28 January 2013 6:55 AM, PST | Deadline TV | See recent Deadline TV news »

LodgeNet says that hotels, hospitals and other institutions that receive its interactive TV programming and broadband services will continue to do so “without interruption.” It has negotiated a $15M debtor-in-possession financing plan with some of its existing lenders. If the bankruptcy court in New York approves it, then it should “satisfy the customary obligations of LodgeNet’s business during the course of the restructuring process,” the company says. The announcement follows a recent $60M investment by a group led by Colony Capital. The deal was negotiated by former Fox and Gemstar-tv Guide exec Rich Batista, who became LodgeNet’s CEO in September – and left two weeks ago. If all goes as planned, then unsecured creditors will receive full payment in cash at the end of the restructuring. But owners of LodgeNet common stock and Series B Preferred shares are out of luck. The common shares — which traded for more than »

- DAVID LIEBERMAN, Executive Editor

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