Outdoor Channel Holdings (OUTD +0.8%) says its board likes the $8.75-per-share offer from...

|About: Outdoor Channel Holdings,... (OUTD)|By:, SA News Editor

Outdoor Channel Holdings (OUTD +0.8%) says its board likes the $8.75-per-share offer from Kroenke Sports & Entertainment and will constitute it a "superior proposal" which allows it to back out of a merger agreement with InterMedia.