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BUSINESS
July 23, 2001 | Washington Post
Federal regulators are expected this week to approve News Corp.'s $5.35-billion purchase of Chris-Craft Industries Inc.'s 10 television stations--waiving government rules that would have prevented the deal, sources said. The purchase was announced last August, but Democrats on the Federal Communications Commission have resisted approving the deal out of concern it would allow media mogul Rupert Murdoch's company to exceed agency limits on the reach of media companies.
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BUSINESS
June 7, 2000 | Bloomberg News
Shares of Chris-Craft Industries Inc. rose as much as 11% after a report that Viacom Inc., owner of CBS Corp., has renewed talks to buy the company's TV station group. Chris-Craft jumped $5.88 to close at $67.81 and Viacom shares fell $1.69 to close at $64.06, both on the NYSE. . The Wall Street Journal reported the new talks Tuesday. Viacom declined to comment. Chris-Craft wasn't immediately available. Chris-Craft's 10 TV stations, which analysts and investors predict could fetch about $3.
BUSINESS
May 31, 2001 | Reuters
The Federal Communications Commission will take weeks to complete its review of media titan News Corp.'s bid to acquire Chris-Craft Industries Inc. to allow three new commissioners to get up to speed, the agency's chief said Wednesday. The deal lacked enough support on the previous commission to win final approval. Two Republicans, Kathleen Abernathy and Kevin Martin, and one Democrat, Michael Copps, were confirmed last week by the Senate as commissioners of the FCC, which has five seats.
BUSINESS
February 12, 1998 | Bloomberg News
Viacom Inc. and Chris-Craft Industries Inc.'s United Paramount Network said it will air an animated prime-time TV program featuring Dilbert, the hapless hero of the comic strip that pokes fun at the corporate world. Dilbert creator Scott Adams and Larry Charles will be executive producers of the show for Columbia TriStar Television. Charles formerly produced "Seinfeld" and "Mad About You." UPN may be trying to duplicate the success News Corp.'s Fox network has had with "The Simpsons."
BUSINESS
January 18, 2001 | From Associated Press
In a deal that helps assure the short-term survival of UPN, the owner of eight major TV stations has renewed its affiliation agreement with the network. Chris-Craft Industries Inc., a former boat builder, said its stations in major markets such as WWOR in New York and KCOP in Los Angeles would carry UPN through this TV season and the next one.
BUSINESS
May 31, 2001 | Reuters
The Federal Communications Commission will take weeks to complete its review of media titan News Corp.'s bid to acquire Chris-Craft Industries Inc. to allow three new commissioners to get up to speed, the agency's chief said Wednesday. The deal lacked enough support on the previous commission to win final approval. Two Republicans, Kathleen Abernathy and Kevin Martin, and one Democrat, Michael Copps, were confirmed last week by the Senate as commissioners of the FCC, which has five seats.
BUSINESS
October 12, 1993
Spotlight on Chris-Craft Industries Inc.: Chief Executive Herbert J. Siegel helped the company post a 12% increase in profit for fiscal 1992, with revenue increasing 17%. Commenting on the possible launch of a fifth TV network, analyst David J. Londoner of Wertheim Schroder said: "They have two unaffiliated stations, one in New York and the other in Los Angeles, plus several stations in other markets.
BUSINESS
April 6, 2001 | CHRISTOPHER STERN, WASHINGTON POST
Federal regulators have told lawyers for Rupert Murdoch's News Corp. that they've temporarily stopped considering his $5.4-billion deal to acquire Chris-Craft Industries Inc. Regulators said they were waiting for more information from News Corp. about the financial condition of its New York Post.
BUSINESS
May 31, 2000 | From Bloomberg News
EchoStar Communications Corp., the second-largest U.S. satellite-television broadcaster, failed to win new contracts from WWOR-TV in New York and stations in three other cities, leaving about 100,000 customers without those channels. WWOR, a UPN affiliate owned by Chris-Craft Industries Inc.; WTVF, a CBS affiliate in Nashville, owned by Landmark Communications Inc.; WFTC, a Clear Channel Communications Inc.
BUSINESS
May 3, 2001 | From Bloomberg News
News Corp., owner of Fox Entertainment Group and the New York Post, faces charges of distorting data as it seeks U.S. approval by a Saturday deadline for its $5-billion purchase of Chris-Craft Industries Inc. A coalition of consumer groups that oppose the merger said News Corp. gave the Federal Communications Commission information about the New York Post's finances that overstated losses as the company seeks a waiver of broadcast-ownership rules.
