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, 2001
                               ----------------------------------
                              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 April 30, 2001 there were 4,511,605 shares of the issuer's Class
A Common Stock outstanding and 18,000,000 shares of the issuer's Class
B Common Stock outstanding.


                       PART I -- FINANCIAL INFORMATION
                         ITEM 1. FINANCIAL STATEMENTS
                            BHC COMMUNICATIONS, INC.
                     CONDENSED CONSOLIDATED BALANCE SHEETS
                           (In thousands of dollars)
                                  (UNAUDITED)
                     -------------------------------------

                                            March 31,   December 31,
                                               2001         2000
                                           ------------ ------------
ASSETS
------
CURRENT ASSETS:
  Cash and cash equivalents                $   545,798  $    235,796
  Marketable securities (substantially
    all U.S. Government securities)          1,018,371     1,136,103
  Income tax refund receivable                   5,271       129,649
  Accounts receivable, net                      79,115       102,056
  Film contract rights                         129,076       121,135
  Prepaid expenses and other current assets     43,975        46,978
                                          ------------  ------------
    Total current assets                     1,821,606     1,771,717
                                          ------------  ------------
INVESTMENTS                                     87,141        87,162
                                          ------------  ------------
FILM CONTRACT RIGHTS, less current portion     119,325        43,978
                                           ------------  ------------
PROPERTY AND EQUIPMENT, net                     60,139        61,819
                                          ------------  ------------
INTANGIBLE ASSETS                              401,663       404,802
                                          ------------  ------------
OTHER ASSETS                                    21,993        21,483
                                          ------------  ------------
                                          $  2,511,867  $  2,390,961
                                          ============  ============


LIABILITIES AND SHAREHOLDERS' INVESTMENT
----------------------------------------
CURRENT LIABILITIES:
  Film contracts payable within one year  $    118,021  $    107,913
  Accounts payable and accrued expenses        105,875       101,234
  Payable and deferred income taxes             47,548        32,006
                                          ------------  ------------
    Total current liabilities                  271,444       241,153
                                          ------------  ------------
FILM CONTRACTS PAYABLE AFTER ONE YEAR          171,282       101,471
                                          ------------  ------------
OTHER LONG-TERM LIABILITIES                      5,316         5,091
                                          ------------  ------------
MINORITY INTEREST                              184,781       180,930
                                          ------------  ------------

COMMITMENTS AND CONTINGENCIES (NOTE 6)

SHAREHOLDERS' INVESTMENT:
  Class A common stock - par value $.01
    per share; authorized 200,000,000 shares;
    outstanding 4,511,605 shares                    45            45
  Class B common stock - par value $.01
    per share; authorized 200,000,000
    shares; outstanding 18,000,000 shares          180           180
  Retained earnings                          1,874,489     1,858,733
  Accumulated other comprehensive income         4,330         3,358
                                          ------------  ------------
                                             1,879,044     1,862,316
                                          ------------  ------------
                                          $  2,511,867  $  2,390,961
                                          ============  ============

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


                     BHC COMMUNICATIONS, INC.
            CONDENSED CONSOLIDATED STATEMENTS OF INCOME
          (In thousands of dollars except per share data)
                            (UNAUDITED)
          -----------------------------------------------

                                                   Three Months
                                                  Ended March 31,
                                               --------------------
                                                  2001      2000
                                               ---------  ---------
OPERATING REVENUES                             $ 106,103  $ 121,966
                                               ---------  ---------
OPERATING EXPENSES:
  Television expenses                             59,817     56,293
  Selling, general and
   administrative                                 37,353     35,872
                                               ---------  ---------
                                                  97,170     92,165
                                               ---------  ---------
   Operating income                                8,933     29,801
                                               ---------  ---------
OTHER INCOME (EXPENSE):
  Interest and other income                       23,076     20,571
  Equity loss and other related to United
   Paramount Network                                -       (35,696)
                                               ---------  ---------
                                                  23,076    (15,125)
                                               ---------  ---------
   Income before income taxes
    and minority interest                         32,009     14,676

INCOME TAX PROVISION                              13,500      6,400
                                               ---------  ---------

