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CELTICS SELL OFF REMAINDER OF FOX AFFILIATE
Published October 7, 1994
Fox Broadcasting has announced that it will purchase the remaining 49% of Boston affil WFXT-TV, owned by the Boston Celtics Limited Partnership. The $80M cash purchase gives Fox full ownership of the station, which has been a Fox affiliate for the past eight years. Celtics CFO Joseph DiLorenzo said that Fox had an option last fall to purchase the Celtics 49% of the station for $45M but declined: "This was a prime piece of property" (Nutile & Krasner, BOSTON HERALD, 10/6). Celtics stock was up 2 points yesterday.