Exhibit 99.2
CHRIS-CRAFT INDUSTRIES, INC.
FROM: CHRIS-CRAFT INDUSTRIES, INC.
767 Fifth Avenue
New York, N.Y. 10153
CONTACT: Brian C. Kelly
(212) 421-0200
FOR IMMEDIATE RELEASE
CHRIS-CRAFT INDUSTRIES, INC., BHC COMMUNICATIONS, INC. AND
UNITED TELEVISION, INC. REPORT LAWSUITS REGARDING PROPOSED
NEWS CORPORATION MERGER TRANSACTIONS
NEW YORK, N.Y., AUGUST 16, 2000 -- Chris-Craft Industries, Inc. (NYSE:
CCN), BHC Communications, Inc. (ASE: BHC) and United Television, Inc.
(NASDAQ: UTVI) announced today that a number of lawsuits have been filed in
Chancery Court in Delaware against each of them and certain of their
respective directors, alleging various breaches of fiduciary duties in
connection with the previously announced transactions with News
Corporation. The companies believe the lawsuits to be without merit and
they intend to contest them vigorously.
08/16/00
