SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K


                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934




Date   of   report   (Date   of   earliest   event   reported):   November   15,
1996


                        ASCENT ENTERTAINMENT GROUP, INC.
             (Exact name of registrant as specified in its charter)


   Delaware                         0-27192              52-1930707
(State or other jurisdiction of   (Commission        (I.R.S. Employer
incorporation or organization)     File No.)          Identification No.)



                                One Tabor Center
                       1200 Seventeenth Street, Suite 2800
                             Denver, Colorado 80202
                    (Address of principal executive offices)


                                (303) 626-7000
             (Registrant's telephone number, including area code)


<PAGE>







Item 5.     Other Events

On November 15, 1996, COMSAT  Corporation  ("COMSAT")  consented to increase the
limitation on consolidated  indebtedness which Ascent  Entertainment Group, Inc.
("Ascent" or the "Company") may incur pursuant to the Corporate  Agreement dated
December 18, 1995 (the "Corporate  Agreement") between Ascent and COMSAT to $236
million;  provided that: (i) no more than $50 million of such  indebtedness  may
constitute  long  term  debt;  and  (ii)  indebtedness  in  excess  of  Ascent's
indebtedness  existing at December 31, 1996 may only be used to satisfy Ascent's
consolidated  funding  requirements  through June 30,  1997,  as approved by the
Ascent Board of Directors.

In the Corporate Agreement,  Ascent agreed not to incur any indebtedness,  other
than that under Ascent's  previous $175 million  revolving  credit facility (and
refinancings  thereof)  and  indebtedness  incurred  in the  ordinary  course of
business which together shall not exceed $175 million in the aggregate,  without
COMSAT's  consent.  In September  1996, in connection with the combination of On
Command  Video  Corporation  ("OCV") and the assets and certain  liabilities  of
SpectraVision, Inc. into On Command Corporation ("OCC"), and in consideration of
Ascent's other capital requirements,  COMSAT consented to permit Ascent to incur
consolidated  indebtedness (including indebtedness of OCC) of up to $216 million
under the Corporate  Agreement,  provided  that: (i) no more than $50 million of
such  indebtedness may be constitute long term debt.;  and (ii)  indebtedness in
excess of $175 million may only be incurred to satisfy funding  requirements for
1996. At that time,  COMSAT also consented to Ascent  entering into a new credit
facility with  aggregate  available  borrowings  of up to $200 million,  and OCC
entering into a $125 million credit facility, both as previously disclosed.

Also in connection with the  SpectraVision  transaction,  Ascent and OCC entered
into a Corporate  Agreement (the "OCC Corporate  Agreement"),  pursuant to which
OCC agreed, among other things, not to incur any indebtedness,  other than under
OCC's credit facility (and  refinancings  thereof) and indebtedness  incurred in
the ordinary  course of business which together shall not exceed $100 million in
the aggregate, without Ascent's prior written consent.

     As part of Ascent's 1997  operating and capital  planning  process,  Ascent
management  requested that COMSAT  increase its debt limit  beginning in January
1997, which resulted in the increase described above. Ascent management believes
that the $236  million  aggregate  limit and  related  restrictions  on Ascent's
consolidated  indebtedness will be adequate to fund its consolidated  operations
through mid-1997.  A number of factors could cause Ascent's funding requirements
to differ  materially from those projected,  including,  but not limited to, the
operating performance of Ascent's  subsidiaries,  unanticipated costs associated
with the  integration  of  SpectraVision's  and OCV's  businesses,  the level of
ticket sales and other revenues by Ascent's professional sports franchises,  the
timing of film productions and releases,  and other market conditions.  In early
1997,  it will be necessary  for Ascent to seek approval from COMSAT to increase
its debt limit to meet Ascent's  consolidated  operating and capital commitments
for the second half of 1997. However, there can be no assurance that COMSAT will
approve the increase in Ascent's debt limit requested by Ascent  management,  or
any  increase.  If Ascent  were unable to obtain  approval to increase  its debt
limit,  Ascent  would be  required  to  reduce  or  reschedule  planned  capital
investments,  reduce cash outlays,  reduce debt, sell assets or sell equity, and
it is highly unlikely that Ascent would approve an increase in OCC's debt limit.
If OCC's  debt  limit  were not  increased,  OCC may be  required  to  reduce or
reschedule planned capital investments,  reduce cash outlays,  reduce debt, sell
assets or sell equity.


<PAGE>








                                   SIGNATURES




          Pursuant to the  requirements  of the  Securities  and Exchange Act of
1934,  the  Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.



Ascent Entertainment Group, Inc.






