Outdoor Channel Holdings will restate 1Q07 and 2Q07 financials to correct the amortization period for the recognition of non-cash share-based compensation costs, according to an SEC filing. The recorded $1.65mln in compensation expense for each quarter will be adjusted to $2.99mln in 1Q and $2mln in 2Q. While the adjustments materially impact 1Q and 2Q, the overall compensation expense is expected to remain at $6.6mln for the full year. Because of the restatement, Outdoor expect to be late filing 3Q results. — That was RBC Daniels that initiated the Charter and WaveDivision systems swap for certain CA communities (Cfax, 11/5). It also advised both parties.

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