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The Nation

March 28, 1985

White House spokesman Larry Speakes said that he saw no problem with CIA Director William J. Casey's holding possibly $6-million worth of stock in a media conglomerate outside the blind trust set up for his investments. Speakes refused to say, however, whether Casey should now put his Capital Cities Communications Inc. stock into the blind trust, as the company is in the process of effecting a $3.5-billion takeover of American Broadcasting Co. Inc. ABC has been the subject of a CIA complaint to the Federal Communications Commission over the network's news reporting. "That's not a judgment that I'm required to make," Speakes said. "It's one for the Office of Government Ethics."

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