PAGE 1


                   SECURITIES AND EXCHANGE COMMISSION

                          WASHINGTON, DC  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
                                        --------------

/   /    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 1-8411
                       -----------------------------

                         UNITED TELEVISION, INC.
                         -----------------------
         (Exact name of registrant as specified in its charter)

           DELAWARE                                    41-0778377
-------------------------------                    -------------------
(State or other jurisdiction of                     (I.R.S. Employer
 incorporation or organization)                    Identification No.)

132 S. Rodeo Drive, Fourth Floor, Beverly Hills, CA           90212
----------------------------------------------------------------------
(Address of principal executive offices)                    (Zip Code)

                             (310) 281-4844
                             --------------
           (Registrant's telephone number, including area code)

                             Not Applicable
                             --------------
           (Former name, former address and former fiscal year,
                      if changed since last report)

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 May 8, 2001, there were 9,560,953 shares of the registrant's
common stock outstanding.

<PAGE>
Page 2
<TABLE>

                    PART I - FINANCIAL INFORMATION

ITEM 1.   Financial Statements.
          ---------------------

               UNITED TELEVISION, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED BALANCE SHEETS
                       (Unaudited - in thousands)
<CAPTION>
                                                   March 31,    December 31,
                                                     2001           2000
                                                 ------------   ------------
<S>                                              <C>            <C>
ASSETS
------
Current Assets:
   Cash and cash equivalents                     $   136,036    $   119,927
   Marketable securities                             120,781        115,912
   Accrued interest receivable                         1,141          1,393
   Accounts receivable, net                           39,893         48,013
   Film contract rights                               38,990         39,482
   Deferred tax assets                                 6,037          6,158
   Prepaid expenses and other
      current assets                                   2,733          2,122
                                                 -----------    -----------
      Total current assets                           345,611        333,007
                                                 -----------    -----------
Other Investments                                     38,213         38,234
                                                 -----------    -----------
Film Contract Rights, noncurrent                      18,016          9,912
                                                 -----------    -----------
Property and Equipment, net                           31,677         32,217
                                                 -----------    -----------
Intangible Assets, net                               137,059        138,038
                                                 -----------    -----------
Other Assets                                           3,102          2,240
                                                 -----------    -----------
                                                 $   573,678    $   553,648
                                                 ===========    ===========



<PAGE>
Page 3

LIABILITIES AND SHAREHOLDERS' INVESTMENT
----------------------------------------
Current Liabilities:
   Film contracts payable                        $    39,177    $    39,403
   Accounts payable                                    2,254          2,639
   Accrued expenses                                   32,144         34,128
   Income taxes payable                               14,033         10,342
                                                 -----------    -----------
      Total current liabilities                       87,608         86,512
                                                 -----------    -----------
Film Contracts Payable after One Year                 46,576         35,831
                                                 -----------    -----------
Deferred tax liabilities                               1,918          1,918
                                                 -----------    -----------


Shareholders' Investment:
   Preferred stock $1.00 par value                         -              -
   Common stock $.10 par value                           953            952
   Additional paid-in capital                         12,273         11,290
   Retained earnings                                 423,769        416,750
   Accumulated other comprehensive income                581            395
                                                 -----------    -----------
                                                     437,576        429,387
                                                 -----------    -----------
                                                 $   573,678    $   553,648
                                                 ===========    ===========
<FN>
The accompanying notes to condensed consolidated financial statements are an
                  integral part of these balance sheets.
</TABLE>




<PAGE>
Page 4
<TABLE>

                   UNITED TELEVISION, INC. AND SUBSIDIARIES
                  CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                (Unaudited - in thousands except per share data)
<CAPTION>
                                                        For the Three Months
                                                           Ended March 31,
                                                        ---------------------
                                                          2001         2000
                                                        --------     --------
<S>                                                     <C>          <C>
Net Revenues                                            $ 50,565     $ 53,939
                                                        --------     --------

Expenses:
   Operating                                              23,473       23,368
   Selling, general and administrative                    19,179       17,954
                                                        --------     --------
                                                          42,652       41,322
                                                        --------     --------
      Operating income                                     7,913       12,617

Interest and Other Income                                  3,781        2,617
                                                        --------     --------
      Income before income taxes                          11,694       15,234

Income Tax Provision                                      (4,675)      (6,100)
                                                        --------     --------
      Net income                                        $  7,019     $  9,134
                                                        ========     ========

Earnings per Share:
   Basic                                                $    .74     $    .96
   Diluted                                              $    .73     $    .96

Average Number of Common and Common
   Equivalent Shares Outstanding:
   Basic                                                   9,523        9,495
   Diluted                                                 9,551        9,536
<FN>
The accompanying notes to condensed consolidated financial statements are an
                  integral part of these statements.
</TABLE>




