The Honolulu Advertiser from Honolulu, Hawaii • 20

C4 baiurday, Marcu a), lm tue Honolulu Advertiser KHNL to take over operating KFVE FRIDAY'S MUTUAL FUNDS to improve Channel 5." ftBB Pirn 8a in nt te iiit ii to 14 a vtac i 4 10 Wtt 11 SO 1 It 30 07 Ouanl STAR TC Inl TCUMI GNMA Amin it ML Ipiin t0 NL UiOo. ML fellpm) Orauai frontier 101) 10 TO CepAe 141 I'M Coioli 111 Ml 10 St MTJV 4 1 ML UlGvtA 14 04 14 el UIHA 11 4A 14 10 ImBrShO WO! NL tmBf JdS I0W Wit SoOen 1 ot tACIAty flHMHl Srnte, 1141 11AJ InlO. II 14 II it OH Pap I 47 14 14 7 Tt MVCorp a lucorp STCorp Nt NL NC ht ML NL Cmiu (( Comv) II It 41 ActBe iHH Care 31 aO tmor )) MM 01 Value Painbwi ft IA 01 10 41 10 47 not 10 is AITtd STTiry ITTirv PLTe IH OH TP II Of II II tifa it ii li 0. 14 in a it LTTir. Idl sot NL SI f.i 43 St ur.r II AA ft.

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Channel 5 Is the only Hawaii VHF channel (2 through 13) that has no network affiliation. KHNL is affiliated with the Fox Broadcasting network and televises University of Hawaii 6ports. KFVE President Lee Holmes will retain his license and continue to have responsibility for the station on public interest matters. FCC rules prohibit the same party from owning more than one TV station in the same 01 141 IN in 7t i 3i CA TP DU II 14 Armstrong said KHNL intends to "hire as many as possible" of KFVE's employees, to join his current staff of 63. The agreement also calls for KHNL to purchase most of KFVE's television equipment cameras, tape machines, etc.

Holmes will continue to own KFVE's facility at the intersection of Sand Island Access Road and N. Nimitz Highway. Armstrong said that time brokerage agreements have long been used in radio but are relatively new in television. He said KHNL "will be working on specific programming (for KFVE) over the next several weeks. We think there is enough programming out there tee tq 17 i Oil Ov II ft Oil IM 10 FMA Iwc icmsc JAMI PH hoi UrSf IS 14 StefBI II li rhl If Plans expansion of VHF channel to all Islands By Kit Smith Advertiser Financial Writer Starting May 4, KHNLChan-ncl 13 will also run KFVE Channel 5, bringing KFVE's operations into its Puuhale Road facility.

"Our goal is to expand Channel 5 to all of the Hawaiian Islands and to make it a true statewide VHF channel, equal to any network affiliate," said Doug Armstrong, KHNL president and general manager. NL NL NL NL NL NL KHNL used to be known as a movie channel KFVE's prime format today and thus has roughly 400 movies in its library, Armstrong said. "We can improve the programming with just that" KHNL is owned by King Broadcasting in turn a joint venture of Providence Journal Co. and Kelso Co. Inc.

Providence Journal acts as manager of King Broadcasting. Providence Journal, which publishes the Providence (R.I.) Journal and Evening Bulletin, also owns Colony Communications, a cable television company that serves 770,000 subscribers in nine states. SA NL II SI It Of 14 01 14 At IdiBal SmCap MuHV Mulnl MuLtd 10 tl 14 71 100 13 11 10 7 CPSIA CNMA OIHIAC 141 IN tit 4 It I II A4 14 II II MM 11.1 VUG MuLona II II ftlArbrtHW NL Mulnlg 111 IS 11 04 04 3 Wll 1017 tla Banal Orex OnioTg O'TE PT CaTaa CaT.Q CT6 OvOld Mva BelTr 10 JS NL 41 lorn si 44 Bt IS i In Dlvart Musni CAInl PL lot NJIm NYlni OHInt PAIm II 22 10t4 II St SOT 11 1 11.14 4 1141 1101 107 II 4 P'OO't Tail t'l 104 4 7 01 teAflnel Orevpi USG SJ1 11 SO 44 O.lhTf 10 0 Inula 10)7 SlGvFlT ION SmC.o tt Ti FlTf 101 Tei PIT 10 Value 10 44 Retire Tnh iiKti I ra iqGre I II Income 1 S4 11 AgaGr SPEnrp 15 45 SPGoid 111 SPHiin 30 14 SPSarv 17 SPTach rll It oaian Bond Com GvSaci Grwlh PA TP TP Inc Wont Soolrv Hth Cantvnr IS 10 IS I 4 44 7 tt 10) MS 10 SO 11 OS 17 74 II 47 11 14 0 1) 40 14 Jl 10 01 10 S4 is NL SSI7 NL Baian 14 14 22 SO tt SO Inlarm MM 10 41 Muni IS) IS) rtlraat Rath: tic 210 31110 31 G'nC 47 47 InvTrA 05 41 InvC 07 07 tlaadmM PwntHi BC 14 Btllnv IS 3S IPUTII 11 I Girt 14 I Wallil Wamn Wndir I lt 111 ItW Saquola Grwth HVInv IntiEq LTBnd Salad lit 10 01 II MSI 41 tt Wndt II ftavaA Kaai ftarl; Am ind I NL 1 17 widlnl WidUS 14 14 NL NL TiEin Vantura AAMttrtt Alloc II Invtlt 1 St Oraan 1 1) Stain Rat Fdv 10S71 107 13 T.ELT Haiku Knolls: Lease-to-fee case unfolds 147 71 Ultra USGy Vina Cap Op 25 07 10 71 USAA Ofpup: AgvGI if 13 Gvtlnc HVMu Incomt IntBd IntMu MgdM BiuaC )i 13 fp 14 74 NL GvSc PI 14 0 14 7 cm ail 01 MxKap tit ion SOCAW 7 AO Jl 01 inx BdM.40 10 SI time tm 100 10 71 Iverlne II I II 71 ivtrGVI tit Mil ivCtpEal! 41 II 7 PivCepFI 1017 10 BoUSEd pl4 7S NL BooSVP II li adulter Convl 11 07 It 41 BoMu II 10 1 0 LIONV IS 11 TiMgdplOH 11.14 ipuara; Di.id 111 111 Gwin IS St 1 17 InllEq 10 I 10 JS tt 1111 7 2J 114 IK 14 00 NL NL NL NL NL NL NL NL NL NL NL NL NL FROM PAGE C1 IncPI 15 41 Muni 57 57 NY van II Tt it RPFBt 4 40 0 RPFE I 25 47 15 47 RPFGI 14 4 15 41 RPFC 17.11 177 Vlita Fundi: Bond II 0 11 0 CapGr 21 43 2 IS Equity I) 22 11 22 Gvlnc 11 13 13 Jl Grlnc 207 30S2 NV TP 1117 13 43 ST Bd 10 35 10 25 TP Inc 11 25 1113 Volumal IS NL Vayapaur Pdv Prime 23 3 Spcl Stock mt2 TotBtl 111 1014 21 44 10 55 I 77 It 01 14 37 13 07 12 SI 11 70 1302 14 31 10 4 II 24 Baian CA Bd Cornil GNMA Gold Grwth IncSlk Inco Intl NYBd TElt T.ELT T.ESh VA Bd StratOv 3M1 Strat Gth 11 10 tranp Pundti 10 10 Advtg CmSft Atini li. ur puimnari rwp; AGat WldGr 10 71 II 14 1017 IT A UST Maatan Equity II tS 1 5 171 17 1012 77 1174 1012 1 11 10 30 22 10 11 10)0 21.17 CO TP FL Int GrSt MNInt MNInl MNTP MO ln US Gv 101 1110 10 71 11 31 114 157 10 41 1111 11 OS 11 115 13 71 10 4) 103 10 1141 D'KOV GovSc Inco IntMu Intl Invit MunBd Oppty ST Bd STMun Total 11 34 11 17 Nova imp id OTC 111 USGLa US Go MO TP IS II 10 7 IS 10 44 43 113 111 ITS IncOro Intl IntTe LT TB Mqdin NV TE VA TF II II ket will bear. That's my opinion," Watts said.

Just last week, Bishop Estate offered to settle the case under' terms "which were basically, equal to the current asking price, or the jury verdict plus (interest) plus withdrawal costs whichever was more," said C. Michael Hare, attorney for; the estate. The new price for the zero' lots clustered around most single-family lot prices were in the $155,000 to" $158,000 range. Two lessees have told Watts they're pulling out of the suit and will remain lessees. Some, will buy, especially owners of zero-lot properties, and others will appeal, Watts said.

VknBd I5 10 31 70 10 li at 1.01 10 Tt II 11 tablished the market value of the fee interest, Watts said. Savio put the value at $130,000 for zero-lot line parcels, and $127,000 to $175,000 for other lots in Haiku Knolls. The jury set prices that were substantially above those suggested by the homeowners' appraisal. Zero-lot owners were relatively satisfied that their prices were in the The jury priced single-family lots at $102,000 to $138,000. But these prices were increased when the judge added interest at 8 percent dating back to 1991.

"Bishop has now set its prices not based on the length of the lease anymore. They are pricing based on what the mar get a relatively low figure because there's so much length in the lease," Watts said. Bishop Estate's appraiser, Richard Stellmacher, placed the value at roughly $100,000 per lot. Over Watts' objections, the estate had Peter Savio, who is handling Bishop's lease-to-fee conversion program, testify as an expert witness. "He testified that in his opinion the value of Bishop's interest was what Bishop had offered in the summer of '92" to 1,100 Oahu homeowners as the estate tried to get out of single-family residential leasehold.

Essentially, Savio testified that homeowners who had accepted the estate's prices es SBC widin it Sun Eapfa: linlan Ittvi VlcnStk 10 4 It I WallSt Tt 7 5 Wirbur Plncuii CapAp 14 Ot NL ca, who has a lot. The Fonsecas, for example, had started a new business and had children in pre-school. Other families had just bought their homes and were "maxed out" on their mortgages. Still others thought the price was too high for stream-side, hilly property. At trial last November, the lessees' appraiser valued the land at about $30,000 per lot mainly because there were 40-plus years to run on the 55-year leases, said Thomas Watts, homeowners' attorney.

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Samoa 0700 BP-6 If your home is not advertised in today's Classified section, you may have missed your opportunity to sell! hurriN. 1 I Swm hurry iVrtrrryHrn hurry HURRY LaJLi )Jwiy) HURRY AT LESS THAN MUNLMW r.lAKJLAND ffflftjfcftji PRICES! WITNESSES WAITED A fight occurred outside CILLY'S NIGHTCLUB on Ala Wai Blvd. on 31293, Friday about 3:45 a.m. If you have any information regarding this incident, please call Ed Markle or Ruby Shimabuku of Schutter Glickstein. 524-4600 IIH1 HI man mmmm Stops corrosion rust.

Save thousands of dollars on roof replacement. Coating costs between $2900 to $3500. Work performed by Larry's Painting (Lie. C-9880) 3638 Waialae Avenue (Kaimuki District) Honolulu Tel. 732-6611 HOURS: SATURDAY 9-6 SUNDAY 10-5 flattery HAWAII'S LARGEST RATTAN FURNITURE MANUFACTURER Terms: Cash, Checks, Visa, Mastercharge, Easy Credit Terms.