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The Bass Group said it discussed a Taft buyout.

March 31, 1987

Taft Broadcasting Co.'s largest shareholder said it has had talks about taking part in a move to take control of the company, already the target of a $1.38-billion buyout bid by its vice chairman. In a filing with the Securities and Exchange Commission, a group led by Fort Worth investor Robert Bass said it held discussions with other Taft stockholders and some company managers and directors. It currently owns a 24.9% stake in the Cincinnati-based operator of cable systems and television stations.

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