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LodgeNet Presents at UBS 35th Annual Media Week Conference
Date:12/4/2007

Company Discusses Stock Repurchase Program and Revenue Diversification

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NEW YORK, Dec. 4 /PRNewswire-FirstCall/ -- LodgeNet Entertainment Corporation (Nasdaq: LNET) is scheduled to present today at the UBS 35th Annual Media Week conference in New York. Management plans to comment on today's announcement of a stock repurchase program that authorizes the purchase of up to $15 million in stock, the full amount currently permitted for such program under its senior credit facility.

(Logo: http://www.newscom.com/cgi-bin/prnh/20000310/LODGELOGO)

"Given the substantial level of cash we presently hold, the growing level of free cash flow we anticipate generating in 2008 and beyond, and the current price of our common stock, the Board concluded that it was the correct time to implement this program," said Scott C. Petersen, President and CEO of LodgeNet.

"We believe we are creating long-term shareholder value with the execution of our strategic plan, which this year has involved the purchase of On Command and StayOnline," continued Petersen. "The acquisitions of these two competitors have created a powerful platform for us to not only continue to grow our traditional business, but to also diversify our customer offerings and corporate revenues. In fact, revenue from our diversification initiatives was up over 300 percent in the third quarter and accounted for 10% of total revenue."

For the full year 2007, LodgeNet expects to report revenue in the range of $484.0 million to $490.0 million and Adjusted Operating Cash Flow* is expected to be in a range from $128.5 million
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SOURCE LodgeNet Entertainment Corporation
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