Navigation Links
LodgeNet Interactive to Report Third Quarter Results on October 28th

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.


"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 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:
(Date:11/26/2015)... (PRWEB) , ... November 26, 2015 , ... ... American Express Travel Representative. As a franchise owner, Somu now offers travelers, value ... cruise, destination wedding packages, private cruise sales, as well as, cabin upgrades and ...
(Date:11/26/2015)... (PRWEB) , ... November 26, 2015 , ... PRMA Plastic ... November 19, 2015, our surgeons performed their 6,000th free flap breast reconstruction surgery! , ... wake up every day excited to rebuild lives and it’s an honor to have ...
(Date:11/26/2015)... Karnataka (PRWEB) , ... November ... ... innovative online platform for mental health and wellness consultation, has collaborated with ... to holistically address their reader’s queries on topics on mental and emotional ...
(Date:11/25/2015)... ... November 25, 2015 , ... As ... Water For Empowerment ™ attracts volunteers together who want to combine talents and ... as key stakeholders in the process. The non-profit launched its first major fundraiser ...
(Date:11/25/2015)... ... November 25, 2015 , ... ... been recognized once again for its stellar workplace culture with the company’s Cincinnati ... , Medical Solutions’ Cincinnati office was named a finalist in Cincinnati Business ...
Breaking Medicine News(10 mins):
(Date:11/26/2015)... WILMINGTON, North Carolina , 26 november ... Laboratories, Inc. (AAIPharma/CML) kondigt de geplande investering ... de uitbreiding van de laboratoria en het ... . De uitbreiding zal resulteren in ... waarmee wordt voldaan aan de groeiende behoeften ...
(Date:11/26/2015)... -- Research and Markets ( ) has announced the ... to 2019 - Rise in Cardiac Disorders and Growing Awareness ... their offering. Boston scientific ... scientific and others. --> The market is ... Boston scientific and others. ...
(Date:11/26/2015)... 2015 ... the  "2016 Future Horizons and Growth ... Testing Market: Supplier Shares, Competitive Intelligence, ... --> ) has ... Future Horizons and Growth Strategies in ...
Breaking Medicine Technology: