King World thus paid 17 times cash flow, a relatively high multiple for a television station.

He pointed out that King World, now one of the major program suppliers, started small in the early 80's.

King World, which leads the list, has a share price that is 36 percent backed by cash.

However, they are the edited episodes distributed by King World.

Shares of King World rose 56.25 cents yesterday, to $31.125.

These might all be considered minor issues compared with what has gone right at King World.

King World bought some stock in 1990, hoping to find a partner to buy the company.

This executive believes that King World will have a hard time expanding.

But long term, concerns remain about what King World does next.

Both companies are said to be concerned that Turner might pay too much for King World.