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FALLOUT FROM FOX DECISION; NCTA CONVENTION BEGINS IN DALLAS

     Fallout continues from the FCC's ruling that Fox iwll not
have to restructire its U.S. station holdings despite News
Corp.'s foreign ownership.  Through a "combination of tenacity
and timing," News Corp. Chair Rupert Murdoch "came through the
investigation untouched," according to Bill Carter of the N.Y.
TIMES.  One senior exec at a competing network:  "He lost on the
law and he still won."  The ruling could set a precedent on
foreign investment in U.S. broadcasting interests, with Seagram's
CEO Edgar Bronfman, Jr. a possible beneficiary.  Although
Seagrams is a Canadian company, Bronfman could be in a position
to buy a network, possibly CBS, if his deal to purchase
MCA/Universal goes through (N.Y. TIMES, 5/8).  FCC Chair Reed
Hundt, in a meeting with editors of the BOSTON GLOBE, denied that
commissioners and staff had disagreed about whether to force a
restructuring.  Hundt: "Everybody got that completely wrong, and
no one corrected it" (BOSTON GLOBE, 5/6).  BUSINESS WEEK examines
Murdoch's political influence and how "his deft courtship of high
powered Republicans" may have helped (Mark Lewyn, BUSINESS WEEK,
5/15 issue).
     NCTA MEETS IN DALLAS:  Previewing the National Cable TV
Association's convention in Dallas, NEWSDAY's Robin Schatz writes
that the major premium channels "saw the best increases in their
subscriber bases in years."  And 1995 is looking to be another
strong year.  The reason, according to analysts, is cable
operators "turned their attention to the unregulated portion of
their business to generate more sales, offering consumers better
package deals and promoting the pays channels more aggressively"
(NEWSDAY, 5/8).
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