TAFT <TFB> REJECTS 145 DLR/SHR OFFER Taft Broadacasting Co said its board of directors unanimously decided not to accept the pending buyout proposal of <Theta Corp>, an investor group led by Dudley Taft. The decision was based on, among other things, the advice of its financial advisors, Goldman Sachs and Co, that the offer of 145 dlrs per share was inadequate. Taft said the board concluded that the offer failed to recognize fully the future propsects of the company and directed management to explore alternatives including possible financial restructuring.