Latest in Outdoor Channel

After the months-long bidding war for Outdoor Channel, it’s surprising to see news about it that doesn’t include a few dollar signs: The victor in the contest, Kroenke Sports & Entertainment, says today that it tapped Jim Liberatore to become its new CEO, succeeding Tom Hornish who will stay through a transition…

The deal’s finally done, with Kroenke Sports & Entertainment paying $10.25 a share — about $265M — for the cable channel. “As a part of KSE, Outdoor Channel will be well positioned — competitively, strategically and financially — to meet the needs of its customers and business partners,” says KSE chief Jim Martin…

The bidding war for the cable channel is coming to a head with Kroenke Sports & Entertainment up to $10.25 a share — about $265M — moving ahead of InterMedia Outdoor Holdings’ $9.75. The new offer is higher than the stock’s closing price today of $10.14. No surprise that the Outdoor Channel board now recommends that…

The only surprise here it that it took the cable channel so long to make the decision. Investors were scheduled to meet tomorrow to vote on Kroenke Sports & Entertainment‘s $9.35-a-share acquisition offer — even though Outdoor Channel said yesterday that it now prefers InterMedia Outdoor Holdings’ $9.75 bid, worth…

The battle over the cable channel continues this morning after Outdoor Channel directors formally deemed InterMedia Outdoor Holdings’ $9.75 a share offer — worth about $252M — to be superior to the $9.35 bid they accepted last week from Kroenke Sports & Entertainment. Kroenke has until Thursday to offer even more…

The bidding war continues: InterMedia Outdoor Holdings, the owner of The Sportsman Channel, says this morning that it will pay $9.75 a share — about $252M — for the Outdoor Channel. That seems to trump the $9.35 price that Outdoor’s board said last night it accepted from Kroenke Sports & Entertainment, which is…

Real estate and sports mogul Stanley Kroenke just upped his offer to $9.35 a share — about $241.7M — from $8.75. That trumps InterMedia Partners’ surprise bid on Tuesday of $9.15. The cable channel says that it will incorporate the latest amount as an amendment to the deal it struck with Kroenke in March. It also…

Outdoor Channel shares are up 7.4% in post-market trading after InterMedia Partners, in a surprise move, offered $9.15 a share — about $236.5M — for the cable network. That tops the $8.75 a share bid from real estate and sports mogul Stanley Kroenke the board accepted in March. “We are confident that you, after…

TEMECULA, Calif., April 22, 2013 — Outdoor Channel, America’s Leader In Outdoor TV, today announced a multi-year distribution agreement with XFINITY TV from Comcast, making the network’s array of outdoor lifestyle entertainment accessible for multi-platform viewing by XFINITY TV customers across the U.S. Effective…

UPDATE, 2:00 PM: InterMedia Outdoor Holdings finally responded to Outdoor Channel’s decision this morning to scrap their merger plan. The company says it still believes that its cash and stock offer “is the superior choice for all Outdoor Channel shareholders” since it would give them a stake in “the significant…

The delay — to March 22 from March 13 — will give bankers and lawyers more time to get their licks in before shareholders vote on who will end up with Outdoor Channel. At this point it seems that InterMedia Outdoor Holdings will have to sweeten the $208M cash and stock deal it made with the cable network in November.…

The most riveting story at the Outdoor Channel is taking place indoors as execs there weigh competing acquisition proposals ahead of a planned March 13 shareholder vote. The stock is up 14.7% in mid-day trading after the company said today that Kroenke Sports & Entertainment’s $227M cash offer late last week “would…