Page 1
               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        September 30, 1998
                               ---------------------------------- 
                             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: 1-10342
                 -------------------------------
                     BHC COMMUNICATIONS, INC.
                     ------------------------
        (Exact name of Registrant as specified in its charter)
          Delaware                        59-2104168
------------------------------       --------------------------
(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 October 31, 1998 there were 4,515,405 shares of the
issuer's Class A Common Stock outstanding and 18,000,000 shares
of the issuer's Class B Common Stock outstanding.

<PAGE>
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<TABLE>
                        PART I -- FINANCIAL INFORMATION
                         ITEM 1. FINANCIAL STATEMENTS
                            BHC COMMUNICATIONS, INC.
                     CONDENSED CONSOLIDATED BALANCE SHEETS
                           (In thousands of dollars)
                                  (UNAUDITED)
                     -------------------------------------
<CAPTION>
                                                      September 30,   December 31,
                                                          1998            1997
                                                      ------------   ------------
<S>                                                   <C>            <C>
ASSETS
------
CURRENT ASSETS:
  Cash and cash equivalents                           $    299,587   $    282,504
  Marketable securities (substantially
    all U.S. Government securities)                      1,086,588      1,204,776
  Accounts receivable, net                                  72,831         86,198
  Film contract rights                                     115,637         95,859 
  Prepaid expenses and other current assets                 38,136         44,533
                                                      ------------   ------------
    Total current assets                                 1,612,779      1,713,870
                                                      ------------   ------------
INVESTMENTS                                                 72,537         47,594
                                                      ------------   ------------
FILM CONTRACT RIGHTS, less current portion                  32,564         26,118
                                                      ------------   ------------
PROPERTY AND EQUIPMENT, net                                 47,064         45,180 
                                                      ------------   ------------
INTANGIBLE ASSETS                                          373,183        303,827
                                                      ------------   ------------
OTHER ASSETS                                                 6,903          5,899
                                                      ------------   ------------
                                                      $  2,145,030   $  2,142,488 
                                                      ============   ============
<FN> 
         The accompanying notes to condensed consolidated financial statements
                      are an integral part of these statements.
</TABLE>

<PAGE>
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<TABLE>
                            BHC COMMUNICATIONS, INC.
                     CONDENSED CONSOLIDATED BALANCE SHEETS
                           (In thousands of dollars)
                                  (UNAUDITED)
                     -------------------------------------
<CAPTION>
                                                     September 30,   December 31,
                                                          1998           1997
                                                     -------------   ------------
<S>                                                   <C>            <C>
LIABILITIES AND SHAREHOLDERS' INVESTMENT
----------------------------------------
CURRENT LIABILITIES:
  Film contracts payable within one year             $    101,580    $     98,033
  Accounts payable and accrued expenses                    96,991          87,768
  Income taxes payable                                     38,562          28,129
                                                     ------------    ------------
    Total current liabilities                             237,133         213,930
                                                     ------------    ------------
FILM CONTRACTS PAYABLE AFTER ONE YEAR                      73,186          70,934
                                                     ------------    ------------
OTHER LIABILITIES                                          15,004          17,197
                                                     ------------    ------------
MINORITY INTEREST                                         133,453         115,473
                                                     ------------    ------------
SHAREHOLDERS' INVESTMENT:
  Class A common stock - par value $.01 per share;
    authorized 200,000,000 shares; outstanding
    5,026,108 shares                                           50              50
  Class B common stock - par value $.01 per share;
    authorized 200,000,000 shares; outstanding 
    18,000,000 shares                                         180             180
  Retained earnings                                     1,734,998       1,723,402 
  Treasury stock, at cost                                 (62,539)         (6,627) 
  Increase to reflect marketable securities
    at fair value                                          13,565           7,949
                                                     ------------    ------------
                                                        1,686,254       1,724,954 
                                                     ------------    ------------
                                                     $  2,145,030    $  2,142,488 
                                                     ============    ============
<FN>
         The accompanying notes to condensed consolidated financial statements
                      are an integral part of these statements.
</TABLE>

