June 7, 2000 |
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.
April 12, 2001 |
News Corp. has finalized a pact to sell a Salt Lake City television station to gain regulatory approval for its purchase of Chris-Craft Industries Inc., U.S. antitrust enforcers said. News Corp., which owns Fox television network and 23 U.S. television stations, had foreshadowed the sale in January when it announced that the Department of Justice had closed its investigation into the proposed $5.3-billion deal.
February 12, 1998 |
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."
May 31, 2001 |
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.
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.
April 6, 2001 |
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.