LodgeNet Acquires OnCommand

News release from LodgeNet:

LODGENET COMPLETES ACQUISITION OF ON COMMAND
Expands Market-Leading Content and Technology Network for Lodging Industry Grows Capability to Deliver New Interactive Experiences for Customers and Their Guests

SIOUX FALLS, S.D., April 4, 2007 – LodgeNet Entertainment Corporation (Nasdaq: LNET), a world leader in interactive TV and broadband solutions to hotels and healthcare facilities, today announced that it has completed the acquisition of Ascent Entertainment Group, Inc., the owner of all of the capital stock of On Command Corporation, for a purchase price of $380 million. The combination of LodgeNet and On Command creates a network that delivers interactive solutions to more than 1.8 million hotel rooms throughout the United States, Canada and Mexico.
“A great interactive experience is a key differentiator for hotel guests,” said Scott C. Petersen, LodgeNet President and CEO. “Over the past several years we have grown from a company that primarily focused on video on demand to a company that delivers a wide variety of interactive solutions that connect, inform and entertain customers of visitor and guest-based businesses. The On Command and recent StayOnline acquisitions are transforming events for our company and major steps forward in our strategic plan that will significantly enhance our ability to serve our customers and their guests now and in the future.”

See http://www.oncommand.com/press/LNET%20Completes%20ONCO%20Acquisition%204.4.07_letterhead.pdf

LodgeNet Acquires OnCommand

News release from LodgeNet:

LODGENET COMPLETES ACQUISITION OF ON COMMAND
Expands Market-Leading Content and Technology Network for Lodging Industry
Grows Capability to Deliver New Interactive Experiences for Customers and Their Guests

SIOUX FALLS, S.D., April 4, 2007 – LodgeNet Entertainment Corporation (Nasdaq: LNET), a world leader in interactive TV and broadband solutions to hotels and healthcare facilities, today announced that it has completed the acquisition of Ascent Entertainment Group, Inc., the owner of all of the capital stock of On Command Corporation, for a purchase price of $380 million. The combination of LodgeNet and On Command creates a network that delivers interactive solutions to more than 1.8 million hotel rooms throughout the United States, Canada and Mexico.
“A great interactive experience is a key differentiator for hotel guests,” said Scott C. Petersen, LodgeNet President and CEO. “Over the past several years we have grown from a company that primarily focused on video on demand to a company that delivers a wide variety of interactive solutions that connect, inform and entertain customers of visitor and guest-based businesses. The On Command and recent StayOnline acquisitions are transforming events for our company and major steps forward in our strategic plan that will significantly enhance our ability to serve our customers and their guests now and in the future.”

See http://www.oncommand.com/press/LNET%20Completes%20ONCO%20Acquisition%204.4.07_letterhead.pdf

Hotel Video Porn Grabs Up to 80% of Room Revenues

From FoxNews.com, http://www.foxnews.com/story/0,2933,209834,00.html, accessed September 2, 2007:

Precise statistics on in-room adult entertainment are hard to come by. By some estimates, adult movies are available in roughly 40 percent of the nation's hotels, representing more than 1.5 million rooms. Industry analysts suggest that these adult offerings generate 60 to 80 percent of total in-room entertainment revenue — several hundred million dollars a year.