<PAGE>
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<TABLE>
                             BHC COMMUNICATIONS, INC.
                   CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                 (In thousands of dollars except per share data)
                                   (UNAUDITED)
                 -----------------------------------------------
<CAPTION>
                                           Three Months         Nine Months
                                       Ended September 30,   Ended September 30,
                                       --------------------  --------------------
                                          1998       1997       1998       1997
                                       ---------  ---------  ---------  ---------  
<S>                                    <C>        <C>        <C>        <C>
OPERATING REVENUES                     $ 102,794  $ 105,998  $ 322,869  $ 325,951
                                       ---------  ---------  ---------  ---------
OPERATING EXPENSES:  
  Television expenses                     52,023     54,070    155,347    156,894
  Selling, general and administrative     30,088     31,111     99,083     97,167
                                       ---------  ---------  ---------  ---------
                                          82,111     85,181    254,430    254,061
                                       ---------  ---------  ---------  ---------
    Operating income                      20,683     20,817     68,439     71,890
                                       ---------  ---------  ---------  ---------
OTHER INCOME (EXPENSE):
  Interest and other income               20,168     21,066     58,964     61,706
  Equity in United Paramount 
   Network loss                          (10,438)   (19,579)   (52,819)   (53,881)
  Gain on change of ownership in 
   United Paramount Network                 -          -          -       152,224
                                       ---------  ---------  ---------  ---------
                                           9,730      1,487      6,145    160,049
                                       ---------  ---------  ---------  ---------
    Income before income taxes
      and minority interest               30,413     22,304     74,584    231,939

INCOME TAX PROVISION                      11,100      9,400     27,100     93,300
                                       ---------  ---------  ---------  ---------
    Income before minority interest       19,313     12,904     47,484    138,639

MINORITY INTEREST                         (3,501)    (4,190)   (11,077)   (13,017)
                                       ---------  ---------  ---------  ---------
    Net income                         $  15,812  $   8,714  $  36,407  $ 125,622
                                       =========  =========  =========  =========

Earnings per share:
  Basic                                $     .70  $     .37  $    1.61  $    5.36
                                       =========  =========  =========  =========
  Diluted                              $     .70  $     .37  $    1.60  $    5.35
                                       =========  =========  =========  =========

<FN>
   The accompanying notes to condensed consolidated financial statements
                are an integral part of these statements.
</TABLE>

<PAGE>
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<TABLE>
                            BHC COMMUNICATIONS, INC.
                CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                           (In thousands of dollars)
                                  (UNAUDITED)
                -----------------------------------------------
<CAPTION>
                                                               Nine Months
                                                            Ended September 30,
                                                         ------------------------
                                                             1998         1997
                                                         -----------  -----------
<S>                                                      <C>          <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
 Net income                                              $    36,407  $   125,622
 Adjustments to reconcile net income to net cash
  provided from operating activities:
     Film contract payments                                  (75,654)     (73,734)
     Film contract amortization                               61,506       68,660
     Prepaid broadcast rights                                   -          21,114
     Depreciation and other amortization                      15,995       14,372
     Equity in United Paramount Network loss                  52,819       53,881
     Gain on change of ownership in United
       Paramount Network                                        -        (152,224)
     Minority interest                                        11,077       13,017
     Other                                                    (3,395)       1,333
     Changes in assets and liabilities:
       Accounts receivable                                    13,367        9,836
       Other assets                                              853       (9,026)
       Accounts payable and other liabilities                  3,002        4,532
       Income taxes                                            8,164       25,849
                                                         -----------  -----------
   Net cash provided from operating activities               124,141      103,232
                                                         -----------  -----------
CASH FLOWS FROM INVESTING ACTIVITIES:
 Station acquisition (includes $77,668 of intangibles)       (80,280)        -
 Distribution from United Paramount Network                     -         116,261
 Disposition (purchase) of marketable securities, net        131,349      (58,784)
 Investment in United Paramount Network                      (57,000)     (26,235)
 Other investments                                           (21,699)      (3,618)
 Capital expenditures, net                                    (6,999)      (5,564)
 Other                                                           (19)         (36)
                                                         -----------  -----------
    Net cash (used in) provided from investing activities    (34,648)      22,024
                                                         -----------  -----------
CASH FLOWS FROM FINANCING ACTIVITIES:
 Payment of special dividend                                 (22,738)     (23,599)
 Purchases of treasury stock                                 (44,110)     (56,735)
 Capital transactions of subsidiary                           (5,562)      (1,096)
                                                         -----------  -----------
    Net cash used in financing activities                    (72,410)     (81,430)
                                                         -----------  -----------
NET INCREASE IN CASH AND CASH EQUIVALENTS                     17,083       43,826

