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Fox purchase near approval

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The $5.35 billion purchase of Chris-Craft Industries by Fox Television is expected to receive federal approval Monday, according to The Wall Street Journal.

New York-based Chris-Craft Industries owns 10 television stations, including Salt Lake City's KTVX Channel 4.

Elke Breyer, a spokeswoman for Chris-Craft, told the Deseret News its sale of the television stations, including KTVX-Channel 4, was still in the works and had not received Federal Communications Commission approval. Breyer said approval would happen by the end of July.

"Evidently, it has not been approved yet," Breyer said.

A spokeswoman for the FCC did not immediately return calls.

Because Fox already owns KSTU-Channel 13, the U.S. Justice Department filed suit in April to block the company's sale of Chris-Craft.

The Justice Department said it would drop its suit if the judge approved plans to sell Utah's Channel 4.

Jill Stoman, a spokeswoman for the Justice Department, told the Deseret News the status of the lawsuit has not changed.

Sources say that San Antonio-based Clear Channel Communications will purchase KTVX Channel 4, although representatives for KTVX and Clear Channel could not confirm or deny the sale.

The acquisition of Chris-Craft by Fox Television, a unit of News Corp., will create the nation's largest television group.