CHRIS CRAFT INDUSTRIES INC
4, 1999-12-07
TELEVISION BROADCASTING STATIONS
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FORM 4
[ ]Check box if no longer             U.S. SECURITIES AND EXCHANGE COMMISSION
   subject to Section 16.                      Washington, D.C. 20549
   Form 4 or Form 5 obligations
   may continue.  See Instruc-     STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
   tion 1(b).
       Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
          Section 17(a) of the Public Utility Holding Company Act of 1935 or
                Section 30(f) of the Investment Company Act of 1940
- -------------------------------------------------------------------------------
1. Name and Address of Reporting Person  | 2. Issuer Name and Ticker or Trading
Siegel       John                  C.    |    Symbol
(Last)      (First)             (Middle) |
                                         |    Chris-Craft Industries, Inc.
    650 California St., 7th Floor        |    (CCN)
             (Street)                    | ------------------------------------
                                         | 3. IRS or Social Security Number of
San Francisco        CA           94108  |    Reporting Person (Voluntary)
(City)            (State)         (Zip)  |
- ------------------------------------------------------------------------------
4. Statement of Month/Year | 5. If Amendment, Date of Original (Month/Year)
                           |
   11/99                   |
- -------------------------------------------------------------------------------
6. Relationship of Reporting        | 7. Individual or Joint/Group Filing
   Person to Issuer                 |
   (Check all applicable)           |  x  Form filed by one Reporting Person
                                    | ---
   x  Director            10% Owner |
  ---                 ---           | --- Form filed by more than one
   x  Officer (give       Other     |     Reporting Person
  --- title below)    --- (specify  |
                          below)    |
  Senior Vice President             |
- -------------------------------------------------------------------------------


Table I - Non-Derivative Securties Acquired, Disposed of, or Beneficially Owned
<TABLE>
<CAPTION>
1. Title of security     2.Transaction     3.Transaction      4.Securities       5.Amount of       6.Ownership     7.Nature of
                           Date              Code               Acquired (A)       Securities        Form:           Indirect
                                                                or Disposed        Beneficially      Direct (D)      Beneficial
                                                                of (D)             Owned at End      Indirect (I)    or Ownership
                                                                      (A)          of Month
                                                                       or
                          (Month/Day/Year)   Code   V       Amount    (D)  Price
<S>                       <C>                <C>    <C>     <C>       <C>  <C>       <C>             <C>             <C>
Common Stock              11/11/99           M              6645      A    33.0198   6645            D
                                                                                     15801           I               By trust*
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
FORM  4 (Continued)         Table II-Derivative Securities Acquired, Disposed
                              of, or Beneficially Owned (e.g. puts, calls,
                              warrants, options, convertible securities)
<TABLE>
<CAPTION>
1. Title of               2.Conversion or     3.Transaction  4.Transaction  5.Number of        6.Date
   Derivative               Exercise Price      Date           Code           Derivative         Exercisable
   Security                 of Derivative       (Month/                       Securities         and Expiration
                            Security            Day/Year)                     Acquired (A)       Date
                                                                              or Disposed of    (Month/Day/Year)
                                                                              (D)                Date         Expiration
                                                                Code   V      (A)      (D)       Exercisable  Date
<S>                         <C>                  <C>            <C>    <C>    <C>      <C>       <C>          <C>
Employee stock option
 (Right to buy)             33.0198              11/11/99       M                      6645      12/14/95     12/13/99
<CAPTION>
7.Title and Amount of Under-          8.Price of             9.Number of            10.Ownership     11.Nature
  lying Securities                      Derivative             Derivative              Form of          of
                                        Security               Securities              Derivative       Indirect
                                                               Beneficially            Security:        Beneficial
                                                               Owned at End            Direct (D)       Ownership
                                                               of Month                or
                                                                                       Indirect (I)
                 Number
Title            of Shares
<S>              <C>                    <C>                    <C>                     <C>              <C>
Common stock     6645                   --                     -0-                     D
</TABLE>
Explanation of Responses:
* Held in issuer's employee stock purchase plan as of 9/30/99.
- -----------------------------------------------------------------------------
**Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.  See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note. File three copies of this form, one of which must be manually
signed.  If space provided is insufficient, see Instruction 6 for procedure.

         /s/ John C. Siegel                    December 06, 1999
- -------------------------------------        ---------------------
   **Signature of Reporting Person                  Date



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