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): December 22, 1997         
     
                     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 December 22, 1997, Ascent Entertainment Group, Inc. ("Ascent") completed 
the sale of $225,000,000 principal amount at maturity of Senior Secured 
Discount Notes due 2004 (the "Senior Notes").  The issue price of the Senior 
Notes, which mature on December 15, 2004, was $562.95 per $1,000 principal 
amount at maturity (generating approximately $127 million in aggregate gross 
proceeds), representing a yield to maturity of 11.875% computed on a 
semi-annual bond equivalent basis from the date of issuance.  Cash interest 
will not accrue on the Senior Notes prior to December 15, 2002.  Commencing 
December 15, 2002, cash interest on the Senior Notes will accrue and 
thereafter will be payable on June 15 and December 15 of each year (commencing 
June 15, 2003) at a rate of 11.875% per annum.  The Senior Notes are 
redeemable, at the option of Ascent at any time, in whole or in part, on or 
after December 15, 2001, at specified redemption prices plus accrued and 
unpaid interest.  In addition, at any time prior to December 15, 2000, Ascent 
may redeem up to 35% of the originally issued principal amount at maturity of 
the Senior Notes with the net cash proceeds of one or more sales of its 
capital stock at a redemption price equal to 111.875%  of the accreted value 
thereof to the redemption date.   The Senior Notes are senior secured 
indebtedness of Ascent, secured by a pledge of all of the capital stock of 
Ascent's majority-owned subsidiary, On Command Corporation ("OCC") now owned 
or hereafter acquired by Ascent.  The Senior Notes rank senior to all existing 
and future subordinated indebtedness of Ascent and pari passu in right of 
payment to all unsubordinated indebtedness of Ascent.  

Net proceeds from the offering and sale of the Senior Notes of approximately 
$121 million will be used to repay outstanding indebtedness under Ascent's 
existing credit facility with NationsBank of Texas, N.A., as Administrative 
Agent (the "Agent"), and Ascent has entered into a new five year $50 million 
credit facility with the Agent, secured by the pledge of all of the capital 
stock of Ascent's subsidiaries other than OCC.  

The Senior Notes were issued in a private placement and have not been 
registered with the Securities and Exchange Commission (the "Commission") 
under the Securities Act of 1933 (the "Securities Act"), and may not be 
offered or sold in the United States absent registration or an applicable 
exemption from registration requirements.  In connection with the issuance of 
the Senior Notes, Ascent has agreed to file with the Commission and use its 
best efforts to cause to become effective a registration statement with 
respect to a registered offer to exchange the then outstanding Senior Notes 
for Senior Notes of equal value that have been registered pursuant to the 
Securities Act (the "Exchange Offer").  In the event that such registration 
statement is not filed or declared effective or the Exchange Offer is not 
consummated prior to specified dates, additional interest on the Senior Notes
will accrue until the Exchange Offer is consummated or certain other 
requirements are met.

     A copy of the press release announcing the consummation of the offer and 
sale of the Senior Notes is attached hereto as Exhibit 20.1 and incorporated 
herein by reference.

Item 7.     FINANCIAL STATEMENTS AND EXHIBITS

     (c)    Exhibits (listed according to the number assigned in Item 601 of 
Regulation S-K).


     EXHIBIT NO.        DESCRIPTION
     20.1               Press Release dated December 22, 1997.

                               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: December 23, 1997
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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): December 22, 1997         
     
                     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 December 22, 1997, Ascent Entertainment Group, Inc. ("Ascent") completed 
the sale of $225,000,000 principal amount at maturity of Senior Secured 
Discount Notes due 2004 (the "Senior Notes").  The issue price of the Senior 
Notes, which mature on December 15, 2004, was $562.95 per $1,000 principal 
amount at maturity (generating approximately $127 million in aggregate gross 
proceeds), representing a yield to maturity of 11.875% computed on a 
semi-annual bond equivalent basis from the date of issuance.  Cash interest 
will not accrue on the Senior Notes prior to December 15, 2002.  Commencing 
December 15, 2002, cash interest on the Senior Notes will accrue and 
thereafter will be payable on June 15 and December 15 of each year (commencing 
June 15, 2003) at a rate of 11.875% per annum.  The Senior Notes are 
redeemable, at the option of Ascent at any time, in whole or in part, on or 
after December 15, 2001, at specified redemption prices plus accrued and 
unpaid interest.  In addition, at any time prior to December 15, 2000, Ascent 
may redeem up to 35% of the originally issued principal amount at maturity of 
the Senior Notes with the net cash proceeds of one or more sales of its 
capital stock at a redemption price equal to 111.875%  of the accreted value 
thereof to the redemption date.   The Senior Notes are senior secured 
indebtedness of Ascent, secured by a pledge of all of the capital stock of 
Ascent's majority-owned subsidiary, On Command Corporation ("OCC") now owned 
or hereafter acquired by Ascent.  The Senior Notes rank senior to all existing 
and future subordinated indebtedness of Ascent and pari passu in right of 
payment to all unsubordinated indebtedness of Ascent.  

Net proceeds from the offering and sale of the Senior Notes of approximately 
$121 million will be used to repay outstanding indebtedness under Ascent's 
existing credit facility with NationsBank of Texas, N.A., as Administrative 
Agent (the "Agent"), and Ascent has entered into a new five year $50 million 
credit facility with the Agent, secured by the pledge of all of the capital 
stock of Ascent's subsidiaries other than OCC.  

The Senior Notes were issued in a private placement and have not been 
registered with the Securities and Exchange Commission (the "Commission") 
under the Securities Act of 1933 (the "Securities Act"), and may not be 
offered or sold in the United States absent registration or an applicable 
exemption from registration requirements.  In connection with the issuance of 
the Senior Notes, Ascent has agreed to file with the Commission and use its 
best efforts to cause to become effective a registration statement with 
respect to a registered offer to exchange the then outstanding Senior Notes 
for Senior Notes of equal value that have been registered pursuant to the 
Securities Act (the "Exchange Offer").  In the event that such registration 
statement is not filed or declared effective or the Exchange Offer is not 
consummated prior to specified dates, additional interest on the Senior Notes
will accrue until the Exchange Offer is consummated or certain other 
requirements are met.

     A copy of the press release announcing the consummation of the offer and 
sale of the Senior Notes is attached hereto as Exhibit 20.1 and incorporated 
herein by reference.

Item 7.     FINANCIAL STATEMENTS AND EXHIBITS

     (c)    Exhibits (listed according to the number assigned in Item 601 of 
Regulation S-K).

     EXHIBIT NO.        DESCRIPTION
     20.1               Press Release dated December 22, 1997.

                               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: December 23, 1997