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD               282,504      146,751
                                                         -----------  -----------
CASH AND CASH EQUIVALENTS, END OF PERIOD                 $   299,587  $   190,577
                                                         ===========  ===========
<FN>    The accompanying notes to condensed consolidated financial statements
                   are an integral part of these statements.
</TABLE>

<PAGE>
Page 6 
                         BHC COMMUNICATIONS, INC.
                         ------------------------
           NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
           ----------------------------------------------------

1.   PRINCIPLES OF CONSOLIDATION:

     The accompanying condensed consolidated financial statements
include the accounts of BHC Communications, Inc. and its subsidiaries. 
BHC, a majority owned (79.9% at September 30, 1998) subsidiary of
Chris-Craft Industries, Inc., operates nine television stations, three
wholly owned and six owned by United Television, Inc. (UTV), 58.6%
owned by BHC at September 30, 1998.  The interest of UTV shareholders
other than BHC in the net income and net assets of UTV is set forth as
minority interest in the accompanying condensed consolidated
statements of income and condensed consolidated balance sheets,
respectively.  Intercompany accounts and transactions have been
eliminated.

     The financial information included herein has been prepared by
BHC, 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,
BHC 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 BHC'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. 
Certain prior year amounts have been restated to conform with the 1998
presentation.

2.   MARKETABLE SECURITIES:

     In accordance with Statement of Financial Accounting Standards
(SFAS) No. 115, "Accounting for Certain Investments in Debt and Equity
Securities", BHC classifies its marketable securities as available-
for-sale.

     At September 30, 1998, BHC's marketable securities, which
consisted substantially of U.S. Government securities, had a cost of
$1,063,732,000 and a fair value of $1,086,588,000.  The difference of
$22,856,000 ($13,565,000, net of income taxes and minority interest)
is reflected as an increase to shareholders' investment in the
accompanying condensed consolidated balance sheet.  Of the investments
in U.S. Government securities, 97% mature within one year, and all
within two years.

     At December 31, 1997, BHC's marketable securities, which
consisted substantially of U.S. Government securities, had a cost of  

<PAGE>
Page 7

$1,191,173,000 and a fair value of $1,204,776,000.  The difference of
$13,603,000 ($7,949,000, net of income taxes and minority interest) 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 fifth 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.  The
purchase price included $155 million in cash (an amount equal to one-
half of BHC's aggregate cash contributions to UPN through the exercise
date, plus interest), additional cash available for ongoing UPN
expenditures, as well as a non-cash contribution of UPN development
costs previously incurred by Viacom.  UPN distributed $116,261,000 to
BHC pursuant to the option exercise, and BHC recorded a net pretax
gain on the exercise of $152,224,000 in the first quarter of 1997. 
BHC and Viacom now share equally in UPN funding requirements and in
UPN losses.

     UPN has been organized as a partnership, and BHC accounts for its
partnership interest under the equity method.  The carrying value of
such interest totalled $5,293,000 at September 30, 1998 and $1,112,000
at December 31, 1997, and is included in Investments in the
accompanying condensed consolidated balance sheets.  UPN is still in
its early development and is expected to continue to incur significant
start-up losses and to require significant funding for the next
several years.  However, BHC believes that the funds from the Viacom
option exercise will substantially offset its aggregate UPN funding
for 1997 and 1998. 

