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NUGGETS' OWNER COMSAT'S EARNINGS DROP 28% IN FIRST QUARTER

     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).
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Denver Nuggets, Franchises, NHL

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