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