   Income before minority interest                18,509      8,276

MINORITY INTEREST                                 (2,959)    (3,840)
                                               ---------  ---------
    Net income                                 $  15,550  $   4,436
                                               =========  =========

Earnings per share:
  Basic                                        $     .69  $     .20
                                               =========  =========
  Diluted                                      $     .69  $     .20
                                               =========  =========

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

<PAGE>
                   BHC COMMUNICATIONS, INC.
          CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                     (In thousands of dollars)
                            (UNAUDITED)
           -----------------------------------------------
                                                    Three Months
                                                  Ended March 31,
                                              -----------------------
                                                  2001         2000
                                              ----------   ----------

CASH FLOWS FROM OPERATING ACTIVITIES:
 Net income                                   $   15,550   $    4,436
 Adjustments to reconcile net income to net
  cash provided from operating activities:
    Film contract payments                       (26,244)     (27,092)
    Film contract amortization                    29,702       25,378
    Depreciation and other amortization            5,942        5,827
    Equity loss and other related to United
     Paramount Network                              -          35,696
    Minority interest                              2,959        3,840
    Other                                           (478)      (2,607)
    Changes in assets and liabilities:
     Accounts receivable                          22,941       13,309
     Other assets                                 (3,065)      (5,980)
     Accounts payable and other liabilities       (1,924)        (567)
     Income taxes                                134,832       (5,282)
                                              ----------   ----------
       Net cash provided from
        operating activities                     180,215       46,958
                                              ----------   ----------
CASH FLOWS FROM INVESTING ACTIVITIES:
 Disposition of marketable securities, net       130,211      180,586
 Investment in United Paramount Network             -         (29,293)
 Other investments                                  (282)      (1,608)
 Capital expenditures, net                        (1,123)      (3,738)
 Other                                                (3)          (1)
                                              ----------   ----------
       Net cash provided from
        investing activities                     128,803      145,946
                                              ----------   ----------
CASH FLOWS FROM FINANCING ACTIVITIES:
 Payment of special dividend                        -         (45,023)
 Capital transactions of subsidiary                  984        1,734
                                              ----------   ----------
       Net cash provided from (used in)
        financing activities                         984      (43,289)
                                              ----------   ----------
NET INCREASE IN CASH AND CASH EQUIVALENTS        310,002      149,615

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD   235,796      117,184
                                              ----------   ----------
CASH AND CASH EQUIVALENTS, END OF PERIOD      $  545,798   $  266,799
                                              ==========   ==========
The accompanying notes to condensed consolidated financial statements
              are an integral part of these statements.

                         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 (80.0% at March 31, 2001) subsidiary of Chris-Craft
Industries, Inc., operates ten television stations, three wholly owned and
seven owned by United Television, Inc. (UTV), 57.8% owned by BHC at March
31, 2001.  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.

2.   MARKETABLE SECURITIES:

     All of BHC'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, 2001, BHC's marketable securities consisted of U.S.
Government securities, which had a cost of $970,973,000 and a fair value
of $974,421,000, and equity securities, which had a cost of $40,297,000
and a fair value of $43,950,000.  The difference between aggregate cost
and fair value of $7,101,000 ($4,330,000, 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 18
months.

     At December 31, 2000, BHC's marketable securities consisted of U.S.
Government securities, which had a cost of $1,091,231,000 and a fair value
of $1,092,975,000, and equity securities, which had a cost of $39,409,000
and a fair value of $43,128,000.  The difference between aggregate cost
and fair value of $5,463,000 ($3,358,000, 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 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, and, accordingly, BHC and Viacom
thereafter shared equally in  UPN's losses and funding requirements.  On
March 31, 2000, BHC sold its remaining 50% interest in UPN to Viacom.  As
a result of the sale, BHC has no further ownership interest in the network
or obligation to fund UPN's operations.  Equity loss and other related to
UPN 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.

