Howe, (212) 260 8813, ahowe@globalstrategygroup.com, or Amy
Sorrells, (404) 550-4885, amyssorrells@comcast.net
 
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