TV & VIDEO - June 22, 1988

After a week of speculation that Fox Broadcasting Co.’s attempt to establish a fourth TV network might cease because of its poor financial performance, Fox owner Rupert Murdoch went on the record Monday to say he has “every intention of continuing this investment for an indefinite period.” Murdoch, chief executive of Fox’s parent News Corp., said he is pleased with Fox’s Sunday night lineup and intends to continue bankrolling the 125-affiliate network. He responded to a report in Investor’s Daily last week in which Richard Sarazen, finance director of News Corp., was quoted as saying the network would be shut down if results didn’t improve dramatically in the next six months.