<PAGE>
Page 5
<TABLE>
                    UNITED TELEVISION, INC. AND SUBSIDIARIES
                CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                          (Unaudited - in thousands)
<CAPTION>
                                                            Three Months
                                                           Ended March 31,
                                                         -------------------
                                                           2001       2000
                                                         --------   --------
<S>                                                      <C>        <C>
Cash Flows from Operating Activities:
   Net income                                            $  7,019   $  9,134
   Adjustments to reconcile net income to net
     cash provided from operating activities:
      Film contract payments                               (8,928)    (9,116)
      Film contract amortization                           11,041     11,007
      Depreciation and other amortization                   2,422      2,178
      Gain on dispositions of investments                    (300)         -
      Changes in assets and liabilities:
         Accounts receivable                                8,120      5,759
         Prepaid and other assets                            (427)       547
         Accounts payable and accrued expenses             (2,369)      (364)
         Income taxes payable                               3,691      5,947
                                                         --------   --------
         Net cash provided from
           operating activities                            20,269     25,092
                                                         --------   --------
Cash Flows from Investing Activities:
   Sales of marketable securities                          10,266          -
   Purchases of marketable securities                     (14,528)    (2,034)
   Purchases of other investments                               -       (678)
   Sale of other investments                                   21          -
   Capital expenditures                                      (903)    (3,234)
                                                         --------   --------
         Net cash used in investing activities             (5,144)    (5,946)
                                                         --------   --------
Cash Flows from Financing Activities:
   Proceeds from exercise of employee stock options           984      1,734
                                                         --------   --------
         Net cash provided from
           financing activities                               984      1,734
                                                         --------   --------

Net Increase in Cash and Cash Equivalents                  16,109     20,880

Cash and Cash Equivalents at Beginning of Period          119,927     31,498
                                                         --------   --------
Cash and Cash Equivalents at End of Period               $136,036   $ 52,378
                                                         ========   ========
<FN>
The accompanying notes to condensed consolidated financial statements are an
                  integral part of these statements.
</TABLE>


<PAGE>
Page 6
              UNITED TELEVISION, INC. AND SUBSIDIARIES
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                            (Unaudited)

1.   PRINCIPLES OF CONSOLIDATION:

     UTV is a majority owned (57.8% at March 31, 2001) subsidiary
of BHC Communications, Inc. (BHC), a majority owned subsidiary of
Chris-Craft Industries, Inc. (Chris-Craft).

     The accompanying condensed consolidated financial statements
include the accounts of UTV and its subsidiaries after elimination of
all significant intercompany accounts and transactions.  Preparation
of financial statements in accordance with generally accepted
accounting principles requires the use of management estimates and
assumptions.  Actual results could differ from those estimates.

     The financial information included herein has been prepared by
UTV, 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,
UTV 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 UTV'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 this interim
period are not necessarily indicative of results to be expected for the
full fiscal year, due to seasonal factors, among others.

2.   MARKETABLE SECURITIES:

     All of UTV's marketable securities have been categorized as
available for sale and as a result are carried at fair market value.
At March 31, 2001, of the investments in U.S. Government securities,
77% mature within seven months and all within 18 months.  Marketable
securities classified by security type are as follows (in thousands):

                                          Gross Unrealized
                                          ----------------
                                  Cost     Gains    Losses  Fair Value
                                --------  -------   ------  ----------
March 31, 2001
  U.S. Government securities    $109,086  $   694   $    -   $109,780
  Equity securities               10,739      406      144     11,001
                                --------  -------   ------   --------
                                $119,825  $ 1,100   $  144   $120,781
                                ========  =======   ======   ========


<PAGE>
Page 7
                                         Gross Unrealized
                                         ----------------
                                 Cost     Gains    Losses  Fair Value
                               --------  -------   ------  ----------
December 31, 2000:
  U.S. Government securities   $104,542  $   334   $    8   $104,868
  Equity securities              10,721      591      268     11,044
                               --------  -------   ------   --------
                               $115,263  $   925   $  276   $115,912
                               ========  =======   ======   ========

     The difference between cost and fair value, net of taxes, is
reflected as an increase to shareholders' investment in the
accompanying balance sheets.

     For purposes of computing realized gains and losses, cost is
determined using the specific identification method.  For the three
months ended March 31, 2001, UTV realized marketable securities gains
of $300,000.

3.   SUPPLEMENTAL CASH FLOW INFORMATION:

     Cash paid for income taxes for the first quarter of 2001 and 2000
totaled $984,000 and $153,000, respectively.

4.   COMPREHENSIVE INCOME:

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

                                                    Three Months
                                                   Ended March 31,
                                                 -------------------
                                                   2001       2000
                                                 --------   --------

Net income                                       $  7,019   $  9,134
Other comprehensive income, net of taxes              186        242
                                                 --------   --------
Comprehensive income                             $  7,205   $  9,376
                                                 ========   ========




<PAGE>
Page 8
5.   COMMITMENTS:

     The aggregate amount payable by UTV under contracts for programming
not currently available for telecasting at March 31, 2001, and,
accordingly, not included in film contracts payable and the related
contract rights in the accompanying Condensed Consolidated Balance
Sheets, totaled $89,583,000.

     UTV remains obligated for possible future consideration relating to the
1999 purchase of UHF station WRBW in Orlando, Florida of up to $25,000,000.

