	gencorp gy unit to sell los angeles tv station gencorp said its rko general subsidiary agreed to sell khj tv in los angeles to walt disney co dis for mln dlrs cash plus working capital and other adjustments at closing the company said under the agreement in principle rko s application to renew the station s broadcast license would be dismissed and the competing application of fidelity television would be granted disney would then uire privately held fidelity for about mln dlrs and other adjustments renewal of the khj tv license has been challenged in regulatory proceedings for more than years the deal is subject to prior approval by the federal communications commission the company said late in gencorp cut a deal with fidelity a los angeles investor group and westinghouse electric corp wx to settle the license proceedings and sell khj tv for mln dlrs pct of which would go to westinghouse and the remainder to fidelity but on jan westinghouse withdrew from the deal because the fcc would not approve it in early gencorp and rko agreed to sell wor tv in secaucus n j to mca inc mca for mln dlrs the fcc has approved the transaction but several parties have appealed the fcc has not said when it would rule on the appeals according to a spokemsan for akron ohio based gencorp fidelity television originally filed a competing application for the rko license for khj an independent station in in the fcc disqualified rko as licensee of wnac tv in boston citing anti competitive trade practices and inaccurate financial reporting to the agency causing renewals previously granted to rko in new york for wor and los angeles for khj to be denied reuter 
