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TOUGH TIMES IN THE IRON CITY
Published April 19, 1995
PENGUINS REVEAL UP TO $6M IN LOSSES: The 103-day NHL lockout could cost the Penguins up to $5-$6M in losses this season, marking the first time the team will lose money under owner Howard Baldwin's four-year reign. The losses "will just about wipe out" the estimated $6M in profits the team made in Baldwin's first three years. Baldwin: "We have to accept that as the price to be paid to get a revised collective bargaining agreement." Lost revenue is due mainly to lost home games and Tv appearances on KBL sports network (Steve Halvonik, PITTSBURGH POST-GAZETTE, 4/15). ROUGH SAILING FOR THE PIRATES: A survey of 984 people by the PITTSBURGH POST-GAZETTE and KDKA-TV (April 10-13) "gives credence to the idea that Pittsburgh isn't a great baseball town." The poll shows that 58% have no plans to attend any games in '95. Adelphia Communications Chair John Rigas said the numbers "are a little bit more negative than I would have expected" but that they would not "affect his attempts to acquire the Pirates." Other numbers: 57% oppose the use of public funds to keep the Pirates in Pittsburgh (Tom Barnes, PITTSBURGH POST- GAZETTE, 4/17).