A federal agency gave Lorimar Telepictures conditional...
A federal agency gave Lorimar Telepictures conditional approval to put its three television stations in a trust to facilitate its merger with Warner Communications. A New York state judge on Sept. 28 delayed the merger pending sale of the stations. The order was sought by Warner’s biggest shareholder, Chris-Craft Industries, because of its agreement with Warner prohibiting either company from owning broadcasting stations other than that belonging to BHC Inc., a Chris-Craft subsidiary. Warner’s appeal of the decision is set for a Nov. 21 hearing in the New York Court of Appeals.
It's a date
Get our L.A. Goes Out newsletter, with the week's best events, to help you explore and experience our city.
You may occasionally receive promotional content from the Los Angeles Times.