Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: FRIDAY, July 2, 1993                   TAG: 9307020357
SECTION: BUSINESS                    PAGE: A-5   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

IN BUSINESS

VIRGINIA BEACH - An investor group led by religious broadcaster Pat Robertson is negotiating to buy a controlling interest in American Film Technologies Inc., the nation's largest colorizer of black-and-white films.

American Film, which has added color to such films as "King Kong" and "Casablanca," said Wednesday it expects to complete an agreement soon for Robertson's group to buy a 52 percent stake for $4.7 million.

Robertson, founder of the Christian Broadcasting Network and chairman of the parent of cable television's The Family Channel, had no comment on the venture. Neither CBN nor The Family Channel parent is involved in the deal, officials said. - Associated Press

CSX trims brakemen from 25% of system

JACKSONVILLE, Fla. - CSX Transportation Inc. said Thursday the United Transportation Union has ratified an agreement that will eliminate brakeman positions on the former Baltimore & Ohio, Baltimore & Ohio Chicago Terminal, Pere Marquette and Hocking Valley portions of its system.

This could affect 2,300 workers.

The agreement, implemented immediately, covers about one-quarter of the CSX rail system, including all or parts of Delaware, the District of Columbia, Illinois, Indiana, Kentucky, Maryland, Michigan, Ohio, Pennsylvania, Virginia and West Virginia. - Journal of Commerce