COMPANY TOWN ANNEX

Fox in TV Deal: Looking to secure the fourth network in key markets around the country, Fox announced it may reacquire ownership of a Boston TV station it was forced to sell in 1990 because of federal regulations prohibiting cross-ownership of TV stations and newspapers in the same market. Fox holds a $10-million note owed by Boston Celtics Ltd. Partnership stemming from the sale of WFXT-TV to Fox. Fox can choose to convert that note into a 25% ownership stake on Jan. 1, 1995. In addition, Fox has a 10-year option to pay $15 million for an additional 26% stake in the station. Once it acquired a 51% interest, however, Fox would have to sell the Boston Herald, owned by parent News Corp.