The latest year operating net included a gain of $10.1 million from the sale of broadcasting properties.

The Times Company has for years pursued a diversification strategy that included the purchase of broadcasting properties.

It was incorporated in Ohio in 1927, and sold its broadcasting properties in 1983.

Outsiders own large stakes in almost 40 percent of the German broadcasting properties not owned by the state, according to some media experts.

Wall Street professionals said they saw no real obstacles to a takeover of Gencorp despite its substantial broadcasting properties.

By 1979 the family had sold all of its broadcasting properties, including fourteen radio and two television stations, worth approximately $100 million.

The year-ago quarter included an after-tax gain of $3 million from the sale of broadcasting properties and a tax benefit.

There had been reports that the company was exploring the sale of the broadcasting properties.

After appeals failed, it signed a consent decree in 1957 requiring it to sell its broadcasting properties.

Fetzer sold off all of his broadcasting properties in the mid-1980s.