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BHC Communications, Inc. was the holding company for the broadcast property of Chris-Craft Industries. BHC is said to stand for "broadcasting holding company".〔 ==History== The firm was originally incorporated in 1977 as BHC, Incorporated by Chris-Craft Industries to hold its two existing incorporated independent television stations, KCOP Television (KCOP in Los Angeles) and Oregon Television (KPTV in Portland, Oregon), within BHC's Chris-Craft Television subsidiary. That same year, Chris-Craft purchased a share of 20th Century Fox. In 1981, the 20th Century Fox share, then at 20 percent, was traded for 19% of United Television.〔 United owned three other television stations: independent KMSP-TV in Minneapolis, ABC affiliate KTVX in Salt Lake City, and NBC-affiliated KMOL-TV (now WOAI-TV) in San Antonio. Warner Communications, Inc. purchased a 42.5 percent share in BHC for $200 million in convertible preferred stock. With the Time, Inc./Warner Communications, Inc. merger into Time-Warner, Inc., BHC got a return of some stock held by Warner, cash, and Time Warner convertible preferred stock in Time Warner, a total of valued at $2.3 billion over a six-year period. With this settlement, BHC was reincorporated as BHC Communications, Inc. with stock restructured with two classes of stock giving Chris-Craft most of the voting power. Some BHC's shares were distributed to other Warner stockholders made it a publicly traded corporation. Some the payment were used to buy back BHC class A shares. WWOR-TV, an independent station (and national superstation) in the New York City area, was purchased in 1992 for $313 million. In 1995, United Sales Enterprises was formed to hand national spot advertising time for all BHC/United stations.〔 In the early 1990s, BHC Television formed an alternative programming consortium, Prime Time Entertainment Network, with other station groups and Time Warner-owned Warner Bros. Domestic Television that was planned to expand into the fifth television network. In January 1995, BHC affiliated all of its stations, except the Salt Lake City and San Antonio outlets, with the newly launched United Paramount Network, which it fully owned and financed but ran with Paramount/Viacom, the network's producer. In December 1996, Paramount exercised its option to buy half of the Network by paying half of the losses ($160 million). Included in the deal was to continue selling UPN "Star Trek: Voyager" instead of placing it in syndication.〔 KMOL-TV in San Antonio later aired UPN programming as a secondary affiliation from 1998 to 2000. In 2000, a lawsuit was filed by BHC against the Viacom CBS merger as BHC saw this as a breach of the UPN partnership. BHC lost the suit and sold its remain ownership in UPN to Viacom for $5 million. Shortly thereafter, Chris-Craft announced that it was getting out of broadcasting after losing $500 million on UPN, the possibility of UPN shutting down or having their affiliation pulled. Many industry observers thought Viacom would end up getting the stations, but Viacom's bid lost out to News Corporation's Fox Television Stations, resulting in a sale which closed on July 31, 2001.〔 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「BHC Communications」の詳細全文を読む スポンサード リンク
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