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BHC COMMUNICATIONS ANNOUNCES EXTENSION OF TENDER OFFER

 BHC COMMUNICATIONS ANNOUNCES EXTENSION OF TENDER OFFER
 NEW YORK, July 24 /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 27, 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.
 As of 5:00 p.m., New York City time, on July 24, 1992, 13,880,290 shares of Pinelands common stock had been tendered pursuant to the tender offer.
 -0- 7/24/92
 /CONTACT: William D. Siegel, 212-421-0200, for BHC Communications and Chris-Craft/
 (BHC CCN PL) CO: BHC Communications; Chris-Craft Industries; Pinelands, Inc. ST: New York IN: SU: OFR


TM -- NY073 -- 3233 07/24/92 19:00 EDT
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Publication:PR Newswire
Date:Jul 24, 1992
Words:198
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