	taft tfb bidders would sell entertainment unit a proposed buyout of taft broadcasting co by dudley taft and other investors includes a plan to sell the company s entertainment group according to one of the investors jonathan nelson managing director of narragansett capital corp narr which is participating in the buyout plan declined to say if buyers have already been lined up for the entertainment group we are considering selling the group nelson said wall street analysts said any of the hollywood film studios which might be interested taft broadcasting co did not comment on the dlr per share offer taft has mln shares outstanding of which pct are owned by the taft and ingalls families dudley taft relinquished the title of president in july but continues as vice chairman of the company taft narragansett requsted a response to its proposal by march if the plan is accepted taft would be a private company financed by high yield bonds and bank debt nelson said narragansett is an investment management company specializing in leveraged buyout transactions taft shares climbed to causing arbitrageurs to say investors believe the bidders may raise their price robert m bass who controls pct of the stock and american financial corp holder of pct did not return telephohe calls seeking comment but dennis mcalpine analyst at oppenheimer and co said i don t think it s worth dlrs he noted taft recently agreed to sell a group of independent television stations at a loss he said the entertainment group which includes the hanna barbara animation studios is currently hampered by a glut of animated product taft broadcasting has never commented on reports that its major stockholders met recently to discuss a break up of the company macalpine said there are lots of options for reshaping the company with a distribution of various pieces to the major shareholders among the possibilities analyst alan gottesman of l f rothschild unterberg towbin inc said the bass group has been increasing its stake in the belief the company would be worth more with a change in its strategy he said bass pushed for sale of the independent television stations because the company paid too much reuter 
