RCA Is Becoming the Focus of Speculation That Surrounds Stocks of Broadcasting Firms
The wave of speculation in broadcasting stocks is turning squarely in RCA Corp.'s direction.</br></br>With ABC betrothed to Capital Cities, and Ted Turner and others reportedly nipping at CBS's heels, RCA's National Broadcasting Co. may become the only "independent" network left for the acquisition-minded.</br></br>While CBS remains the prime stock market attraction, a number of investment bankers, asset players and speculators are taking a fresh look at the values in RCA and the complexities of trying to acquire the electronics and entertainment company.</br></br>So far, all the looking has created only a token splash in RCA's stock. Since the ABC-Capital Cities merger was announced last month, RCA's stock is ahead less than four points. But depending in part on the ultimate outcome at CBS, some large investors believe RCA's stock could be on the verge of a sharp advance.</br></br>"If CBS is acquired, either friendly or unfriendly, every smart money man who bought CBS stock in the 90s is going to rush to buy RCA's stock," says an investor experienced in large takeovers. "Is there a play here?" the investor asks. "The answer is yes."