BUSINESS ABROAD: Auntie Steps Out

"What Hollywood did in the '20s and '30s for the cinema, White City could do in the '60s and '70s for television," trumpeted London's Sunday Express proudly. "White City'' in this context means the British Broadcasting Corp.'s new TV headquarters, and not the nearby White City stadium, where England's eager bettors wager millions on the greyhounds. BBC's half-finished complex of glass and brick is the largest TV factory in the world and even includes a studio that can be flooded to create a lake set. It represents a .$45 million bet that the...

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