In 2016 a rebranded Monumental Sports Network was launched for digital, mobile and over-the-top platforms. In January 2013, Monumental Sports & Entertainment launched Monumental Network, a digital platform that serves as a hub for Washington's sports and entertainment news. #CAPS WIZARD TICKETS PROFESSIONAL#Formed in 2010 by a merger between Leonsis' Lincoln Holdings with Washington Sports & Entertainment, Monumental Sports & Entertainment is the only privately held company in a top-10 market to own and operate five professional sports teams and a major arena. and manages the MedStar Capitals Iceplex and George Mason University's EagleBank Arena. Monumental Sports additionally owns the Capital One Arena in Washington, D.C. Leonsis is the founder, majority owner, chairman and CEO of Monumental Sports & Entertainment, which owns the NHL's Washington Capitals, NBA's Washington Wizards, NBA G League's Capital City Go-Go, WNBA's Washington Mystics, and formerly the AFL's Washington Valor and Baltimore Brigade. As of 2014, he serves as vice chairman emeritus of AOL. He held numerous positions at AOL during his years there, completing his tenure and retiring in 2006 as the audience group's president and vice-chairman. Under his leadership, AOL increased its membership from under 800,000 members to over 8 million, while their annual revenue increased from $100 million to $1.5 billion. When the organization was acquired by America Online (AOL) in 1994, Leonsis began working with AOL as a senior executive, remaining with the company for 13 years. In 1987, Leonsis established the marketing communications company, Redgate Communications Corporation. Two years later, he sold the company to Thomson Reuters for $40 million netting him $20 million. The first issue of the magazine was published in 1982, and was a huge success $50,000 worth of copies were sold near cash registers, bookstores, and newsstands. He raised $1 million in seed capital with his partner Vincent Pica. His first venture was publishing LIST, a technology magazine that focused on the then-new personal computing industry. Leonsis left Harris Corporation in March 1981 when, at the age 25, he moved to Florida and began his first business venture. Leonsis speaking to the Tech Council of Maryland LIST Magazine After graduating from college, he then moved back to his parents' home in Lowell and began working for Wang Laboratories as a corporate communications manager and Harris Corp. #CAPS WIZARD TICKETS SOFTWARE#Also during college, Leonsis, with encouragement from a mentor, Reverend Joseph Durkin, used computers and primitive punch cards to his thesis where it introduced him to the potential fortunes that were to be made in the emerging software and personal computer industries of the early 1980s. He was first in his family to go to university, where he attended Georgetown University to pursue his undergraduate studies majoring in American Studies, and graduated in 1977 at the top of his class. He attended Brooklyn Technical High School, before moving to Lowell, Massachusetts, where he graduated from Lowell High School in 1973. Impressed by Leonsis, he helped Leonsis gain admission into Georgetown University. One day when mowing, he stumbled upon mowing the lawn owned by a wealthy stockbroker and Georgetown alumnus named Jim Shannon. During his youth, Leonsis mowed lawns for extra money. Leonsis also reflects on his working-class roots that being a grocery store manager was all his dad aspired him to be. When his high school guidance counselor evaluated his skill set, the counselor concluded that young Ted was destined to work in a grocery store. Born to a family of working-class Greek immigrant parents and grandparents who were mill workers, who worked as a waiter and a secretary. Leonsis was born on January 8, 1957, in the Brooklyn borough of New York City. 2.5 Revolution Money and Clearspring Technologies.2.3.6 Washington Valor and Baltimore Brigade.
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