Outdoor Channel Holdings Commences Review Of Strategic Options For Aerial Camera Business
TEMECULA, Calif., June 19, 2012 /PRNewswire via COMTEX/ --
Outdoor Channel Holdings, Inc. (NASDAQ: OUTD) today announced that it has formally commenced a review of its strategic options for its aerial camera business, including its CableCam and SkyCam units. The Company has engaged Noble Financial Capital Markets to assist it in exploring strategic alternatives for its aerial camera business.
The Company's CableCam and SkyCam units design, manufacture and operate suspended mobile aerial camera systems. These cameras capture broadcast quality aerial views of various sporting and entertainment events. The cameras are suspended above the playing or viewing field and are remotely controlled by specially trained personnel who have the ability to move the cameras in up to three dimensions. The majority of CableCam and SkyCam revenues are generated from services provided to broadcast and cable networks airing NFL and NCAA football games. Other applications where CableCam and SkyCam assets have been utilized include professional basketball and baseball games, as well as the Olympics, the World Cup and most recently in connection with government research.
"Given our renewed focus on investing in our content resources to further build our core channel and online assets, we have begun to evaluate all options for our aerial camera business," stated Tom Hornish, President and Chief Executive Officer. "This is a valuable asset that just no longer fits into our strategic plan, despite its strong client base among companies broadcasting professional sporting events and future growth opportunities."
About Outdoor Channel Holdings, Inc.
Outdoor Channel Holdings, Inc. owns and operates Outdoor Channel, America's Leader In Outdoor TV, and Winnercomm Inc., an Emmy Award winning production and interactive company. Outdoor Channel offers programming that captures the excitement of hunting, fishing, shooting, off-road motorsports, adventure and the Western lifestyle and can be viewed on multiple platforms including high definition, video-on-demand, as well as on a dynamic broadband website. Winnercomm Inc. is one of America's leading and highest quality producers of live sporting events and sports series for cable and broadcast television. Outdoor Channel Holdings, Inc. also owns and operates the SkyCam and CableCam aerial camera systems which provide dramatic overhead camera angles for major sports events, including college and NFL football. For more information, please visit www.outdoorchannel.com.
SOURCE Outdoor Channel Holdings, Inc.
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