Warriors-Rockets Gets Big Viewership For ESPN Royals' TV Ratings Lead MLB This Season Senators' Murray Stepping Down After '15-16 NBC Sports Launches Documentary Film Unit CFL Extends Media Rights With Bell Lightning Take Social Media Taglines To Market At Bat App Available On Dashboards In Some Cars Coke 600 Down From Previous Years New "Hard Knocks" To Feature Texans Fox Sports' World Cup HQ Wrapping Up Construction
Upcoming Conferences and Events
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).