FS1 Developing New TV Shows For Katie Nolan Chris Bosh Joining TNT As A Studio Analyst NBA All-Star Celebrity Game Audience Down FS1 Canceling "Fox Sports Live," Won't Keep Hosts Sources: FS1 Not Renewing "Garbage Time" NHL Signs PPG For New Leaguewide Category San Diego State Expects Benefits From Fox Video Views Around Swimsuit Issue Up Big USATF Acquires Media Rights To Penn Relays Media Notes
CROCKETT LEADING COMSAT INTO NEW TERRITORIES
Published November 21, 1994
In a Baltimore SUN profile, Michael Dresser examines Comsat President & CEO Bruce Crockett, who has helped the satellite telecom company assemble "an eclectic group of businesses" -- including the Nuggets and On-Command Video. Dresser: "It's all been a little too eclectic for investors. Always wary of uncertainty, Wall Street has punished Comsat for Mr. Crockett's terrestrial ventures. From a 52-week high of $32.75, Comsat stock has lost more than one-third of its value, hitting a low of $19.375 last week. To some extent that reflects a general weakness in the [telecom] sector, but its price-earnings-ratio of 11 is paltry, even by industry standards." But Crockett, who hopes to add an NHL franchise in Denver, is "unapologetic about Comsat's growing role in the high-risk, high-reward sports and entertainment businesses": "There are some investors who would rather see us just be a communications company. We would hope over time to attract investors with different philosophies" (Baltimore SUN, 11/20).