ASCENT ENTERTAINMENT GROUP SETTLES WITH SHAREHOLDERS

          Shareholder lawsuits accusing Ascent Entertainment
     Group of trying to sell the Avalanche, Nuggets and Pepsi
     Center "at a bargain price" have been settled, according to
     Jef Feeley of BLOOMBERG NEWS.  Shareholders had objected to
     Ascent's efforts to sell the sports properties to Bill and
     Nancy Laurie, arguing that officials "weren't getting the
     best price" for the franchises and arena.  The properties
     were later sold to Stan Kroenke for $450M.  DE Chancery
     Court Judge Leo Strine's decision on Monday "essentially
     concluded" that the shareholders "achieved their desired
     result, considering the value of the sale" to Kroenke.  The
     suit did not seek monetary damages, but Strine did approve
     $4M to cover legal fees and costs that shareholders "racked
     up challenging" the sale to the Lauries (BLOOMBERG, 12/21).