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.
July 23, 2001 |
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.
May 3, 2001 |
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.
March 17, 2000 |
Barry Diller's USA Networks Inc. and Chris-Craft Industries Inc. are in discussions to become partners in the UPN television network, according to sources close to the companies. UPN could be Diller's best chance for reentering the network business after losing out on both CBS and NBC, which he tried to buy almost two years ago. Diller is credited with building the Fox Television Network for Rupert Murdoch.