The Plan

THE WALL STREET JOURNAL

February 5, 1981

C. Wallace Litman, controlling stockholder in Litstar Industries, a holding company he established in the mid-sixties, announced today that he had acquired nearly ten percent of United Broadcasting Company. The TV network has been riding high in the ratings and is scheduled to broadcast the Summer Olympics in 1984. C. Wallace Litman said that Litstar has no plans to launch a full-scale takeover of the network.