BHC COMMUNICATIONS AUTHORIZES SHARE PURCHASES
BHC COMMUNICATIONS AUTHORIZES SHARE PURCHASES NEW YORK, April 24 /PRNewswire/ -- BHC Communications, Inc.
(AMEX: BHC) announced that its board of directors today authorized the purchase from time to time of up to 1.5 million shares of the company's outstanding Class A common shares. This authorization is in addition to the approximately 268,000 shares still available for purchase under a previous authorization.
Any purchases will be made at prices not exceeding the market prices prevailing at the time of purchase. Implementation of the authority granted by the board will depend on market conditions and other relevant factors. BHC currently has outstanding approximately 8,950,000 shares of Class A common stock, as well as 18 million shares of Class B common stock (all of which are owned by Chris-Craft Industries, Inc.) convertible into Class A common stock on a share-for-share basis. -0- 4/24/92 /CONTACT: Barry S. Greene of BHC Communications, 305-946-4000/ (BHC) CO: BHC Communications, Inc. ST: New York IN: ENT SU:
CK -- NY052 -- 2481 04/24/92 12:52 EDT
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|Date:||Apr 24, 1992|
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