     UPN's condensed statements of operations are as follows (in
thousands):
                             Three Months          Nine Months
                         Ended September 30,   Ended September 30,
                         -------------------   -------------------
                            1998      1997        1998      1997
                         --------- ---------   --------- ---------
    Operating revenues*  $  19,012 $  21,987   $  66,808 $  54,896
    Operating expenses*     40,266    61,358     173,623   159,323
                         --------- ---------   --------- ---------
        Operating loss     (21,254)  (39,371)   (106,815) (104,427)
    Other income, net          379       213       1,177     1,327
                         --------- ---------   --------- ---------
        Net loss         $ (20,875)$ (39,158)  $(105,638)$(103,100)
                         ========= =========   ========= =========

    * With respect to certain of its programming, through August 31,
      1997 UPN derived no revenue and incurred no programming expense.

4.   SHAREHOLDERS' INVESTMENT:

     As of September 30, 1998, there were outstanding 18,000,000 

<PAGE>
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shares of Class B common stock, all held by Chris-Craft, and 4,515,405
shares of Class A common stock, after reflecting as treasury stock
510,703 Class A common shares purchased by BHC during 1998, including
226,503 shares from UTV.  At September 30, 1998, 189,297 shares of
Class A common stock remain authorized for purchase.  In January 1998,
BHC's Board of Directors declared a special cash dividend of $1.00 per
share on BHC's Class A and Class B common stock.  The dividend,
totalling $22.7 million, was paid in February 1998.

     Capital transactions of subsidiary, as set forth in the
accompanying condensed consolidated statements of cash flows, reflect
purchases by UTV of its common shares totalling $7,010,000 and
$2,430,000 in the first nine months of 1998 and 1997, respectively,
and proceeds to UTV of $3,382,000 and $3,267,000 in the first nine
months of 1998 and 1997, respectively, from the exercise of stock
options.

5.   COMPREHENSIVE INCOME:

     Effective January 1, 1998, BHC adopted Statement of Financial
Accounting Standards No. 130, "Reporting Comprehensive Income."  Other
comprehensive income (loss) 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           Nine Months
                            Ended September 30,   Ended September 30, 
                            --------------------  --------------------
                                1998      1997        1998     1997    
                            ---------  ---------  ---------  ---------
Net income                  $  15,812  $   8,714  $  36,407  $ 125,622
Other comprehensive income
 (loss), net of taxes and
 minority interest             (2,648)     1,013      5,616      1,765
                            ---------  ---------  ---------  ---------
Comprehensive income        $  13,164  $   9,727  $  42,023  $ 127,387
                            =========  =========  =========  =========


6.   COMMITMENTS:

     Commitments of BHC's television stations for film contracts
entered into but not available for broadcasting at September 30, 1998
aggregated approximately $329.6 million, including $83.5 million
applicable to UTV.  BHC also has a remaining commitment to invest over
time up to $24.8 million, of which $14.8 million is to be invested in
management buyout limited partnerships, including $11.0 million
applicable to UTV.

     BHC expects to make significant expenditures developing UPN.  See 
Note 3.

     In 1997, UTV signed a definitive agreement to purchase the assets
of UHF television station WRBW in Orlando, Florida, for approximately 

<PAGE>
Page 9

$60 million and possible future consideration.  The acquisition is
subject to FCC approval and other conditions in the agreement.

7.   EARNINGS PER SHARE:

     Computations of earnings per share are as follows (in thousands
of dollars except per share amounts):

                              Three Months            Nine Months
                           Ended September 30,    Ended September 30,
                         ---------------------  ----------------------
                            1998       1997        1998       1997
                         ---------- ----------  ---------- -----------
BASIC:
------
Weighted average common
 shares outstanding      22,515,405 23,261,974  22,647,280  23,440,298
                         ========== ==========  ========== ===========
Net income               $   15,812 $    8,714  $   36,407 $   125,622
                         ========== ==========  ========== ===========
Basic earnings per share $      .70 $      .37  $     1.61 $      5.36
                         ========== ==========  ========== ===========

DILUTED:
--------
Weighted average common
 shares outstanding      22,515,405 23,261,974  22,647,280  23,440,298
                         ========== ==========  ========== ===========
Net income               $   15,812 $    8,714  $   36,407 $   125,622

