WESTINGHOUSE INTERESTED IN MERGER OF RADIO UNIT
Westinghouse Electric Corp <WX> said
it is still open to a merger of its radio operations with
General Electrics Co's <GE> NBC radio operations.
    "We have left the door open and GE is reassessing the
merger and so are we," Westinghouse chairman Douglas Danforth
told Reuters at the conclusion of a meeting before analysts.
    Danforth said he continues to see value in a merger between
Westinghouse's radio operation and those of NBC. 
    Discussions with NBC on the merger of the two companies'
radio units were suspended in December.
    Danforth reaffirmed that Westinghouse is interested in
acquisitions, saying the company is leaning toward acquisitions
in the 300 mln to 500 mln dlr range. He said, however, that
larger acquisitions are possible if they are the right fit.
    Danforth, who earlier today said he expects earnings growth
in the double-digit range through 1989, said he is comfortable
with analysts' predictions of 4.80 dlrs to 5.30 dlrs a share
this year. In 1986 the company earned 4.42 dlrs a share.
    He said the company has targeted waste energy systems and
hazardous waste removal, as some of the emerging growth areas
for the company.
 Reuter
