SBD/11/Franchises

CELTICS FINALIZE SALE OF TV STATION TO FOX

     The Celtics announced the completion of the sale of Boston's
WFXT to Fox Television Stations for $95M.  The transaction
includes a $95M cash payment and $10M in debt forgiveness.  A
Celtics spokesperson said the team has yet to determine "the
amount of the gain it will realize from the transaction" (WALL
STREET JOURNAL, 7/11).  Celtics stock gained 1/8 on Monday to
close at 20 7/8.
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