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BHC Communications, Inc.
FROM: BHC Communications, 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.
oOo
08/16/00
