Outdoor Channel's Chicago Cable TV Viewers to be Impacted by Comcast Plans
Outdoor Channel's Chicago Cable TV Viewers to be Impacted by Comcast Plans
TEMECULA, Calif., June 15 /PRNewswire-FirstCall/ -- Outdoor Channel, America's leader in outdoor TV, has learned that Comcast Cable sent notices to its subscribers in the greater Chicago, Illinois area stating that it plans to move Outdoor Channel from its second most highly penetrated digital package to a sports and entertainment tier consisting of a variety of other networks, many of which are independent and not affiliated with any major distributor, effective June 27, 2007.
If this move is made, a Comcast subscriber in the Chicago area wishing to continue viewing Outdoor Channel will be required to pay Comcast an additional $4.95 per month for the sports and entertainment tier package. Networks controlled by Comcast, including The Golf Channel and Versus, are not being moved to the sports and entertainment tier.
Based on the network's best estimates, the number of Outdoor Channel subscribers could decrease by a maximum of approximately 500,000 if none of the current subscribers agree to pay the additional fee for the tier. However, if the sports tier is perceived to be valuable by Comcast subscribers, many may agree to pay the extra monthly fee to Comcast and the actual decrease in the number of Outdoor Channel subscribers would then be less.
"We do not understand why Comcast is moving our channel," said Tom Hornish, Chief Operating Officer of Outdoor Channel. "We believe that for the quality programming we provide, our costs to Comcast are very reasonable and fair. It's unfortunate that even though our rates to Comcast have not gone up, Comcast customers in the Chicago area will now have to pay more for something that was previously included in their total package."
It is also possible that current Comcast subscribers may choose to switch to another provider of television programming that carries Outdoor Channel in a more affordable, broadly penetrated package and this too would reduce the loss of Outdoor Channel's total number of subscribers. Therefore, the network is unable to predict the potential decrease in the total number of Outdoor Channel subscribers that may result from this planned change.
About Outdoor Channel
Outdoor Channel is America's leader in outdoor TV, offering programming capturing hunting, fishing, Western lifestyle, off-road motorsports, adventure, and outdoor sports. The network can be viewed on multiple platforms including high definition, video-on-demand, as well as on a dynamic broadband web site. For more information about Outdoor Channel, please visit http://www.outdoorchannel.com/.
Statements in this report 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, our expectations, beliefs and intentions regarding the future carriage of Outdoor Channel by Comcast or any distributor. 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) the company's ability to grow the subscriber base of Outdoor Channel; (2) 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; (3) service providers discontinuing or refraining from carrying Outdoor Channel; 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.
First Call Analyst:
FCMN Contact:
Source: Outdoor Channel
CONTACT: Erica Chouinard of Bob Gold & Associates, +1-310-784-1040, cell
+1-310-872-8016, Erica@bobgoldpr.com, for Outdoor Channel
Web site:
http://www.outdoorchannel.com/
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