6.   PENDING MERGER:

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

            For             8,641,520
            Against           182,766
            Withheld            6,196
            Broker non-votes      -0-

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


<PAGE>
Page 9
              UNITED TELEVISION, INC. AND SUBSIDIARIES

Item 2.    Management's Discussion and Analysis of Financial
           -------------------------------------------------
           Condition and Results of Operations.
           ------------------------------------

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

     UTV's operating cash flow is generated primarily by its television
broadcasting operations and generally parallels the earnings of UTV
television stations, adjusted to reflect the difference between film
contract payments and film contract amortization.  The relationship
between such payments and amortization may vary greatly between periods
(amortization exceeded payments by $2,113,000 in the first quarter of
2001, and by $1,891,000 in the first quarter of 2000) and is dependent
upon the mix of programs aired and payment terms of the stations'
contracts.  UTV stations generated substantial cash flow in the first
quarter of 2001, and are expected to do the same for the full year.
With its considerable cash and marketable securities balances, UTV
continues to be well positioned to deal effectively with uncertainties
that may arise in the television broadcasting industry or economic
environment.

     UTV's cash flow is augmented by interest and dividend income
associated with its cash and marketable securities.  UTV's cash flow
from operations for the first quarter of 2001 totaled $20,269,000, and
cash and marketable securities increased $20,978,000 to $256,817,000
at March 31, 2001.  UTV remains obligated for possible future
consideration relating to the 1999 purchase of WRBW in Orlando,
Florida of up to $25,000,000.

     Working capital increased $11,508,000 during the first quarter of
2001 to $258,003,000 at March 31, 2001.  Working capital at March 31,
2001 remains substantially in excess of UTV's normal operating
requirements.





<PAGE>
Page 10

     UTV regularly makes current commitments for programming that will
not be available for telecasting until future dates and had commitments
for payments for such programming totaling $89,583,000 at March 31,
2001.  UTV expects to continue to satisfy these commitments in the
ordinary course of business.

     UTV's Board of Directors has from time to time authorized the
purchase of UTV common shares.  At March 31, 2001, purchase of an
additional 721,249 shares was so authorized.  From January 1, 1999,
through March 31, 2001, 8,400 shares were purchased for an aggregate
cost of $828,000.  No shares were purchased during the first quarter
of 2001 and UTV's merger agreement with News Corp. (see Note 6)
prohibits any such purchases while the agreement is in effect.

     UTV's commitments for capital expenditures at March 31, 2001 were
not material in relation to UTV's financial position.  UTV's stations
are continuing the process of converting to digital television (DTV).
This conversion requires the purchase of digital transmitting equipment
to telecast over a newly assigned frequency.  Four of UTV's seven
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.  Funds for capital
expenditures have generally been provided from operations.  UTV expects
that future capital expenditures for its present business, including
the remaining DTV conversion cost, will be funded from operations or
current cash balances.  UTV has no present requirement for additional
capital.

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

     UTV is subject to certain market risk related 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                 $109,086        $109,780
Equity securities                            10,739          11,001

     All of UTV's marketable securities have been categorized as
available for sale and are comprised substantially of U.S. Government
securities, 77% of which mature within seven months and all within
18 months.  (See Note 2 of Notes to Condensed Consolidated Financial
Statements.)



<PAGE>
Page 11

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

     UTV's primary source of revenue is the sale to advertisers of time
on its seven television stations.  First quarter 2001 net income
decreased 23% to $7,019,000, or $.74 per basic share ($.73 per diluted
share), from $9,134,000, or $.96 per basic and diluted share, in last
year's first quarter.  Weak revenue, coupled with an increase in
expenses, accounted for the decrease.

     Consolidated net revenues fell 6% for the quarter to $50,565,000,
from $53,939,000 last year.  The decrease reflected a 12% decrease in
national advertising revenues.  The revenue decrease reflected a general
weakness in advertiser expenditures throughout the television industry.

     Consolidated operating expenses rose 3%.  Program expenses rose
only slightly from the prior year quarter.  Operating income decreased
37% to $7,913,000, from last year's $12,617,000.

     Interest and other income for the quarter was $3,781,000, compared
to $2,617,000 in 2000.


Item 3.   Quantitative and Qualitative Disclosures about Market Risk.
          -----------------------------------------------------------

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







<PAGE>
Page 12

               UNITED TELEVISION, INC. AND SUBSIDIARIES
                      PART II - OTHER INFORMATION


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

    (a)   A Form 8-K was filed April 12, 2001.  The item numbers
          reported were 5 and 7.

    (b)   A Form 8-K was filed April 24, 2001.  The item numbers
          reported were 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.




                                   UNITED TELEVISION, INC.
                                        (Registrant)


Date:  May 14, 2001                By:  /s/  Garth S. Lindsey
       ------------                     -----------------------------
                                        Garth S. Lindsey
                                          Executive Vice President
                                          and Chief Financial Officer
                                          (Principal Financial and
                                          Accounting Officer)