8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported) December 8, 2009

LODGENET INTERACTIVE CORPORATION

(Exact Name of Registrant as Specified in Charter)

Delaware	0-22334	46-0371161
(State or Other Jurisdiction of	(Commission File Number)	(IRS Employer
Incorporation)		Identification No.)

3900 West Innovation Street, Sioux Falls, SD	57107
(Address of Principal Executive Offices)	(Zip Code)
Registrant’s telephone number, including area code	(605) 988-1000

n/a

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure.

     LodgeNet Interactive Corporation (“LodgeNet”) issued a press release announcing that it will be presenting at the UBS Global Media and Communications Conference on Wednesday, December 9, 2009, in New York, NY regarding its operations and business. The press release describes LodgeNet’s presentation at the conference. The PowerPoint slide presentation to be used during LodgeNet’s presentation at the UBS Global Media and Communications Conference regarding its operations and business is furnished as Exhibit 99.1. The press release regarding LodgeNet’s presentation at the conference is furnished as Exhibit 99.2.

     The information in Exhibits 99.1 and 99.2 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

Item 9.01. Financial Statements and Exhibits.

     (d) Exhibits

99.1	PowerPoint Slides (furnished)
99.2	Press Release (furnished)

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	LODGENET INTERACTIVE CORPORATION
Date: December 8, 2009	By	/s/ James G. Naro    James G. Naro
	Its	Senior Vice President, General Counsel, Secretary and Chief Compliance Officer

EX-99.1

Exhibit 99.1

LodgeNet Interactive Corporation UBS 37th Annual Global Media and Communications Conference December 9, 2009

Certain statements in this presentation constitute "forward-looking statements." When used in this presentation the words "intends," "expects," "anticipates," "estimates," "believes," "goal," "no assurance" and similar expressions, and statements which are made in the future tense or refer to future events or developments, including, without limitation, our estimates of the effects of an economic rebound, are intended to identify such forward-looking statements. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause the actual results, performance or achievements to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following: the effects of economic conditions, including general financial conditions (including those represented recently by liquidity crises, government bailouts and assistance plans, bank failures, and recessionary threats and developments); the economic condition of the lodging industry, which can be particularly affected the financial conditions referenced above, as well as by high gas prices, levels of unemployment, consumer confidence, acts or threats of terrorism and public health issues; competition from providers of similar services and from alternative systems for accessing in-room entertainment; competition from HSIA providers; changes in demand for our products and services; programming availability, timeliness, quality, and costs; technological developments by competitors; developmental costs, difficulties, and delays; relationships with customers and property owners, in particular as we reduce capital investment; the availability of capital to finance growth; compliance with credit facility covenants; the impact of governmental regulations; potential effects of litigation; risks of expansion into new markets; risks related to the security of our data systems; and other factors detailed, from time to time, in our filings with the Securities and Exchange Commission. For any of the foregoing reasons, our guidance and our actual financial results may not meet our expectations. These forward-looking statements speak only as of the date of this presentation. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

World's Largest Provider of Media & Connectivity Services to Hospitality Businesses 1.9 Million Rooms Top 10 MSO Equivalent 85% Share of VOD-Served Market Connect, Inform & Entertain Over 500 Million Travelers Highly Interactive Audience Powerful Guest "Touch Points" in High-Definition TV & Internet LodgeNet Interactive (CHART) (CHART) (CHART) 98% 35% Guests Turn on Television "Go Interactive" "Log On" to the Internet* * Source: 2008 Zoomerang Survey 87%

Diversifying Revenues Reducing Impact of Occupancy Fluctuations Minimizing Company's Capital Requirements Generating Incremental Cash Flow Proactively Managing Business Right-Sizing Operations to Environment Managing Capital Investment Levels Increasing Free Cash Flow Reducing Leverage Enhancing Position for Economic Recovery Result: Greater Shareholder Value Strategic Focus: Enhanced Shareholder Value

1.9 Million Rooms Worldwide Operating in US, Canada & Mexico; Licensees in 23 Countries (CHART) A Diversified Customer Base

A Diversified Customer Base Focused By Brand . . . Diversified By Decision (Based on Number of Rooms) (CHART) (CHART) 1,500+ Ownership & Management Groups

FTG VOD HD Advanced IP Broadband Advertising Since 1996 Since 1983 Since 1980's Since 1990's Long-Standing Industry Relationships Strategic Partners

Guest Entertainment Pay-Per-View Entertainment Content Sold to Hotel Guests in 1.9 Million Rooms Movies, Music, Games, Subscription Sports and More Hotel Services Cable Television Programming Sold to Hotels, Serving 1.1 Million Rooms Internet Access Services Sold to Hotels, Serving Over 200 Thousand Rooms System Sales & Related Domestic and International Sales of VOD,FTG and Internet Access Systems Professional Solutions for Professional Design, Project Management and Installation Services Advertising and Healthcare Traveler Targeted Advertising in More Than 1 Million Hotel Rooms Sale of Interactive Television Systems and Services to Healthcare Facilities Traditional & Diversified Revenues (in millions,9 mo '09) $227.8 $98.7 $33.7 $11.0

