CANCELLED: ISL CEO RESIGNS AFTER BEING TOLD TO SLOW DOWN

          Sources "inside the company and out" say that ISL's
     "strategy of aggressively acquiring commercial rights to
     major sporting events and organizations is likely to
     decelerate" after the resignation of parent ISMM Group CEO
     HEINZ SCHURTENBERGER last month, according to Daniel Kaplan
     of the SPORTSBUSINESS JOURNAL.  One reason Schurtenberger
     left ISL "in favor of" new CEO DANIEL BEAUVOIS is that he
     did not want "to pull in the reins on [ISL's] acquisition
     pace."  Kaplan reports that while Schurtenberger's
     resignation "will likely put a damper on ISL's furious pace
     of rights acquisitions," it will "likely not affect" ISL's
     "current negotiations with CBS Sports to obtain NCAA
     basketball marketing rights for more than $800 million" 
     (SPORTSBUSINESS JOURNAL, 11/6 issue).