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Fox Acquisitions Could Result in Sale of Local Boston TV Channel. (Originated from The Boston Globe)
Knight Ridder/Tribune Business News, May, 1994 by Biddle, Frederic M.
May 25--In one of the great coups in network television history, Fox Inc. on Monday said a dozen big-city stations will defect from CBS, ABC and NBC. The switch-over will occur in cities far from Boston, such as Dallas, Detroit and Atlanta. But seemingly few decisions made by Rupert Murdoch, Fox's owner and chairman, fail to directly affect Boston.
Indeed, as a result of Murdoch's latest deal, WSBK-TV (Ch. 38) could find itself up for sale, sources said yesterday. Here's why:
In Monday's transaction, Murdoch's News Corp. invested $500 million in New World Communications Group Inc., which plans to switch 12 stations over to Fox. New World owns five of those 12 stations and has an agreement to buy four others. In a separate deal, New World has paid $100...
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