DUDLEY TAFT TO PURSUE TAFT BROADCAST <TFB> BID Taft Broadcasting Co vice chairman Dudley Taft and Narragansett Capital Inc <NARR> said they intend to pursue their effort to acquire Taft Broadcasting despite the rejection yesterday of their 145 dlr per share offer by the Taft Broadcasting board. Dudley Taft and Narragansett, in a joint statement, said they intend to explore alternatives to achieve the acquisition, including further talks with Taft Broadcasting. They said they are confident that the Taft Broadcasting board will conclude that the resolution of the company's current "unstable situation" as quickly as possible is in the best interests of all parties. They said the Taft board did not conclude that their offer was not fair to Taft shareholders. Taft Broadcasting yesterday, however, said financial advisor Goldman, Sachs and Co found the offer to be inadequate.