Standard General to acquire WFXT/Boston from Cox Media.

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.