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LodgeNet Interactive to Participate in UBS' 37th Annual Global Media and Communications Conference
Date:12/8/2009

SIOUX FALLS, S.D., Dec. 8 /PRNewswire-FirstCall/ -- LodgeNet Interactive Corporation (Nasdaq: LNET), the leading provider of media and connectivity solutions to hospitality and healthcare businesses, today announced that its Chairman and CEO Scott C. Petersen will participate in UBS' Global Media and Communications Conference on Wednesday, December 9, 2009, in New York, NY. Mr. Petersen will discuss the Company's strategy, its success in proactively managing its business during the evolving economic conditions of 2009, and progress on its strategic initiatives to diversify revenue and drive free cash flow. During the presentation, Mr. Petersen will also reaffirm the Company's fiscal guidance for the fourth quarter of 2009, which was originally provided on October 21, 2009.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080115/AQTU120LOGO)

Some highlights of LodgeNet's recent strategic achievements include:

  • Revenue Diversification: Revenue generated by sources other than guest entertainment purchases increased 15% during the first nine months of 2009 as compared to the same period in 2008 and now represents 40% of total revenue.
  • Proactive Management: Given the economic environment, LodgeNet reduced its operating expenses by 25% and its capital expenditures by 70% during the first nine months 2009. As a result of this management approach, the Company increased its cash flow by four fold during the first 9 months of 2009, from $9.9 million in 2008 to $46.3 million in 2009.
  • Debt Reduction: During the first nine months of 2009, LodgeNet reduced its debt by more than 15%, or $92 million.
  • Innovative Product Arrangements: LodgeNet
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SOURCE LodgeNet Interactive Corporation
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