Vail Resorts Acquires Mountain News Corporation (MTN)

Vail Resorts, Inc. MTN today announced that the Company has acquired Mountain News Corporation (MNC), which operates the world's most visited online snow sports portal, OnTheSnow.com. Terms of the acquisition were not disclosed. Following the acquisition, Chad Dyer will remain with MNC, continuing to oversee the operations as global managing director. Craig Altschul will continue as global editor-in-chief of the site. After a 30-year career with MNC, Publisher Rob Brown will be retiring from his position, but will be assisting Vail Resorts and MNC through the transition. About Vail Resorts Vail Resorts, Inc., through its subsidiaries, is the leading mountain resort operator in the United States. The Company's subsidiaries operate the mountain resort properties of Vail, Beaver Creek, Breckenridge and Keystone mountain resorts in Colorado, the Heavenly Ski Resort in the Lake Tahoe area of California and Nevada, and the Grand Teton Lodge Company in Jackson Hole, Wyo. The Company's subsidiary, RockResorts, a luxury resort hotel company, manages casually elegant properties across the United States and in the Caribbean. Vail Resorts Development Company is the real estate planning, development and construction subsidiary of Vail Resorts, Inc. Vail Resorts is a publicly held company traded on the New York Stock Exchange MTN. For more information, visit The Vail Resorts company website at www.vailresorts.com and consumer website is www.snow.com. SOURCE Vail Resorts, Inc.