The broadcasting operations continued to suffer from the recessionary environment, the company said.

"I thought we should go back to the campuses where we still had our newspapers and our own broadcasting operations," he said.

As a foreign company, however, Sony would probably be limited to owning only 25 percent of an American broadcasting operation.

Sinclair has shown a history of promoting conservative politics through its broadcasting operations.

Capital Cities/ ABC's broadcasting operations reported an increase of 24 percent, to $114.3 million.

The board, however, has countered that all foreign broadcasting operations should be placed under a new entity run by an expanded version of itself.

Lawsuits over an allegedly fraudulent bond issue to finance his ranch and broadcasting operations soon followed.

The company also reported increased revenues from its broadcasting operations.

Since most public broadcasting operations don't have to make a profit, no commercials are necessary.

In the 1987 quarter, operating income in the company's broadcasting operations increased to $88 million, from $42.2 million.