SBD/21/Sports Media

CROCKETT LEADING COMSAT INTO NEW TERRITORIES

     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).
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