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November 6, 2000
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PSINET SAYS IT WILL KEEP STADIUM NAME DESPITE LOSSES

          VA-based PSINet reported a third quarter loss of $1.38B
     last week, but company execs say that it is "too soon to
     say" whether the "travails" of the company will affect the
     company's naming rights agreement at Ravens' stadium,
     according to William Patalon III, of the Baltimore SUN. 
     PSINet Senior VP/Corporate Marketing & Communications Robert
     Leahy: "As the guy who cut that deal, who sees the 3 1/2
     million people who drive by that stadium on I-95, who
     finally got CBS to wake up and use the stadium's proper
     name, and who sees that the Army-Navy game is going to be
     played there, the last thing I want to do is to relinquish
     the naming rights."  When asked how the financial problems
     of PSINet might affect the partnership with the team, Ravens
     VP/PR Kevin Byrne said, "It's a private matter between two
     companies."  While PSINet said late last week it will look
     to reduce some of the company's assets, Leahy said that the
     stadium naming rights "will not be among those assets that
     get sold."  Leahy: "Though we were criticized for what we
     paid at the time, the value of those rights has probably
     gone up since then" (Baltimore SUN, 11/4).   


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