From cyclingnews.com
US Postal Service leader Lance Armstrong has returned to the United States following the Dauphiné Libéré to participate in a team press conference outside Washington, DC. Tuesday at 3pm (EDT) an announcement will be made at the Silver Spring, Maryland headquarters of Discovery Communications, a global media company which owns several cable television networks including the Discovery Channel, TLC, and Travel Channel.
US Postal Service team officials declined to comment on the nature of the announcement, but the location and timing suggest that Discovery Communications could be taking over as title sponsor for the team after the postal service's contract expires at the end of 2004. Armstrong himself has commented in recent weeks that if a new sponsor were found to continue the team in its current structure, he would continue racing in 2005.
John S. Hendricks, founder and CEO of Discovery Communications, is an avid sports fan and in 1999 formed the Women's United Soccer Association (WUSA), the premier women's soccer league in the world. Hendricks has served as Chairman of the Board of Governors of WUSA.
Cyclingnews will have full coverage of the announcement on Tuesday.