BROADCAST NEWS: FOX, BASEBALL BITE INTO THE BIG THREE

     Network revenue for ABC, CBS and NBC fell 3.6% in the 4thQ
to $2.15B from $2.23B as the baseball strike, the loss of
football and lower revenue from children's programs "deflated
results," according to the Broadcast Cable Financial Management
Association's quarterly report.  Network revenue rose in every
category except sports and children's programming during the
4thQ.  The Association only measures the Big Three's revenues.
The report noted that the lost revenue was due to Fox's foray
into football and children's programming (WALL STREET JOURNAL,
3/3).
     IN WASHINGTON: President Clinton's telecommunications
adviser Larry Irving told the Senate Commerce Committee that the
administration favors allowing "unfettered foreign investment" in
U.S. telephone and other telecommunications businesses, but
"draws the line when it comes to easing rules that bar foreigners
from owning more than 25% of broadcasting properties" (DAILY
VARIETY, 3/3).
     BALCK HUMOR AT BLACK ROCK:  David Letterman:  "My name is
Dave.  You are watching CBS.  By the way, would you like to buy
this network?" ("Late Show," CBS, 3/2).