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Continental Airlines opt out of arena deal

News Type: Event — Seeded on Wed Aug 22, 2007 5:23 PM EDT
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Continental Airlines Inc. has decided to opt out of its deal for its name to appear on the home of the NBA's New Jersey Nets and the NHL's New Jersey Devils, the arena's owner said Tuesday.

The Meadowlands building has been called Continental Airlines Arena for 12 years, but the New Jersey Sports and Exposition Authority said it is hunting for a new company to put its name on what is now Continental Airlines Arena.

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