NEWS CORP <NWS> UNIT TO OFFER STOCK REDEMPTION
News Corp's Fox Television Stations
said it will redeem 230,000 shares of increasing rate
exchangeable guaranteed preferred stock from holders of record
on April 1.
    Fox said the offer represents 50 pct of preferred shares
currently outstanding.
    The preferred stock will be redemmed for 1,000 dlrs per
share plus an accrued dividend of 5.83 dlrs per share, the
company said.
    On completion of the redemption, 230,000 shares of
preferred stock will remain outstanding, the company said.
 Reuter
