Sports Media

CELTICS SELL OFF REMAINDER OF FOX AFFILIATE

10.7.1994

     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.

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