TCF Television Productions, producing series (such as Perry Mason, Batman and M*A*S*H) for the three major broadcast television networks (ABC, NBC, and CBS). 1980s: Establishment of the network Foundations The Fox network's foundations were laid in March 1985 through News Corporation's $255 million purchase of a 50% interest in TCF Holdings, the parent company of the 20th Century Fox film studio. In May 1985, News Corporation, a media company owned by Australian publishing magnate Rupert Murdoch that had mainly served as a newspaper publisher at the time of the TCF Holdings deal, agreed to pay $2.55 billion to acquire independent television stations in six major U.S. cities from the John Kluge-run broadcasting company Metromedia: WNEW-TV in New York City, WTTG in Washington, D.C., KTTV in Los Angeles, KRIV-TV in Houston, WFLD-TV in Chicago, and KRLD-TV in Dallas. A seventh station, ABC affiliate WCVB-TV in Boston, was part of the original transaction but was spun off to the Hearst Broadcasting subsidiary of the Hearst Corporation in a separate, concurrent deal as part of a right of first refusal related to that station's 1982 sale to Metromedia. (Two years later, News Corporation acquired WXNE-TV in that market from the Christian Broadcasting Network and changed its call letters to WFXT.) Radio personality Clarke Ingram suggested that the Fox network is a revival or at least a linear descendant of DuMont, since Metromedia was founded when DuMont spun off its two remaining owned-and-operated stations, WNEW-TV (then known as WABD) and WTTG, as DuMont Broadcasting (it later changed its name to Metropolitan Broadcasting before becoming Metromedia). Additionally, the former base of DuMont's operations, the DuMont Tele-Centre in Manhattan, eventually became the present-day Fox Television Center. Beginning of the network In October 1985, 20th Century Fox announced its intentions to form a fourth television network that would compete with ABC, CBS, and NBC. The plans were to use the combination of the Fox studios and the former Metromedia stations to both produce and distribute programming. Organizational plans for the network were held off until the Metromedia acquisitions cleared regulatory hurdles. Then, in December 1985, Rupert Murdoch agreed to pay $325 million to acquire the remaining equity in TCF Holdings from his original partner, Marvin Davis. The purchase of the Metromedia stations was approved by the Federal Communications Commission (FCC) in March 1986; the call letters of the New York City and Dallas outlets were subsequently changed