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Comcast Unit Declares Spectrum's End Is Near

With all the debate about whether cable operators will have enough spectrum for Docsis 3.0 and loads of high-definition, how ironic is it that Comcast Corp. (Nasdaq: CMCSA, CMCSK) has a corporate link to the company tasked with razing the Spectrum in Philadelphia?

Ed Snider, the chairman of Comcast-Spectacor, a division that owns the 42-year-old arena and its property rights, declared in a statement today that "this will be the final year of the Spectrum."

The Spectrum, the former home of the Philadelphia Flyers and Sixers, will close at the conclusion of the upcoming 2008-2009 hockey and soccer seasons. The center is reportedly being shoved aside to make room for a proposed project called Philly Live! that will contain a hotel, condos, shops, restaurants, and other attractions.

"The Spectrum is my baby. It's one of the greatest things that has ever happened to me, but after a lot of thinking and discussions, we all felt it is in our best interest to close the Spectrum at the conclusion of the upcoming 2008-09 Philadelphia Phantoms and Kixx seasons," Snider said.

Comcast-Spectacor hasn't settled on whether the building will be imploded or will come down via other means.

— Jeff Baumgartner, Site Editor, Cable Digital News

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