SBD/15/Franchises

ASCENT REPORTS HIGH EARNINGS IN 4TH QUARTER, LOSS FOR YEAR

     Ascent Entertainment, parent company to the Nuggets and
Avalanche, reported revenue of $57.2M and pre-tax earnings of
$6.3M for the fourth quarter.  The revenue figure was a  27%
increase over $45M in '94.  Earnings for the same period of '94
were $11.8M.  The company reported a net loss for the year of
$19.4M or $0.80 cents per share.  Ascent CEO Charlie Lyons said
the results were "as expected ... by eliminating the unproductive
Satellite Cinema operations, we can focus in 1996 on increasing
revenue and cash flow in our On Command Video operations while
pressing ahead with plans to enhance revenue opportunities in our
entertainment business."  Lyons said 4th quarter entertainment
revenue increased 108% to $25.8M with the start up of the
Avalanche, since the addition of the NHL team required only 17
new operational staff positions (Ascent Entertainment).
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