By:/s/ Arthur M. Aaron
Arthur M. Aaron
Vice President, Business and Legal Affairs


Date: November 27, 1996



L:\Aaron\form8k.1125
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SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

Date   of   report   (Date   of   earliest   event   reported):   November   15,
1996

                        ASCENT ENTERTAINMENT GROUP, INC.
             (Exact name of registrant as specified in its charter)

   Delaware                         0-27192              52-1930707
(State or other jurisdiction of   (Commission        (I.R.S. Employer
incorporation or organization)     File No.)          Identification No.)

                                One Tabor Center
                       1200 Seventeenth Street, Suite 2800
                             Denver, Colorado 80202
                    (Address of principal executive offices)

                                (303) 626-7000
             (Registrant's telephone number, including area code)
Item 5.     Other Events

On November 15, 1996, COMSAT  Corporation  ("COMSAT")  consented to increase the
limitation on consolidated  indebtedness which Ascent  Entertainment Group, Inc.
("Ascent" or the "Company") may incur pursuant to the Corporate  Agreement dated
December 18, 1995 (the "Corporate  Agreement") between Ascent and COMSAT to $236
million;  provided that: (i) no more than $50 million of such  indebtedness  may
constitute  long  term  debt;  and  (ii)  indebtedness  in  excess  of  Ascent's
indebtedness  existing at December 31, 1996 may only be used to satisfy Ascent's
consolidated  funding  requirements  through June 30,  1997,  as approved by the
Ascent Board of Directors.

In the Corporate Agreement,  Ascent agreed not to incur any indebtedness,  other
than that under Ascent's  previous $175 million  revolving  credit facility (and
refinancings  thereof)  and  indebtedness  incurred  in the  ordinary  course of
business which together shall not exceed $175 million in the aggregate,  without
COMSAT's  consent.  In September  1996, in connection with the combination of On
Command  Video  Corporation  ("OCV") and the assets and certain  liabilities  of
SpectraVision, Inc. into On Command Corporation ("OCC"), and in consideration of
Ascent's other capital requirements,  COMSAT consented to permit Ascent to incur
consolidated  indebtedness (including indebtedness of OCC) of up to $216 million
under the Corporate  Agreement,  provided  that: (i) no more than $50 million of
such  indebtedness may be constitute long term debt.;  and (ii)  indebtedness in
excess of $175 million may only be incurred to satisfy funding  requirements for
1996. At that time,  COMSAT also consented to Ascent  entering into a new credit
facility with  aggregate  available  borrowings  of up to $200 million,  and OCC
entering into a $125 million credit facility, both as previously disclosed.

Also in connection with the  SpectraVision  transaction,  Ascent and OCC entered
into a Corporate  Agreement (the "OCC Corporate  Agreement"),  pursuant to which
OCC agreed, among other things, not to incur any indebtedness,  other than under
OCC's credit facility (and  refinancings  thereof) and indebtedness  incurred in
the ordinary  course of business which together shall not exceed $100 million in
the aggregate, without Ascent's prior written consent.

     As part of Ascent's 1997  operating and capital  planning  process,  Ascent
management  requested that COMSAT  increase its debt limit  beginning in January
1997, which resulted in the increase described above. Ascent management believes
that the $236  million  aggregate  limit and  related  restrictions  on Ascent's
consolidated  indebtedness will be adequate to fund its consolidated  operations
through mid-1997.  A number of factors could cause Ascent's funding requirements
to differ  materially from those projected,  including,  but not limited to, the
operating performance of Ascent's  subsidiaries,  unanticipated costs associated
with the  integration  of  SpectraVision's  and OCV's  businesses,  the level of
ticket sales and other revenues by Ascent's professional sports franchises,  the
timing of film productions and releases,  and other market conditions.  In early
1997,  it will be necessary  for Ascent to seek approval from COMSAT to increase
its debt limit to meet Ascent's  consolidated  operating and capital commitments
for the second half of 1997. However, there can be no assurance that COMSAT will
approve the increase in Ascent's debt limit requested by Ascent  management,  or
any  increase.  If Ascent  were unable to obtain  approval to increase  its debt
limit,  Ascent  would be  required  to  reduce  or  reschedule  planned  capital
investments,  reduce cash outlays,  reduce debt, sell assets or sell equity, and
it is highly unlikely that Ascent would approve an increase in OCC's debt limit.
If OCC's  debt  limit  were not  increased,  OCC may be  required  to  reduce or
reschedule planned capital investments,  reduce cash outlays,  reduce debt, sell
assets or sell equity.
SIGNATURES

          Pursuant to the  requirements  of the  Securities  and Exchange Act of
1934,  the  Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

Ascent Entertainment Group, Inc.

By:/s/ Arthur M. Aaron
Arthur M. Aaron
Vice President, Business and Legal Affairs

Date: November 27, 1996

L:\Aaron\form8k.1125