Diller Gains Control Of TV Station Group

Entertainment industry heavyweight Barry Diller is headed back to the ring.

The creator of the Fox television network and onetime Paramount studio boss said Friday he has gained control of a television station group owner, Silver King Communications. Silver King’s stock price soared 53 percent on the news.

Diller confidantes said Silver King’s 12 UHF stations are expected to provide a foundation for a still-undefined national program service that could compete with the big broadcast networks for viewers and advertisers.