Thursday, November 22, 2012
Outdoor Channel to merge with InterMedia Outdoors
from: http://www.marketwatch.com/story/outdoor-channel-to-merge-with-intermedia-outdoors-2012-11-16 or http://www.ammoland.com/2012/11/16/outdoor-channel-sportsman-channel-intermedia-to-merge/#axzz2CxPdhlD9
Outdoor Channel Holdings, Inc. (OUTD) today announced that its board of directors unanimously approved a definitive merger agreement with InterMedia Outdoors Holdings, LLC (“IMOH LLC”) which in turn controls The Sportsman Channel, a national cable television network for outdoor enthusiasts, and InterMedia Outdoors, Inc., a multi-media company that publishes 15 market leading outdoor magazines, 20 leading websites and is a leading television producer in the category.
IMOH LLC is controlled by InterMedia Partners VII, L.P., a private equity investment fund.
After the expected closing occurs in the first quarter, Outdoor Channel President and Chief Executive Tom Hornish will be CEO of the new company and Tom Allen will continue as chief financial officer and chief operating officer.
Sportsman Channel CEO Gavin Harvey will become president of television networks and InterMedia Outdoors CEO Jeff Paro will be president of publishing, integrated media and branded content.
Read more at Ammoland.com: http://www.ammoland.com/2012/11/16/outdoor-channel-sportsman-channel-intermedia-to-merge/#ixzz2CxV4c0ld