Market Cool to Comsat Sports Push

From: Chicago Sun-Times | Date: May 31, 1995| Author: JAMES F. PELTZ | Copyright information
Comsat plans to move the Quebec Nordiques (left) to Denver, where they and the Denver Nuggets will both play in a new $132 million arena being built by Comsat and billionaire Philip Anshutz.

Comsat Corp. may have made its reputation in outer space, but it is placing a good part of its future on the ice.

A longtime provider of global communications services via satellites, Comsat agreed to buy the National Hockey League's Quebec Nordiques for $75 million last week.

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