Jim Liberatore Named Outdoor Channel CEO

After the months-long bidding war for Outdoor Channel, it’s surprising to see news about it that doesn’t include a few dollar signs: The victor in the contest, Kroenke Sports & Entertainment, says today that it tapped … Read More »

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Kroenke Sports Completes Outdoor Channel Acquisition

The deal’s finally done, with Kroenke Sports & Entertainment paying $10.25 a share — about $265M — for the cable channel. “As a part of KSE, Outdoor Channel will be well positioned — competitively, strategically and financially — … Read More »

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Outdoor Channel Moves Back To Kroenke Camp After It Raises Offer

The bidding war for the cable channel is coming to a head with Kroenke Sports & Entertainment up to $10.25 a share — about $265M — moving ahead of InterMedia Outdoor Holdings’ $9.75. The new Read More »

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Outdoor Channel Cancels Shareholder Meeting To Vote On Takeover Plan

The only surprise here it that it took the cable channel so long to make the decision. Investors were scheduled to meet tomorrow to vote on Kroenke Sports & Entertainment‘s $9.35-a-share acquisition offer — even though Outdoor Read More »

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Outdoor Channel Switches Sides (Again) To Favor InterMedia Bid

By | Monday May 6, 2013 @ 6:57am PDT

The battle over the cable channel continues this morning after Outdoor Channel directors formally deemed InterMedia Outdoor Holdings’ $9.75 a share offer – worth about $252M — to be superior to the $9.35 bid they accepted last … Read More »

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Outdoor Channel Remains In Play As InterMedia Ups Offer

By | Friday May 3, 2013 @ 8:31am PDT

The bidding war continues: InterMedia Outdoor Holdings, the owner of The Sportsman Channel, says this morning that it will pay $9.75 a share — about $252M — for the Outdoor Channel. That seems to trump the $9.35 Read More »

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Outdoor Channel Accepts New Offer From Kroenke Sports & Entertainment

By | Thursday May 2, 2013 @ 3:47pm PDT

Real estate and sports mogul Stanley Kroenke just upped his offer to $9.35 a share — about $241.7M – from $8.75. That trumps InterMedia Partners’ surprise bid on Read More »

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Outdoor Channel Remains In Play After InterMedia Partners Ups Offer

By | Tuesday April 30, 2013 @ 4:35pm PDT

Outdoor Channel shares are up 7.4% in post-market trading after InterMedia Partners, in a surprise move, offered $9.15 a share – about $236.5M – for the cable network. That tops the $8.75 a share bid from real Read More »

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Comcast Adds Outdoor Channel To Its Streaming And VOD Line-Up

By | Monday April 22, 2013 @ 5:22am PDT

TEMECULA, Calif., April 22, 2013 — Outdoor Channel, America’s Leader In Outdoor TV, today announced a multi-year distribution agreement with XFINITY TV from Comcast, making the network’s array of outdoor lifestyle entertainment accessible for multi-platform viewing by XFINITY TV customers across the U.S.

Effective immediately, the agreement will broaden the Outdoor Channel viewing experience by offering its popular roster of programming on XFINITY On Demand, online at xfinity.com/tv and through the XFINITY TV Player app. The network’s shows capture the excitement of the great outdoors through the eyes of esteemed hunting, fishing and shooting talent, alongside world-renowned actors, musicians and athletes. Among the hit programs are: “Bottom Feeders,” “King of the Spring,” “Jack Link’s Major League Fishing,” “Buck Commander protected by Under Armour,” “Bone Collector” and “The Crush with Lee and Tiffany.”

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Outdoor Channel Switches Sides And Accepts Kroenke’s Takeover Offer

By | Wednesday March 13, 2013 @ 7:08am PDT

UPDATE, 2:00 PM: InterMedia Outdoor Holdings finally responded to Outdoor Channel’s decision this morning to scrap their merger plan. The company says it still believes that its cash and stock offer “is the superior choice for all Outdoor Channel shareholders” since it would give them a stake in “the significant combined future upside this combination provided.” But InterMedia won’t engage in a bidding war because “our first duty is to our investors and there are prices at which some deals stop making sense.” The owner of The Sportsman Channel and several guns and hunting oriented publications says it will continue to serve the “vibrant, passionate and growing audience who every day live the ‘sportsman’ lifestyle and who crave content across numerous outlets.”

