Announced
Financials
Tags
Acquisition
Radio and TV Broadcasters
United States
television stations
Domestic
Majority
Private
Private Equity
Pending
Friendly
Single Bidder
Synopsis
Standard General, a hedge fund, agreed to acquire WFXT/Boston, a television station, from Cox Media, a media conglomerate. Financial terms were not disclosed. "We are delighted to be acquiring WFXT/Boston, which will serve as a foundation for our new station group and provide our new company with a historic legacy from its very start," Soo Kim, Standard General Founding Partner.
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