Skift Take
LodgeNet has bene in trouble for a while, and this repositions them as a media provider rather than building the pipes into the hotels.
LodgeNet Interactive, a provider of interactive TV and broadband to hotels and hospitals, appointed Richard Battista, formerly a senior executive at Fox National Cable Networks, News Corp. and Gemstar-TV Guide International, as president and CEO.
In May LodgeNet announced that Scott Petersen, its longtime president and CEO, would resign his executive position with the company June 15. Petersen remains as a member of the LodgeNet board.
Last month, LodgeNet said it was exploring refinancing alternatives to address its upcoming debt maturities and “tightening financial covenants.”
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Tags: lodgenet