Nuggets, Avalanche to Launch Network

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The owners of the National Basketball Association’s Denver Nuggets and the National Hockey League’s Colorado Avalanche will launch a new regional sports network this fall, sources close to the situation said.

Kroenke Sports Enterprises is scheduled to announce the new venture at a press conference Monday. Kroenke turned down a "substantial" offer from current rights holder Fox Sports Net Rocky Mountain to keep the teams on the network, according to sources.

Former FSN executive vice president of business operations Jim Martin will head the new venture.

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