PREVIOUS, 7:08 AM: The directors of Outdoor Channel know enough about math to see that $227M is more than $208M. So it’s no shock to learn this morning that they took the higher cash bid offered by Kroenke Sports & Entertainment, foregoing the lower cash and stock deal it made in in November with InterMedia Outdoor Holdings. The Kroenke offer provides “superior value for our stockholders,” Outdoor CEO Tom Hornish says. The decision rejects InterMedia’s claim that investors would be better off holding some stock; InterMedia also owns The Sportsman Channel and 15 magazines including Guns & Ammo and Petersen’s Hunting. Outdoor paid a $6.5M termination fee to InterMedia and cancelled the special shareholders’ meeting to vote on that deal, which was scheduled for March 22 after a postponement from March 13. Shareholders and regulators still must approve the Kroenke agreement, which Outdoor expects to close by mid-year. Kroenke’s victory apparently was sealed when Outdoor’s largest stockholders who collectively control 41% of the votes agreed to support the bid. Outdoor says, though, that their support is “subject to certain exceptions.” Read More »

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Outdoor Channel Postpones Shareholder Meeting While It Weighs Takeover Offers

By | Friday March 8, 2013 @ 12:32pm PST

The delay — to March 22 from March 13 — will give bankers and lawyers more time to get their licks in before shareholders vote on who will end up with Outdoor Channel. At this point it seems … Read More »

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Outdoor Channel Says New Acquisition Bid Could Top Existing Offer

By | Monday March 4, 2013 @ 8:46am PST

The most riveting story at the Outdoor Channel is taking place indoors as execs there weigh competing acquisition proposals ahead of a planned March 13 shareholder vote. The stock is up 14.7% in mid-day trading after the company said … Read More »

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Outdoor Channel Shares Soar After New Bidder Emerges

By | Friday March 1, 2013 @ 3:53pm PST

The stock is up 12.6% to $8.50 in post market trading after real estate and sports mogul Stanley Kroenke disclosed that he made a $227M offer, equal to $8.75 a share, for the cable channel company. That tops the $208M, … Read More »

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NRA Targets Cable Viewers, And Funds, With Its Own TV Shows: Report

By | Monday January 21, 2013 @ 8:35am PST

Hats off to Reuters’ Ron Grover for this eye-opening report: The gun lobby either produces or sponsors six cable shows on the Outdoor Channel and Sportsman Channel, which it uses to promote the NRA‘s views and raise cash, he says. For example, there’s Outdoor Channel’s Friends Of The NRA and American Rifleman, and Sportsman Channel’s Cam & Company, Guns And Gold, and 3-Gun Nation. Each of the channels reaches about 30M pay TV homes, a relatively small audience compared to, say, ESPN. But they reach the right people as far as the program producers and sponsors are concerned. The Sportsman Channel’s programming VP Graig Hale says that it charges premium rates on the shows because they appeal to hard-to-reach 25- to 54-year-old men. Grover observes that a recent half-hour episode of American Rifleman had about two dozen ads “including Crimson Trace laser sights, hunting gear discounter Cheaper Than Dirt and gun makers Smith & Wesson and Remington.” In some shows, including Cam & Company, the NRA is the heaviest advertiser — and ran its controversial recent spot criticizing President Obama for sending his kids to schools that have armed guards even though he doesn’t want to expand the presence of guns in other schools. Read More »

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Outdoor Channel Agrees To Sell Itself To Owner Of The Sportsman Channel

By | Friday November 16, 2012 @ 7:50am PST

The deal will consolidate two of the leading media companies serving hunters and others who enjoy life in the wild. InterMedia Outdoors — which owns The Sportsman Channel and 15 magazines including Guns & Ammo and Petersen’s Hunting — … Read More »

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