Six board members representing Warner's largest shareholder, Chris-Craft Industries, voted against the contract.

In 1983 he cut a major business deal with a man described as a longtime friend, Herbert Siegel, the chairman of Chris-Craft Industries.

The company itself adopted the Old Crown name when they merged with Chris-Craft Industries for a short time in 1962.

It is not connected with Chris-Craft Industries, a media company based in New York.

Before then, from 1968 to 1972, he had been a vice president and director of Chris-Craft Industries in Manhattan.

They renamed the merged company Chris-Craft Industries, Incorporated in 1962.

The company is not connected with Chris-Craft Industries, the New York-based media company.

The stock of Chris-Craft Industries, which has a major stake in Warner, rose $3.75, to $33.50.

The merged companies became known as Chris-Craft Industries.

Two years later, Chris-Craft Industries gained majority control of United Television.