Dilution of UTV
 net income from UTV
 stock options                  (25)       (41)        (75)      (127)
                         ---------- ----------  ---------- -----------
                         $   15,787 $    8,673  $   36,332 $   125,495
                         ========== ==========  ========== ===========
Diluted earnings
 per share               $      .70 $      .37  $     1.60 $      5.35
                         ========== ==========  ========== ===========

<PAGE>
Page 10
                          BHC COMMUNICATIONS, INC.
                          ------------------------
                ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS
                --------------------------------------------
              OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
              ------------------------------------------------

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

BHC's financial position is strong and highly liquid.  Cash and
marketable securities totalled $1.39 billion at September 30, 1998,
and BHC has no debt outstanding.  BHC has expended significant funds
developing United Paramount Network since UPN's inception in 1994, but
cash flow provided from BHC's operating activities has exceeded such
BHC funding of UPN.

BHC's operating cash flow is generated primarily by its 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 $14.1 million in the first nine
months of 1998 and by $5.1 million in the corresponding 1997 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 nine months of 1998 declined 14.3%, while station
earnings declined only 5%, 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.

BHC's cash flow additionally reflects earnings associated with its
cash and marketable securities, which balances declined to $1.39
billion at September 30, 1998, from $1.49 billion at December 31,
1997.  Such decline occurred despite an increase in operating cash
flow, primarily due to the $80.3 million television station
acquisition, described below, UPN funding, treasury stock purchases
and the payment of a special dividend.  Operating cash flow for the
first nine months of 1998 rose to $124.1 million from $103.2 million,
despite the decline in broadcast cash flow, primarily because the 1997
amount includes income tax payments related to the UPN distribution
described below (the distribution is reported as a cash flow from
investing activities).

A special cash dividend of $1.00 per share, aggregating $22.7 million,
was paid in February 1998.  A similar $1.00 per share special 

<PAGE>
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dividend, aggregating $23.6 million, was paid by BHC in February 1997. 
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 September 30, 1998,
6,891,790 shares were purchased, including 226,503 shares from UTV,
for a total cost of $516.1 million, including $62.5 million in 1998. 
From 1993 through September 30, 1998, UTV purchased 1,454,376 of its
common shares at an aggregate cost of $94.1 million, of which $7.0
million was expended in the first nine months of 1998, and, at
September 30, 1998, 729,649 UTV shares remained authorized for
purchase.

In January 1998, UTV purchased the assets of UHF television station
WHSW, Channel 24, in Baltimore, Maryland for $80.3 million in cash. 
The station's call letters were changed to WUTB and the station became
a UPN affiliate.  UTV has signed a definitive agreement to purchase
the assets of WRBW in Orlando, Florida, for approximately $60 million
and possible future consideration.  UTV expects to use a portion of
available cash and marketable securities balances to complete this
transaction, which is subject to Federal Communications Commission
approval, as well as satisfaction of certain conditions.  BHC intends
to further expand its operations in the media, entertainment and
communications industries and to explore business opportunities in
other industries.  BHC 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 fifth 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.  The purchase price included
$155 million in cash (an amount equal to one-half of BHC's aggregate
cash contributions to UPN through the exercise date, plus interest),
additional cash available for ongoing UPN expenditures, as well as a
non-cash contribution of UPN development costs previously incurred by
Viacom.  UPN distributed $116.3 million to BHC following the closing
and BHC recorded a net pretax gain of $152.2 million on the
transaction in the first quarter of 1997.  BHC and Viacom now share
equally in UPN losses and funding requirements.  UPN, still in its
early development, incurred start-up losses of $170.2 million in 1997,
$146.3 million in 1996 and $129.3 million in 1995, and is expected for
the next several years to continue to incur substantial start-up
losses and to require significant funding.  BHC funding of UPN
totalled $57.0 million in the first nine months of 1998.

