Liberty invests in Colo. sports plex

NEW YORK — Civic pride came to the fore Wednesday when John Malone’s Denver-based Liberty Media agreed to invest $15 million in the Pepsi Center, a new arena to be built by 1999 to house the Colorado Avalanche pro hockey team and the pro basketball Denver Nuggets.

As part of Liberty’s $15 million investment, the two pro teams have signed a seven-year agreement that kicks off in the 1997-98 season and gives exclusive over-the-air and cable-TV rights to Fox Sports Rocky Mountain, the regional sports network jointly owned by Malone and Rupert Murdoch. The contract calls for the taping of 65 regular-season games of each team during the season, plus “all available playoff games.”

More Biz

  • Russell Simmons

    Russell Simmons Accused of Sexual Misconduct By Eight Women

    NEW YORK — Civic pride came to the fore Wednesday when John Malone’s Denver-based Liberty Media agreed to invest $15 million in the Pepsi Center, a new arena to be built by 1999 to house the Colorado Avalanche pro hockey team and the pro basketball Denver Nuggets. As part of Liberty’s $15 million investment, the […]

  • Disney-Fox Deal: Uncertainty, Anxiety Heighten as

    Disney-Fox: Shock, Fear and Uncertainty Heighten in Face of Impending Mega Deal

    NEW YORK — Civic pride came to the fore Wednesday when John Malone’s Denver-based Liberty Media agreed to invest $15 million in the Pepsi Center, a new arena to be built by 1999 to house the Colorado Avalanche pro hockey team and the pro basketball Denver Nuggets. As part of Liberty’s $15 million investment, the […]

  • Ryan Wiik photographed at his home

    Norwegian Cowboy Actor Settles Lawsuit Against Ex-Lover

    NEW YORK — Civic pride came to the fore Wednesday when John Malone’s Denver-based Liberty Media agreed to invest $15 million in the Pepsi Center, a new arena to be built by 1999 to house the Colorado Avalanche pro hockey team and the pro basketball Denver Nuggets. As part of Liberty’s $15 million investment, the […]

  • Obit Obituary Placeholder

    Entertainment Attorney Arnold Burk Dies at 85

    NEW YORK — Civic pride came to the fore Wednesday when John Malone’s Denver-based Liberty Media agreed to invest $15 million in the Pepsi Center, a new arena to be built by 1999 to house the Colorado Avalanche pro hockey team and the pro basketball Denver Nuggets. As part of Liberty’s $15 million investment, the […]

  • WME

    Marcus Levy, Amy Lynch and Andrew Russell Join WME's Comedy Touring Department

    NEW YORK — Civic pride came to the fore Wednesday when John Malone’s Denver-based Liberty Media agreed to invest $15 million in the Pepsi Center, a new arena to be built by 1999 to house the Colorado Avalanche pro hockey team and the pro basketball Denver Nuggets. As part of Liberty’s $15 million investment, the […]

  • Meet those who spoke out on

    Meet Some of the People Who Came Out Against Weinstein, Ratner and More

    NEW YORK — Civic pride came to the fore Wednesday when John Malone’s Denver-based Liberty Media agreed to invest $15 million in the Pepsi Center, a new arena to be built by 1999 to house the Colorado Avalanche pro hockey team and the pro basketball Denver Nuggets. As part of Liberty’s $15 million investment, the […]

  • Misogyny in Hollywood Makes Talented Women

    For Some Women, Hollywood's Culture of Inequality Is Too Much to Bear

    NEW YORK — Civic pride came to the fore Wednesday when John Malone’s Denver-based Liberty Media agreed to invest $15 million in the Pepsi Center, a new arena to be built by 1999 to house the Colorado Avalanche pro hockey team and the pro basketball Denver Nuggets. As part of Liberty’s $15 million investment, the […]

More From Our Brands

Access exclusive content