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LodgeNet Realigns Its Business Into Three Operating DivisionsSIOUX FALLS, S.D., Aug. 27 /PRNewswire-FirstCall/ -- LodgeNet Interactive Corporation (Nasdaq: LNET), announced today that it will be realigning its organization around its three key business units: Hospitality, Healthcare and The Hotel Networks. As part of this realignment, its operations addressing the hospitality and healthcare markets will be organized into two divisions. The Hotel Networks, the media marketing division, will continue to operate as a wholly-owned subsidiary of the Company. (Logo: http://www.newscom.com/cgi-bin/prnh/20080115/AQTU120LOGO) "As our company continues to grow and evolve, we believe we can best
enhance shareholder value by creating more tightly integrated teams with a
clear focus on driving results within the markets they serve," said As part of this new organizational structure, Mr. Young joined the LodgeNet organization in August 2006 after seven
years at Best Buy Corporation, during which time he held the positions of Vice
President Entertainment, BestBuy.com; Vice President Merchandising, Music; and
Vice President of Digital Entertainment. Mr. Young received his undergraduate
degree at "The Hospitality Industry continues to evolve to meet growing guest expectations for media and connectivity, and LodgeNet is positioned to be the leader in providing these solutions now and in the future," said Mr. Young. "I am energized by the challenge that these opportunities represent, and look forward to working with our team and our industry partners as we continue our transformation, leveraging our company's assets to build and deliver profitable new solutions that meet the growing needs of the industry." With the creation of the Hospitality division, the Company also announced
that About LodgeNet LodgeNet Interactive Corporation is the leading provider of media and connectivity solutions designed to meet the unique needs of hospitality, healthcare and other guest-based businesses. LodgeNet Interactive serves more than 1.9 million hotel rooms representing 9,900 hotel properties worldwide in addition to healthcare facilities throughoutthe United States. The company's services include: Interactive Television Solutions, Broadband Internet Solutions, Content Solutions, Professional Solutions and Advertising Media Solutions. LodgeNet Interactive Corporation owns and operates businesses under the industry leading brands: LodgeNet, LodgeNetRX, and The Hotel Networks. LodgeNet Interactive is listed on NASDAQ and trades under the symbol LNET. For more information, please visit http://www.lodgenet.com. LodgeNet is a registered trademark of LodgeNet Interactive Corporation. SOURCE LodgeNet Interactive Corporation Tags: ,TRA,LEI,ENT,RCN,PER,SD-LodgeNet-Realigns _ _Is your favorite bookmark site missing? Ask for it. |
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