Cox, which bought WFXT from Fox, is selling the station to no, not Lox, but hedge fund Standard General, which says it will make the station "a foundation" of its new broadcast group.
Alden Media Capital, another hedge fund, bought the Boston Herald in 2018.
The WFXT move is part of Standard General's $5.4-billion effort to swallow Tegna, the made-up name for what used to be Gannett's broadcast wing before Gannett's newspaper group got swallowed by GateHouse, which then changed its name to Gannett.
Standard General says it has big plans for the Dedham-based WFXT:
Soo Kim, Founding Partner of Standard General L.P., said, "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."