The Boston Globe from Boston, Massachusetts • 23

THE BOSTON GLOBE MONDAY, SEPTEMBER 24, 1990 23 i Celtics and Fox TV nfetwork seen force to be reckoned with Before Vou Buy Any Big Screen Tlf mm 91011 fll RETTOU tions, but it is largely believed i among observers that WFXT will i get a tremendous break on the i rights fees, compared with what THK ULTIMATE HOMK THEATRE rgl 1 SHARPy ISION WLVI paid to broadcast the Celtics for five years. After all, the limited partnership that owns the station is comprised of the same folks who own the Celtics: Don Gaston, his son, Paul Gaston, and Allan Cohen, all general partners in the Celtics organization. Investor Paul Dupee is also with the communications partnership. Walsh, (president and general manager of I WFXT, is not a partner in the sta-i tion. Walsh is also using the Celtics and the station's close association with the team's ownership to aggressively draw advertising, by giving At 71 -VI sis: putting into the left.

He and Celtics officials said documents have been filed with the Securities and Exchange Commission declaring an intent to set up WFXT as a separate company. And Walsh said the station will be paying rights fees to the Celtics to broadcast about 40, mostly away games, during the season. The station has a contract to broadcast Celtics games through the year 2000, but Walsh would not say how much the contract is worth. The Celtics spent millions to buy WFXT, along with its affiliated radio station, WEEI, but the new building and expansion costs have been financed through the partnership. with traditional bank lending, Walsh said.

When the Celtics bought the stations from Rupert Murdoch last fall, a deal that was finally approved by the Federal Communications Commission in May, the team anted up a $10 million promissory note for WFXT, along with assuming more than $20 million of the station's debt, and a $6.4 million note for WEEI, while assuming $1.1 of the radio station's debt. "The Celtics will have nothing to do with the stations," said Joe Di-Lorenzo, chief financial officer for the Celtics. "They will have to stand on their own." DiLorenzo and Walsh would not detail further the financial relationship between the team and the sta- WFXT Continued from Page 21 local news programs. "When they do add a local newscast, as well as filling in weaker parte of their programming through their affiliation with Fox, I predict they will be a major competitor for the three networks in Boston in the next five to 10 years," said Jim Blinn, vice chairman of Houston Advertising, a Boston ad firm. "I'm real high on this station." It is, in fact, hard to find anyone with anything bad to say about WFXFs current direction.

Observers noted Walsh's success at WLVI, and they said the 45-year-old Dorchester native was the Celtics' top choice to run the station when the team bought it last year. And being owned, at least for now, by everyone's favorite basketball team has given WFXT some deep pockets to draw on, observers said. "If there's one thing I wish I could have had, it was rich parents," quipped Coppersmith, whose station sold its syndicated Cosby reruns to WFXT. "It's like in the old days, before it was illegal, when the movie studios owned the theaters. As far as the Celtics are concerned, they now own the studio and the theater." But Walsh denied that the relationship between the Celtics and 'WFXT will be a matter of taking money from the right pocket and advertisers free tickets to games and promises of on-air promotions during game broadcasts, said Blinn.

WFXT did well during the May Arbitral sweeps for its Sunday night slots, and Walsh hopes new Fox programming or Thursday through Sunday nights will continue to draw viewers, along with the traditionally strong ratings WLVI had for Celtics games. "I don't see us becoming No. 1 in the market in the next couple years," he said. "But I think we can compete for advertising dollars as legitimately as other stations." Before you buy a big screen TV, you've got to come in to see new SharpVision-the revolutionary new LCD video projection system from Sharp. You can zoom SharpVision's bright, crystal clear picture from 20" to an incredible 1 so it can fit in any room.

It weighs only 31 so it's easy to move anywhere in the house. Unlike other projection systems, the picture is clear from any viewing angle. There's no bulky cabinet or complex set-up adjustment necessary. If quick and easy to install, and can be used with your existing audio system and any video source, such as a VCR, camcorder, laser disc player-even a video game system. Duplicate-record service worth a look FROM SHARP MINDS COME SHARP PRODUCTS" So come in and see new SharpVision at Fretter! Before you Buy Any Big Screen TV! CHECK NEW SHARPVISION AT FRETTER! they're going to be," Port says.

"It may be New York and Florida or California and Arizona. Some people have them sent to addresses in Boston and New Hampshire." Or, an investor might have one statement sent to the office and another to their home, he said. Some bank statements can be sent to more than one address, too. Bank of Boston, for example, will send copies of statements relating tc trust accounts to attorneys-, acountants or family members, says Daniel Healy, a vice president in the bank's trust department. Also, Healy says, 'We can tailor the report for investment advisers or tax accountants who might want selected information." i We were unable, however, to find a bank in the Boston area that will send Out duplicate copies of monthly checking account statements.

