TEMECULA, Calif., Jan. 25, 2012/PRNewswire/ -- Outdoor Channel Holdings, Inc. (NASDAQ: OUTD) today announced that Tom Hornishhas been named President and Chief Executive Officer, effective February 1. Mr. Hornish succeeds Roger Werner, who will remain with the company and has been appointed Co-Chairman.
Tom Hornishjoined Outdoor Channel in 2004 and has served the company in a variety of roles, including most recently as Executive Vice President, Chief Operating Officer, General Counsel and Secretary. Roger Wernerserved as a director of Outdoor Channel Holdings, Inc. and as its President since October 2006, and served as its CEO since February 2007.
"Roger has been a tremendous asset since joining the company in 2006. During his tenure, Outdoor Channel has grown its number of subscribers by over 25%, and we sincerely thank him for his ongoing leadership, dedication and other contributions," said Perry Massie, Chairman of Outdoor Channel. "We also appreciate that he will serve as Co-Chairman and be a valued advisor to the company as we continue executing our strategic growth initiatives. Tom Hornishhas served Outdoor Channel with distinction during his seven year tenure, and the entire board of directors is pleased to appoint him Chief Executive Officer. He is an experienced industry veteran with a tremendous understanding of and passion for Outdoor Channel, and we are confident in his ability to lead the company through its next stages of growth."
"I am truly honored to take the lead of Outdoor Channel in 2012 and beyond," said Tom Hornish, President and CEO of Outdoor Channel. "I want to personally thank Roger for his leadership and mentorship over the last five years, and I'm looking forward to being able to draw on his vast experience and sage advice as a continuing board member. Outdoor Channel currently possesses an established multi-platform category leadership position supported by the most compelling outdoor programming hosted by the best talent in the industry. Moving forward, I am focused on working with our management, employees and partners to execute our growth opportunities."
"I am proud of Outdoor Channel's accomplishments during my tenure as CEO which include greatly expanding the network's distribution, strengthening our core content offerings, and greatly improving the network's financial performance," said Roger Werner, Co-Chairman of Outdoor Channel. "This is a natural time for this transition given the overall strength of the senior management team and the company's healthy financial condition. I have worked alongside Tom Hornishfor over five years and fully believe in his capabilities to assume his new role and lead Outdoor Channel's strategic direction moving forward. Outdoor Channel is a unique media platform with great upside, and I am excited to remain a part of the company's future."
The Company expects to make an announcement shortly regarding its plans to fill the Chief Operating Officer and General Counsel positions previously held by Mr. Hornish.
About Outdoor Channel Holdings, Inc.
Outdoor Channel Holdings, Inc. (NASDAQ: OUTD) 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.
Safe Harbor Statement
Statements in this news release that are not historical are
"forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933, as amended
and Section 21E of the Securities Exchange Act of 1934, as
amended, including statements, without limitation, about
our expectations, beliefs, intentions, strategies regarding
the future long-term value of the company resulting from
the Company's current actions or strategic initiatives
and the future anticipated value of Outdoor Channel to our
audience, distributors and advertisers. The Company's
actual results could differ materially from those discussed
in any forward-looking statements. The Company intends that
such forward-looking statements be subject to the
safe-harbor provisions contained in those sections. Such
statements involve significant risks and uncertainties and
are qualified by important factors that could cause actual
results to differ materially from those reflected by the
forward-looking statements. Such factors include but are
not limited to: (1) service providers discontinuing or
refraining from carrying Outdoor Channel; (2) changes in
Nielsen methodology and estimates; (3) a decline in the
number of viewers from having Outdoor Channel placed in
unpopular cable or satellite packages, or increases in
subscription fees, established by the service providers;
(4) increased competition in demand in price from broadcast
networks; (5) a decrease in advertising revenue as a result
of a deterioration in general economic conditions; and
other factors which are discussed in the Company's
filings with the Securities and Exchange Commission. For
these forward-looking statements, the Company claims the
protection of the safe harbor for forward-looking
statements in Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934.
SOURCE Outdoor Channel Holdings, Inc.
For Company: Tom Allen, Chief Financial Officer, +1-951-699-6991, ext. 287, tallen@outdoorchannel.com; For Investors: Brad Edwards, Brainerd Communicators, Inc., +1-212-986-6667, edwards@braincomm.com; For Media: Nancy Zakhary, Brainerd Communicators, Inc., +1-212-986-6667, nancy@braincomm.com
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