Kern: InterMedia ‘Loaded for Bear'
Despite losing Outdoor Channel, opportunities abound to grow outdoor category
By Mike Farrell, Multichannel News -- Broadcasting & Cable, 3/13/2013 12:57:11 PM
Outdoor Channel earlier Wednesday said it has agreed to a definitive merger agreement with Kroenke Sports & Entertainment in an all-cash deal worth about $227 million. That agreement trumped an earlier $208 million cash and stock deal with InterMedia Partners.
KSE made its unsolicited offer on Feb. 27 and on March 8 determined that it was superior to the InterMedia deal. Outdoor gave InterMedia, parent of the rival Sportsman Channel, four business days (until March 12) to put forth a superior proposal to the KSE deal.
Click here to read the full story at Multichannel News.
No related content found.
Most Popular Pages
No Top Articles