TAFT &lt;TFB> HAD NOT COMPLETED TV STATION SALE

  Taft Broadcasting Co said the
  sale of its independent television stations to TVX Broadcast
  Group, which had been set for yesterday, did not occur.
      TVX and its investment bankers, Salomon Inc's &lt;SB> Salomon
  Brothers, advised Taft the closing would not be consumated as
  scheduled, the company said.
      TVX and Salomon also advised Taft they hope to be able to
  close in near future, the company said, adding it is prepared
  to close at any time.
      A Taft spokeswoman referred all questions to TVX and
  Salomon.
      Taft agreed in November to sell the stations in
  Philadelphia, Washington, Miami, Fort Worth-Dallas and Houston
  TVX Broadcast for 240 mln dlrs.
      At the time, Taft said the transaction would result in an
  after tax charge of 45 to 50 mln dlrs.
  