4.   SHAREHOLDERS' INVESTMENT:

     As of March 31, 2001, there were outstanding 18,000,000 shares of
Class B common stock, all held by Chris-Craft, and 4,511,605 shares of
Class A common stock, 10,000 shares of which are held by Chris-Craft.  At
March 31, 2001, 185,497 shares of Class A common stock remain authorized
for purchase by BHC (see "Liquidity and Capital Resources"); however,
BHC's merger agreement with News Corp. (see Note 8) prohibits any such
purchases while the agreement is in effect.

     Capital transactions of subsidiary, as set forth in the accompanying
condensed consolidated statements of cash flows, reflect proceeds to UTV
of $984,000 and $1,734,000 in the first three months of 2001 and 2000,
respectively, from the exercise of stock options.

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 included in net income.
Comprehensive income is as follows (in thousands):

                                        Three Months
                                      Ended March 31,
                                    ------------------
                                      2001      2000
                                    --------  --------
Net income                          $ 15,550  $  4,436
Other comprehensive income, net of
  taxes and minority interest            972     1,919
                                    --------  --------
Comprehensive income                $ 16,522  $  6,355
                                    ========  ========

6.   COMMITMENTS AND CONTINGENCIES:

     Commitments of BHC's television stations for film contracts entered
into but not available for broadcasting at March 31, 2001 aggregated
approximately $189.6 million, including $89.6 million applicable to UTV.

     In April 1999, a jury awarded damages totalling $7.3 million
(approximately $9 million including interest and legal fees through March
31, 2001) 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 was heard in March 2001.  The
appeal is pending.  It is not possible to reasonably estimate the amount,
if any, which ultimately will be paid.  Accordingly, no amount has been
reserved in BHC'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.

7.   EARNINGS PER SHARE:

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

                                                   Three Months
                                                  Ended March 31,
                                              -----------------------
BASIC:                                           2001        2000
------                                        ----------  ----------
Weighted average common shares outstanding    22,511,605  22,511,605
                                              ==========  ==========
Net income                                    $   15,550  $    4,436
                                              ==========  ==========
Basic earnings per share                      $      .69  $      .20
                                              ==========  ==========
DILUTED:
--------
Weighted average common shares outstanding    22,511,605  22,511,605
                                              ==========  ==========
Net income                                    $   15,550  $    4,436
Dilution of UTV net income from UTV
 stock options                                       (12)        (17)
                                              ----------  ----------
                                              $   15,538  $    4,419
                                              ==========  ==========
Diluted earnings per share                    $      .69  $      .20
                                              ==========  ==========

8.   PENDING MERGER:

     As reported in BHC's Current Report on Form 8-K, dated August 23,
2000, Chris-Craft, BHC, and UTV have each agreed to be acquired by The
News Corporation Limited ("News Corp.") for consideration consisting of
cash and News Corp. preferred American depositary shares.  Subject to
limitations set forth in the respective merger agreements, Chris-Craft,
BHC and UTV shareholders may elect to receive the consideration as all
cash, all stock or a combination thereof.  Shareholders of each of Chris-
Craft, BHC and UTV approved the mergers at special meetings of
shareholders held on April 24, 2001.  The only matter considered at the
BHC special meeting was the approval and adoption of the Agreement and
Plan of Merger dated August 13, 2000, as amended, among BHC, News Corp.,
News Publishing Australia Limited and Fox Television Holdings, Inc.  This
matter was approved, with the following votes cast:


                    For             Against
                    ---             -------
                182,551,788         732,789

     Consummation of each transaction is subject to receipt of Federal
Communications Commission approval and satisfaction of other customary
conditions.  The parties anticipate that the transactions will be
completed in the first half of 2001.

                      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 continues to be strong and highly liquid.
Cash and marketable securities totalled $1.56 billion at March 31, 2001,
and BHC has no debt outstanding.

     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 (amortization exceeded
payments by $3.5 million, in the three month period ended March 31, 2001
and payments exceeded amortization by $1.7 million in the corresponding
2000 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 2001 decreased 41%, while station
earnings decreased 57%, 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 increased to $1.56 billion
at March 31, 2001 from $1.37 billion at December 31, 2000.  Such $192.3
million increase reflects three months operating cash flow of $180.2
million, including the receipt of $126.1 million from the settlement with
the Internal Revenue Service of a previously denied refund claim.

