Cincinnati-based Taft Broadcasting Co. announced the completion...

Cincinnati-based Taft Broadcasting Co. announced the completion of the sale of its five independent television stations to TVX Broadcast Group Inc. for was $240 million . . . Telstar Corp., Los Angeles, said it signed an agreement with GTE Spacenet Corp., which will enable Telstar to expand its Telstar Channels into the first satellite-delivered, four-channel pay-per-view service . . . RJR Nabisco Inc., Winston-Salem, N.C., said its first-quarter results will include a after-tax gain of $208 million from its sale of Heublein Inc. . . . The Investment Company Institute reported that the assets of the nation’s 383 money-market mutual funds rose $1.39 billion in the week ended April 8.