Word: chris
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Dates: during 1980-1989
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Warner Chairman Steven Ross did not wait for the Australian to make his next move. Two weeks ago, he struck up a partnership with Chris-Craft Industries that seemed tailor-made to thwart a Murdoch takeover bid. The agreement calls for Chris-Craft, a diversified New York-based manufacturer of boat engines, plastic products and chemicals, with fiscal 1983 revenues of $84.4 million and profits of $3.99 million, to acquire about 25% of Warner's stock. In return, Warner would gain a 42.5% stake in a Chris-Craft subsidiary that owns two television stations and interests in four others...
...that deal goes through and Murdoch then tries to take over Warner, he might run afoul of any number of federal laws and regulations. One is the Communications Act of 1934, which prohibits foreign ownership of broadcast licenses. Moreover, one of the Chris-Craft stations is in San Antonio, where Murdoch has two newspapers, and the Federal Communications Commission frowns on a company's owning both broadcast and print media in the same locale...
Ross seemed to have sandbagged Murdoch. But then the press lord asked the FCC last week to review the partnership proposed by Warner and Chris-Craft, arguing that if the two companies joined forces, they would illegally own both cable-TV networks and direct-broadcast stations in some cities...
...hockey's equivalent of a pitcher's battle, Blair nearly gave in first. With nine seconds left on Providence's first power play, Japes Orlando took a slapshot. Blair didn't see the puck until it was in his net. But referee Chris Holden disallowed the goal because a Friar was standing in the crease...
...Domenic Campedelli (Jim Chisholm, Ed Rausao) 1-34, H Rob Ohno (Rob Wheeler) 16 01. B.C. Neil Shea (Scott Harlow. Kevin Stephens) 19 22. B.C. Chris Delaney (Stevens Kevin Houle...