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                     LIBERTY MEDIA SIGNS MERGER AGREEMENT
                        WITH ASCENT ENTERTAINMENT GROUP

DENVER, COLORADO, February 22, 2000-- Liberty Media Corporation (NYSE: LMG.A,
LMG.B) and Ascent Entertainment Group, Inc. (Nasdaq: GOAL) announced today that
they have entered into a definitive merger agreement under which Liberty Media
will acquire Ascent Entertainment.  Under the merger agreement, Ascent
stockholders will receive $15.25 in cash per share of Ascent Entertainment
Common Stock.  The stock closed at $10.13 last Friday, February 18, 2000.

The total cost of the acquisition of Ascent's shares will be approximately $460
million, with a total transaction value, including assumed or refinanced debt,
of approximately $755 million.  Following the acquisition, Liberty will continue
the process of finding a suitable buyer for the Pepsi Center, as well as the
professional sports teams included in the assets currently owned by Ascent.

"We are delighted to have agreed on terms for the purchase of Ascent
Entertainment," said Gary S. Howard, Liberty's Executive Vice President and
Chief Operating Officer.  "From a corporate perspective, Liberty has had a long-
term interest in the consumer access offered through On Command Corporation's
(Nasdaq: ONCO) service.  When completed, the purchase of Ascent will provide us
with a majority ownership position in that company.  Given our extensive
relationships in video programming, interactive television and high speed data
services, the acquisition of On Command will position us perfectly to offer even
better and more comprehensive services for business and recreational travelers.

"Like Ascent, we are a company with headquarters in Colorado.  And, like Ascent,
we are committed to finding an ownership group for the Pepsi Center, the
Avalanche and the Nuggets that is committed to giving our sports community teams
that play at a championship level.  We will continue that process until the
right group is identified and a deal can be consummated.  Until that time, we
will continue to run our sports operations under the very able stewardship of
Don Elliman, Pierre Lacroix and Dan Issel."

In accordance with the merger agreement, Liberty expects to commence on or prior
to February 28, 2000, a tender offer for all shares of stock of Ascent at a net
cash price of $15.25 per share of Ascent Common Stock.  The tender offer will be
conditioned on the tender of at least a majority of the Ascent shares, as well
as other customary conditions.  J.P. Morgan will act as dealer manager for the
tender offer.

If a majority of the Ascent shares are purchased in the tender offer, it is
expected that a corporation controlled by Liberty will merge with Ascent, with
any remaining shares of Ascent converted into cash at the same price as offered
in the tender offer. The merger is expected to close in the second quarter of
2000.
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Ascent's Board of Directors has received an opinion letter from Donaldson,
Lufkin & Jenrette Securities Corporation that the consideration to be received
by Ascent's shareholders pursuant to the transaction is fair to such
shareholders from a financial point of view.

Liberty Media holds interests in a broad range of video programming,
communications, technology and internet businesses in the United States, Europe,
South America and Asia.

Ascent Entertainment's principal business is providing pay-per-view
entertainment and information services through its majority-owned On Command
Corporation.  In addition, Ascent provides satellite service and maintenance to
the NBC television network in connection with its distribution of its national
television feed to its local affiliates.  The company also is the owner of the
National Basketball Association's Denver Nuggets, the National Hockey League's
Colorado Avalanche, and the Pepsi Center, the new, state of the art
entertainment facility which is home to both the Nuggets and Avalanche.

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     Investors and security holders are advised to read both the tender offer
statement and the solicitation/recommendation statement regarding the tender
offer referred to in this press release, when they become available, because
they will contain important information.  The tender offer statement will be
filed by Liberty Media Corporation with the Securities and Exchange Commission,
and the solicitation/recommendation statement will be filed with the Commission
by Ascent Entertainment Group, Inc.  Investors and security holders may obtain a
free copy of these statements (when available) and other documents filed by
Liberty Media Corporation and Ascent Entertainment Group, Inc. with the
Commission at the Commission's web site at www.sec.gov.  The tender offer
statement and related offering materials may be obtained for free from Liberty
Media Corporation by directing such request to:  Liberty Media Corporation, 9197
S. Peoria Street, Englewood, Colorado 80112, Attention:  Vivian J. Carr,
telephone:  (720) 875-5406, e-mail: vivian@libertymedia.com.  The
solicitation/recommendation statement and such other documents may also be
obtained for free from Ascent Entertainment Group, Inc. by directing such
request to:  Ascent Entertainment Group, Inc., 1225 Seventeenth Street, Suite
1800, Denver, Colorado 80202, Attention:  Arthur M. Aaron, telephone:  (303)
308-7040, e-mail:  aaron@ascentent.com.

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CONTACT:    Liberty Media    Ascent Entertainment
            Vivian Carr      Media Contact:  Arthur M. Aaron
            720-875-5406     303-308-7040
                             Investor Contact:  David A. Holden
                             303-308-7033