Cubs' Average Price For Season Tickets Will Rise Red Sox Look To Avoid Luxury Tax Sources: LeBron Not Staying At Trump Hotel In N.Y. NHL Stands By Concussion Protocol Clippers Holding Camp In Hawaii A's Reinvesting All Revenues Into Coliseum, Club Twins Owner Says Club Is Not For Sale Royals Will Not Exceed Current Payroll NHL Has Issue Shipping New Leafs Jerseys To Canada Sources: Penguins Getting $25M Investor
NUGGETS' OWNER COMSAT'S EARNINGS DROP 28% IN FIRST QUARTER
Published April 24, 1995
Comsat, owner of the Nuggets and reported suitor of the NHL Nordiques, reported a 28% earnings decline for the 1st quarter of '95. Comsat's Joe Tomkowicz said the decline was "in line with the company's strategy of de-emphasizing short-term earnings in favor of long-term investments." Along with a company-financed arena for the Nuggets, the company also will expand its hotel video business. Tomkowicz: "There were tremendous opportunities and we wanted to invest some big bucks." Both of these items contributed to a $3.2M loss for the company's entertainment division (Michael Dresser, Baltimore SUN, 4/22).