Navigation Links
LodgeNet Interactive to Report Third Quarter Results on October 28th
Date:10/21/2008

Company Also Announces It Reduced Debt by $6.1 Million in the Third Quarter

SIOUX FALLS, S.D., Oct. 21 /PRNewswire-FirstCall/ -- LodgeNet Interactive Corporation (Nasdaq: LNET), the leading provider of media and connectivity solutions to hospitality and healthcare businesses, today announced that it will report its Third Quarter 2008 results after market on Tuesday, October 28, 2008.

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

"In these challenging times, we continue to proactively manage our operating and capital investment plans to balance the cash being generated by our company with the goal of reducing our debt," said Scott C. Petersen, Chairman and CEO of LodgeNet Interactive. "Our business model provides significant flexibilities to respond to changes in the market. We significantly reduced operating expenses in the third quarter of 2008 and plan to reduce operating expenses to a greater degree in the fourth quarter. As previously announced, we also reduced our capital investment levels during the third quarter by approximately 20 percent over those existing in the prior two quarters. We are implementing further reductions in our capital investment program for the fourth quarter, targeting between $13 and $14 million of capital investment. Our organization is clearly focused on meeting our financial covenants and managing our capital structure," concluded Petersen.

"We continued to pay down our debt on an accelerated basis during the quarter," said LodgeNet CFO Gary H. Ritondaro. "Our Credit Facility, which matures in April 2013, has an interest rate of 200 basis points over LIBOR. Additionally, because the Company previously entered into multi-year interest rate swap agreements, none of which expire until 2010, the interest rate on approximately 88 percent of the Credit Facility is fixed, and the effective interest rate on the entire Credit Facility during the third quarter of 2008 was approximately 6.7 percent."

LodgeNet Interactive Corporation will release its third quarter financial results after market on Tuesday, October 28, 2008. The company will also host a teleconference to discuss its results October 28, 2008 at 5:00 P.M. Eastern Time. To access the teleconference, please dial 888-546-9658 and use conference code 68876375. A live webcast of the teleconference will be available via InterCall and can be accessed via LodgeNet's company website at http://www.lodgenet.com. The webcast will be archived on the LodgeNet homepage for one month. If you cannot listen to the teleconference at its normal time, there will also be a replay available for one week following the call, and can be accessed by dialing 800-642-1687 or 706-645-9291, passcode 68876375.


'/>"/>
SOURCE LodgeNet Interactive Corporation
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. LodgeNet Healthcare Signs New Agreement with NorthShore University HealthSystem
2. LodgeNet Healthcare Expands Into Hawaii Through Agreement With St. Francis Hospice
3. LodgeNet Appoints John E. Haire, Former Time Warner Executive, to Board of Directors
4. LodgeNet Interactive to Present at The B. Riley Investor Conference
5. Interactive Patient Television Drives Patient Satisfaction, LodgeNet Healthcare Study Shows
6. LodgeNet Interactive Corporation 2007 Earnings Release and Teleconference Announcement
7. LodgeNet Presents at UBS 35th Annual Media Week Conference
8. LodgeNet Deploys Customized Kid Friendly Solution With Childrens Hospital of Pittsburgh of UPMC
9. LodgeNet to Present at CL King Best Ideas Conference
10. Majesco Entertainment and Interactive Game Group Announce Jillian Michaels Fitness Ultimatum 2009 Ships to Stores October 21st
11. LearnCDHC Bridges Education Gap on Consumer Directed Healthcare : Interactive Web resource engages and educates consumers about consumer-directed healthcare
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... 2017 , ... As health professionals work to improve their approach to healthcare, ... doing more than filling out a survey; in many cases health professionals and patients ... health care and research on the importance of active engagement with patients and members ...
(Date:10/13/2017)... ... October 13, 2017 , ... The ... to promote standards of excellence for the field of eating disorders, announces the ... – 25, 2018 in Orlando, Florida at the Omni Resort at ChampionsGate. ...
(Date:10/13/2017)... ... ... Lori R. Somekh, founder of the Law Office of Somekh & Associates ... special needs planning attorneys. “Membership in ElderCounsel helps our office remain up to date ... elder law attorneys nationwide,” said Somekh. , ElderCounsel was founded by ...
(Date:10/13/2017)... ... October 13, 2017 , ... The Visiting Nurse Association (VNA) of Somerset Hills ... specialty vendors and unique items from across the nation, this holiday-themed event will raise ... offered by the VNA. The boutique will be open Saturday, November 4 (10:00 ...
(Date:10/13/2017)... ... October 13, 2017 , ... Yisrayl Hawkins, Pastor and Overseer ... one of the most popular and least understood books in the Holy Scriptures, Revelation. ... descriptions that have baffled scholars for centuries. Many have tossed it off as mere ...
Breaking Medicine News(10 mins):
(Date:9/25/2017)... 25, 2017   Montrium , an industry ... today—from the IQPC Trial Master Files & Inspection ... that EastHORN Clinical Services has selected eTMF ... TMF management. EastHORN, a leading European contract research ... increase transparency to enable greater collaboration with sponsors, ...
(Date:9/19/2017)... , Sept. 19, 2017 HistoSonics, Inc., a venture-backed medical device company developing ... of targeted tissues, announced three leadership team developments today:   ... ... ... Veteran medical device executive Josh Stopek ...
(Date:9/12/2017)... and NEW YORK , Sept. 12, 2017 ... performance ratings for global supply chains, has published the first annual edition ... CSR performance of more than 20,400 companies evaluated by EcoVadis, based on ... 2015 and 2016. ... EcoVadis Global CSR Risk & Performance Index ...
Breaking Medicine Technology: