SECURITIES AND EXCHANGE COMMISSION
                       Washington, D.C. 20549
                             FORM 10-Q
    (MARK ONE)
    /X/  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended      March 31, 2000
                               --------------------------------
                               OR

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

For the transition period from                to

                     Commission File Number: 1-2999
                     ------------------------------
                      CHRIS-CRAFT INDUSTRIES, INC.
                      ----------------------------
       (Exact name of Registrant as specified in its charter)

        Delaware                              94-1461226
----------------------------      -------------------------------
(State or other jurisdiction of           (I.R.S. Employer
incorporation or organization)           Identification No.)

767 Fifth Avenue, New York, New York                  10153
-------------------------------------               ----------
(Address of principal executive offices)            (Zip Code)

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

Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period
that the registrant was required to file such reports) and (2) has been
subject to such filing requirements for the past 90 days.

                      Yes  X     No
                      -------    -------

As of April 30, 2000 there were 26,693,227 shares of the issuer's Common
Stock outstanding and 8,185,746 shares of the issuer's Class B Common
Stock outstanding.

                         
<PAGE>
                  PART I -- FINANCIAL INFORMATION
                    ITEM 1. FINANCIAL STATEMENTS
                     CHRIS-CRAFT INDUSTRIES, INC.
                CONDENSED CONSOLIDATED BALANCE SHEETS
                     (In thousands of dollars)
                              (UNAUDITED)
                -------------------------------------

                                            March 31,  December 31,
                                              2000         1999
                                          -----------   -----------
ASSETS
------
CURRENT ASSETS:
  Cash and cash equivalents               $   284,977   $   119,427
  Marketable securities (substantially
    all U.S. Government securities)         1,105,496     1,240,241
  Accounts receivable, net                     88,776       102,292
  Film contract rights                         90,117       111,819
  Prepaid expenses and other current
    assets                                     69,600        71,316
                                          -----------   -----------
    Total current assets                    1,638,966     1,645,095
                                          -----------   -----------
INVESTMENTS                                    95,526       104,176
                                          -----------   -----------
FILM CONTRACT RIGHTS, less current
    portion                                    29,581        39,550
                                          -----------   -----------
PROPERTY AND EQUIPMENT, net                    66,178        65,039
                                          -----------   -----------
INTANGIBLE ASSETS                             471,302       474,846
                                          -----------   -----------
OTHER ASSETS                                   21,296        17,279
                                          -----------   -----------
                                          $ 2,322,849   $ 2,345,985
                                          ===========   ===========


<PAGE>
LIABILITIES AND SHAREHOLDERS' INVESTMENT
----------------------------------------
CURRENT LIABILITIES:
  Film contracts payable within one year  $    88,673   $   102,737
  Accounts payable and accrued expenses       147,849       153,509
  Income taxes payable                         53,178        34,907
                                          -----------   -----------
    Total current liabilities                 289,700       291,153
                                          -----------   -----------
FILM CONTRACTS PAYABLE AFTER ONE YEAR          72,837        84,372
                                          -----------   -----------
OTHER LONG-TERM LIABILITIES                    12,923        25,210
                                          -----------   -----------
MINORITY INTEREST                             498,998       503,447
                                          -----------   -----------
COMMITMENTS AND CONTINGENCIES (NOTE 7)

SHAREHOLDERS' INVESTMENT:
  Prior preferred stock - $1.00 dividend;
   currently authorized 73,399 shares;
   outstanding 73,399 shares                    1,578         1,578
  Convertible preferred stock - $1.40
   dividend; currently authorized 234,288
   shares; outstanding 234,288 and 234,374
   shares                                       4,100         4,102
  Class B common stock - par value $.50
   per share; currently authorized
   50,000,000 shares; outstanding 8,193,044
   and 7,997,292 shares                         4,097         3,999
  Common stock - par value $.50 per share;
   currently authorized 100,000,000 shares;
   outstanding 26,646,894 and 25,781,763
   shares                                      14,114        13,682
  Capital surplus                             484,051       420,390
  Retained earnings                           932,271       991,398
  Accumulated other comprehensive income        8,180         6,654
                                          -----------   -----------
                                            1,448,391     1,441,803
                                          -----------   -----------
                                          $ 2,322,849   $ 2,345,985
                                          ===========   ===========

The accompanying notes to condensed consolidated financial statements
                 are an integral part of these statements.


<PAGE>
                      CHRIS-CRAFT INDUSTRIES, INC.
               CONDENSED CONSOLIDATED STATEMENTS OF INCOME
             (In thousands of dollars except per share data)
                              (UNAUDITED)
             -----------------------------------------------



                                              Three Months
                                             Ended March 31,
                                         ----------------------
                                            2000        1999
                                         ----------  ----------
OPERATING REVENUES                       $  127,834  $  111,460
                                         ----------  ----------
OPERATING EXPENSES:
  Expenses directly associated with
    revenues                                 59,776      54,772
  Selling, general and administrative        39,233      37,122
                                         ----------  ----------
                                             99,009      91,894
                                         ----------  ----------
    Operating income                         28,825      19,566
                                         ----------  ----------
OTHER INCOME (EXPENSE):
  Interest and other income, net             20,533      18,676
  Equity loss and other related to
    United Paramount Network                (35,696)    (30,150)
                                         ----------  ----------
                                            (15,163)    (11,474)
                                         ----------  ----------
    Income before income taxes and
      minority interest                      13,662       8,092

INCOME TAX PROVISION                          6,000       3,600
                                         ----------  ----------
    Income before minority interest           7,662       4,492

MINORITY INTEREST                            (4,727)     (3,744)
                                         ----------  ----------
    Net income                           $    2,935  $      748
                                         ==========  ==========
Earnings per share:
  Basic                                  $      .08  $      .02
                                         ==========  ==========
  Diluted                                $      .07  $      .02
                                         ==========  ==========
                                          3% Stock    3% Stock
DIVIDENDS PER COMMON SHARE                Dividend    Dividend
                                         ==========  ==========

        The accompanying notes to condensed consolidated financial
             statements are an integral part of these statements.


<PAGE>
                   CHRIS-CRAFT INDUSTRIES, INC.
           CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                     (In thousands of dollars)
                            (UNAUDITED)
           -----------------------------------------------
                                                    Three Months
                                                   Ended March 31,
                                                 --------------------
                                                    2000       1999
                                                 ---------  ---------
CASH FLOWS FROM OPERATING ACTIVITIES:
 Net income                                      $   2,935  $     748
 Adjustments to reconcile net income to net
  cash provided from operating activities:
    Film contract payments                         (27,092)   (24,808)
    Film contract amortization                      25,378     22,646
    Depreciation and other amortization              6,336      5,776
    Equity loss and other related to
      United Paramount Network                      35,696     30,150
    Minority interest                                4,727      3,744
    Other                                           (1,799)      (563)
    Changes in assets and liabilities:
      Accounts receivable                           13,516     10,123
      Other assets                                  (6,226)    (6,143)
      Accounts payable and other liabilities        (1,928)    (2,110)
      Income taxes                                   2,570      3,509
                                                 ---------  ---------
          Net cash provided from operating
           activities                               54,113     43,072
                                                 ---------  ---------
CASH FLOWS FROM INVESTING ACTIVITIES:
 Disposition of marketable securities, net         152,258     12,665
 Investment in United Paramount Network            (29,293)   (33,125)
 Other investments                                  (1,608)   (10,708)
 Capital expenditures, net                          (3,933)    (2,323)
 Other                                                (384)      (244)
                                                 ---------  ---------
          Net cash provided from (used in)
           investing activities                    117,040    (33,735)
                                                 ---------  ---------
CASH FLOWS FROM FINANCING ACTIVITIES:
 Capital transactions of subsidiaries               (7,289)    (4,117)
 Purchase of treasury stock                           -        (8,392)
 Proceeds from option exercises                      1,868        172
 Other                                                (182)      (183)
                                                 ---------  ---------
          Net cash used in financing activities     (5,603)   (12,520)
                                                 ---------  ---------
NET INCREASE (DECREASE) IN CASH AND
 CASH EQUIVALENTS                                  165,550     (3,183)

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD     119,427    204,297
                                                 ---------  ---------
CASH AND CASH EQUIVALENTS, END OF PERIOD         $ 284,977  $ 201,114
                                                 =========  =========
The accompanying notes to condensed consolidated financial statements
              are an integral part of these statements.


                       CHRIS-CRAFT INDUSTRIES, INC.
                       ----------------------------
          NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
          ----------------------------------------------------

1.   PRINCIPLES OF CONSOLIDATION:

     The accompanying condensed consolidated financial statements include
the accounts of Chris-Craft Industries, Inc. and its subsidiaries,
including Chris-Craft's majority owned (80.0% at March 31, 2000)
television broadcasting subsidiary, BHC Communications, Inc., and BHC's
majority owned (57.9% at March 31, 2000) subsidiary, United Television,
Inc. (UTV).  The pro rata interests of BHC and UTV minority shareholders
in the net income of the respective companies are reflected in minority
interest in the accompanying condensed consolidated statements of income.
The minority shareholders' interests in the net assets of BHC and UTV are
reflected as minority interest in the accompanying condensed consolidated
balance sheets.  Intercompany accounts and transactions have been
eliminated.

     The financial information included herein has been prepared by
Chris-Craft, without audit, pursuant to the rules and regulations of the
Securities and Exchange Commission.  Certain information and footnote
disclosures normally included in financial statements prepared in
accordance with generally accepted accounting principles have been
condensed or omitted pursuant to such rules and regulations.  However,
Chris-Craft believes that the disclosures herein are adequate to make the
information presented not misleading.  It is suggested that these
condensed consolidated financial statements be read in conjunction with
the financial statements and the notes thereto included in Chris-Craft's
latest annual report on Form 10-K.  The information furnished reflects
all adjustments (consisting only of normal recurring adjustments) which
are, in the opinion of management, necessary for a fair statement of the
results for the interim periods. The results for these interim periods
are not necessarily indicative of results to be expected for the full
year, due to seasonal factors, among others.

2.   MARKETABLE SECURITIES:

     All of Chris-Craft's marketable securities have been categorized as
available-for-sale and are carried at fair market value.  Since
marketable securities are available for current operations, all are
included in current assets.

     At March 31, 2000, Chris-Craft's marketable securities consisted of
U.S. Government securities, which had a cost of $985,077,000 and a fair
value of $982,609,000, and equity securities, which had a cost of
$101,480,000 and a fair value of $122,887,000.  The difference between
aggregate cost and fair value of $18,939,000 ($8,180,000, net of income
taxes and minority interests) is reflected as an increase to
shareholders' investment in the accompanying condensed consolidated
balance sheet.  Of the investments in U.S. Government securities, all
mature within seventeen months.

     At December 31, 1999, Chris-Craft's marketable securities consisted
of U.S. Government securities, which had a cost of $1,149,089,000 and a
fair value of $1,146,604,000, and equity securities, which had a cost of
$75,342,000 and a fair value of $93,637,000.  The difference between
aggregate cost and fair value of $15,810,000 ($6,654,000, net of income
taxes and minority interests) is reflected as an increase to
shareholders' investment in the accompanying condensed consolidated
balance sheet.

3.   UNITED PARAMOUNT NETWORK:

     In July 1994, BHC, along with Viacom Inc.'s Paramount Television
Group, formed the United Paramount Network, a broadcast television
network which premiered in January 1995.  BHC owned 100% of UPN from its
inception through January 15, 1997, when Viacom completed the exercise of
its option to acquire a 50% interest in UPN. On March 31, 2000, BHC sold
its remaining 50% interest in UPN to Viacom for $5 million, after Viacom
triggered the "buy-sell" provision of the Companies' partnership
agreement.  As a result of the sale, BHC has no further ownership
interest in the network or obligation to fund UPN's operations.

     UPN had been organized as a partnership, and BHC accounted for its
partnership interest under the equity method.  The carrying value of such
interest totalled $9,821,000 at December 31, 1999, and is included in
Investments in the accompanying condensed consolidated balance sheet.
Equity loss and other related to United Paramount Network in the
accompanying income statements totalled $35,696,000 for the three months
ended March 31, 2000 and includes equity loss in UPN of $22,574,000, loss
on sale of BHC's interest in UPN of $11,347,000, and related expenses of
$1,775,000.

     UPN's condensed statements of operations are as follows (in
thousands):

                                  Three Months
                                 Ended March 31,
                               -------------------
                                  2000      1999
                               --------  --------
          Operating revenues   $ 36,535  $ 30,454
          Operating expenses     81,964    91,064
                               --------  --------
              Operating loss    (45,429)  (60,610)
          Other income, net         281       310
                               --------  --------
              Net loss         $(45,148) $(60,300)
                               ========  ========

4.   SHAREHOLDERS' INVESTMENT:

     Chris-Craft paid 3% stock dividends on its common and Class B common
stock in the respective shares of such classes on April 14, 2000.  During
the three months ended March 31, 2000, 42,880 shares of Class B common
stock were converted into 42,880 shares of common stock, and 86 shares of
$1.40 convertible preferred stock were converted into 2,996 shares of
common stock.  In addition, 43,132 shares of common stock were issued
upon exercise of stock options.  As of March 31, 2000, 586,602 shares of
common stock and 12,899 shares of $1.00 prior preferred stock remained
authorized for purchase.

     As of March 31, 2000, shares of Chris-Craft's authorized but
unissued common stock were reserved for issuance as follows:

                                                        Shares
                                                      ----------
    Conversion of Class B common stock                 8,193,044
    Conversion of $1.40 convertible preferred stock    8,417,801*
    Stock options (including options
      outstanding for 3,759,387 shares)                5,128,962
                                                      ----------
                                                      21,739,807
                                                      ==========
         *Including Class B common shares.

5.   COMPREHENSIVE INCOME:

     Other comprehensive income includes only unrealized gains and losses
on marketable securities classified as available-for-sale (see Note 2),
net of a reclassification adjustment for gains (losses) included in net
income.  Comprehensive income is as follows (in thousands):

                                                     Three Months
                                                        Ended
                                                       March 31,
                                                   ----------------
                                                     2000    1999
                                                   -------  -------
Net income                                         $ 2,935  $   748
Other comprehensive income, net of
 taxes and minority interests                        1,526    2,425
                                                   -------  -------
Comprehensive income                               $ 4,461  $ 3,173
                                                   =======  =======

6.   CAPITAL TRANSACTIONS OF SUBSIDIARIES:

     Since April 1990, BHC's Board of Directors has authorized the
purchase of up to 7,081,087 Class A common shares.  Through December 31,
1998, 6,895,590 shares were purchased, including 226,503 shares from UTV
in June 1998, for a total cost of $516.5 million.  No additional shares
have been purchased by BHC since December 31, 1998 and at March 31, 2000,
185,497 Class A common shares remained authorized for purchase.  From
January 1, 1998 through March 31, 2000, UTV purchased 76,900 of its
common shares at an aggregate cost of $7.8 million.  No shares were
purchased during the first three months of 2000 or 1999.

     Such purchases, together with proceeds from the exercise of UTV
stock options, BHC's special dividend ($2.00 per share in 2000 and $1.00
per share in 1999), and UTV's $.50 per share dividend in both periods,
are reflected in capital transactions of subsidiaries in the accompanying
condensed consolidated statements of cash flows, net of intercompany
eliminations and minority interests.

7.   COMMITMENTS AND CONTINGENCIES:

     Commitments of Chris-Craft's television stations for film contracts
entered into but not available for broadcasting at March 31, 2000
aggregated approximately $282.5 million, including $79.0 million
applicable to UTV.

     As set forth in Note 9 of Notes to Consolidated Financial Statements
in Chris-Craft's 1999 Annual Report, Chris-Craft has been named as a
defendant (or a "potentially responsible party") in certain actions
seeking recovery for environmental damage allegedly related to (i) the
activities (discontinued since 1983) of 50% owned Montrose Chemical
Corporation of California ("Montrose California") and (ii) the activities
of Montrose Chemical Co., a predecessor company to Chris-Craft.  Chris-
Craft does not presently consider liability to be "probable" in any of
the Montrose California related matters and is unable to determine at
this stage if it could have any liability regarding Montrose Chemical Co.
Accordingly, no amount has been reserved in Chris-Craft's financial
statements relating to these matters.

     In April 1999, a jury awarded damages totalling $7.3 million
(approximately $8.4 million including interest and legal fees through
March 31, 2000) to a former WWOR employee who filed suit alleging
discrimination by the station.  The station and its counsel believe the
award to be unjustified and have filed an appeal which is expected to be
heard in late 2000.  It is not possible to reasonably estimate the
amount, if any, which ultimately will be paid.  Accordingly, no amount
has been reserved in Chris-Craft's financial statements relating to this
matter.

     UTV remains obligated for possible future consideration relating to
the 1999 purchase of WRBW in Orlando, Florida, of up to $25 million.

8.   EARNINGS PER SHARE:

     Computations of earnings per share, all of which give retroactive
effect to the April 2000 3% stock dividend, are as follows (in thousands
of dollars except per share amounts):

                                                Three Months
                                               Ended March 31,
                                           ----------------------
                                              2000        1999
                                           ----------  ----------
BASIC:
------
Weighted average common and Class B
  common shares outstanding                34,820,757  34,610,857
                                           ==========  ==========
Net income                                 $    2,935  $      748
Less:  Preferred stock dividends                 (100)       (101)
                                           ----------  ----------
Income available to common shareholders    $    2,835  $      647
                                           ==========  ==========
Basic earnings per share                   $      .08  $      .02
                                           ==========  ==========

<PAGE>
DILUTED:
--------
Weighted average common and Class B common
  shares outstanding                       34,820,757  34,610,857
Assumed conversion of $1.40
 preferred stock                            8,419,957   8,472,197
Assumed exercise of stock options             844,611     208,381
                                           ----------  ----------
Total shares used in computation           44,085,325  43,291,435
                                           ==========  ==========
Income available to common shareholders    $    2,835  $      647
Convertible preferred stock dividend               82          83
Dilution of UTV net income from UTV
 stock options                                    (14)         (8)
                                           ----------  ----------
Income available assuming dilution         $    2,903  $      722
                                           ==========  ==========
Diluted earnings per share                 $      .07  $      .02
                                           ==========  ==========

9.   SEGMENT REPORTING:

     Chris-Craft has two reportable segments, the Television Division and
the Industrial Division.

     Operating revenues and operating income for the first quarter of
2000 and 1999 are as follows (in thousands):

                         Operating Revenues         Operating Income
                         ------------------        ------------------
                           2000      1999            2000      1999
                         --------  --------        --------  --------
  Television Division    $121,966  $106,495        $ 32,943  $ 23,373
  Industrial Division       5,868     4,965           1,305       785
  Corporate and other        -         -             (5,423)   (4,592)
                         --------  --------        --------  --------
                         $127,834  $111,460        $ 28,825  $ 19,566
                         ========  ========        ========  ========


<PAGE>
                     CHRIS-CRAFT INDUSTRIES, INC.
                     ----------------------------

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
        -------------------------------------------------
        CONDITION AND RESULTS OF OPERATIONS
        -----------------------------------

Liquidity and Capital Resources
-------------------------------

     Chris-Craft's financial position continues to be strong and highly
liquid.  Cash and marketable securities totalled $1.39 billion at March
31, 2000, and Chris-Craft has no debt outstanding. Chris-Craft's 80.0%
owned television broadcasting subsidiary, BHC Communications, Inc.,
invested significant funds in United Paramount Network from UPN's
inception in 1994 until March 31, 2000, when BHC sold its remaining 50%
interest in the network.

     Chris-Craft's operating cash flow is generated primarily by its
Television Division's core television station group.  Broadcast cash flow
reflects station operating income plus depreciation and film contract
amortization less film contract payments.  The relationship between film
contract payments and related amortization may vary greatly between
periods (payments exceeded amortization by $1.7 million in the three
month period ended March 31, 2000 and by $2.2 million in the
corresponding 1999 period), and is dependent upon the mix of programs
aired and payment terms of the stations' contracts.  Reflecting such
amounts, broadcast cash flow in the first three months of 2000 increased
40%, while station earnings increased 38%, as explained below.  Although
broadcast cash flow is often used in the broadcast television industry as
an ancillary measure, it is not synonymous with operating cash flow
computed in accordance with generally accepted accounting principles, and
should not be considered alone or as a substitute for measures of
performance computed in accordance with generally accepted accounting
principles.

     Chris-Craft's cash flow additionally reflects earnings associated
with its cash and marketable securities, most of which are held by BHC.
Such balances rose slightly, to $1.39 billion at March 31, 2000, from
$1.36 billion at December 31, 1999.  Such $31 million increase reflects
first quarter operating cash flow of $54.1 million, which was partially
offset by final UPN funding totalling $29.3 million.

     BHC generates most of Chris-Craft's consolidated cash flow.  Parent
company obligations consist solely of corporate office expenditures,
current and accrued.  Most parent company cash flow in recent years has
been provided from the receipt by Chris-Craft of its share of special
dividends paid by BHC.  BHC paid a $2.00 per share special cash dividend
in February 2000, aggregating $45.0 million (of  which Chris-Craft
received $36.0 million), and a  $1.00 per share special cash dividend
(through which Chris-Craft received $18 million) in each of the previous
three years.  BHC plans to consider annually the payment of a special
dividend.

     Since April 1990, BHC's Board of Directors has authorized the
purchase of up to 7,081,087 Class A common shares.  Through December 31,
1998, 6,895,590 shares were purchased for a total cost of $516.5 million.
No additional shares have been purchased by BHC since December 31, 1998
and at March 31, 2000, 185,497 Class A common shares remained authorized
for purchase.  From January 1, 1998 through March 31, 2000, UTV purchased
76,900 of its common shares for a total cost of $7.8 million.  No
additional shares have been purchased by UTV during the first three
months of 2000, and 721,249 shares remain authorized for purchase.

     Chris-Craft intends to further expand its operations in the media,
entertainment and communications industries and to explore business
opportunities in other industries.  Chris-Craft believes it is capable of
raising significant additional capital to augment its already substantial
financial resources, if desired, to fund such additional expansion.

     In July 1994, BHC, along with Viacom Inc.'s Paramount Television
Group, formed UPN, a broadcast television network that premiered in
January 1995.  BHC owned 100% of UPN from its inception through January
15, 1997, when Viacom completed the exercise of its option to acquire a
50% interest in UPN.  Since then, BHC and Viacom shared equally in UPN
losses and funding requirements through March 31, 2000.

     On March 31, 2000, BHC sold its remaining 50% interest in UPN  to
Viacom for $5 million, after Viacom triggered the "buy-sell" provision of
the companies' partnership agreement.  The $11.3 million pretax loss on
the sale, together with BHC's final share of UPN's losses, are reflected
in Chris-Craft's 2000 first quarter operating results.  BHC has no
remaining financial obligation to UPN.

     Chris-Craft's television stations make commitments for programming
that will not be available for telecasting until future dates.  At March
31, 2000, commitments for such programming totalled approximately $282.5
million, including $79.0 million applicable to UTV.  Chris-Craft's
capital expenditures generally have not been material in relation to its
financial position, and the related capital expenditure commitments at
March 31, 2000 were not material.  Chris-Craft stations are continuing
the process of converting to digital television (DTV).  The conversion
requires the purchase of digital transmitting equipment to telecast over
newly assigned frequencies.  This conversion is expected to take a number
of years and will be subject to competitive market conditions.  Chris-
Craft expects that its expenditures for future film contract commitments
and capital requirements for its present business, including the cost to
convert to DTV, will be satisfied primarily from operations, marketable
securities or cash balances.

     As set forth in Note 7, Chris-Craft has been named as a defendant
(or a "potentially responsible party") in certain actions seeking
recovery for environmental damage allegedly related to (i) the activities
(discontinued since 1983) of 50% owned Montrose Chemical Corporation of
California ("Montrose California") and (ii) the activities of Montrose
Chemical Co., a predecessor company to Chris-Craft.  As further set forth
in Note 7, Chris-Craft does not presently consider liability to be
"probable" in any of the Montrose California related matters and believes
it has been erroneously identified as a potentially responsible party and
is unable to determine at this stage if it could have any liability
regarding Montrose Chemical Co.  Accordingly, no amount has been reserved
in Chris-Craft's financial statements relating to these matters.


Quantitative and Qualitative Disclosures about Market Risk
----------------------------------------------------------

     Chris-Craft is subject to certain market risk relating to its
marketable securities holdings, which are all held for other than trading
purposes.  The table below provides information as of March 31, 2000
about the U.S. Government securities which are subject to interest rate
sensitivity and the equity securities which are subject to equity market
sensitivity.

(in thousands)
                                        Cost            Fair Value
                                        ----            ----------

  U.S. Government securities         $   985,077        $   982,609
  Equity securities                  $   101,480        $   122,887


Results of Operations
---------------------

     Chris-Craft net income in the first quarter of 2000 totalled
$2,935,000, or $.08 per share ($.07 per share diluted), compared to net
income of $748,000, or $.02 per share ($.02 per share diluted), in the
first quarter of 1999.  The increase in net income reflects record first
quarter operating income, which more than offset the increase in losses
attributable to BHC's former interest in United Paramount Network.

     Operating revenues and operating income for the first quarters ended
March 31, 2000 and 1999 are as follows (in thousands):

                         Operating Revenues    Operating Income
                         ------------------  ------------------
                           2000      1999      2000      1999
                         --------  --------  --------  --------
  Television Division    $121,966  $106,495  $ 32,943  $ 23,373
  Industrial Division       5,868     4,965     1,305       785
  Corporate and other        -         -       (5,423)   (4,592)
                         --------  --------  --------  --------
                         $127,834  $111,460  $ 28,825  $ 19,566
                         ========  ========  ========  ========

     Operating revenues at the Television Division's station group rose
15%, to a first quarter record $119,654,000 from the prior year's
$104,423,000, and same station revenues rose 12%.  Stations operating in
the group's largest markets, New York, Los Angeles and San Francisco, led
the strong revenue growth.  Station earnings in the quarter accordingly
increased 38%, to a first quarter record of $36,815,000, from last year's
$26,699,000.  Television Division operating income, which additionally
reflects non-broadcasting operations and corporate office expenses of BHC
and UTV, also established a first quarter record, increasing 41%, to
$32,943,000 from $23,373,000.

     Industrial Division operating income rose 66%, to a first quarter
record $1,305,000 from last year's $785,000, reflecting an 18% increase
in operating revenues, most of which increase was generated by the
Division's plastic flexible film business.  Consolidated operating income
also set a first quarter record, increasing 47%, to $28,825,000 from
$19,566,000 last year.

     Interest and other income, which consists mostly of amounts earned
on Chris-Craft's $1.4 billion consolidated cash and marketable securities
holdings, totalled $20,533,000, compared to $18,676,000 in last year's
first quarter.

     BHC's first quarter loss associated with its former interest in UPN
totalled $35,696,000, compared to $30,150,000 in the corresponding 1999
period.  This year's amount includes an $11,347,000 pretax loss realized
on the March 31, 2000 sale to Viacom of BHC's 50% interest in UPN,  as
well as BHC's final share of UPN's losses.  BHC has no remaining
financial obligation to UPN.

     Minority interest reflects the interest of shareholders other than
Chris-Craft in the net income of BHC, 80% owned by Chris-Craft at March
31, 2000 and 79.96% owned by Chris-Craft at March 31, 1999, and the
interest of shareholders other than BHC in the net income of UTV, 57.9%
owned by BHC at March 31, 2000 and 58.5% owned by BHC at March 31, 1999.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
        ----------------------------------------------------------

     The information appearing in Management's Discussion and Analysis
under the caption "Quantitative and Qualitative Disclosures about Market
Risk" is incorporated herein by this reference.



<PAGE>
                    CHRIS-CRAFT INDUSTRIES, INC.
                    ----------------------------
                     PART II. OTHER INFORMATION
                     --------------------------

Item 6.        Exhibits and Reports on Form 8-K.
               ---------------------------------

     (a)     The following exhibits are filed herewith:

        Exhibit No.            Description
        -----------            -----------

           27                  Financial Data Schedule

     (b)     No report on Form 8-K was filed during the quarter for which
this report is filed.


                             SIGNATURE
                             ---------

          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 thereunto duly authorized.


                                     CHRIS-CRAFT INDUSTRIES, INC.
                                     ----------------------------
                                             (Registrant)


                                  By:    /s/ JOELEN K. MERKEL
                                     ----------------------------
                                           Joelen K. Merkel
                                  Senior Vice President and Treasurer
                                     (Principal Accounting Officer)

Date: May 11, 2000


                          EXHIBIT INDEX


Incorporated by
Reference to:        Exhibit No.              Exhibit
-------------        -----------              -------

                        27           Financial Data Schedule