WILL MOLSON GRIN AND BEER IT; ACKERLEY REPORTS LOW PROFITS

          Molson Cos. said that it "has no plans to sell" the
     Canadiens or the Molson Centre, despite its Molson Sports &
     Entertainment (MSE) division reporting a quarterly operating
     profit of about C$400,000, compared to C$9.1M a year
     earlier, according to James McCarten of the CP.  MSE also
     reported C$2.9M in losses through the first nine months of
     FY '99 due to "higher hockey operating costs and fewer home
     games in the quarter."  Molson CEO James Arnett: "Exactly
     how we make economic sense of this aspect of our business
     continues to be an issue for us.  One of the things we are
     currently doing is analysing very closely the relationship
     between the hockey brand and the beer brand" (CP, 2/10).
          LOCKOUT LOSS: The HOLLYWOOD REPORTER reported that WA-
     based Ackerley Group, which owns the Sonics and Full House
     Entertainment, said that its '98 profit "plunged" 42% to
     $19M from $33M, or $.60 a share from $1.04 a year ago.  The
     company cited the NBA lockout (HOLLYWOOD REPORTER, 2/10).