LodgeNet Entertainment Acquires Rival On Command For $380 Million

LodgeNet Entertainment, which provides interactive television and broadband access to hotels and hospitals, is acquiring rival On Command from Liberty Media for 2.05 million shares of LodgeNet and $332 million in cash. LodgeNet expects the purchase to close mid-2007. Liberty will own nearly 10 percent of LodgeNet’s stock. Release.
On Command provides interactive media services to about 830,000 hotel rooms across the U.S.It also owns 80 percent of The Hotel Networks, which distributes ad-supported television programming by satellite to 300,000 hotel rooms.

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