Outdoor Channel Holdings Director Adopts 10b5-1 Trading Plan

Outdoor Channel Holdings Director Adopts 10b5-1 Trading Plan

TEMECULA, Calif., Dec. 14 /PRNewswire-FirstCall/ -- Outdoor Channel Holdings, Inc. (NASDAQ:OUTD) today announced that Director Jerry Berglund entered into a pre-arranged stock trading plan to sell a portion of his company stock over time as part of his individual long-term strategies for asset diversification and liquidity.

The stock trading plan was adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. Rule 10b5-1 allows corporate officers and directors to adopt written, pre-arranged stock trading plans when they do not have material, non-public information. Using these pre-arranged plans, insiders can gradually diversify their investment portfolios and can avoid concerns about whether they had material, non-public information when they sold their stock.

Under Berglund's Rule 10b5-1 Plan, up to a total of 76,366 of his shares may be sold from January 3, 2006 through January 3, 2007. A pre-determined number of shares will be available for sale each month under the arrangement and is subject to an escalating pricing guideline as specifically outlined in the plan. The shares to be sold will be acquired through the exercise of stock options, which options expire December 7, 2007.

Any transactions under this plan will be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission. The Form 4 filings will also be posted under the Investor Relations section of Outdoor Channel Holdings corporate website at www.outdoorchannelholdings.com.

About Outdoor Channel Holdings, Inc.

Outdoor Channel Holdings, Inc. owns and operates The Outdoor Channel, a national television network dedicated to providing traditional outdoor programming to America's 82 million anglers, hunters and outdoor enthusiasts. The Outdoor Channel features approximately 100 weekly programs featuring hunting, fishing and shooting sports, as well as off road motor sports and other related lifestyle programming. Nielsen Media Research estimates The Outdoor Channel's universe, through a combination of cable and satellite dish subscribers, to be approximately 25.7 million homes for December 2005. The company also owns and operates related businesses that serve the interests of viewers of The Outdoor Channel and other outdoor enthusiasts, including Outdoor Channel 2 HD, LDMA-AU, Inc. (Lost Dutchman's) and Gold Prospector's Association of America, LLC. (GPAA).

Contacts: Perry T. Massie, President and Chief Executive Officer
William A. Owen, Chief Financial Officer
951.699.4749

Cecilia A. Wilkinson/Angie Yang
PondelWilkinson Inc.
Investor Relations
Corporate/Financial Communications
310.279.5980
investor@pondel.com

Source: Outdoor Channel Holdings, Inc.

CONTACT: Perry T. Massie, President and Chief Executive Officer, or
William A. Owen, Chief Financial Officer, both of Outdoor Channel Holdings,
Inc., +1-951-699-4749; or Investor Relations, Corporate/Financial
Communications, Cecilia A. Wilkinson, or Angie Yang, both of PondelWilkinson
Inc., +1-310-279-5980, investor@pondel.com, for Outdoor Channel Holdings,
Inc.

Web site: http://www.outdoorchannelholdings.com/

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