     A $2.00 per share special cash dividend, aggregating $45.0 million,
was paid in February 2000, and a $1.00 per share special cash dividend in
each of the previous three years.

     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, 2001, 185,497 Class A common shares remained authorized
for purchase.  From January 1, 1999 through March 31, 2001, UTV purchased
8,400 of its common shares for a total cost of $828,000.  No shares were
purchased by UTV during the first three months of 2001, and 721,249 shares
remain authorized for purchase.  BHC's and UTV's merger agreements with
News Corp. (see Note 8) prohibit any such purchases while the agreements
are in effect.

     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, and, accordingly, BHC and Viacom thereafter shared
equally in UPN losses and funding requirements.  On March 31, 2000, BHC
sold its remaining 50% interest in UPN  to Viacom for $5 million.  The
$11.3 million pretax loss on the sale, together with BHC's final share of
UPN's losses, were reflected in BHC's 2001 first quarter operating
results.  As a result of the sale, BHC has no remaining financial
obligation to UPN.

     BHC's television stations make commitments for programming that will
not be available for telecasting until future dates.  At March 31, 2001,
commitments for such programming totalled approximately $189.6 million,
including $89.6 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 March 31, 2001 were not
material.  BHC 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.  Six
of BHC's 10 stations have made the initial conversion to DTV signal
transmission.  This conversion rollout is expected to take a number of
years and will be subject to competitive market conditions.  BHC 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 reported in BHC's Current Report on Form 8-K, dated August 23,
2000, Chris-Craft, BHC, and UTV have each agreed to be acquired by The
News Corporation Limited ("News Corp.") for consideration consisting of
cash and News Corp. preferred American depositary shares.  Subject to
limitations set forth in the respective merger agreements, Chris-Craft,
BHC and UTV shareholders may elect to receive the consideration as all
cash, all stock or a combination thereof.  Shareholders of each of Chris-
Craft, BHC and UTV approved the mergers at special meetings of
shareholders held on April 24, 2001.  Consummation of each transaction is
subject to receipt of Federal Communications Commission approval and
satisfaction of other customary conditions.  The parties anticipate that
the transactions will be completed in the first half of 2001.

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

     BHC 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, 2001 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       $   970,973           $   974,421
  Equity securities                $    40,297           $    43,950


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

     BHC net income in the first quarter of 2001 totalled $15,550,000, or
$.69 per share ($.69 per share diluted), compared to net income in last
year's first quarter of $4,436,000, or $.20 per share ($.20 per share
diluted).  The increase in net income primarily reflects the elimination
of losses attributable to BHC's former interest in United Paramount
Network.  BHC sold its UPN interest in the first quarter of 2000.

     Operating revenues at BHC's television station group fell 13%, to
$104,135,000 from the prior year's $119,654,000.  The revenue decrease
reflected a general weakness in advertiser expenditures throughout the
television industry.  Station earnings declined to $15,996,000, from last
year's $36,815,000, reflecting the weak revenues and a 7% increase in
programming expenses.  Operating income, which additionally reflects non-
broadcasting operations and corporate office expenses of BHC and UTV,
declined to $8,933,000, from $29,801,000.

     Interest and other income, which consists mostly of amounts earned on
cash and marketable securities holdings, rose to $23,076,000 in the first
quarter from $20,571,000 last year.

     Minority interest reflects the interest of shareholders other than
BHC in the net income of UTV, 57.8% and 57.9% owned by BHC at March 31,
2001 and 2000, respectively.


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.


                      BHC COMMUNICATIONS, INC.
                      ------------------------
                     PART II. OTHER INFORMATION

Item 6.   EXHIBITS AND REPORTS ON FORM 8-K.
          ---------------------------------

     (a)     The registrant filed a report on Form 8-K on March 21, 2001,
reporting on item numbers 5 and 7.

     (b)     The registrant filed a report on Form 8-K on April 12, 2001,
reporting on item numbers 5 and 7.

     (c)     The registrant filed a report on Form 8-K on April 24, 2001,
reporting on item numbers 5 and 7.


                            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
                                Senior Vice President and Treasurer
                                   (Principal Accounting Officer)

Date: May 15, 2001