Independent Investor David Tice Files 13D Regarding PNTV (OTCBB: PNTV)

Independent investor David Tice has filed a 13D with the SEC regarding shares of the Las Vegas based global media and entertainment company The Player’s Network (PNTV). A Schedule 13D is designed to alert shareholders when an individual or corporation may be taking interest in launching a takeover or significantly expanding their role in the company.

As a result of portfolio activity on Oct. 18 Tiel disclosed a beneficially owned aggregate of 6,090,068 Common Shares, based on 59,214,226 Common Shares outstanding as of Oct. 18, 2010, which (according to the information provided to the Reporting Person by the Issuer), represents approximately 10.28% of the outstanding Common Shares. From August 27 to October 12, 2010, Tiel acquired the shares in open market purchases for aggregate consideration (excluding commissions) of approximately $1,335,042.61. All of the funds required to acquire such shares were obtained from the personal funds of Tiel.

PNTV is a leading Digital Media Company specializing in creating digital content pertaining to the Las Vegas gambling lifestyle. They have a hand in original content creation, production and distribution across all digital platforms.
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About the Player’s Network:
Players Network is a digital television and media company consisting of multiple television broadcasting programming that is distributed over its own video on demand (VOD) channels to approximately 24,000,000 homes over Comcast, DirecTV, AT&T, Verizon, Dish Network and its own Broadband Network, as well as Hulu, Blinkx, Google, YouTube and Yahoo Video, for digital versatile disc (DVD) home video, mobile platforms and through worldwide television syndication. The Company distributes its gaming lifestyle media programming through a variety of media platforms, including VOD, broadband/Internet, Satellite television, Cable Television, packaged media and on its Website. Players Network develops, produces, acquires and distributes a range of lifestyle television programming to serve consumers interested in gaming and entertainment, and activities associated with, or surrounding gaming.