Number of Hospitals (CHART) Healthcare Drivers: Patient Education Patient Safety Patient Satisfaction 45 55 (As of 12/01/09) LodgeNet Healthcare Healthcare Economics: Interactive System Sale Per Bed $1,000 - $1,500 Gross Profit Margin 30% - 40% Recurring Revenue Per Bed Per Month $25 - $35 Gross Profit Margin 30% - 40% Number of Hospitals

39% of Revenue from Strategic Growth Initiatives (CHART) * "Other" includes System Sales and Related Services, THN & Healthcare +9.4% - - 20.9% +31.2% ($ in millions) $371.2 $412.5 Growth Initiatives Generate $143 Million Diversification Initiatives Buffer Recession Guest Entertainment Hotel Services Other Total Revenue Down 10.0%

Guest Entertainment Hotel Services Other* * "Other" includes System Sales and Related Services, THN & Healthcare Increasing Impact of Diversification Based on Revenue 9 Months 2006 Revenue: $219M (CHART) (CHART) 9 Months 2009 Revenue: $371M

Reductions Driven by: Integration Synergies Cost Control Initiatives Workforce Reductions Expense Controls Offset 73% of Gross Profit Decline (CHART) System Operations and SG&A $65.2 Managing Operating Expenses ($ in millions) $86.4 - - 25%

$53.4 Proactively Managed by: Fewer Room Installations Lower Per Room Investment Hotel Contributions Increasing Right-Sizing to Environment (CHART) - - 71% Managing Capital Investments ($ in millions) $15.4

New Balance in Equipment Cost Sharing with Hotel Customers On Command Acquired on 4/4/07 * 2006 2007 2008 2009 Rolling Four Quarters As Percent of Total Installation Cost Hotels Contributing Larger Percent of Capital

Less Capital Per Interactive Room Further Capital Reductions Through TV Manufacturer Arrangements TV Manufacturers "Embedding" LodgeNet Technology into HDTV Sets Reduces Cost of Installed Room by $50 - $75 - Equates to a 20-25% Reduction in Total Capital per Interactive Room Hotels Buy "LodgeNet Ready" Sets - Faster, Lower Cost Installations (CHART) $405 $316 (CHART) $324 $263

$51.9 $48.1 $25.4 $7.8 Increasing Free Cash Flow* (TTM $ in millions) * Free Cash Flow Definition - see slide 21 $61.8 Trailing Twelve Months

(CHART) $486.0 *Debt, Net of Cash Accelerating Debt* Reduction (in millions) $469.9 Reducing Interest Expense Per Quarter - Down 13% since Q1 '08 Projecting $3.5-$4.0 Million Interest Expense Savings in 2010 Due to Maturity of Swap

Business Outlook Maintaining Conservative Operating Plan Pending Recovery Continue to Manage Business within Leverage Parameters Balance Growth Opportunities and Free Cash Flow Performance Revenue Outlook System and Related Services Sales Impacted by Tightened Hotel Capital Budgets Some Signs of Recovery in Guest Entertainment (CHART) Guest Entertainment Monthly Revenue per Room

(Annualized $ in millions) GE Revenue AOCF $38 $23 $76 100% Rebound 50% Rebound * Guest Entertainment Revenue Down 21% for 9 Months '09 (CHART) $46 Impact on Guest Entertainment* Significant Operating Leverage With Economic Recovery Business Outlook (cont.)

LodgeNet: Investment Summary Largest Provider with 85% VOD Market Share Recurring Revenue Based on Long-Term Contracts Diversified Revenue Opportunities: - HDTV Transition, Hotel Services, The Hotel Networks, Healthcare Proactively Managing Business Generating Increased Levels of Free Cash Flow Positioned to Capitalize on Economic Recovery

Reconciliation of Operating Income to Adjusted Operating Cash Flow Operating Income Plus: Depreciation and Amortization Plus: Amortization of Purchased Intangibles Plus: Restructuring/Organization Charges and Integration Expenses Plus: Share-Based Compensation Plus: Impairment Charge Less: Insurance Proceeds Equals: Adjusted Operating Cash Flow Reconciliation of Free Cash Flow Cash from Operations Less: Cash Used for Investing Activities, including Growth-Related Capital Equals: Free Cash Flow

Free Cash Flow Analysis* * Free Cash Flow Definition - see slide 22 ($ in millions except per share) 9 month comparison

EX-99.2

Exhibit 99.2

Ann Parker, Director	Mike Smargiassi
Investor Relations	Brainerd Communicators
605-988-1000	212-986-6667
ann.parker@lodgenet.com	smarg@braincomm.com

LODGENET INTERACTIVE TO PARTICIPATE
IN UBS’ 37TH ANNUAL GLOBAL MEDIA AND COMMUNICATIONS CONFERENCE

To Report Progress on Strategic Initiatives and Reaffirm Fourth Quarter 2009 Guidance

SIOUX FALLS, SD, December 8, 2009 — LodgeNet Interactive Corporation (NASDAQ: LNET), the leading provider of media and connectivity solutions to hospitality and healthcare businesses, today announced that its Chairman and CEO Scott C. Petersen will participate in UBS’ Global Media and Communications Conference on Wednesday, December 9, 2009, in New York, NY. Mr. Petersen will discuss the Company’s strategy, its success in proactively managing its business during the evolving economic conditions of 2009, and progress on its strategic initiatives to diversify revenue and drive free cash flow. During the presentation, Mr. Petersen will also reaffirm the Company’s fiscal guidance for the fourth quarter of 2009, which was originally provided on October 21, 2009.

