Those two deals whittled to 300 the number of broadcast properties controlled by minority owners.

He also owns other broadcast properties in markets those companies serve.

Besides the broadcast properties, the company now has interests in oil services, land and a music retailer.

KKR was looking to sell all of its broadcast properties.

The new company will have to divest itself of some broadcast properties, or seek waivers from Federal regulations.

And some owners of broadcast properties say that the minority ownership numbers are misleading.

Westinghouse said it would continue to seek other broadcast properties.

Nine television stations have been put up for sale in the last two weeks, adding to the list of broadcast properties on the block.

United States law forbids foreigners from owning more than 20 percent of an American broadcast property.

The Times Company will get a tax break on the deal under a Government program intended to encourage ownership of broadcast properties by minority groups.