BUSINESS
April 6, 2001 | CHRISTOPHER STERN, WASHINGTON POST
Federal regulators have told lawyers for Rupert Murdoch's News Corp. that they've temporarily stopped considering his $5.4-billion deal to acquire Chris-Craft Industries Inc. Regulators said they were waiting for more information from News Corp. about the financial condition of its New York Post.
BUSINESS
January 18, 2001 | From Associated Press
In a deal that helps assure the short-term survival of UPN, the owner of eight major TV stations has renewed its affiliation agreement with the network. Chris-Craft Industries Inc., a former boat builder, said its stations in major markets such as WWOR in New York and KCOP in Los Angeles would carry UPN through this TV season and the next one.
ENTERTAINMENT
August 21, 2000 | BRIAN LOWRY and GREG BRAXTON, TIMES STAFF WRITERS
In a business known for preying on weakness, the UPN network has become the latest object for the buzzards to circle--already the butt of one grim joke labeling the 5-year-old enterprise "Dead Network Walking." News Corp.'s surprise deal to acquire the Chris-Craft TV stations--which provide the network's cornerstone, including major affiliates such as KCOP in Los Angeles--has left the future of UPN in doubt, spurring speculation it might be shut down. At present, such assumptions are premature.
BUSINESS
August 12, 2000 | SALLIE HOFMEISTER, TIMES STAFF WRITER
News Corp. has agreed to buy BHC Communications and its 10 Chris-Craft television stations for $5.5 billion in stock and cash, sources said Friday. The deal would move the Rupert Murdoch-controlled company into a tie with Viacom Inc. as the nation's largest station operator, with outlets that reach 40% of American households. The deal, expected to be announced Monday, also would make News Corp. the largest owner of affiliates of the UPN network.
BUSINESS
June 7, 2000 | Bloomberg News
Shares of Chris-Craft Industries Inc. rose as much as 11% after a report that Viacom Inc., owner of CBS Corp., has renewed talks to buy the company's TV station group. Chris-Craft jumped $5.88 to close at $67.81 and Viacom shares fell $1.69 to close at $64.06, both on the NYSE. . The Wall Street Journal reported the new talks Tuesday. Viacom declined to comment. Chris-Craft wasn't immediately available. Chris-Craft's 10 TV stations, which analysts and investors predict could fetch about $3.
BUSINESS
July 23, 2001 | Washington Post
Federal regulators are expected this week to approve News Corp.'s $5.35-billion purchase of Chris-Craft Industries Inc.'s 10 television stations--waiving government rules that would have prevented the deal, sources said. The purchase was announced last August, but Democrats on the Federal Communications Commission have resisted approving the deal out of concern it would allow media mogul Rupert Murdoch's company to exceed agency limits on the reach of media companies.
BUSINESS
May 3, 2001 | From Bloomberg News
News Corp., owner of Fox Entertainment Group and the New York Post, faces charges of distorting data as it seeks U.S. approval by a Saturday deadline for its $5-billion purchase of Chris-Craft Industries Inc. A coalition of consumer groups that oppose the merger said News Corp. gave the Federal Communications Commission information about the New York Post's finances that overstated losses as the company seeks a waiver of broadcast-ownership rules.
BUSINESS
May 31, 2000 | From Bloomberg News
EchoStar Communications Corp., the second-largest U.S. satellite-television broadcaster, failed to win new contracts from WWOR-TV in New York and stations in three other cities, leaving about 100,000 customers without those channels. WWOR, a UPN affiliate owned by Chris-Craft Industries Inc.; WTVF, a CBS affiliate in Nashville, owned by Landmark Communications Inc.; WFTC, a Clear Channel Communications Inc.
NEWS
March 25, 2000 | MARLA CONE, TIMES ENVIRONMENTAL WRITER
The U.S. Environmental Protection Agency plans an unprecedented experiment this summer to cover 180 acres of ocean floor off Palos Verdes Peninsula, a potentially risky effort to deal with the world's largest deposit of the pesticide DDT. The pilot project, in which tons of sand will be dropped into water as deep as 200 feet, is the first tangible step toward resolving a decades-old problem that haunts Southern California's marine environment.
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