Some highlights of LodgeNet’s recent strategic achievements include:

• Revenue Diversification: Revenue generated by sources other than guest entertainment purchases increased 15% during the first nine months of 2009 as compared to the same period in 2008 and now represents 40% of total revenue.

• Proactive Management: Given the economic environment, LodgeNet reduced its operating expenses by 25% and its capital expenditures by 70% during the first nine months 2009. As a result of this management approach, the Company increased its cash flow by four fold during the first 9 months of 2009, from $9.9 million in 2008 to $46.3 million in 2009.

• Debt Reduction: During the first nine months of 2009, LodgeNet reduced its debt by more than 15%, or $92 million.

• Innovative Product Arrangements: LodgeNet reduced its level of capital investment per interactive room by an average of 20% between new and renewal rooms in 2009, and further capital reductions representing a $50-$75, or 20%-25% savings per average system installation are anticipated through the innovative arrangements LodgeNet recently announced with LG Electronics and Philips, the two leading TV manufacturers for the hospitality market. The two electronics firms are now licensed to integrate LodgeNet’s patented b-LAN communications technology directly into their televisions during assembly, creating out-of-the-box “LodgeNet ready” sets.

• Healthcare: LodgeNet’s Healthcare division increased its facilities under contract in 2009 by 30% to more than 55 facilities nationwide. Recently, the division signed agreements with several award-winning hospitals and made inroads into the children’s hospital segment, with Children’s Hospitals and Clinics of Minnesota joining Morgan Stanley and Children’s Pittsburgh, as well as the new Sanford Children’s Hospital on LodgeNet’s roster of well-known pediatric facilities. LodgeNet Healthcare has also been selected to address the needs of government armed forces facilities at the Veterans Administration hospital in Washington DC, and Naval hospitals in Jacksonville and Pensacola, Florida.

• The Hotel Networks: THN continues its emergence as an innovative programmer through the introduction of two additional content offerings. Starting in Jan 2010, the English-speaking RT World News Channel will be distributed through THN’s private satellite network in over 800 major hotels. In early spring of 2010, Fashion TV “Jet Set Edition” will launch in select upscale hotels throughout the country. This customized channel will be produced with cooperation of FTV, the world’s leader in Fashion programming, and will be carried on THN’s Interactive channels.

LodgeNet presents at UBS Global Media and Communications Conference — 2

The LodgeNet management presentation will take place on Wednesday, December 9, 2009 at approximately 3:00 pm Eastern Standard Time. A live Webcast of the presentation and a copy of the slides will be available in the investor section of the Company’s Website (www.lodgenet.com).

About LodgeNet Interactive

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 worldwide in addition to healthcare facilities throughout the 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 www.lodgenet.com.

LodgeNet and LodgeNet RX are registered trademarks of LodgeNet Interactive Corporation. Other trademarks are the property of their respective owners.

Special Note Regarding Forward-Looking Statement

Certain statements in this press release constitute “forward-looking statements.” When used in this press release and in the prepared remarks, as well as in response to the questions during the conference call, the words “intends,” “expects,” “anticipates,” “estimates,” “believes,” “goal,” “no assurance” and similar expressions, and statements which are made in the future tense or refer to future events or developments, including, without limitation, those related to our 2009 guidance, are intended to identify such forward-looking statements. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following: the effects of economic conditions, including general financial conditions (including those represented recently by liquidity crises, government bailouts and assistance plans, bank failures, and recessionary threats and developments); the economic condition of the lodging industry, which can be particularly affected the financial conditions referenced above, as well as by high gas prices, levels of unemployment, consumer confidence, acts or threats of terrorism and public health issues; competition from providers of similar services and from alternative systems for accessing in-room entertainment; competition from HSIA providers; changes in demand for our products and services; programming availability, timeliness, quality and costs; technological developments by competitors; developmental costs, difficulties and delays; relationships with customers and property owners, in particular as we reduce capital investment; the availability of capital to finance growth; compliance with credit facility covenants; the impact of governmental regulations; potential effects of litigation; risks of expansion into new markets; risks related to the security of our data systems; and other factors detailed, from time to time, in our filings with the Securities and Exchange Commission. For any of the foregoing reasons, our guidance and our actual financial results may not meet our expectations. These forward-looking statements speak only as of the date of this press release. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

LodgeNet is a registered trademark of LodgeNet Interactive Corporation. All rights reserved. Other names and brands may be claimed as the property of others.

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