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:11/16/2019)... ... 15, 2019 , ... As demand for legal medical marijuana ... well-managed dispensaries becomes more and more important, both for consumers and as part ... online, custom cannabis business plans is now increasing its support for marijuana dispensary ...
(Date:11/15/2019)... MIAMI (PRWEB) , ... November 15, 2019 , ... ... Anxiety and Depression Association of America (ADAA) puts the current figures ... any form of treatment. Such mental health issues manifest in many different ways, ...
(Date:11/15/2019)... (PRWEB) , ... November 15, 2019 , ... ... and co-builds next-generation cybersecurity and data science companies with nation-state experienced technical teams ... of its second-annual DataTribe Challenge is Code Dx Inc ., based in ...
(Date:11/14/2019)... ... ... Inland Detox, Inc. is proud of and grateful for its Chef, Arturo Banuelos, ... Mexico. The Chefs Latinos Guanajuato Festival Gastronomico was held at La Hacienda San Cristobal ... November 9, 2019. The event featured a total of 18 renowned Chef’s from Latin ...
(Date:11/14/2019)... ... 14, 2019 , ... In a first of its kind ... have performed a pioneering coronary intervention with an Impella heart assist device ... The new procedure offers surgeons another option to help save the lives of ...
Breaking Medicine News(10 mins):
(Date:11/19/2019)... ... November 19, 2019 , ... Liquid nutrients have reigned supreme ... space have been transitioning to powdered nutrients because of the cost-effectiveness and ease of ... difficulty in combining essential macro and micronutrients, most nutrient companies package them separately, forcing ...
(Date:11/19/2019)... ... 18, 2019 , ... San Antonio-based businesses, Rodkeys and Massage ... sales through a new partnership announced today. This collaboration has the potential to ... A selection of Rodkeys branded non-THC CBD products are now available at more ...
(Date:11/19/2019)... ... 2019 , ... Respected Hollywood actor and film director, Laurence ... Laurence Fishburne. The program’s central focus is to inform the general public about ... be aired on the show, a new segment covering TMJD (Temporomandibular Disorder) and ...
Breaking Medicine Technology: