Outdoor Channel Holdings News

Stan Kroenke's Kroenke Sports & Entertainment LLC announced Friday that it has completed its acquisition of Outdoor Channel Holdings Inc.

Outdoor Channel Holdings has nearly settled a suit that looked to block its acquisition by Kroenke Sports & Entertainment before the price was increased 17%. The suit alleged KSE's deal to buy the company at $8.75 a share marked a breach of fiduciary responsibility by the Outdoor Channel board.

Consolidated revenues for the quarter were $16.9 million, an 18% increase compared with $14.3 million in the first quarter of 2012, driven primarily by a 20% growth in advertising revenues at The Outdoor Channel .

Outdoor Channel Holdings Inc., the Temecula-based owner of a cable channel with hunting and fishing programs, said its board has accepted an increased buyout offer from billionaire Stan Kroenke's Kroenke Sports & Entertainment LLC.

The Deal : Foot Locker announced Wednesday that it has agree to purchase German retailer Runners Point Warenhandelsges for approximately $94 million.

Outdoor Channel Holdings, Inc. today announced that it entered into a second amendment to its merger agreement dated March 13, 2013 with Kroenke Sports & Entertainment, LLC , which was previously amended on May 2, 2013.

Outdoor Channel Holdings Inc. adjourned its annual shareholder meeting Wednesday without conducting any business in order to allow Stan Kroenke's Kroenke Sports & Entertainment LLC time to counter a bid made by InterMedia Partners.

Outdoor Channel Holdings, Inc. today announced that its board of directors, after consultation with the Company's outside legal counsel and financial advisor, unanimously determined that the May 3, 2013 proposal submitted by InterMedia Outdoors Holdings, LLC and IMTOC Merger Sub, Inc.

Outdoor Channel shareholders continue to benefit from a battle between sports entrepreneur Stan Kroenke and a private-equity firm that owns the Sportsman Channel.

Outdoor Channel Holdings, Inc. today announced that it entered into an amendment to its merger agreement dated March 13, 2013 with Kroenke Sports & Entertainment, LLC .

In trading on Wednesday, television & radio shares were relative leaders, up on the day by about 0.3%. Leading the group were shares of Outdoor Channel Holdings , up about 7.3% and shares of Sinclair Broadcast Group up about 3.1% on the day.

On April 30, 2013, InterMedia Partners VII, L.P. and InterMedia Outdoors Holdings, LLC delivered a written proposal to Outdoor Channel Holdings , proposing to acquire, on the terms and conditions set forth in the proposal, all of the outstanding shares of common stock of Outdoor Channel, at a price of $9.15 per share in cash .