A customer service representative at your bank, brokerage or mutual fund can tell you which duplicate-record services are available and what you need to do to get one started. Got a Question? Write to Thomas Watterson. "50 50 PLUS Continued from Page 21 write a letter of instruction." Fidelity Investments offers this service only to customers of its discount brokerage subsidiary and to people using its Fidelity USA asset-management account, says John Port, Fidelity's marketing manager for customer communication. By early next year, however, it will be available to all mutual fund investors. As many as 10 duplicate statements can be sent out, Port says, so copies can go to the accountant, lawyers and an adult child simultaneously.

Before having statements sent to relatives, make sure they have the time, interest and expertise to regularly read your statements and look out for any problems. If they don't, you're prcbably better off having these statements sent to an accountant or other professional who's being paid to monitor these documents and keep them on file for you. Some people also have extra statements sent to themselves in different places. "We have people who have two places of residence and never know where It's always better to shop at Woburn: 425 Washington (617) 935-8360 Hanover: 1 372 Washington (61 7) 826-4405 Somerville: 176 Somerville (617) 629-2720 Revere: 339 Squire (617) 289-8310 Danvers: 29 Andover (508) 750 4090 Shrewsbury: Route 9 (508) 798-3800 SharpVision Not Available At Our Danvers Location. Plus, the Business Section, The Boston Globe, Boston, Mass.

02107. No personal replies can be given. Brady seeks to ease pain from oil shock clearly the risks of easing up on anti- Sanborn Regional High Students Win The Boston Globe Stock Market Game. inflationary policies for fear of IMF Continued from Page 21 economic upswing. A senior Federal Reserve official said the US economy was already in a recession and reiterated her call for lower interest rates.

"I think we are in a recession," Federal Reserve Governor Martha Seger said. Seger has been a lone voice on the Federal Reserve recently in calling for an easier monetary policy. But most of rest of the world's biggest industrial nations believe that interest rates must stay high following the oil-price shock, even at the risk of slower economic growth. "There is a general acceptance of the need to keep tight monetary and fiscal policies," British Chancellor of the Exchequer John Major told reporters. Industrial countries must avoid the policy mistakes of the inflationary 1970s, he said.

"The long attrition in the years after the 1973 (oil) shock showed sparking a recession," Major told the IMF Interim Committee. Major backed the tight stance even though he admitted that British growth was slowing sharply. They will meet later this week in an effort to patch up differences over a multibillion-dollar aid package for some countries hurt by the Persian Gulf oil crisis and U.N. sanctions against Iraq. DOW saSfeFK Lorstockmu "i-" wi i iff 3 1 Jis! ifc, fcf.Ys& JO- Robert Swanson's students have played the Globe Stock Market Game for three years.

He still says "This is an excellent way to involve my Economics students in reading The Boston Globe business pages and world news." This time his students increased their $100,000 mock bankroll by 34 in just ten weeks winning the New Hampshire High School Division. The students say: "It was interesting and I learned alot about the process of buying and selling stocks." "It was all new to me. I didn't even know how to read the stock pages! Now I can read them and I know how to buy and sell stock and hopefully realize a profit." For ten weeks in the Fall and in the Spring The Boston Globe offers the Stock Market Game as a learning tool for use in the classroom. Students work in teams and compete for prizes as they improve their math, economics, business and reading skills. The Fall Game begins October 5, 1990 and the Spring Game begins February 8, 1991.

We offer free workshops at various regional sites. Please call or write to us for more information andor to register at: The Boston Globe Stock Market Game P.O. Box 2378 Boston, MA 02107-2378 (617) 929-2646 Deadline for registering for the fall game is September 26, 1990. OVERNIGHT PACKAGES TO SlfJB? JUST CALL AF2D Wi'LL Bl RIGHT Starting at just $8.75 for up to half a pound, your post office guarantees morning delivery of Express MaiPservice between major markets. And now we're featuring Pick Up service for all your Express Mail packages with a single charge of $4 per visit.

We charge only once for the pick up, not per package like many others. In Boston just dial (617) 451-0077 EXPRESS HAIL Wo Deliver. 'Full postage refund if delivery is not attempted by Some restrictions apply. Check with your local post office for details. The Boston Globe Stock Market Game is offered in cooperation with the Securities Industry Association and The Boston Globe Newspaper in Education program.

Winners' kmch is sponsored by the Boston Securities Traders Association. SP9260.