DOES FINANCIAL RESTRUCTURING MEAN A SALE FOR SONICS?

     In a "minor shift in the business structure," Ackerley
Communications restructured of all of its holdings and left the
Sonics as a separate corporation, instead of being one of 14
subsidiaries.  But according to MCCLATCHY NEWS' Bart Wright, "an
implication was immediately obvious.  Large companies interested
in testing the market for a certain portion of their holding
often restructure in ways that set apart the desirable holding."
But Ackerley Communications CFO Dennis Curley said the
restructuring "changes nothing," and is "no indication at all of
any reason to want to sell anything" -- including the Sonics.
Wright writes that the move comes at a "curious time," and that
the value of the franchise is higher now than any other time in
its history, with "sizable" fan support a new arena, and
expansion fees (Bart Wright, McCLATCHY NEWS SERVICE, 2/5).