News Corp, which is controlled by Murdoch, owns the Fox television network and 22 U.S. television stations, while Chris-Craft owns 10 television stations.
News Corp agreed to pay $85 a share for Chris-Craft and its BHC Communications and United Television subsidiaries.
New York-based Chris-Craft has an 80% stake in BHC, which operates six very high-frequency television stations and four ultra high frequency television stations. BHC has a 58% stake in United Television.
Chris-Craft earlier this year sold its 50% stake in the UPN television network to Viacom, which owns the other half.
News Corp. outbid media rival Viacom, which abruptly announced on Friday it had ended takeover talks with Chris-Craft, sending Chris-Craft shares down 8, or about 11%, to close at 62.
THE COUNT: COLDPLAY IS HOT, COUNTRY'S COOKIN' IN THE U.K.
The latest tidbits from the bustling live sector (3/29a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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