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Volume 24 No. 159
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BROADCAST NEWS: WESTINGHOUSE BUYS AMERICAN RADIO FOR $1.6B

          Westinghouse Electric Corp. agreed to buy American
     Radio Systems Corp. for $1.6B, plus the assumption of $1B in
     debt, according to Aeppel & Bulkeley of the WALL STREET
     JOURNAL.  The move adds 98 stations to Westinghouse, giving
     it a total of 175 stations (WALL STREET JOURNAL, 9/22).
          ONE EYE OPEN: In N.Y., Jon Elsen wrote "the race is on
     to eventually succeed Michael Jordan" as CBS Chair, with CBS
     Station Group Chair Mel Karmazin and CBS TV Chair Les
     Moonves potential successors (N.Y. POST, 9/22).  Elsen
     profiled Jordan in Sunday's N.Y. POST and wrote, "While CBS
     is not for sale, many think it would be an attractive
     target."  Elsen: "Some think Microsoft or others might back
     Barry Diller in an acquisition of CBS (N.Y. POST, 9/21).