FSP/PENGUINS DISPUTE SETTLED; STATION RETAINS TEAM RIGHTS

          Officials from Fox Sports Pittsburgh (FSP) and the
     Penguins announced yesterday that the two sides have reached
     a "binding, three-pronged agreement" in exchange for
     dropping their respective lawsuits, according to Chuck
     Finder of the PITTSBURGH POST-GAZETTE.  The deal calls for
     FSP to retain the team's broadcast rights through 2008-09. 
     In addition, the Penguins have pledged to pay $537,000
     "within a month in advertising fees owed to" FSP.  The
     dispute over $616,000 in cable subscriber fees "will be
     determined by both parties or, beyond that, an agreed-upon
     arbitrator."  Penguins co-Owners Roger Marino and Howard
     Baldwin are scheduled to meet with Fox officials today in
     L.A. to "hammer out possible changes" to the broadcasting
     agreement.  Finder reports that all lawsuits were dropped
     except a breach of contract one FSP filed against former
     station GM Bill Craig, who left the channel last September
     and joined the Penguins two months later as the team's Dir
     of Business Development (PITTSBURGH POST-GAZETTE, 6/18).