BHC's television stations make commitments for programming that will
not be available for telecasting until future dates.  At September 30, 

<PAGE>
Page 12

1998, commitments for such programming totalled approximately $329.6
million, including $83.5 million applicable to UTV.  BHC also has a
remaining commitment to invest over time up to $24.8 million, of which
$14.8 million is to be invested in management buyout limited
partnerships, including $11.0 million applicable to UTV.  BHC capital
expenditures generally have not been material in relation to its
financial position, and the related capital expenditure commitments at
September 30, 1998 (including any related to UPN) were not material. 
During 1998, BHC began the process of converting its stations to
digital television.  This conversion will require the purchase of
digital transmitting equipment to telecast over newly assigned
frequencies.  This conversion is expected to take place over a number
of years and will proceed as market conditions require.  BHC expects
that its expenditures for UPN, future film contract commitments and
capital requirements for its present business, including the cost to
convert to digital television, will be funded primarily from
operations, marketable securities or cash balances.

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

BHC net income in the third quarter of 1998 increased to $15,812,000,
or $.70 per share ($.70 per share diluted),compared to net income in
last year's period of $8,714,000, or $.37 per share ($.37 per share
diluted).  The increase in third quarter net income is primarily due
to differences in the timing of expenses incurred by 50% owned UPN,
which resulted in the network's posting a lower loss than in last
year's third quarter.  UPN incurred the significant expenses of its
fall schedule launch in this year's fourth quarter, but incurred
comparable expenses last year in the third quarter.

Net income for the first nine months of 1998 declined to $36,407,000,
or $1.61 per share ($1.60 per share diluted), from net income in last
year's corresponding period of $125,622,000, or $5.36 per share ($5.35
per share diluted), primarily reflecting the 1997 first quarter gain
of $152,224,000 recorded on the transaction through which BHC reduced
its UPN ownership interest to its current 50% from 100%.

Weighted average common shares outstanding declined to 22,515,000 from
23,262,000 in the third quarter, and to 22,647,000 from 23,440,000 in
the nine month period, following continuing purchases by BHC of its
Class A common shares.

Third quarter operating income totalled $20,683,000, just below last
year's $20,817,000.  Higher income at BHC's production subsidiaries
offset a decline in station earnings.  Station earnings declined 8%,
to $26,302,000 from $28,487,000, but declined 17% excluding amounts
associated with stock price based retirement plan expense.  Station
operating revenues, including those of WUTB, declined 3%, to 

<PAGE>
Page 13

$100,703,000 from $103,829,000.  Same station revenues in the quarter
declined 5%.

Operating income for the first nine months of 1998 declined 5%, to
$68,439,000 from $71,890,000, as a decline in station earnings and
WUTB goodwill amortization were only partially offset by higher
earnings at BHC's television production subsidiaries.  Station
earnings for the period declined 5%, to $86,543,000 from $90,731,000,
and declined 8% excluding amounts associated with stock price based
retirement plans.  Total station operating revenues declined 1%, to
$316,334,000 from $319,573,000, and same station revenues for the
period declined 2%.

UPN's third quarter loss declined substantially from last year's,
primarily due to UPN's delaying the premiere of its fall schedule to
early October.  BHC's 50% share of such loss totalled $10,438,000,
compared to last year's $19,579,000.  BHC's share of UPN's year to
date loss totalled $52,819,000 compared to last year's $53,881,000, as
higher UPN losses for the first six months of 1998, attributable in
part to mid-season programming changes, were offset by the effect of
the differing launch dates of UPN's fall schedule.

Interest and other income, which consists mostly of amounts earned on
cash and marketable securities holdings, totalled $20,168,000 in the
third quarter, compared to $21,066,000 last year, and totalled
$58,964,000 in the nine month period, compared to $61,706,000 last
year.  The impact of lower interest rates has been only partially
offset by an increase in gains on dispositions of marketable
securities.

BHC's effective income tax rate declined to 36% in 1998 from 40% in
1997 (42% in last year's third quarter), reflecting the recognition in
1998 of certain income tax credits.

Minority interest reflects the interest of shareholders other than BHC
in the net income of UTV, 59% owned by BHC at September 30, 1998 and
September 30, 1997.

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

Not applicable.

<PAGE>
Page 14
                      BHC COMMUNICATIONS, 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.


                                   BHC COMMUNICATIONS, INC.
                                   ------------------------
                                         (Registrant)

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

Date: November 12, 1998

<PAGE>
Page 15

                          EXHIBIT INDEX


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

                        27           Financial Data Schedule