FCC WILL NOT RULE AGAINST MURDOCH OWNERSHIP

     After investigating the holdings of News Corp. Chair Rupert
Murdoch since late '93, FCC regulators "have decided against
forcing" him to resturcture his company to comply with foreign-
ownership rules.  An FCC staff recommendation had urged that News
Corp. reduce it ownership stake in the eight TV stations that
form the nucleus of Fox TV.  One FCC official:  "The staff
recommendation is dead."  The ruling is a "crucial victory" to
Murdoch in what has been "a serious legal threat to his empire."
The FCC is expected to ask for public comment on whether News
Corp. should receive a waiver (Edmund Andrews, N.Y. TIMES, 5/3).