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Fox Station Sale in Boston Triggers Fears of Pay-TV Rate Hikes

  • Standard General is buying Tegna stations with Apollo’s help
  • Altice warns the $5.4 billion deal could stiff consumers
WFXT 25 studios are seen in Dedham, Massachusetts. 

WFXT 25 studios are seen in Dedham, Massachusetts. 

Photographer: Christopher Evans/MediaNews Group/Boston Herald/Getty Images

The transfer of the Fox network’s Boston TV affiliate, WFXT, from one private equity giant to another is raising red flags about the potential for soaring pay-TV bills.

Shortly before it completes its $5.4 billion acquisition of TV station operator Tegna Inc., the private equity firm Standard General LP plans to buy the Boston station from an affiliate of Apollo Global Management Inc., which is helping to finance the larger deal.