8-K

                     SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C. 20549
                              ----------------

                                  FORM 8-K

                               CURRENT REPORT
                   PURSUANT TO SECTION 13 OR 15(d) OF THE
                      SECURITIES EXCHANGE ACT OF 1934

                      April 12, 2001 (April 11, 2001)
                     ---------------------------------
              Date of Report (Date of earliest event reported)


                        CHRIS-CRAFT INDUSTRIES, INC.
       -------------------------------------------------------------
           (Exact name of Registrant as specified in its charter)


        Delaware                1-2999                94-1461226
      --------------------------------------------------------------
        (State of          (Commission File No.)      (IRS Employer
      Incorporation)                              Identification Number)


                    767 Fifth Avenue, New York NY 10153
        -------------------------------------------------------------
        (Address of principal executive offices, including zip code)


                               (212) 421-0200
        -------------------------------------------------------------
            (Registrant's telephone number, including area code)


                               Not Applicable
        -------------------------------------------------------------
       (Former name or former address, if changed since last report)



Item 5. Other Events.

     On April 11, 2001, the United States Department of Justice issued the
press release included as Exhibit 99.1 hereto which is incorporated herein
by reference.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

        (c) Exhibits

            Exhibit 99.1  Press Release issued by the United States
                          Department of Justice on April 11, 2001.



                                 SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.


                                       Chris-Craft Industries, Inc.


                                       By: /s/ Brian C. Kelly
                                           ___________________________
                                           Name:   Brian C. Kelly
                                           Title:  Senior Vice President,
                                                   General Counsel & Secretary

Date: April 12, 2001



                               EXHIBIT INDEX

  Exhibit
    No.

    99.1          Press Release issued by the United States Department of
                  Justice on April 11, 2001.

EX-99

EXHIBIT - 99.1

[Department of Justice seal]               DEPARTMENT OF JUSTICE

FOR IMMEDIATE RELEASE                                          AT
WEDNESDAY, APRIL 11, 2001                          (202) 616-2777
WWW.USDOJ.GOV/ATR                             TDD: (202) 514-1888

                JUSTICE DEPARTMENT REQUIRES NEWS CORPORATION
     AND CHRIS-CRAFT INDUSTRIES TO MAKE A DIVESTITURE IN SALT LAKE CITY

        DIVESTITURE OF CHRIS-CRAFT'S KTVX-TV TO PRESERVE COMPETITION

     WASHINGTON, D.C. -- The Department of Justice today announced that The
News Corporation Limited and Chris-Craft Industries Inc. have agreed to
sell a television station located in Salt Lake City in order to resolve
antitrust concerns about the companies' $5.3 billion proposed merger. The
Department said that without the divestiture, the deal would have been
anticompetitive, resulting in higher prices for local or spot television
advertising.

     The Department's Antitrust Division filed a lawsuit today in U.S.
District Court in Washington, D.C. to block the proposed transaction. At
the same time, the Department filed a proposed consent decree that, if
approved by the court, will resolve the lawsuit and the Department's
competitive concerns. Under the agreement, Chris-Craft Industries will
divest KTVX-TV, a Salt Lake City ABC affiliate.

     According to the complaint, the proposed acquisition would have
lessened competition substantially by combining News Corporation's KSTU-TV,
a FOX affiliate, with Chris-Craft's KTVX-TV, an ABC affiliate, two stations
that compete head-to-head in the Salt Lake City market. News Corporation
would have owned two of the top four broadcast television stations in the
Salt Lake City market with approximately 40 percent of the broadcast
television spot advertising revenue. Under the terms of the proposed
consent decree, News Corporation is required to sell Chris-Craft's KTVX-TV
to a suitable purchaser, approved by the Department.

     "Without this divestiture, the businesses that purchase broadcast
television spot advertising to reach customers in Salt Lake City would have
lost a significant competitive alternative," said Constance K. Robinson,
Director of Operations and Merger Enforcement of the Department's Antitrust
Division. "This resolution ensures that those consumers will continue to
have the benefits of competition, such as lower prices."

     News Corporation is headquartered in Sydney, Australia. Its
subsidiary, FOX Television Holdings Inc., headquartered in Los Angeles owns
23 broadcast television stations in the United States. News Corporation
also owns cable and satellite distribution businesses and produces films
for the television and motion picture industries. News Corporation reported
net revenues of approximately $11 billion in 2000.

     Chris-Craft, headquartered in New York City owns 10 broadcast
television stations in the United States. The company reported television
net revenues of approximately $492 million in 1999.

     As required by the Tunney Act, the proposed consent decree, along with
the Department's competitive impact statement, will be published in the
Federal Register. Any person may submit written comments concerning the
proposed decree during a 60-day comment period to J. Robert Kramer II,
Chief, Litigation II Section, Antitrust Division, U.S. Department of
Justice, 1401 H Street, N.W., Suite 3000, Washington, D.C. 20530.