DUDLEY TAFT RAISES BID FOR TAFT BROADCASTING<TFB>
  Dudley Taft and Narragansett
  Capital Inc said it was prepared to raise its bid to acquire
  Taft Broadcasting Co to more than 150 dlrs per share.
      Taft, through Theta Co, sent and letter to Taft's board of
  directors stating he was committed to purchasing the
  broadcasting company and was ready to discuss all aspects of
  the purchase.
      The company said items to be discussed included price,
  structure and form of consideration. Taft said he was prepared
  to negotiate a transaction in which Taft Broadcast shareholders
  would receive in excess of 150 dlrs per share.