CBS Evening News for Wednesday, Mar 20, 1985
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(Studio) Report introduced
REPORTER: Dan Rather
(NYC) Publisher Rupert Murdoch's purchase of half of 20th Century Fox reported Issue of media takeovers in general examined; Keith Gollust's efforts to acquire Storer Broadcasting cited as example [GOLLUST - explains goal.] Recent merger of ABC and Capital Cities Communication Incorporated recalled due to ABC's fear of hostile takeover. [Investor Mario GABELLI - notes investors' perception of takeovers.] [Federal Communications Commission commissioner James QUELLO - opposes takeover attempts by "fast buck artists."] CBS stock activity today mentioned.
REPORTER: Ray Brady
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