LYNCH CORP <LGL> UNIT BUYS TELEVISION STATION Lynch Corp subisidiary Lynch Entertainment Corp said it formed a general partnership called Coronet Communications Co, which has acquired WHBF-TV station, in Rock Island, Ill. The company said the price for the station, a CBS television network affiliate, was 20 mln dlrs. The company also said the other partner is Lombardo Communications Inc, a wholly-owned corporation of Phillip Lombardo. Lynch said it will pursue further acquisitions of media and entertainment entities with emphasis on broadcasting and cable television operations.