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BHC COMMUNICATIONS ANNOUNCES EXTENSION OF OFFER FOR PINELANDS

 BHC COMMUNICATIONS ANNOUNCES EXTENSION OF OFFER FOR PINELANDS
 NEW YORK, July 28 /PRNewswire/ -- BHC Communications, Inc. (AMEX: BHC) and its majority shareholder, Chris-Craft Industries, Inc. (NYSE: CCN), announced today the extension of the expiration date of the tender offer by BHC's wholly-owned subsidiary, BHC Acquisition Corp., for all of the outstanding shares of common stock of Pinelands, Inc. (NYSE: PL) at a price of $18 per share plus additional consideration equal to 6 percent per annum from (but excluding) July 12, 1992. The tender offer, as extended, will expire at 5:00 p.m., New York City time, on July 29, 1992.
 BHC anticipates that it will extend the tender offer from time to time pending satisfaction of the conditions to the offer, including receipt of Federal Communications Commission approval.
 Ander offer.
 -0- 7/28/92
 /CONTACT: William D. Siegel of BHC Communications, 212-421-0200/
 (BHC CCN PL) CO: BHC Communications, Inc.; Chris-Craft Industries, Inc.;
 Pinelands, Inc. ST: New York IN: SU: TNM


KD -- NY103 -- 4309 07/28/92 17:33 EDT
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Publication:PR Newswire
Date:Jul 28, 1992
Words:171
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