ASCENT ENTERTAINMENT LOOKS FOR NEW SITE FOR PEPSI CENTER

     Ascent Entertainment Group, owners of the Nuggets and
Avalanche, are eyeing a site of land near Elitch Gardens in the
Central Platte Valley for their new Pepsi Center, according to
Curtis Eichelburger of the ROCKY MOUNTAIN NEWS. Ascent CEO
Charlie Lyons met with Denver Mayor Wellington Webb to discuss
the new arena.  Webb: "I don't care who the partners are. All I
care about is that the taxpayers of Denver are protected."  The
delay in site selection for the new arena helped contribute to a
22% decline in Ascent's stock since its IPO in December (ROCKY
MOUNTAIN NEWS, 1/19).