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LodgeNet Files Chapter 11

January 28, 2013 |
SIOUX FALLS, S.D. -- LodgeNet Interactive

Corporation (OTCBB: LNET) today announced that it has commenced a prepackaged

Chapter 11 process in the Southern District of New York in order to effect a

recapitalization in which a syndicate of investors led by Colony Capital will

invest $60 million in LodgeNet, all as previously announced.

Throughout this process, LodgeNet's business operations will continue in the

normal course, and current hospitality and healthcare customers will continue

to receive services without interruption.

Under the terms of the plan, LodgeNet's existing lenders will provide for a

multi-year extension of its existing senior debt and unsecured creditors of

LodgeNet will be paid in full in cash for any prepetition claims at the

conclusion of the restructuring process.

LodgeNet Interactive Corp.



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