KING WORLD <KWP> HAS FINANCING FOR OFFER
King World Productions Inc said it will
finance the repurchase of up to 7,600,000 of its shares
announced earlier today through cash on hand and about 200 mln
dlrs of bank borrowings, for which it has received commitments
from First Chicago Corp <FNB> and Bank of New York <BK>.
    The company today started a tender offer for up to
4,100,000 shares at 28 dlrs each and agreed to buy up to
3,485,085 more shares from members of the King family and
management, who together own a total of 13.9 mln shares.  All
the shares being repurchased amount to about 25 pct of King
World's stock.
 Reuter
