Focus on Entertainment Stocks

Spotlight on Chris-Craft Industries Inc.: Chief Executive Herbert J. Siegel helped the company post a 12% increase in profit for fiscal 1992, with revenue increasing 17%. Commenting on the possible launch of a fifth TV network, analyst David J. Londoner of Wertheim Schroder said: “They have two unaffiliated stations, one in New York and the other in Los Angeles, plus several stations in other markets. They’re a natural candidate to become involved as a key player if a fifth network were to start.”

Major Properties

* Television: Two network-affiliated stations and six independents, including KCOP, Channel 13

* Prime-time series:”Kung Fu--The Legend Continues,” “Time Trax”

* Industrial division: Plastic flexible film, non-woven fiber products

Financial Data

* Market capitalization: $1.5 billion

* Cash: $1.4 billion

* Long-term debt: None

* 1992 revenue: $331.5 million

* 1992 profit: $65.2 million

* Earnings per share: $2.39