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PRIME SPORTS, COMSAT VENTURE TO SPORTS PROGRAMMING
Published September 21, 1994
COMSAT Video Corp. and Prime Sports Network (PSN) "have agreed to undertake a joint venture aimed at developing new sports and entertainment programming." The Bethesda, MD-based COMSAT Video owns the Nuggets, while PSN is a division of TCI, the nation's largest cable company. COMSAT Video spokesperson Paul Jacobson said that "while the agreement is sports directed, it is not necessarily limited to sports programming" (Brooks Boliek, HOLLYWOOD REPORTER, 9/20). TCI FISHING FOR A TEAM? "A sports team may be the lure for TCI," while COMSAT has plans in Denver to build a new $110M, 19,000-seat arena with a $20M TV center to be placed next door. COMSAT reportedly is also interested in acquiring an NHL franchise. Analyst Paul Maxwell of Media Business Corp. says the COMSAT/TCI venture is a sure sign of TCI's desire to do more sports, while COMSAT is bent on building a world class entertainment center in Denver (Dinah Zeiger, DENVER POST, 9/20).