Fox's broadcasting subsidiary is on the verge becoming a network.

The Broadcasting Company of America was a former, short-lived broadcasting subsidiary of AT&T.

The company said operating profits also fell at NBC, G.E.'s broadcasting subsidiary, and were about flat in the company's industrial products group.

AT&T decided to focus on the telephone business as a communications common carrier, and sold its broadcasting subsidiary Broadcasting Corporation of America to RCA.

The station is owned by Local TV, the broadcasting subsidiary of private equity firm Oak Hill Capital Partners.

Tribune's broadcasting subsidiary became a minority shareholder in the WB Television Network, a new program service launched by the Warner Bros.

Warner, in turn, owns 42.5 percent of BHC, Chris-Craft's broadcasting subsidiary.

He would not say what would happen to Warner's interest in Chris-Craft's broadcasting subsidiary.

Also during this year, the Taft family merges its broadcasting subsidiaries into one, using the Taft Broadcasting Company name.

The following year, BHHC sold the station to Nationwide Communications, the broadcasting subsidiary of Columbus, Ohio-based Nationwide Insurance.